Telecom Minister Ravi Shankar Prasad is learnt to have approached Finance Minister Arun Jaitley for additional funds to carry out schemes committed under Universal Services Obligation fund scheme.
The Niti Aayog has finalised the first draft of a new national energy policy.
Last week, Power Secretary Pradeep Kumar Sinha said that the government is confident of adding 1,18,000 MW capacity by 2017.
The NRA will have representatives of IBPS, SSC and Indian Railways.
Sushma Swaraj startled Modi when she said she would like to be defence minister. That set the PM thinking, says Rajeev Sharma.
Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
Disclosing this, Union Minister for Information and Broadcasting Priyaranjan Dasmunsi said the finance ministry has agreed to release additional Rs 100 crore for this purpose.
In addition, exporters will also get a refund on the service tax paid on courier services used by them to transport goods and documents.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
Tobacco will be subjected to the highest tax slab of 28 per cent and an additional cess. The current rates of taxation on cigarettes and chewing tobacco are about 64 per cent and 81 per cent, respectively.
Five months into office, Prime Minister Narendra Modi will expand and reshuffle his Council of Ministers on Sunday, bringing in new faces and is likely to drop a few.
This permission was given some time late last month, before the Reserve Bank of India (RBI) on March 31 issued the indicative borrowing calendar for the states for April-June and the one for the Centre for April-September.
Inputs by the Petroleum Ministry were found among stolen documents.
Tamil Nadu Chief Minister J Jayalalithaa on Tuesday met Prime Minister Narendra Modi and did not rule out the support of her party All India Anna Dravida Munnetra Kazhagam to his government in the Rajya Sabha where the ruling National Democratic Alliance is in a minority.
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
Looking to push nearly 28 million over 11-year-old polluting vehicles off-roads, the government has proposed incentives worth 8-12 per cent of the cost of a new vehicle for surrendering the old ones.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
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After scrapping the selection of six UPA-appointed bank chiefs, the government has now decided to make significant changes to the selection process.
To help students pursuing higher education, the government plans o set up a higher education finance corporation.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
Providers write to Sebi, FinMin; launches may hit pause.
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
VIL pegs dues at Rs 21,533 cr, less than half of DoT estimate. During a meeting with Vodafone Group CEO Nick Read, Telecom Minister Ravi Shankar Prasad made it clear that the government is against a monopoly in the telecom sector, and wants Vodafone Idea to survive and remain invested in India.
Many banks have begun to work on plans to provide assistance to brokers to ensure they do not default on any payments amid a turbulent stock market, following the finance ministry's unofficial advice to them to explore ways of supporting market players. All the actions would be initiated within the prudential framework like adhering to the limit on capital market exposure, said a top executive of another PSB.
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
At $37 per dose, the Pfizer vaccine is much more expensive compared to $3 per dose for the Covishield.
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Chidambaram also said the government will take steps to curb imports of gold, silver, oil and luxury goods.
On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.
As many as 20 new faces are expected to be inducted into the Union Council of Ministers on Sunday in the first revamp exercise which is likely to bring in BJP leaders Manohar Parrikar, Mukhtar Abbas Naqvi, Rajiv Pratap Rudy and Bandaru Datttatreya while elevating a few.
Earlier, the RBI cut its policy interest rate to 6.75 per cent.
Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.
India, the bank's second biggest shareholder after China, is looking to borrow from the AIIB.
After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review.
In rupee terms, India's external debt stood at Rs 6,75,857 crore (Rs 6,758.57 billion), accounting for 16.4 per cent of GDP.
The ministry had spent 82 per cent of that amount till the start of this month.
The textile industry is the second-largest employer in the country, employing about 32 million, and the government is banking on it to absorb millions of youth.
The IMG meeting will be convened shortly.
According to the law, the contribution "should not be more than 5 per cent of the amount paid to gig workers. The government is likely to start seeking contribution from gig companies towards the fund from April 1, 2021.
The defence modernisation had "slowed down" in the last few years and providing the required equipment to the armed forces in a speedy manner would be the top priority of the Modi government, Defence Minister Arun Jaitley said on Tuesday.
