The long-pending One Rank One Pension Scheme for ex-servicemen was tonight brought into force with government issuing a notification which will benefit over 25 lakh veterans and war widows.
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
India is likely to clock a GDP growth of 5.5 per cent during the current financial year provided there is normal monsoon and stable government at the centre, says a D&B report.
Ace shooter Abhinav Bindra on Saturday applauded IOC's decision to not change its stance on barring charge-sheeted persons from contesting Indian Olympic Association (IOA) elections, saying it is heartening to see the world body keen on cleaning up sports in the country.
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
Stung by International Olympic Committee's directive to bar charge-sheeted persons from contesting elections, the Indian Olympic Association on Friday wrote to its parent body, saying that it cannot implement the provisions as it has to follow the law of the land.
Exemption limits, standard deduction on radar.
India had a transition from 'socialism with a limited entry to marketism without exit'.
The ministry of civil aviation has recommended three levels of unruly behaviour by passengers, each with a different duration of ban on flying.
Retail inflation inches up to 3.77%; IIP growth dips to 3-month low
Even as Prime Minister Manmohan Singh arrived in the United States, the powerful US Senate Foreign Relations Committee under a revised schedule on Tuesday, formally put the US-India civilian nuclear agreement on its agenda and approved it by a margin of 19-2.
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
Amtek Auto was among the first list of 12 companies which were referred by the RBI in 2017 to respective banks for initiation of insolvency process for defaults.
The Union Cabinet and the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved a slew of social sector initiatives, including treating the backlog of reserved vacancies of other backward classes (OBCs) as a distinct group not subject to the limit of 50 per cent reservation in a year.
The ministry has gone through the entire syllabus and reached a conclusion that there are some words that are not in use by the regular Urdu speakers.
Both have been robustly muscular leaders who began as immensely charismatic politicians conveying an impression that they were makers of history, raring to go. Both have been hyperactive on the world stage. But in the final analysis, Abe is departing on a sombre note, unceremoniously and apologetically, observes Ambassador M K Bhadrakumar.
Rooms at this Kolkata hotel are priced between Rs 7,000-8,000 per night. Gateway is a full-service upscale hospitality brand under the Taj Group of Hotels.
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
During the month, inflation in vegetables shot up to 35.99 per cent, as against 26.10 per cent in October. Likewise, the prices of cereals and eggs grew at a faster pace of 3.71 per cent.
A 10-member panel to amend Egypt's Constitution met for the first time on Sunday amid political turmoil over the ouster of President Mohammed Morsi and rebuffed claims that it has devised ready-made amendments.
Sharad Sharma, co-founder and governing council member at iSPIRT, on Tuesday admitted using anonymous accounts to troll on social media those who raised questions on Aadhaar and its applications by the government.
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
Theresa May is set to become Britain's next Prime Minister after her internal party Andrea Leadsom dropped out of the Conservative leadership race.
The Reserve Bank of India has asked banks to refrain forthwith from the restrictive practice of linking locker facility provision to placement of fixed or other deposits.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Trump also announced that the US will end special treatment of Hong Kong in response to Chinese imposition of new controls.
'He still has to deal with party norms and traditions and has been careful to follow the order of seniority,' points out Claude Arpi.
Potato, a daily consumable vegetable, witnessed maximum inflationary pressure at 60.58 per cent
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Both industrial and domestic consumers will have to shell out more money for electricity following a hefty 14 per cent hike in the royalty that states charge on coal, the major input for power generation.
The regulator budget is projected to have deficit of Rs 76.6 cr; fee hike will help turn this into a surplus of Rs 105.7 crore.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
The government does not seem inclined, at least in the petroleum sector, to effect sudden and steep upward price revisions to tame its huge subsidy burden and rein in fiscal deficit.
Utility vehicles manufacturer Mahindra & Mahindra will replace Hero Honda in the country's benchmark index Sensex from July 9.
In a significant move, Mumbai Cricket Association's president Sharad Pawar has decided to attend the Board of Control for Cricket in India's Annual General Meeting, scheduled to be held in Chennai on November 20, after a gap of four years.
In simple terms, it refers to a deduction allowed in income tax, irrespective of expenses incurred or investment made by assessees.
India's participation in Olympics will be decided only by the general body of the Board of Control for Cricket in India, which in all likelihood won't change its present stance of not taking part as they don't want to follow the Olympic charter.
An initial reading of the guidelines indicates two factors - potential rise in borrowing cost and lower returns on investment book - could hit the spread of NBFCs.
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