Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
Three people were killed and over 20 others injured in a bomb blast outside the house of the Mumbai terror attack mastermind and JuD chief Hafiz Saeed in Lahore on Wednesday, the police said.
The 15-member body called for enhanced actions, from closing financial system loopholes to stopping the abuse of charitable causes, as well as updating the existing IS and Al Qaeda sanctions list.
As the global economy sways into uncertain territories and domestic prices almost certain to rise, Raghuram Rajan's ideas would have come in handy.
Germany is now sitting on a mountain of savings.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
The government on Wednesday said it will borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by the coronavirus pandemic. According to the Budget 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore in the financial year beginning April 1. "In the Budget, we had announced that there would be a gross borrowing of Rs 12.05 lakh crore and net borrowing of Rs 9.37 lakh crore. "In the first half of 2021-22, we would be borrowing Rs 7.24 lakh crore, which is 60.06 per cent of the gross issuances," economic affairs secretary Tarun Bajaj said. He said the government would issue 2-year, 5-year, 10-year, 14-year, 30-year, and 40-year securities.
He wants Jaitley to give investors more clarity on policies
Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government's policy to privatise the lenders. Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted. United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
The finance ministry on Wednesday said the government will borrow Rs 4.34 lakh crore in the second half of the current fiscal to meet its expenditure requirement amid COVID-19 crisis afflicting the country's economy.
Unprecedented chaos erupted inside the Bihar assembly on Tuesday when police was called inside to assist the marshals in evicting unruly opposition members who tried to physically prevent the Speaker from taking his Chair.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
Trump is accompanied by First Lady Melania, daughter Ivanka, son-in-law Jared Kushner and the top brass of his administration.
British Prime Minister David Cameron on Sunday apologised to women MPs and said he "deeply regrets" comments he made in Parliament which have been criticised for being sexist.
It is clear Modi wants to establish a direct hotline with the bureaucracy, bypassing the ministers, just like in Gujarat where the bureaucracy ran the show and the babus were given a free hand to take decisions.
Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.
An understanding in this regard was reached during the economic dialogue being held between Chinese vice-premier Wang Qishan and US Secretary of Treasury Timothy Geithner.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Britain's Prime Minister David Cameron on Monday promoted one of its most prominent Indian-origin MPs Priti Patel by making her the new employment minister, as he unveiled the first all-Conservative cabinet in nearly 20 years with his top four aides retaining their previous portfolios
Economists warn of the impact that a Fed rate rise could have on emerging economies.
'Islamabad receives billions in aid from the US but continues to harbour terrorists,' he said.
Congress leader Rahul Gandhi took a swipe at the BJP, saying one has to refer to the state-wise election schedule to know when one will have access to the vaccine. The BJP, however, said health is a state subject and its manifesto is for Bihar, not for the entire country, where it has promised that the state will buy the vaccine for its people.
The Election Commission has reduced maximum number of campaigners for the recognised parties to 30 while for the unrecognised parties it would be not more than 20 in view of coronavirus pandemic, Additional Chief Electoral Officer (ACEO) Sanjay Kumar Singh said on Friday. The maximum number was earlier fixed at 40 for everybody.
If the presentation made by the Commission to the chief ministers is followed in letter and spirit, central sector and sponsored schemes will no longer be the domain of central ministries alone.
Minister for Commerce and Industry Kamal Nath, who arrived in Washington had critical bilateral discussions with senior administration and Congressional leaders on issues related to WTO and bilateral issues.
Prasad will face charges including criminal conspiracy and fraud in the fresh trial.
They bent rules. Shut down haters. And inspired many with their successes. Let them inspire you too!
Mattis said the Trump administration is being very clear and firm in what it expects from Pakistan.
David H McCormick, under secretary for international affairs at the US Department of Treasury, said on Tuesday that in an era of global trade and investment both the US and Asia need each other to maintain strong economic growth. McCormick was speaking at the Asia Society on 'US-Asia Economic Relations -- the Next Chapter,'.
The White House press secretary said LeT is a designated Foreign Terrorist Organisation responsible for the deaths of hundreds of innocent civilians in terrorist attacks, including a number of American citizens.
Just after the brief address of the Governor, MLAs of the BJP raised the demand for a floor test, triggering an uproar. Minister for Parliamentary Affairs Govind Singh raised the issue of coronavirus threat in the country and also mentioned the Central government's advisory.
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
Mattis also warned Pakistan of global "diplomatic isolation" and losing its Non-NATO ally status if it failed to take action against safe havens to terrorists on its soil.
Newly re-elected British Prime Minister David Cameron is working out his first one-party Cabinet made up of Conservative party MPs without any Liberal Democrat coalition considerations of the past.
The US has slapped sanctions against a number of international companies and individuals for evading sanctions against Iran and for providing support for its contentious nuclear programme.
Emerging markets and Asia may be first in the firing line
Tightening its noose around the Lashkar-e-Tayiba, the United States has added its affiliates, including the Jamaat-ud-Dawa, to its list of designated terror organisations and slapped sanctions against two Pakistan-based LeT leaders.
All you need to know about the Winter session of Parliament.
Pakistan did not submit any dossier on the alleged Indian activities inside the country during its foreign secretary Aizaz Ahmad Chaudhry's meetings with top US officials in Washington this month, a top American official has said.
The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.
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