Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
RBI declines to accede to plea, upheld by Padmanabhan panel, for priority sector tag; feels move would dilute claims of those needing it more.
Sweden's backing to India was conveyed to President Pranab Mukherjee, who is in Stockholm on a state visit.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
The Punjab government has refused to pay a bill of Rs 6.35 crore to the Center for deployment of paramilitary forces during and after the terror attack at Pathankot air force base.
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
Alipay payment service is about bringing the world's consumers and businesses together.
'Igniting in this country, a false feeding of nationalism combined with religion.' 'They are promoting the religion of the majority people in the country to feed their political agenda.'
Modi said the biggest challenge would be to ensure that the disease does not spread to villages across the country after relaxations provided by the government.
PDP will ask the Centre for Geelani's passport on humanitarian grounds to visit his ailing daughter in Saudi Arabia
Successive governments focused on altering the clearance processes but largely gave a pass to the second, and essential, element of environmental regulations for monitoring pollution levels and how industries followed conditions laid down for clearances.
The scheme, which would give Rs 6,000 to small farmers in a year or Rs 500 a month, will add more money to the account of these cultivators than the money he/she saves every month on an average.
All stakeholders in the diamond industry chain from mines to retailers have to follow a system of warranty under which they have to individually declare in the invoices they issue that what they have sold are not conflict diamonds.
'In 2009 we had 741 new cases of polio. This was the highest in the world. We ran the most apolitical crusade ever. We had the support of every government. We were never short of funds. The central government gave us Rs 11,000 crore a year. In 2011 we had 42 new cases. From 42 to 0 was our most difficult phase,' Mission Director Anuradha Gupta tells Rediff.com's A Ganesh Nadar in an exclusive interview about India's monumental campaign to eradicate polio.
Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.
The 'World Culture Festival' extravaganza organised by Sri Sri Ravi Shankar's Art of Living on Yamuna has "completely destroyed" the riverbed, an expert committee has told by the National Green Tribunal.
Employers are completely off track if they think money and flexible timing alone are the motivators.
The government on Friday ruled out holding any talks with Naxalites but said a balanced approach will be adopted in close coordination with states to tackle the violence perpetrated by Maoists.
FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management.
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2014 made a lot of promises; can the new year deliver?
For the urban population, recalibration of ATMs has already started and they will start dispensing the new Rs 2,000 currency notes from Monday or Tuesday.
Finance firms in these SEZs likely to get tax breaks.
Prime Minister Narendra Modi on Friday lashed out at previous governments, saying they seemed to hate development and "looted" public money to win elections.
While a centralised approach to running things expedited decision-making in Gujarat it may become the very thing that decelerates Modi in the Centre, opines Nilmadhab Mohanty.
In the concluding article of a six-part series, Business Standard visits Ludhiana, one of the largest industrial towns in Punjab, to assess the effect of demonetisation.
In less than an hour, seven of the top 10 India trends were fuelled by wishes pouring in for Prime Minister Modi from different quarters.
The top 10 in terms of the number of MSMEs is dominated by the larger states with Uttar Pradesh at the top.
'The election has to be fought on perennial issues and not on a tragedy of one moment'
Will private firms really boost Make in India in the defence sector? Ajai Shukla seeks answers.
Ministers who were in the news for all the wrong reasons
Cereals like millets can help alleviate malnutrition and improve public health, reports Surinder Sud.
The coal-bearing states shall be getting additional revenue from such coal mines.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
Expectations were probably too high from Narendra Modi.
In a strongly worded legal notice to FabIndia Chief Executive Officer Viney Singh, KVIC's director (legal affairs), noted that the organisation was continuing to sell its garments in the name and style of Khadi despite earlier warnings by KVIC and assurances by FabIndia that it will not continue do so.
Oppo's FDI application approved for single-brand retail trading
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