The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
'I was not scared because I knew I had not done anything wrong. And I was walking for a good cause.'
Terms it financial inclusion, says top execs not members.
The Centre has announced an extension for two more weeks in the nationwide lockdown. However, several relaxations will be allowed as per zones.
The government has made it much harder for tycoons to get special dispensations from Delhi
To curb the black money problem, Jaitley said that India would be entering into bilateral pacts with Switzerland and other countries for automatic exchange of tax information.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
The Income Tax Act empowers the CBDT to capture information in respect of payments to non-residents, whether taxable or not
US President Barack Obama on Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.
ED has come across two immovable assets - one flat in Dubai and one land parcel in London. It is examining the valuation of both properties, estimated between Rs 150 crore and Rs 200 crore.
India-born Vikram Pandit led world's biggest bank Citigroup is planning to overhaul its bonus system, aimed to increase co-operation and minimise in-fighting among disparate parts of the conglomerate, a media report said.
There are many life lessons to be learnt from the way Sharad Pawar handled the Maharashtra political crisis.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
ADB has often expressed its interest in promoting sub-regional integration in South Asia and perhaps could be involved as a facilitator.
'We expect a pick-up in the second half of the current fiscal. But before that, data is likely to show a further slowdown. The second quarter print is likely to be worse than the first quarter,' said a senior official.
Under the CECA, signed between India and Singapore in June 2005, Singapore has committed to award three qualified full bank (QFB) licences to three Indian banks while India had agreed to give three Singaporean banks free access to the Indian banking
'Post Independence, it is for the first time that people have Rs 500 in their pocket, but the family is sleeping without food.'
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
The farming community expects much more substance from the government, Ajay Vir Jakhar.
Billionaire industrialist Anil Ambani on Monday said business leaders from India and China should enhance Rupee-RMB-Dollar trade for furthering co-operation between the two nations.
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
The Swiss authorities have never considered tax evasion a reason for breaking banking secrecy on an account; what they have acknowledged now is that they will cooperate in cases of tax fraud, which has a tighter definition.
Some sections within the government feel that it is possible to treat them as separate entities as is done in case of World Bank and its private investment arm -- the International Finance Corporation. However, RBI is of the view that there cannot be a one-off approval and Temasek and GIC cannot be considered as separate entities as they belong to the same government -- the government of Singapore.
Fugitive Diamantaire Mehul Choksi who is held in Dominica after his mysterious disappearance from Antigua and Barbuda has alleged that his "friend" Barbara Jabarica was instrumental in his abduction which involved musclemen claiming to be Antiguan Police and mercenaries looking like Indians. The police have started the investigation after receiving a complaint from Choksi, Antigua Prime Minister Gaston Browne said.
Did you know that women can avail for a loan of upto Rs 20 crores to set up a manufacturing business?
Rediff.com's A Ganesh Nadar journeys through villages and towns, districts and cities for a reality check.
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'India is doing better than when we took office 17 months ago'.
'During my visit to Japan and after meeting with Prime Minister (Shinzo) Abe, I gladly recall that in our joint declaration we mentioned Asia-Africa growth corridor and proposed further conversation with our brothers and sisters of Africa,' Prime Minister Modi said.
India has been maintaining that Pakistan extends regular support to terror groups like Lashkar-e-Taiba, Jaish-e-Mohammad and Hizbul Mujahideen, whose prime target is India, and has urged FATF to take action against Islamabad.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
China's economy is in transition, with rising wage costs and massive overcapacity.
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
The people of the nation co-operated and patiently waited for the government's promised "ache din", and now they want their just rewards, says Adhil Shetty.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
Elaborating on America and India's scope of engagement, Kerry said he has seen first-hand the transformation in Indo-US relationship as well as the ups and downs in the relationship. Kerry says the world's oldest and largest democracy were "finally beginning to captalise on our connections to each other." Sheela Bhatt/Rediff.com reports after the media interaction with the US secretary of state.
Diversified business house Trident Group would become the first corporate to use Aadhaar Payment Bridge (APB) for disbursal of salaries to its employees.
Parth Gupta quit a good corporate job to work for the welfare of farmers in rural Madhya Pradesh.
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