If India can fast utilise currency flows for long-term projects, the regulatory regime could be more liberal.
The ride-hailing company will soon launch UberEATS, which has been testing food and grocery deliveries since 2014, in India. Alnoor Peermohamed reports.
Cess upto 2 per cent will be levied
Incomplete safety works at level crossings, under utilisation of safety fund, old locomotives and lack of safety drives are affecting railways safety prospects, reveals the latest CAG report.
Kishor, who earlier worked with the BJP but turned into its strident critic of late, reacted with indignation, saying he would retire from public life if the allegations were proven true. He also asserted that those levelling the allegation against him should apologise.
Do you know you can invest in funds to donate money for a good cause?
Modi's government is also working on a universal health coverage plan that would provide all citizens with free drugs and diagnostic treatment.
The agency has issued a provisional order attaching the farmhouse located in south Delhi's Mehrauli area under the provisions of the Prevention of Money Laundering Act. It said the book value of the asset is Rs 6.61 crore but its market value is "worth Rs 27 crore and is in the name of Maple Destinations & Dreambuild".
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
Short-term lending rate unchanged at 7.75 pc.
Maharashtra is considering imposition of betterment charge and service tax on developers of residential and commercial complexes adjacent to the mega-infrastructure projects lined up in Mumbai.
The Centre will grant Rs 500 crore for each of the smart cities.
Tata Steel delivered one of its best financial performances ever in the third quarter of the current financial year, and surpassed its deleveraging target of $1 billion. In an interview, Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that the company will continue to focus on deleveraging but profitable and value-added growth will be equally important.
'There has been far too much overconfidence about the size and composition of the Indian consumer economy,' notes Mihir S Sharma.
The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown.
A Rs 195 crore-package was announced by the government on Friday for reconstruction of the 'Char Dham' pilgrimage circuit, which was badly affected by the Uttarakhand rain disaster.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
The case pertains to alleged financial irregularities in supply of high-altitude tents worth Rs 22 crore to intelligence agency Research and Analysis Wing during 2009-13.
Karan Bilimoria promoted Cobra Beer Ltd, on Monday said it has raised a total of £27.5 million to fund its next phase of development, a large part of which will be utilised for expansion in India and the UK.
Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.
It is rare for Cabinet ministers to tick off state-owned companies publicly, yet that was what then petroleum and natural gas minister Dharmendra Pradhan did for ONGC. Speaking at an event on June 29, Pradhan said he has asked India's premier exploration company to find fresh oil acreages fast. "Do it yourself through some joint venture (or) through a new business model. But the government cannot permit you to hold resources for an indefinite time." The reason for this stricture is India's rising dependence on imported oil and gas. Or, to put it another way, falling domestic production (see chart: "Crude truth"), especially from ONGC, which faces a simple problem.
Government support to Budget 2011-12 - or, gross budgetary support (GBS) - is likely to rise by 18 per cent over last year, taking Planning Commission estimates made at the beginning of the 11th Plan (2007-12). With those estimates, the government has with it resources worth Rs 3.73 lakh crore to fund the Budget for the last year of the Plan.
The Hindutva social media continues to present the DMK especially as anti-god, anti-Hindu and anti-Brahmin. The strategy did not work in the past, it has not worked in the present, and would not work in the future, as a massive vote-getter, asserts N Sathiya Moorthy.
According to sources, the postal bank will tie up with other banks and financial companies to offer products like loans, mutual funds, and insurance policies to its customers.
HR Guru Mayank Rautela offers practical advice.
Pantaloon Retail Ltd, the country's largest retail company, and Future Value Retail Ltd, recently carved out from Pantaloon as a 100 per cent subsidiary, plan to issue non-convertible debentures worth Rs 750 crore in the next three-four months, according to sources.
India Inc's investment project announcement falls to Rs 11.3 trillion. In the coming months, the pace of investments would depend on how soon consumption demand picks up and private sector investment ramps up investment in infrastructure.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
The Department of Posts was one of the 11 entities to get the in-principle nod from the Reserve Bank of India in 2015 for setting up a payments bank.
Chhattisgarh's capital creates a caring environment for elderly people living in the city.
Mining companies will now have to cap mining activities in Goa.
'Google and Facebook need to be tamed, their garb of 'Investing in India's future' need to be pulled off,' observes Vibhu Arya.
The first Gaganyaan flight scheduled for 2022 will carry three astronauts, who will be picked from among the test pilots in the armed forces.
Minister of state for defence, Rao Inderjit Singh, on Thursday asked the armed forces to "prioritise" their requirements in the view of the limited budget and also spend the allocated money efficiently.
Niti Aayog vice-chairman Rajiv Kumar said that the two major constraints being faced by the investors are less availability of finance and high interest rates.
Demonetisation is the biggest reason for the rise in preference for small savings.
Tax incentives are given to encourage savings / investments. Savings form part of your overall financial plan which in effect means tax planning is a subset of financial planning. Your financial plan will set objectives for you based on your aspirations, your life style, your age group, size of family, et cetera.
Indian Railways may not be privatised, says Prime Minister Narendra Modi.
