The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
The BJP's manifesto for UP elections promised many things. But, given the state's precarious financial position, fulfilling these promises is likely to prove tricky, says Ishan Bakshi.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
Rishabh Lawania's three tips for success: 1. Innovate. 2. Fail fast. 3. Always see ahead of time.
The microfinance vertical of the bank will provide loans of Rs 80,000 to Rs 1,00,000.
Would it serve India's interest to go to war with China over the Maldives, asks Aditi Phadnis.
Market regulator Sebi to support stert-ups raise funds.
'Stand-alone' trip to North American nation and a strong track record in Gujarat open doors to business.
DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.
Andhra Pradesh Chief Minister N Chandrababu Naidu, who was instrumental in developing Hyderabad as a key information technology services destination in the country, is now embarking upon a mission to establish the state as an electronics manufacturing hub.
Modi said the push towards a gas-based economy where the share of environment-friendly fuel in the energy basket will be increased from 6.2 per cent to 15 per cent by 2030, will create lakhs of jobs and help meet India's COP-21 commitment of cutting emission intensity by 33-35 per cent.
Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
'If anybody defaults on something which is due for today, they have to disclose it tomorrow.' 'The accumulation of NPAs is due to asymmetry in information.' 'The investor should have real-time information.'
With a growing penetration of the Internet, which reaches to rural areas of the country, the retailers would be able to deepen their market
The government's stated vision is that it wants to make India a manufacturing hub and that is where such a rush or confusing policies don't help, reports Shubhomoy Sikdar.
It is raining private equity funds in the logistics and warehousing space.
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Sebi keen to attract larger number of retail investors
Rajasthan CM Vasundhara Raje breaks her silence.
Almost $10 billion was invested in airport modernisation between 2005 and 2012.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
Secondary market might be a better bet for investors
According to Munjal, there is an opportunity for somebody who comes from a not for profit background in health care to do something.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
With the Union government clearing the way for foreign direct investment (FDI) in the railways, the Railway Board is devising a plan for operations, maintenance and construction projects.
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
In the next 25 years, the Mumbai port will need five terminals because the current passenger traffic of 200,000 is expected to climb to 4 million.
Post elections, the company has been making frequent visits to various ministries, including the IT ministry, commerce ministry, as well as different agencies to get the hang of things in the administration.
Budget 2016 may hold some answers to start-up cooncerns.
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