The government announced several incentives in the five-year Foreign Trade Policy.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
Finance Minister Nirmala Sitharaman on Monday said she is awaiting an approval from the Cabinet on bill on cryptocurrency as the proposed legislation is before it. The inter-ministerial panel on cryptocurrency under the chairmanship of secretary (economic affairs) to study the issues related to virtual currencies and propose specific actions has already submitted its report. It has recommended that all private cryptocurrencies, except any virtual currencies issued by state, will be prohibited in India.
Vice President Dhankar's and Law Minister Rijuju's recent interventions have the danger of destabilising the Constitutional equilibrium, cautions N Sathiya Moorthy.
Over 20 political parties, except the Biju Janata Dal and the Communist Party of India-Marxist-led Left Front, took part in the massive rally.
'The US and India continue to use their deepening relationship to build new partnerships within and beyond the Indo-Pacific.'
Mission Shakti 'shows the development within India's military space programme, its desire to be seen as a global space power and its recognition of the potential dangers of China's counterspace programme.'
Wishing him, President Droupadi Murmu said the work for nation-building under his incomparable hardwork, dedication and creativity continue to advance.
The Padma Bhushan was conferred on 17 personalities including N Chandrasekharan, chairman of Tata Sons, Krishna and Suchita Ella of Bharat Biotech, Cyrus Poonawalla, Satya Nadella, chairman of Microsoft, Sunder Pichai, chairman of Google.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
Most of the hirings are, however, in the entry or junior level.
The army has long been deficient in artillery, the modern battlefield's most lethal killer, says Ajai Shukla.
It is time we pre-empt Pakistan and the separatists by fast tracking normalcy, advises Colonel Anil A Athale (retd).
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
The Union home ministry has issued strict guidelines for the enforcement of the 21-day complete nationwide lockdown in the wake of the covid-19 pandemic, invoking the National Disaster Management Act which may result in imprisonment of up to two years for any violation. All government offices, the offices of state and Union territory governments, autonomous institutions, public corporations, commercial, private, industrial establishments shall remain closed, the guidelines issued by the ministry said.
DRDO chief G Satheesh Reddy Reddy is the first Indian to be appointed Fellow of the Royal Institute of Navigation and of the Royal Aeronautical Society.
'Seen in the context of world turmoil in face of the pandemic and the Chinese 'miracle' of being the only country in the world to control it, this is not merely a 'Sputnik' moment, but a 'Sputnik Plus' moment,' argues Colonel Anil A Athale (retd).
Samajwadi Party chief Akhilesh Yadav on Saturday sought to defend his widely criticised statement equating Muhammad Ali Jinnah with Mahatma Gandhi, Sardar Vallabhbhai Patel and Jawaharlal Nehru and saying they helped India get freedom even as an Uttar Pradesh minister suggested a narco test for him for 'glorifying' the founder of Pakistan.
If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
Reserve Bank Governor Shaktikanta Das on Thursday said cryptocurrencies are a "threat to macroeconomic and financial stability" and cautioned investors against punting on them, days after the Union government's move to tax the gains made from cryptocurrency trades. In the Union Budget for 2022-23 presented in Parliament on February 1, the government proposed levying a 30 per cent tax on gains made on cryptocurrency trades by investors and the announcement was welcomed by cryptocurrency industry players, saying it legitimises their trades. Das invoked the 17th century 'tulip mania', widely considered to be the first financial bubble, to caution investors, saying the cryptocurrencies do not even possess the value of the exotic flower.
In several areas, the Indian government has put out a model law.
As a well-wisher of the Indian Statistical System and part of the system for more than 37 years, Sunil K Sinha, former DG and CEO of NSSO, offers suggestions to improve data quality.
From April 1 next year, over 600 state-run Madrassas will be converted into upper primary, high and higher secondary schools with no change of status, pay, allowances and service conditions of the teaching and non-teaching staff.
The attack on Rushdie sent shock waves around the world, with world leaders and literary stalwarts saying they were appalled at the attack on the author who championed free speech and lived under the threat of assassination for nearly half his life.
The country has reported the highest number of recoveries with 42,08,431 COVID-19 patients having recovered from the disease so far, pushing the national recovery rate to nearly 80 per cent, while the case fatality rate has further dropped to 1.61 per cent, the ministry said.
The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies by setting aside the RBI's 2018 circular which had prohibited them. A three-judge bench, headed by Justice R F Nariman, said the Reserve Bank of India circular is liable to be set aside on the ground of "proportionality". "Accordingly, the writ petitions are allowed and the circular dated April 6, 2018 is set aside," said the bench, also comprising justices Aniruddha Bose and V Ramasubramanian.
India has not only been decked in tricolour hues in the lead up to the 76th Independence Day celebrations, but also put under a heavy security blanket, right from Delhi, the epicentre of the mega celebrations, to Jammu and Kashmir.
The rupee appreciated 7 paise to 79.74 against the US dollar in early trade on Thursday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee's gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.72 against the American dollar, then went lower to trade at 79.74 against the greenback in early deals, registering a gain of 7 paise over the last close.
The telecom ministry will set up an intelligence unit and a consumer protection system as part of continuing efforts to tackle the menace of pesky calls as well as to take strict action against financial frauds perpetrated using telecom resources.
Despite slowing down, China and India continue to contribute more than half of the world's economic growth, a new report by an investment management and advisory services firm has claimed.
There are 1,53,106 active cases of the coronavirus disease (COVID-19), while 1,69,797 people have recovered and a patient has migrated, according to the ministry data updated in the morning.
Increase in surcharge will adversely impact fund managers planning to shift to India. As a matter of fact several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain.
The White House is planning another set of sanctions on Russia. This is likely to be announced on Wednesday.
'By annoying the Arabs and cozying up to Iran, Pakistan may end up losing Arab economic support, annoying the Americans and increase Shia-Sunni tensions domestically,' Colonel Anil A Athale (retd) points out.
The real issue in India is not between Make or Made/Create in India or basic or applied research. We need both. The solution is to create an eco-system where new ideas can flourish and convert themselves into new technologies and products, says Colonel Anil A Athale (retd).
Pakistan would want to take full advantage of the situation to direct Taliban trained terrorists into the Kashmir Valley, alert Lieutenant General Ashok Joshi (retd) and Colonel Anil A Athale (retd).
Uttar Pradesh Chief Minister Yogi Adityanath on Thursday directed officials to speed up setting up of a commando training centre in Rampur and also form a skilled team of women commandos.
'The Indian side has realised that not talking to Pakistan has not served any useful purpose.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances