Overall the Union Budget 2011-12 has been a balanced budget. The government is moving in right direction with regard to reforms.
Bombay Stock Exchange (BSE) shares have lost more than a third of their value in the last six months, as a lacklustre market has hurt volumes in the exchange's cash segment and several efforts to revive its derivatives segment are yet to show results.
At present, the EPF subscribers are exempted from paying income tax on deposits.
At present, investors who can buy up to 15 per cent in a stock exchange include domestic banks and financial institutions, clearing corporations, depositories and stock exchanges.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
Central banks should be free to decide on monetary and credit policy.
From a national point of view, inflation is the biggest threat posed by finance ministers.
The filing of online provident fund accounts transfer claims on changing jobs for subscribers of the retirement fund body EPFO has become a reality now.
Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group, has said the recent Supreme Court order on gas supply to sister firm Reliance Power (45 per cent owned by R-Infra) will not impact its projects.
Religious institutions and charitable trusts employing 20 workers or more will have to deposit employees' provident fund with the EPFO.
The EPFO has about 5 crore (50 million) subscribers and the decision will have a bearing on their retirement fund.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Ram Jethmalani, Hema Malini, Dara Singh and four other nominated members of the Rajya Sabha will complete their term on August 26, enabling the United Progressive Alliance government to get own choice of persons of eminence nominated by President Pratibha Patil.
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.
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
The luncheon at his residence was attended by Planning Commission Deputy Chairman Montek Ahluwalia, Chairman of PM's Economic Advisory Council C Rangarajan, former RBI Governor Bimal Jalan, Foreign Secretary Shiv Shanker Menon and officials of the Prime Minister's Office.
Shweta Jalan, director, Advent India, discusses her career, successs mantras and offers advice to young grads aspiring to make a career in private equity firms.
Otherwise, EPFO can freeze your account. But seek detailed calculation to verify the numbers
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Banerjee supported 'Nyay' (poverty alleviation scheme of Congress) and people of India rejected his ideology, the BJP leader said.
Lalit Jalan, the younger Ambani's Wharton classmate and CEO of R-Infra, tells Nevin John that the company will put in Rs 2,800 crore (Rs 28 billion) over the next three years as equity in various projects.
The government's subsidy bill towards oil, fertilisers runs into lakhs of crores of rupees.
The Malegam committee on the RBI's capital adequacy had suggested that the RBI must move away from its methodology to calculate the foreign exchange gains to a weighted average cost-based valuation method. Central bank may done away with provisioning requirements, to enable higher transfer of surplus in the 2017-18 fiscal, analysts say.
Reserve Bank of India will announce the Monetary and Credit Policy for 2003-04 on April 29.\n\n\n\n
RBI's current Deputy Governor Urjit Patel got 3-year extension in January.
The RBI has agreed to consider the application of India Post in consultation with the government.
This amount will include Rs 13,100 crore that Economic Affairs Secretary Subhash Garg has been publicly seeking from the central bank's contingency reserve fund since 2017-18 (FY18).
Bimal Jalan refuses to make a forecast on economic growth, this year or the next. But he does confess that a week or two ago, he might have expected 5 to 7 per cent growth this year.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
A top Finance Ministry source, however, said no discussion has taken place in the government so far on whether to extend Rajan's tenure or not.
"Danone is seeking majority stake, but we are not going to do that. Danone is one of the few international companies with whom we are negotiating to be our partner in the value added dairy project, but we have not yet finalised it," Keventer Group chairman M K Jalan told PTI. "We want a structure where Keventer and the international partner will hold 44.5 per cent each and Rajasthan government 11 per cent for offering the land for the project," he said.
Apparel Export Promotion Council has hired a South Africa-based trainer to apprise garment exporters of new ways to increase their productivity level by holding workshops in the country.
Bangalore-based specialised software solution provider Manthan Systems has launched two new analytical products primarily targeting retailers and consumer packaged goods industry in North America and Europe.
AIMA has taken several path-breaking initiatives some of which include strengthening its Advanced Management Programme with active involvement of faculty from the world's leading b-schools.
The bench said that there are reports coming that many areas doctors are not being paid. "We saw report that doctors went on strike. In Delhi, some doctors have not been paid for past three months. These are concerns that should have been taken care off. It should not require court intervention."
RBI is expected to cut policy rates by 50 basis points by 2016.
He speaking in New Delhi on the occasion of release of a copy of India's Rurural Infrastructure Report prepared by National Council for Applied Economic Research (NCAER).
India Post had applied for a bank licence under RBI guidelines issued on February 22, 2013.
The company had appointed a three-member committee of directors to implement the changes.
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