More work needed to control inflation: Nirmala Sitharaman

Commerce and Industry Minister, Nirmala Sitharaman said that inflation is a challenge for the government and there is need to do more work to control it . She said the government is committed to do every thing to augment the supply of essential commodities in the market. On slow down in industrial p...

Industrial production growth rate slows to 3.4 per cent in June

Showing signs of sluggishness in the economy, growth rate of industrial production slowed to 3.4 per cent in June, as against 5 per cent in May, mainly due to lower output of consumer goods. However, the factory output number has remained in the positive territory for the third month in a row mainly...

Parl gives seal of approval to Securities Laws (Amendment) Bill, 2014

India's reserves to act as buffer if global markets turn volatile: RBI Gov

RBI Governor Raghuram Rajan has expressed confidence that India's forex reserves and strong macroeconomic fundamentals will act as buffer, if global financial markets turn volatile. He said in Mumbai that the government has done enough in terms of strengthening the macroeconomic fundamental...

India's reserves to act as buffer if global markets turn volatile: RBI Gov

RBI Governor Raghuram Rajan has expressed confidence that India's forex reserves and strong macroeconomic fundamentals will act as buffer, if global financial markets turn volatile. He said in Mumbai that the government has done enough in terms of strengthening the macroeconomic fundamental...

SEBI issues norms to share KYC details with financial regulators

The Securities and Exchange Board of India (SEBI) has notified norms to allow sharing of Know-your-Client details with entities regulated by other financial sector watchdogs to facilitate a common KYC system for the entire financial sector. So far, the facility of sharing of KYC information was avai...

Crony capitalism hampers economic growth: Raghuram Rajan

RBI Governor Raghuram Rajan has came out strongly against crony capitalism, saying it kills transparency and competition and hence is harmful to free enterprise, opportunity and economic growth. He said, crony capitalism, where the rich and the influential are alleged to have received land, natural ...

Police arrest 7 more defaulters in NSEL scam

Mumbai Police has arrested seven more defaulters in connection with the 5,600 crore rupees NSEL scam. They are Kailash Agarwal of Ark Imports, Prashant Borugu of Metcor Alloys, Narayan Rao of NCS Sugars, BVH Prasad of Juggernaut Projects, Varun Gupta and Chandra Mohan Singhal of Vimla Devi Agrotech ...

Crony capitalism harmful to economic growth: Raghuram Rajan

RBI Governor Raghuram Rajan has came out strongly against crony capitalism, saying it kills transparency and competition and hence is harmful to free enterprise, opportunity and economic growth. He said, crony capitalism, where the rich and the influential are alleged to have received land, natural ...

SEBI notifies norms for sharing KYC details with financial watchdogs

To facilitate a common KYC system for the entire financial sector, the Securities and Exchange Board of India (SEBI) on Monday notified norms that will allow sharing of Know-your-Client details with entities regulated by other financial sector watchdogs.So far, the facility of sharing of KYC informa...