RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
Narendra Modi could be in for a tough fight in Varanasi with the Congress declaring its resolve to put up a formidable candidate against the Bharatiya Janata Party's PM nominee in the Lok Sabha polls and ruling out support to the Aaam Aadmi Party's Arvind Kejriwal.
State and UT governments have been given the flexibility to take a decision on re-opening of schools and coaching institutions after October 15 in a graded manner.
It is likely the government will divide the country into different zones during the proposed extended period of lockdown and might permit a few services to function in safe zones.
BJP president Amit Shah on Thursday revamped the party's national executive. Of the 178 members, only eight are women.
India, with the right blend of the physical and the virtual, can emerge as the global nerve centre of complex modern multinational supply chains in the post COVID-19 world.
In an interview with Mihir Mishra and Jyoti Mukul, Nath, who as the commerce and industry minister in the previous United Progressive Alliance government was part of the fire-fighting to minimise impact of the slowdown, says that the current year will be better than the last year.
The two bills -- Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 -- were passed by Lok Sabha on Thursday.
The five-year Foreign Trade Policy, to be unveiled on August 27, is expected to give incentives to Indian exporters to widen their global markets beyond the United States, the European Union and Japan in the face of the economic crisis in these key destinations.
There are also concerns on the central government finances for the current fiscal, he said, adding, performance during the first half on the fiscal front poses some risks in both receipts as well as expenditure estimates.
Justifying its stand on scrapping of Special Economic Zones projects in Goa, the state government has said the Centre has the power to denotify those which are not operational within the stipulated timeframe.
'If the mandis were not working in Delhi, or the onion market in Nashik got affected, or there were disruptions because of unloading or loading in any sector in south India, we intervened.'
Union Minister for Rural Development Jairam Ramesh continues to be the rising star in Rahul Gandhi's Congress. With the Congress war room at Gurdwara Rakabganj Road being re-designated as the Congress Coordination Centre, Ramesh has been appointed as the convenor of a small group which would look after the co-ordination work for the 2014 Lok Sabha elections.
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
The economic slowdown in India preceded global meltdown due to stoppage of reforms by the UPA government, former union disinvestment minister Arun Shourie said.
With the pressure on for the European Union (EU) and India to come up with a significant announcement at the upcoming EU-India summit on December 10, a flurry of activity surrounding the ongoing negotiations for a bilateral free trade agreement (FTA) is giving momentum to the process.
Phase-I of the ambitious Delhi-Mumbai Industrial Corridor project entails an investment of Rs 17,319 crore(Rs 173.19 billion) and is poised to generate 330,000 jobs.
The student front of the Rashtriya Swayamsevak Sangh has blotted its CV by allegedly instigating and engaging in violence on marquee campuses like JNU and Hyderabad Central University
Billed as India's biggest foreign direct investment, the Posco project has been delayed by more than five years.
The Modi government's appalling inefficiency and lack of purpose stand exposed, says Ambassador M K Bhadrakumar.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
IT sector has lots of hope from the Union Budget 2014-15.
Minister of State for Commerce Jairam Ramesh was taken by surprise on Tuesday when Uttaranchal Chief Minister N D Tiwari complimented him saying he is being tipped to become the next Finance Minister in place of P Chidambaram.
Earlier this week, commerce secretary Rahul Khullar met EU director-general for trade David O'Sullivan to review the progress so far. Several differences mired the process over EU's insistence on including social issues such as human rights, labour policies and climate change within the FTA purview.
The minister was earlier scheduled to meet Prime Minister Manmohan Singh, but could not do so as the latter underwent a surgery on Saturday morning and had been advised rest.
Government employees' pay packets will get fatter, with the Cabinet on Thursday approving three per cent hike in dearness allowance.
The long-pending issue of seizure of Indian generic drugs by European Union countries has been resolved, with the EU accepting India's position and agreeing to amend the rules to plug the loopholes that led to the seizure of shipments.
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
Sharma was addressing the members of the Board of Trade, a body comprising captains of Indian industry.
Union Commerce and Industry Minister Anand Sharma said that India has been less affected by the current global economic crisis due to the economy's strong fundamentals.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
Commerce ministry suggests easy conditions for availing capital gains tax exemptions
India is negotiating for a comprehensive economic partnership agreement with Malaysia and Japan and a broad based trade and investment agreement with the EU.
Abdullah, who turned 50 on March 10, had spent 232 days in custody since the government announced abrogation of the special status of the erstwhile state on August 5 last year.
Canada is not reaching out to India to the extent it could have, said Union Road Transport and Highways Minister Kamal Nath.
'Why should the government keep these laws on hold for 1.5 years when they are so disastrous for the interests and well-being of farmers?'
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Maharashtra Congress accused the govt of being biased against the state, and claimed that it was planning to reduce the importance of Mumbai as the financial capital.
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