FDI in India swells 38%, but falls 16% globally: Nirmala Sitharaman

Foreign direct investment in India is growing at 38 per cent even as it has witnessed a decline of 16 per cent at the global level. Union Commerce and Industry Minister Nirmala Sitharaman said this while addressing the 'Invest Karnataka 2016' global investors meet in Bengaluru yest...

FDI in India swells 38%, but falls 16% globally: Nirmala Sitharaman

Foreign direct investment in India is growing at 38 per cent even as it has witnessed a decline of 16 per cent at the global level. Union Commerce and Industry Minister Nirmala Sitharaman said this while addressing the 'Invest Karnataka 2016' global investors meet in Bengaluru yest...

PFRDA to allow online exit from NPS scheme from April 1

Pension Fund Regulatory and Development Authority (PFRDA) will allow online exit of subscribers from National Pension System from 1st of April this year. Speaking at a pension conclave in New Delhi today, PFRDA Chairman Hemant G Contractor said the regulator is constantly striving to improve the ris...

SEBI forms task force to review risk management norms for commexes

Capital market regulator Sebi has set up a task force to review the risk management norms for national-level commodity bourses following the suspension of futures trading for castor seed on NCDEX. A source said that after recent developments witnessed in castor seed futures contracts, Sebi has estab...

Govt to infuse about Rs 5,000 cr in PSU banks this quarter

The Government will infuse about 5,000 crore rupees capital in the public sector banks in the current fiscal to strengthen their balance sheet. Financial Services Secretary Anjuly Chib Duggal today said this on the sidelines of a function in New Delhi. Last year, the government had announced a revam...

Saroj Kumar Jha appointed as Senior Director in World Bank

Saroj Kumar Jha has been appointed to a key position in the World Bank. Jha assumed the position of Senior Director for the Fragility, Conflict and Violence Group at the World Bank. He has to work across the Bank Group and in close collaboration with partners. Jha is an alumnus of Indian Institute o...

Govt sets up two panels to ensure consistency in tax policies

Government has set up two new committees namely Tax Policy Research Unit (TPRU) and Tax Policy Council ( TPC ) to streamline the taxation policy and administration. The TPRU to be headed by Revenue Secretary will carry out studies on various topics of fiscal and tax policies. The Research Unit will ...

RBI keeps key rates unchanged; Reforms in budget to create space for rate cut, says Rajan

WhatsApp crosses one billion user milestone globally

Mobile messaging app WhatsApp said it has crossed the one billion user milestone globally. In last five months 100 million new users joined WhatsApp. In February 2014, WhatsApp was acquired by social networking site Facebook for 19 billion dollars.In a post on Facebook, WhatsApp co-founder Jan Koum ...

RBI keeps key rates unchanged; Reforms in budget to create space for rate cut, says Rajan