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January 5, 2015 5:48 PM
Economist Arvind Panagariya has been appointed as the Vice Chairman of National Institution for Transforming India, NITI Aayog. Another economist, Bibek Debroy and former Defence Secretary V K Saraswat have been appointed as full-time members. The appointments were made by Prime Minister Narendra Mo...
January 4, 2015 2:52 PM
The Department of Industrial Policy and Promotion-led Make In India (MII) initiative has become the largest and fastest growing government initiative ever on digital platform. It is leaving behind every other government department like Ministry of External Affairs, Home Ministry and the Ministry of ...
January 4, 2015 2:52 PM
Government is looking at using the social media platforms, including Facebook and Twitter, in a big-way to generate interest in its disinvestments programme among investors. The Department of Disinvestments, DoD, in the Finance Ministry will hire an advertising or public relation agency for the purp...
January 4, 2015 12:10 PM
The Foreign Institutional Investment, FII, by the overseas investors stood at 2,100 crore rupees in the Indian equity markets in December last year. This was the lowest investment by FIIs in a single month since last February, when they had pumped in a net amount of 1,404 crore rupees. Market analys...
January 4, 2015 10:27 AM
Israel has stopped the transfer of taxes collected on behalf of the Palestinians to the Palestinian Authority Government. The step has come in retaliation against the move by the Palestinians to join the International Criminal Court in The Hague. Israel collects taxes for the Palestinians under the ...
January 4, 2015 8:12 AM
Reserve Bank of India, RBI, Governor Raghuram Rajan has said that bankers should not be hauled up for their bonafide mistakes and the Government needs to protect them to fast-track financial decision making. Addressing a two-day bankers' retreat in Pune Saturday, he said if officers are hau...
January 3, 2015 9:07 AM
The RBI has signed an information sharing agreement with US banking regulators for better coordination with them in supervising financial institutions. In a release, RBI said Friday that it has concluded an agreement on Supervisory Cooperation and Exchange of Supervisory Information with the Board o...
January 3, 2015 9:06 AM
Road Transport and Highways Ministry will launch a web portal for online approval of movement of Over Dimensional and Over Weight Cargo. An official release said, it would be a path breaking initiative to mark a new era for heavy transport in the country by ensuring digitalization in the sector. The...
January 3, 2015 8:31 AM
Union Finance Minister Arun Jaitley has said that India will match Chinese growth rate once the unbanked population comes under structured financial system. Addressing the 60th anniversary celebrations of ICICI Group in Mumbai, Mr. Jaitley said that the real challenge is to bring a further spurt in ...
January 3, 2015 8:30 AM
The Reserve Bank of India, RBI, has relaxed Know-Your-Customers - KYC rules for Non-Banking Financial Companies - NBFCs. In a notification issued from Mumbai Friday, RBI said that the rules have been eased due to practical difficulties and constraints in getting KYC documents at frequent intervals.R...
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