A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
Dr Swarnim Wagle, the official behind Nepal's reconstruction strategy, speaks to Patrick Ward.
He said it was not only a tax reform but 'is a measure that lends strength to the new culture of honesty'.
'Now, we have a minimum pension of Rs 1,000 annually.'
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
RBI, Sebi had imposed certain restrictions on futures markets by way of raising margins.
Four days after a scuffle between intoxicated young men on Diwali night in Trilokpuri's Block 20 spiralled into a diffused communal riot that resulted in scores of injuries, dozens of arrests, and the incineration of at least one Muslim-owned shop, the violence appears to have abated but tension and suspicion persist.
As you swipe your credit/debit card with carefree abandon at merchant outlets, banks are losing money to the tune of Rs 3,800 crore annaully, says Soumya Kanti Ghosh
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Market regulator Securities and Exchange Board on Tuesday called for reforms in the underlying market and said regular issuance of government bonds across maturities can go a long way in achieving this by way of increasing liquidity.
News of all that's transpired on and off the football field
The exchange moved through many ups and downs through the years.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
'While economic ties are making incremental progress, it is in the security and strategic domains that the India-Japan synergy is more compelling,' says Dr Rajaram Panda.
With mobile data getting cheaper, insurers are introducing technologies that eases buying and lodging claims.
For 2017-18 and 2018-19, investors are better off focusing on the quality of measures announced in the Budget and outside it rather than on the Budget numbers themselves, says T T Ram Mohan.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
Six months ago Gianni Infantino was a low-profile right-hand man to European soccer boss Michel Platini. He was the striking, shaven-headed character who pulled balls out of glass pots during televised UEFA competition draws. Barely-known by the general public, he was also the man behind a complex attempt to force Europe's clubs to reign in their spending, but which ended up leaving fans and even club directors confused. On Friday, Infantino was chosen as the new president of FIFA, a position which made his predecessor Sepp Blatter as instantly recognisable as some of the world's leading statesman. It was a remarkable leap for the affable Swiss-Italian. The polyglot lawyer only entered the FIFA race in late October, one day before the deadline, as a stop-gap candidate after Platini had been placed under investigation for ethics violations.
As probe into suspected black money stashed abroad by Indians gathers steam, banks in Switzerland are running from pillar to post to safeguard their interest.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt.
On December 26, 2004, a devastating tsunami took a huge toll on life in Tamil Nadu. A decade later, here's a look at the changes it has brought
These smart cities should have the capacity to absorb, adapt and provide opportunities for both the poor rural migrants as well as the educated professionals, say Sujit K Pruseth & Sachi Satapathy.
'Notwithstanding the realisation among the Indian leadership to build up its navy for the force's expanding role, the Indian Navy was allocated only 15% of the interim defence budget presented in Parliament in February 2019.' 'The outlay for the navy's capital acquisition is not even adequate to meet its committed liabilities,' points out Brigadier S K Chatterji (retd).
News of all that transpired on and off the football field.
To a lay observer, therefore, India today presents two conflicting realities.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
The soul of India resides in pluralism and tolerance. This plurality of our society has come through assimilation of ideas over centuries. Secularism and inclusion are a matter of faith for us. It is our composite culture which makes us into one nation.
I-T dept has asked for Rs 5,357 crore ($865 million) alleging the company had suppressed its revenue for FY09 to evade taxes
'Is Trump going to play a mediating role? Can he play a mediating role? It's out of the question.' 'Kashmir is an Indian responsibility.'
Claude Arpi gives a fascinating firsthand account of the Dalai Lama's arrival in Tawang in March 1959 and explains why he will once again receive a grand welcome, whether Beijing likes it or not.
Seeking to boost the strategic ties, India and the US finalised the text of the Logistics Exchange Memorandum of Agreement.
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Instead of tinkering with roaming, the circle system should be ended.
We are witnessing a new phase where business leaders are realising globalisation has to take into account national identities and cultures, says Claude Smadja.
Obama highlighted that in recent years, the US has put in place intensive screening and security checks to take in refugees as well as ensure the nation's security.
Build trust in face of lay-offs Communicating with employees is the key to easing pain as downsizing cycle sweeps IT.
Atal Bihari Vajpayee ji turns 90 on December 25. I wish him all the best. The nation has honoured him and Pt Madan Mohan Malaviyaji with the Bharat Ratna.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
