"There has been one meeting (on this). It is a matter of setting up the governance structures. Now ball is in the court of the Indian side to finalise the governance of the setting up of the fund. We are ready for it," the UAE ambassador Dr Ahmed Al Banna said.
In August, RBI allowed 11 business houses to start a payments bank.
Barack Obama and Raul Castro vowed to set aside their differences in pursuit of what the US president called a "new day" for the relationship between the neighbours.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
'Unless we start making the products we need, we cannot become a developed country or call ourselves an economic power.'
A Delhi high court judge on Friday recused himself from hearing the plea of Congress president Sonia Gandhi's close aide Vincent George against a trial court order summoning him as an accused in a disproportionate assets case.
The three hour long meeting was attended by Secretaries of departments of Revenue, Expenditure, Financial services and Disinvestment.
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This means individuals like Vikram Pandit, former Citibank chief, can be a promoter only if he comes back to the country permanently.
A Delhi court on Friday framed charges against five persons, including three former naval officers and an ex-IAF Wing Commander, in the 2006 Naval War Room leak case.
The Diaspora is no longer a mere remittance economy. It today claims dual loyalty and demands a say in Indian politics, says sociologist Shiv Visvanathan
Unbanked customers can expect easier access to banking.
Many anticipate that by the 2021 assembly elections in West Bengal, the BJP may come to power, says Mohammad Sajjad.
Questioning the bullet train in view of the investment needed in Indian Railways is similar to saying that India needed to invest in primary education rather than in IITs, says Shreekant Sambrani.
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
The government has to take a call on reducing or retaining the excise rate.
Emission norms for automobile industry should be tightened.
ICICI Bank has 317 branches in hitherto unbanked villages.
Education inflation abroad is high and the depreciation of the rupee can also set you back, says Vishal Dhawan
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
North Korea warns the US that it will soon 'suffer the greatest pain it ever experienced in its history'. Rajaram Panda looks at the latest twist in the North Korean crisis.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.
The really disturbing numbers relate to inequality.
The government had in October 2007 set a sale price of $4.20 per million British thermal unit based on the price discovered by RIL from key customers.
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
India will host the FIFA Under-17 World Cup football in 2017 with the world governing body awarding the right to host the prestigious tournament to the country in its executive committee meeting in Salvador da Bahia in Brazil.
Countries with abundant resources are faring worse in terms of development than those with less.
The Enforcement Directorate has filed a fresh charge sheet, delving specifically into the role of British national and alleged middleman Christian Michel James and his few Indian associates, in connection with its money laundering probe in the Rs 3,600 crore VVIP chopper deal.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
He added that the risks can increase if the Chinese slowdown gathers more speed.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
"For my government, engagement with the India community abroad has been a key priority," he said.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
India said it firmly believes that a peaceful and secure neighbourhood will yield "rich dividends" for SAARC nations.
The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.
India's real GDP growth is set to exceed 7 per cent for CY-2015.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Move comes after the country's monetary authority tightened credit norms
