FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Governor Urjit Patel and his deputies spoke to the media about the central bank's decision to raise the repo rate.
Earlier, an inter-ministerial group used to take these decisions.
The father-son duo are in the radar of the probe agencies in another case concerning the Aircel-Maxis deal.
Hike would have led to higher cost of fertiliser, electricity and even CNG.
The government will not bring down its ownership in public banks.
What is required from government is intellectual framework.
While the PM sees zero tax on long-term capital gains and dividend income as unfair since the beneficiaries are not poor, he is silent on the fact that rich farmers too don't pay taxes, since farm income is tax-free, a loophole exploited by many netas and babus, says Debashis Basu.
It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.
'There will be no serious effect on Indian economy because one person, one man, however powerful, however influential, however great, cannot have an impact on an economy as big and complex as India.'
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
A host of factors including the reform measures taken by the government and decline in global oil and commodity prices have led to lower inflation, the Finance Ministry said on Wednesday.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
Arun Jaitley is on a 10-day trip to the US.
P Chidambaram said that the fiscal deficit target for 2013-14 will be met and the current account deficit will be contained below $40 billion.
Significantly, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future, 45 per cent cited no change in investment levels, while only 5 per cent expected a fall.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
Reason behind for the change in his stance: gas price increase.
Rome's new mayor, Virginia Raggi, pulled the plug on the city's bid to host the 2024 Olympics, saying staging the summer games would bury the Italian capital under mountains of debt and tonnes of cement.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
A day ahead of Lok Sabha polls announcement, the government today decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 per cent.
Of the 40 CEOs polled from across the country, 60 per cent identified a fractured electoral mandate as a bigger risk than trade wars, volatile oil prices, and inflation.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
Finance minister tries to put house in order before reforms are unveiled in February.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
Private sector firms need to be re-engaged for better infra planning.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
Budget is a populist one, wil lbeneift common people
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Rajan said it was important that the government and the RBI be vigilant to the growth scenario.
Priorities include the amendments of the Companies Act and the Motor Vehicle Act
'Today the real issue facing the Modi government is not about investment, credit and money supply and all those things economists like to talk about.' 'It is whether your average citizen has confidence in the government not to do something utterly whacky,' says T C A Srinivasa-Raghavan.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
