Given the international practice, it is inexplicable why the government is going with anonymous electoral bonds.
Jaitley also asked banks to take steps to ensure smooth credit flow to projects.
The Swiss National Bank, the country's central banking authority, has estimated the funds currently held by Indians in Swiss banks at a mere $1.98 billion. Fear of disclosure due to greater scrutiny of this illicit wealth has played the main role in the flight of capital.
With the government asking the companies to operate with only 50 per cent staff strength, and exports dipping to almost zero, the truck and bus drivers idling at the petrol pump say they hardly have any work now. At a petrol pump on the deserted Bavla-Changodar highway near Ahmedabad in Gujarat, several trucks and buses are neatly parked in a row.
Switzerland has been making efforts to strengthen its bilateral cooperation with India .
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. These stocks account for 94 per cent of India's total market capitalisation.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
The move will help BNP Paribas expand its operations in India.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
From your fingerprint to most private images and financial info -- all your privacy is under constant threat from hackers.
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
'If the conditions change and we can have the Asia Cup, it must be held as earnings from it are distributed as development funds to member countries for next two years'
"In response to India's payments data circular, we've built a system that stores payments-related data locally in India," WhatsApp spokesperson said in a statement.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Modi, who was in France on the first leg of his three-nation tour, said there have been a number of constructive changes in the last five years.
Amid concerns of bullion trade being used for routing of black money, Switzerland's gold exports to India have risen further and is fast approaching Rs 1-trillion mark for the entire 2014.
The state has allowed industrial units in special economic zones (SEZs) to lay off workers without government's sanction, regardless of the number of workers
'This is a landmark moment for Lord's, with women's cricket now documented in the dressing rooms for the first time.'
Three stockmarket experts give their best picks for the New Year.
ADB's calculations imply almost half of India's population (47.7 per cent) was below the line in 2010. Both these estimates are based on the year 2005's purchasing power parity rates.
Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hailing service and used them to make more than 405,000 false bookings
The meeting is taking place under the shadow of a fierce border row between India and China, both members of the influential bloc.
The Central Bureau of Investigation (CBI) is in the midst of a major operation which is targeting hacking hubs across the country.
Fitch had last upgraded India's sovereign rating from BB+ to BBB- with a stable outlook on August 1, 2006.
No country has grown without educating its people. India's shameful lag in primary and secondary education has persisted for several decades, and the crisis in higher education is now threatening a social and political calamity, says Ashoka Mody.
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
The future of both Bihar and the country would be determined by the outcome of the "crucial" polls in the state, Congress President Sonia Gandhi said on Saturday while sharply attacking Prime Minister Narendra Modi whom she described as an expert in "packaging and repacking".
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
New data is puzzling as these aren't corroborated by other data
As a follow-up to the views expressed by Shashank Manohar soon after being re-elected as BCCI president earlier this month, the Board of Control for Cricket in India is all set to appoint an Ombudsman at its Annual General Meeting which will be held at its headquarters in Mumbai on November 9.
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
The continued rise in interest is a pressure on fiscal, but it is not an easy way out unless the government cuts back on populist measures and sticks to fiscal prudence as laid out in the FRBM, which the government missed for the second consecutive year.
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