Indian Olympic Association President Narinder Batra today said that the country should aim to win 'double digit' medals at the Tokyo Olympics
Industry favours a hike in foreign direct investment cap, a single regulator for insurance and pension sector and long-term debt papers among other reform measures to boost growth in the insurance segment, a FICCI survey said on Tuesday.
A month ahead of the Budget, Minister of State for Law Ravi Shankar Prasad on Wednesday favoured "moderate" tax rates and further simplification of procedures while speeding up reforms to push up growth.
The $200 million Spic Fertilizers and Chemicals project at the Jebel Ali Free Zone in Dubai will go on stream in about a year as soon as gas supply to fire the facility is firmed up, the company's Chairman A C Muthiah has said.
Finance Minister Jaswant Singh said on Friday that the economy was too serious a matter to be budget-centric and a constant and year-long attention was required to ensure a higher growth.
Claiming political stability in the country now, Prime Minister Atal Bihari Vajpayee on Friday said he was confident that his government would be the first coalition to complete its five-year term at the Centre.
Life Insurance Corporation on Wednesday said its Varishtha Pension Bima scheme will continue next year also, but the interest rate and other terms and conditions will be decided by the government.
India on Wednesday asked for enhanced economic ties with Central and East European countries.
LIC will fall in line with the other private insurers in meeting the IRDA's stringent norms on solvency margin by providing an aggregate Rs 10,000 crore (Rs 100 billion) by the end of 2003-04.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Pressure has been mounting on the Reserve Bank of India to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum. However, the RBI will have to do a tightrope walk as globally interest rates are inching upwards.
I am very pleased with the first Budget of Jaswant Singh. Positive moves have far exceeded the negative ones. The impetus to the industry has been very high particularly in the infrastructure sector.
I would place this Budget on very high pedestal. Finance Minister Jaswant Singh has done a commendable job
Aam Aadmi Party swept the Delhi polls with 67 seats.
The RBI on Tuesday maintained status quo on interest rates, saying there have been no developments to warrant further easing since an unscheduled rate cut about a fortnight ago.
India is adopting a 'wait and watch' approach after the installation of the new government in Pakistan, the minister of state for external affairs told reporters in New Delhi.
'I am not saying we will get $10 billion from overseas Indians at the end of the Pravasi Diwas conference. We will get just a trickle but the interest will be generated,' says FICCI Secretary-General Amit Mitra.
USAID looks forward to working with each to make financial inclusion a long-lasting and sustainable reality in India.
'I suggest Rahul Bajaj come out in the open and give us his own white paper on the perceived sense of fear that he thinks haunts corporate India,' says Dr Sudhir Bisht.
Former Australian wicketkeeper-batsman Adam Gilchrist on Monday offerred his support behind Virat Kohli following India's heart-wrenching defeat against Pakistan in the Champions Trophy final, saying that the Indian captain, whose transition has been excellent in the recent years, should not be judged on the basis of performance in just one game.
Insurance industry is poised to double its business with premium income expected to be 3 per cent of gross domestic product in 4-5 years compared to 1.6 per cent now, the Insurance Regulatory and Development Authority said on Wednesday.\n\n\n\n
The country saw two straight years of deficient monsoons.
He said the Centre was determined to end cross-border terrorism.
Almost 53 per cent of the companies covered by the survey felt that high cost of credit was creating a problem for India Inc.
Welcoming the UK government's move to scrap the controversial 3,000-pound visa bond scheme, India Inc on Tuesday said this would further help in boosting trade and investments between the countries.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
India on Thursday expressed reservations over control of crit ical internet resources like allocation of domain names by a US contracted entity, saying this cannot really be reflective of the international character or community of internet users.
The Reserve Bank had kept policy rate unchanged in its review on April 7.
The queries can now be addressed to and their responses accessed from the makeinindia.com website that was unveiled along with the campaign aimed at making India a manufacturing hub by Modi at a mega event in New Delhi on Thursday.
We should not see a strong rupee as strength but target a fairly priced rupee for restoring our competitiveness, says Rashesh Shah.
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
The veteran director feels Hindi cinema has come a long way and is hopeful it will achieve greater heights.
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