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.
Ahmedabad, Delhi and Mumbai, which together make up 65% of national volumes, post decline in turnover in 2nd half of 2015.
A social stock exchange, broadly, is understood to be a platform that allows investors to buy shares, bonds or units in a social enterprise that has been vetted by the exchange. These allow firms operating in sectors such as health, environment and transportation to raise risk capital.
Olympic Association is yet to get an official confirmation about shooting being scrapped from the programme of 2022 Commonwealth Games but said it will ask the organisers to reconsider its decision.
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
Archana Ramanan, a homemaker from Tamil Nadu, tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.
With GDP growth improving to a nine-quarter high of 5.7 per cent and the stock market brimming with optimism, now is the time for Modi to keep his promises.
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.
Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.
India is on its way to become a mobile app-first market and e-tailers and start-ups have begun their race to capture the next set of users in India - those who access vernacular content.
'Nationalism built on divisiveness cannot strengthen the country, or help the economy improve its performance,' points out T N Ninan.
The scrutiny is expected to be over this month itself.
Nandan Nilekani talks about moving towards a cashless economy and freedom of Internet, among others
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Without directly referring to the farmers' agitation, which entered the 17th day on Saturday, Modi said agriculture reforms as part of government efforts are aimed at removing roadblocks, and the new laws will also bring in technology and investment in the sector.
While payments banks surely lose money, their operating ratios were looking better in 2017-18 compared to the year before. This implies that as customer volumes start picking up, the business models may perk up too, says R Jagannathan.
World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
The raids, taking place mainly in South India, was termed by the NIA as the 'largest ever' investigation process 'till date'.
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
Pushpal Shinde now earns some Rs 50,000 a month.
With India joining the project, it would be called TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline.
55 million people already in the social security net
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.
The vertical will be based out of Bengaluru.
'Instead of writing NAM's obituary, India should reinvent it,' suggests Dr Rup Narayan Das.
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
'If the third wave of Covid infections is as bad as the second one, the market may get very polarised with a preference for blue-chips with low volatility.'
The IMF chief listed three key policy areas for women's empowerment as the education, getting a job and having a family.
Chief ministers of states like Andhra Pradesh, Kerala and Karnataka were among those who raised the issue of loan waver scheme for farmers.
Trinamool Congress supremo Mamata Banerjee on Wednesday unveiled a 'development-oriented' manifesto for the upcoming assembly polls in West Bengal, promising an income scheme for all families, a student credit card and constitution of a task force to examine the inclusion of several communities under the OBC category.
GPS devices will enable real-time money transactions
The foreign ministers of the Quad grouping of India, the US, Australia and Japan on Friday held extensive talks in Melbourne amid escalating tension between Russia and NATO countries over Ukraine, the Afghan crisis and increasing concerns over China's "coercion" in the Indo-Pacific region.
The five-nation grouping BRICS on Tuesday resolved to combat terrorism in all its forms and manifestations, including the cross-border movement of terrorists, and vowed to step up joint efforts in building support for an India-backed global framework to effectively deal with the menace.
Here's the full text of address to the nation by President Droupadi Murmu on the eve of the Republic Day 2023.
Citing the massive surge in Omicron infections and the resultant impact on overall economic activities in the March quarter, Swiss brokerage UBS Securities has revised downwards its India's growth forecast for the current financial year to 9.1 per cent from 9.5 per cent earlier. However, UBS Securities does not see the third wave impact extending to the next financial year as it has revised upwards its real GDP forecast to 8.2 per cent, up from 7.7 per cent earlier, expecting the real GDP growth to remain well above the historical average. The World Bank pegs it at 8.3 per cent, unchanged from its June assessment, saying the recovery is not broad-based yet.
In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.
The time is ripe to extend the confrontation with the Chinese to the maritime domain, says former RA&W officer Krishan Varma.
On his PIL, the SC had in 2013 directed the Centre and the states to set up a Civil Services Board to decide on transfers of officers.
