The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
In a regulatory filing, Reliance -- the country's most valuable company - said, 'The 43rd AGM will be held on Wednesday, July 15, 2020 at 2 pm though video conferencing / other audio-visual means.'
In the travel advisory, the Health Ministry again asked people to refrain from travelling to China in view of the coronavirus outbreak in its Hubei province and said travellers on return from the neighbouring country could be quarantined.
Prime Minister Modi arrived in Riyadh late Monday night on a two-day visit to Saudi Arabia to participate in the high-profile financial summit Future Investment Initiative, dubbed "Davos in the desert", an initiative of Saudi Crown Prince Mohammed bin Salman.
'There was no fight between the Shiv Sena and her.' 'But if she is still targeting the Shiv Sena, then only she can talk about the reason behind it.'
The report states that while the national government sometimes spoke out against incidents of violence, local political leaders often did not, and at times made public remarks that individuals could interpret as condoning violence.
Subramanian's paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers. The Economic Advisory Council-PM said the Base Year of India's income calculations were shifted to 2011-12 on the basis of recommendations of several committees with experts in national income accounting.
They induced HNIs to trade on spot market commodity exchange with promise of high returns.
Paytm plans to induct 5,000 manufacturers and sellers; has started programmes to identify and train new sellers.
'It is unclear whether clothing or home items qualify as essential items. A lot of professionals are working from home, and they need electronics for their productivity. Does this qualify as essential?'
Five of these have wound up since, according to records of the Ministry of Corporate Affairs
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
Fifty-six months on, the government's record in implementing these schemes and projects has been mixed, report Arup Roychoudhury and Indivjal Dhasmana.
The 70-year-old ex-serviceman Ram Kishan Grewal committed suicide by consuming poison at a park in New Delhi area on Tuesday evening.
The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe
Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.
Bureau has registered just one product so far despite 1,500 applications.
A combination of demonetisation, a poorly and hurriedly implemented GST, and more recently the "botched up" lockdown of the economy to control the spread of Covid has brought the economy to its knees.
The SIT found and reported that there was no amount shown in almost 289 HSBC Geneva entries, while 122 of them were repeated twice in the same list.
'We have to plan for whatever the new normal is.'
Oilseed output to surpass its previous record of 32.75 mt in 2013-14 to 33.59 mt this year
Interchange fee is the amount charged by ATM operators for every transaction.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Sources said much has been done to ease the tax burden of the middle classes in the last five years, and that such a measure affects only a limited segment of people when the focus should be to put money in rural areas. Archis Mohan reports.
Deputy CM Manish Sisodia says it's the 'biggest failure of our system'.
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
Regulators find it difficult to track down illicit transactions with no limit on the number of subsidiaries.
The company is in talks with investors and the deal could be closed in a few weeks. At present, it operates in 37 cities in India.
Exchange to reply to FMC's letter soon, CEO says buyers can't be declared defaulters where there is 'market disruption'.
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
RBI said more monetary transmission to support growth continues to be critical.
Mallya might continue to elude ED, CBI interrogation in the short term but could still be extradited to India
Amidst Finance Ministry raising prospects of forcing Reliance Industries to sell gas at old price of $4.2, Oil Minister M Veerapa Moily on Thursday said there was no rethinking in the government on the decision to double gas rates from April 1, 2014.
The session will have 20 working days for now.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
Profit on sale of diesel swelled to Rs 1.90 per litre as oil ministry awaits return of Prime Minister Narendra Modi to cut rates.
Chief Minister K Chandrashekar Rao's son and Municipal Administration Minister K T Rama Rao said he would 'personally monitor the case'.
The railways ministry has a capex target of Rs 1 lakh crore for the financial year.
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