Till now, over Rs 55 crore of contributions from the fund have been allocated for construction of toilets in a number of states.
Another trade union leader said protests planned on Friday may lead to loss of output as “agitated workers are likely to rally against the stake sale
US President Barack Obama on Monday announced $1 billion dollar lending support to Indian small and medium enterprises through Overseas Private Investment Corporation.
Approvals are also in place for initial public offers in Hindustan Aeronautics Ltd and RINL.
The ministry of statistics and programme implementation carried out pilot preiodic labour force surveys between July 2011 and June 2013.
The first series of the index would be released on February 12 compiling the retail inflation data for January 2015.
The finance ministry had on Tuesday notified a 9.1 per cent interest rate for the scheme for 2014-15.
Plan expected to take into account declining global crude prices.
While no fresh PSUs can be added to the CPSE-ETF basket, official said that efforts are on to make it a more friendly product for retail investors.
The finance ministry and the RBI are understood to be finalising norms for international financial services centre.
Further scope for interest rate cuts dependent on success in meeting deficit targets.
PSUs were given a three-years time to comply with the norms last June.
Arvind Subramanian said economic dynamism in the medium run would turn to cooperative and competitive federalism between states.
Meanwhile, he also expressed hope that the proposed goods and services tax would be rolled out soon.
Interest rate is an important factor for a pick-up in investments.
Vibrant Gujarat | Dholera will be spread across a 920 sq km area
All government ministries are expected to send their proposals for supplementary demands by January 12 to the finance ministry.
Even as the Bharatiya Mazdoor Sangh (BMS) is perceived as the trade union wing of the Bharatiya Janata Party, union president Brij Nath Rai said it is a wrong perception.
RBI Governor had linked inflation to wages; this may set the stage for rate cuts.
Unions want PM to intervene, BMS to send one representative today.
The finance ministry has also planning a five per cent stake sale in DCIL this fiscal.
The radical recommendations have not gone down well with the department of expenditure in the Fin Min.
In the interim, state governments including Rajasthan and Madhya Pradesh have already gone ahead with an overhaul of state labour laws.
Collective deposit in accounts opened stands at Rs7,690 crore.
The period would also herald a possible shift in the Centre’s stance on fiscal consolidation.
The Press Information Bureau on Tuesday also launched a webpage to mark ‘Good Governance Day’.
Parties interested in the stake sales have to submit their proposals by January 9, 2015.
Workers may also be forced to save more for retirement with the labour ministry revising the definition of wage.
GST will convert the country into unified market, replacing most indirect taxes with one tax.
CBT’s proposal said it would deploy Rs 70,000 crore towards home loans.
India is all set to roll out the largest indirect tax reform since the introduction of the value-added tax in 2005.
Jaitley has also promised Rs 11,000 crore to states this fiscal as partial compensation for the phase-out of the central sales tax.
At present, states are given 32 per cent of Central taxes, in line with the recommendation of the Thirteenth Finance Commission.
Concerns mount over ability to meet over R60,000 cr target in FY15
Limited benefits: One account holder per family can avail health cover
Prime Minister Narendra Modi’s initiatives such as the Jan Dhan Scheme and Swachh Bharat Abhiyan must be followed up by second round intervention to make them beneficial.
Best of Express
Naseeruddin Shah’s memoir is a blisteringly honest account of his life and the foibles of the creative community.