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Foreign investment cap in insurance sector raised to 49 per cent.
Govt looking for common ground on GST; hopes to pass it soon.
'Space out when raising funds; Sebi mulls securitisation platform'
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
Sensex up just 6.5% while the best returns were during Manmohan Singh, with the Sensex soaring nearly 167.5%.
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
A culture of science and innovation must be embedded in society wherein people not only use new technology but understand it as well. Without this, obscurantism and blind faith can sit side by side with digital technology and, in fact, use the same technology to reinforce their hold on people, says Shram Saran.
Gandhi accused Prime Minister Narendra Modi of being 'casteist' and 'anti-Dalit', and said his party will always stand against the BJP's 'oppressive' ideology.
In his final address, the president said that the soul of India resided in "pluralism and tolerance.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
In efforts to move towards a cashless society, the Reserve Bank on Wednesday said it will come out with a concept paper on promoting electronic payments, especially in smaller towns, by November-end.
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
India's economy grew at 7.6 per cent in 2015-16.
While people have paid the price for the disruption it caused, now is the time to reap its benefits, says T N Ninan.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
The success of the government will depend substantially on the quality of its team of key ministers, officials and advisors
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
'If we don't want to be the poorest large economy even in 2030, we need to be doing very much more than is being attempted.'
Prime Minister Narendra Modi on Friday said his government has within 100 days in office steered the economy out of a "difficult situation" and brought stability, and promised to remove roadblocks to foreign investment.
'India is the only country whose economy is strong and growing fast.'
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
If the country is to meet its jobs and income challenge, there has to be a parallel focus on jobs in the formal sector.
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According to the survey which drew responses from existing banks, NBFCs, corporate and industrial houses and other stakeholders, the setting up of new banks is considered significant in view of the fact that only 35 per cent of the country's population have formal bank accounts as compared to an average of 41 per cent in other developing economies.
Lower interest rate, lower stamp duty and higher chances of loan application being accepted give women an edge over men when fulfilling purchase of their dream home
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
The Analysis lists a number of steps taken by the government that have contributed to both positive short-term outcomes, such as lower food inflation, and the capacity for more equitable growth, through financial inclusion.
A report card titled '10 Years of Progress and Growth' highlighting achievements of the government led by Prime Minister Manmohan Singh on Friday said 'average GDP growth rate during the period of UPA government (2004-05 to 2013-14) has been 7.7 per cent despite two global slowdown in this period'.
The Direct Benefit Transfer for LPG scheme was rolled out in 291 districts from June 1, 2013 in six phases to do away with the practice of selling the fuel at below cost rates.
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The NPAs of banks stood at over Rs 3 lakh crore as on December 2014.
The government must be the initial driver.
One out of every two Indians would have Aadhaar number by the middle of 2014, UIDAI Chairman Nandan Nilekani has said as he underlined the unique attributes of the identification system that will lead to public sector reform and governance transformation.
More than 127 million new bank accounts have been opened.
All Jan Dhan bank accounts should be linked to Aadhaar, Prime Minister Narendra Modi said on Saturday while asking bankers to speed up this process and redouble efforts on financial literacy.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Thanks to Rajan we are an inflation-targeting country now
'The government is encouraging consumption through fiscal spending in a bid to push up economic growth in the face of a slowdown in corporate investment and exports.'
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
The progress of the GST Bill in Parliament is also likely to remain in focus
It's unfair, isn't it? That good borrowers are not rewarded for their discipline and are forced to subsidise indisciplined borrowers who may pose higher credit risk...
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