China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
Prime Minister Manmohan Singh, who leaves office this week, was tonight given a warm farewell dinner by Congress President Sonia Gandhi which was attended by a galaxy of party leaders and Union ministers.
Amid a controversy over the recent the JNU row, the BJP said freedom of expression does not give a right to call for the country's destruction.
The remarks reflect the "arrogance" of the Congress, he said addressing a poll rally on the last day of campaigning for the sixth phase in Haryana's Rohtak.
Reserve bank is working with the govt to bring suitable amendments in the statutory provisions
Rs 1,000 crore for promotion of start ups.
Under the scheme, which seeks to open 75 million accounts by January 26, 2015, an accident insurance cover of Rs 100,000 is provided with every RuPay debit card offered by the National Payments Corporation of India.
It's unfair, isn't it? That good borrowers are not rewarded for their discipline and are forced to subsidise indisciplined borrowers who may pose higher credit risk...
Committing to more steps to boost economy, the Finance Ministry said initiatives taken by the government in the past one year will boost investment and revive the sagging growth.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
While digitisation and automation have made internal processes more efficient, front-end products are being enhanced digitally through robotics, artificial intelligence and botchats.
The Board of Control for Cricket in India president Anurag Thakur is set for a showdown with current International Cricket Council chairman Shashank Manohar during the ICC Board meet in Cape Town, where the richest cricket board will specifically push for a three-point agenda that includes bringing back the 'Big Three' module.
In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
Inputs by the Petroleum Ministry were found among stolen documents.
The cap of Rs 10,000 on daily withdrawal has also been removed.
The home minister will also discuss cross border terrorism in Jammu and Kashmir and growing activities of ISIS in the country and its neighbourhood.
The previous government set up a cabinet task force to clear the backlog of projects but failed to make much of an impact.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
The study says living in joint families negatively impacted the level of financial knowledge.
The government on Friday refrained from releasing the caste-based data in its first Socio Economic and Caste Census released in eight decades and maintained that it was concerned with economic data which will help in effective implementation of its programmes.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
Non-performing assets of banks have been on the rise for past several months due to slowdown in the economy.
At present, 58 per cent of the population has bank account.
With GDP growth improving to a nine-quarter high of 5.7 per cent and the stock market brimming with optimism, now is the time for Modi to keep his promises.
Cricket South Africa has opposed the structural overhaul of the ICC which will cede executive decision-making to India, Australia and England, calling for an immediate withdrawal of the "fundamentally flawed" proposal.
The scrutiny is expected to be over this month itself.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
The Statue of Unity the prime minister is building in Gujarat is a disgraceful waste of resources that does nothing for India except add a big fat bill, says Mitali Saran.
The Pradhan Mantri Jan Dhan Yojana will provide accident insurance of Rs 100,000 to all people who open bank accounts under this scheme.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
The government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
The finance ministry has put out a revised draft in public domain.
Aditi Hardikar says she is proud to honour her parents' sacrifices by giving back to her community and country.
The apex court observed that the government could not deny benefits to those who did not have not Aadhaar numbers.
Modi govt says its economic score on all coutns is very good.
The advice your mother gave you about choosing your friends wisely got a whole new meaning with lenders looking at your social media posts
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