The venture is seen as a rival to the World Bank.
Two non-government organisations run by social activist Teesta Setalvad and her husband have been served notice by the home ministry for alleged violations of the Foreign Contribution Regulation Act and asked to reply within 15 days.
RBI should monitor export credit offtake and how well banks implement its instruction.
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
New Delhi has always maintained that its IPR regime is fully compliant with all international laws.
India on Monday got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group.
The government is seeking to keep its fiscal deficit within the budgetary target of 4.8 per cent of GDP.
Priyanka Chopra, Irrfan Khan and Nawazuddin Siddiqui make a global statement on the power of Indian cinema, says Vanita Kohli-Khandekar.
'In the final analysis, all Budgets everywhere are like the schemes hatched by A A Milne's lovable Winnie-the-Pooh.' 'They may be well-intended, but often go awry.' 'Although Pooh and his friends agree that he 'has very little brain', he is occasionally acknowledged to have a clever idea, usually driven by common sense.' 'This Budget at a first glance does not appear to belong to that latter category,' says economist Shreekant Sambrani.
He said the short term macroeconomic priorities of the RBI continue to focus on bringing down inflation towards the government-set target of 4 per cent
The report '2014 International Piracy Watch List,' by International Creativity and Theft-Prevention Caucus highlights the high levels of piracy and the lack of legal protections for copyright in China, Russia, Switzerland and India.
Most of the American military aid to Islamabad for counterinsurgency has gone into buying equipment to fight India, a former US diplomat has told lawmakers as he described Pakistan as a country which is "on the edge in many ways of being a failed state".
Modi also made a call for European Union unity and said India would play a positive role in enhancing that through Germany.
Being a pragmatist Modi is not likely to give preference to China over Japan. Both security and economic aspects are likely to shape Modi's decision in terms of engaging the two biggest economies of Asia, says Sana Hashmi.
At present, the NMP states a series of fiscal incentives, including tax sops, will be offered but only to small and medium enterprises.
As per the 2014 Research Excellence Framework (REF), Oxford overtakes Cambridge as Britain's best research university.
Nineteen parties in the Parliament have already confirmed that they will be voting in favour of the no-confidence motion.
India's low passion, very cautious, relationship with Iran of the last 36 years awaits transformation, says Lieutenant General Syed Ata Hasnain (retd). Prime Minister Modi's visit cannot be a negotiating event; it is a symbolic one to strengthen the politico-diplomatic relationship.
Zomato, the India-based global restaurant search and discovery business entity, has accelerated plans to get into new products like online food ordering.
As the clean-up has taken hold, loan growth slipped to 10.7 per cent in the last fiscal
India is actively considering the Pakistani proposal on the talk schedule for remaining secretary-level meetings in the third round of resumed dialogue with dates on the crucial issue of water and Sir Creek being suggested ahead of the meeting between their prime ministers in New York in September.
On the border dispute, officials on both sides say the protracted boundary talks made progress, while both sides made attempts to avert tensions along the 3,488-kilometre-long Line of Actual Control, which remains undefined.
The Reserve Bank left interest rate unchanged.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
The government chose moral persuasion to make people give up subsidies, notes Rahul Khullar.
The India government needs to work on policies that can enhance global trade.
'The only effective defence against a suicide attack is 'pre-emptive' destruction of the attacker,' says Colonel Anil A Athale (retd).
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
Media has gone beyond its traditional boundaries.
Trump aides, who participated in the two-day talks held at the US President's Mar-a-Lago resort in Florida, described the meetings as productive and said the two leaders exhibited "positive" chemistry.
Tatas plan to revive, not sell the Port Talbot steel plant. The investment could be as much as $500 million.
'We need to be in a perpetual state of aggression, and able to swiftly change the goal posts to keep Pakistan in a state of imbalance,' argues Sanjeev Nayyar.
The bank wanted to run a background check on some Indian promoters.
'Look East' policy was first coined by the Narasimha Rao government in the 1990s and has been followed by the successive governments.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
International Olympic Committee (IOC) Vice President John Coates has urged Tokyo to consider moving more events to venues outside the capital, including one hundreds of kilometres away, in a bid to rein in spending for the 2020 Summer Games.
After days of speculation, Prime Minister Manmohan Singh confirmed he would meet his Pakistan counterpart Nawaz Sharif in New York, when he is expected to convey concerns over "barbaric" incidents on the LoC and continued terrorism emanating from Pakistan.
China will prioritise the development of a floating nuclear power platform in the coming five years.
In the January, 2013 Cabinet note on revision of prices of all domestically produced natural gas, the ministry had proposed immediate implementation of the formula suggested by a panel, headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan, for all producers except in cases where the current rate is valid for a certain period.
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