How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
Arvind Kejriwal will monitor the work of various departments. Adarsh Shastri might also aid Kejriwal in this task. Somesh Jha reports
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
Earlier, maverick right-winger Subramanian Swamy had demanded the sacking of Jaitley's top aide
Towards the close of 2013, the finance ministry approved the proposal of UK-based Tesco to invest $110 million in opening up of multi-brand retail stores in the country in partnership with Tata Group firm Trent.
Following are the names of some high-profile people who have been put behind the bars
Firm makes Rs 4,858-crore loss on Rs 10,799-crore income.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
While brick-and-mortar retailers have been the most vocal in their protests, e-tailers do not seem to be in a hurry.
In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or suspended or not renewed during the moratorium period. The Cabinet also allowed amending the code to streamline the corporate insolvency resolution process and protect last-mile funding to boost investment in financially distressed sectors.
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
Terming the Bill as a 'non political bipartisan issue,' he hoped to have all political parties on board as the Bill would benefit over 75 per cent of rural households and 50 per cent of urban households in the country.
The Budget session of the 16th Lok Sabha will begin in the second week of July, revealed Parliamentary Affairs Minister Venkaiah Naidu on Thursday.
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
The Indian stock markets may turn bearish after the US Fed decides to raise interest rates.
The court's direction came after Singh alleged conspiracy over filing of "frivolous anonymous complaints" against him with the revenue secretary saying these were being entertained by the ED.
Finance Ministr Arun Jaitley will have to do a balancing act to manage fiscal prudence.
The company will spend Rs 10,141 crore to buy 15.5 per cent stake from minority investors.
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
The Left unions want concrete action and not just 'assurances'.
From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.
Centre shows optimism of achieving the target of 4.1% at back of recent measures and turn around in manufacturing.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Traders are waiting for the earnings season to kick off.
Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase
CBDT circular issued last month had raised multiple taxation concerns.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
The CBI had summoned Karti to appear before it on October 4.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
Four junior ministers - Rajiv Pratap Rudy, Sanjiv Kumar Balyan, Faggan Singh Kulaste and Mahendra Nath Pandey - have resigned ahead of the rejig.
In his meeting with the secretaries of all government departments, Prime Minister Narendra Modi gave the top bureaucrats space and time to voice their expectations from the new administration besides listing areas needing urgent attention.
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
Recent investigations into the telecom spectrum and coal scams have made bureaucrats very wary of taking decisions.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
The Department of Telecom is believed to have sought a 15-year tax holiday on domestic production of handsets and a lower unifom VAT rate among other relaxations to rejuvenate mobile phone manufacturing in the country.
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