The government said on Thursday that it will try to compensate states for the first three years for any loss of revenue they might suffer due to introduction of Value Added Tax regime next fiscal.
The construction cost index for December 2002 to May 2003 rose by 4.5 per cent primarily due to a steep hike in basic inputs, cement and steel, the Construction Industry Development Council said in its latest updates.
Jharkhand, Odisha and Rajasthan do not meet the criteria for being accorded the special category status, while such proposal from Bihar is under consideration, Parliament was informed on Thursday.
State governments want the Centre to direct the 14th Finance Commission to compensate states for implementing pay scales, to be recommended by the pay panel.
Rajan addressed a group of investors in Boston on Thursday.
This was at a meeting of the Financial Stability and Development Council, chaired by him. Chidambaram, set to resign on Friday to make way for his successor, called upon the regulators and the ministry to be ready and take necessary action.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
Similar flags were also unfurled at about 24 other places across the Vidarbha region.
App-based taxi aggregator Ola is in talks to raise fresh funding of up to $400 million.
As PM talks of lower lending rates, housing companies prepare to cash in.
Modi wanted to reap the Pradhan Mantri Kaushal Vikas's success in the 2019 election, but officials say blaming Rudy alone for its slow progress was unjust.
Speaking at the inauguration and laying of foundation schemes of various schemes, Modi said, Leh and Ladakh will also be benefited by this.
As against an annual average growth of 10-11 per cent envisaged for the industry during the period, the actual annual average growth stood at 7.2 per cent during the plan period.
Tour operators in Odisha are set to suffer losses as tourists and pilgrims have started cancelling their bookings to various destinations in north India following the devastating floods in Uttarakhand.
'Karpoori Thakur must be remembered by people today who are tired of witnessing fractious politics where corruption, bigotry, hatred and violence seems to have become distressingly recurrent,' says Mohammad Sajjad.
Monetary transmission has been an issue for the Indian banking sector.
According to a senior Planning Commission official, according to the new criteria evolved by members Abhijit Sen and Mihir Shah, henceforth BRGF amounts will be allocated on the basis of backward blocks and not just districts.
The finance minister has said that United Bank has managed to reduce its non-performing assets.
The finance ministry has put out a revised draft in public domain.
Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
Since 1950 successive governments have tried various options but failed to reduce alienation amongst the people, for different reasons, of Kashmir, Jammu and Ladakh. It is best to accept this reality and let each region charter its own path, within the framework of the Indian Constitution, says Sanjeev Nayyar.
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
Promising Central Bureau of Investigation probe into mining, chit fund and other scams in Odisha, Congress on Friday said it would review all MoUs signed by BJD government in the state in last 10 years, provide pucca houses to landless and allowance to unemployed youths if voted to power.
Congress General Secretary Digvijay Singh on Thursday said Shashi Tharoor, who was eased out as party spokesman for praising Prime Minister Narendra Modi, still enjoys a high-level of confidence among the partymen.
Prasanna D Zore/Rediff.com reports from the Google For India event in New Delhi.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
Economy improving but long way to full recovery, says FSDC.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
What Shekhar Gupta would have really liked to know from Pranabda: Why did Sonia prefer Dr Singh to him as PM? Why did he deny finance first, why did he accept it 5 years later, and why did he make such a mess of it? How did he force Sonia to nominate him for President and not Hamid Ansari? And how does he justify that most toxic legacy -- the Vodafone tax amendment?
On May 16, the leads will start trickling in from morning but the final result is likely to come only after 3.30 pm, beyond trading time for the equities segment in India.
Manmohan Singh, reveals the former President, was keen that either P Chidambaram or Montek Singh Ahluwalia be the finance minister.
Rohit Nandan, secretary, ministry of skill development and entrepreneurship, talks to Anjuli Bhargava.
India needs a place where all regulators could gather and function as in a war room.
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Stating that there are strong inter-linkages between banks, NBFCs and other deposit-taking entities, he said for monetary policy to be effective and financial markets to remain stable, they should be regulated by the central bank.
With the United Progressive Alliance government likely to announce a separate Telangana state on Tuesday, the call for carving out Vidarbha state out of Maharashtra has started gaining heat.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
There were reports that some Commission officials were against the Rajan panel's suggestion to replace Gadgil- Mukherjee formula with Rajan Committee's Multi Dimensial Index for allocation funds to states.
Ladakh's picturesque Pangong Tso lake is under threat from tourists who care less for the fragile environment and the Ladakhi culture
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