Gold monetisation: Deposits above threshold to attract penalties
Fri, Sep 25, 2015

Gold above prescribed threshold ‘need not be seized by tax authorities, but the tax penalties, as applicable will be levied’: FinMin.

India likely to raise tax evasion issue at UN meet
Wed, Sep 23, 2015

Prime Minister Narendra Modi is scheduled to attend the UN Sustainable Development Summit as part of his second visit to the United States.

Gujarat to review policies on tax, new business set up
Tue, Sep 22, 2015

Gujarat had received overall top ranking in the report by the World Bank and the Department of Industrial Policy and Promotion that was released last week and had implemented 71.14 per cent of all business reforms.

EMC to table report by September end
Sat, Sep 19, 2015

The first one is due very soon while the other two will be submitted by January,” said a person familiar with the development, adding that its recommendations would be included in the Union Budget 2016-17.

Mis-selling of financial products: A safety net in the works
Fri, Sep 18, 2015

A government-appointed panel has suggested full disclosure of risks in an easy language, nominal surrender costs for products and flexible exit options.

LabourMin plans health & occupational safety regulator for factories
Fri, Sep 18, 2015

Soon after taking office, the NDA government had begun reviewing the Independence-era Factories Act, 1948 and had introduced the Factories (Amendment) Bill, 2014 in Parliament in August last year.

Falling prices due to global commodity slump is not deflation: Pronab Sen
Wed, Sep 16, 2015

Pronab Sen said that the divergence between WPI and retail inflation would gradually equalise.

Financial Reforms: Debt management agency on the backburner, unlikely this fiscal
Tue, Sep 15, 2015

The proposal to set up an independent debt management agency has been announced by successive finance ministers and it was taken up by finance minister Arun Jaitley in this year’s Union Budget in February.

Centre calls on vendors to discuss technicalities
Sun, Sep 13, 2015

September 18 meeting will focus on cost, specification and security issues

New rules open doors for start-ups, venture, infra funds
Fri, Sep 11, 2015

The NPS for the unorganised sector has assets under management of Rs 684.23 crore while the corporate sector NPS has a corpus of Rs 6,860 crore as on August 31, 2015.

India Inc petitions govt: From land laws to levy, ease it all
Tue, Sep 08, 2015

Corporates along with CII, Ficci and PHD Chambers have made recommendations to improve ease of doing business in India.

EPFO trustees to review low-cost housing plan
Tue, Sep 08, 2015

At present, subscribers with less than 12 months of services are eligible to a maximum sum of Rs 1.2 lakh.

CSO working on overhaul of macro-economic indices
Tue, Sep 08, 2015

About 450 items would be included in the IIP basket as against 399 in the current series and data from at least eight factories per item would be collected to ensure lesser volatility.

Minimum wage not in sync with turf realities
Thu, Sep 03, 2015

According to the formula, the per day expenditure of such workers is estimated at Rs 211 per day or Rs 6,330 per month.

Bharat bandh: Violence, arrest, chaos; one-day strike a ‘grand success’
Wed, Sep 02, 2015

With Labour Minister Bandaru Dattatreya and Labour Secretary Shankar Agarwal away to attend the G-20 labour minister's conference, the labour ministry remained silent on the impact of the strike but trade unions leaders have termed it a “grand success”.

In absence of Plan Panel: FinMin advances its yojana for the budget
Tue, Sep 01, 2015

Significantly, the government has also finalised its team of key officials who would be responsible for the Union Budget 2016-17.

At 7 per cent growth, economic recovery still a way to go
Mon, Aug 31, 2015

While this is much higher than the 6.7 per cent growth clocked in the first quarter of 2014-15, it is muted compared to the 7.5 per cent growth in the January to March quarter of last fiscal.

Oil price slide likely to cushion shortfall from disinvestments
Fri, Aug 28, 2015

The finance ministry is banking on these savings to meet any shortfall in revenue from stake sales in public sector units that is necessary to meet the fiscal deficit target.

Q1 growth likely to be at 7.2-7.5%, miss expectations
Thu, Aug 27, 2015

Initial indications reveal that growth remains on the same footing as the last quarter, if not lower.

Child Labour Act: Reading between the lines
Tue, Aug 25, 2015

The proposed amendments that were cleared by the Union Cabinet in May this year seek to completely bar children less than 14 years from working in any sector, barring entertainment industry.

Atal Pension Yojana relaxations: Inclusion vs dilution debate
Tue, Aug 25, 2015

While the Pradhan Mantri Jeevan Jyoti Bima Yojana has 2.75 crore subscribers as of August 22, the Atal Pension Yojana, in stark contrast, has witnessed just 6.83 lakh members enrolling.

Minimum wages act: With eye on basic wage rate, Centre plans amendments
Mon, Aug 24, 2015

The objective is to ensure that a standard minimum wage rate exists for all kinds of occupations.

New database to keep track of claim duplications
Thu, Aug 20, 2015

Till now, the Pradhan Mantri Jeevan Jyoti Bima Yojana has received 1,184 claims while another 284 claims have been filed under the Pradhan Mantri Suraksha Bima Yojana.

PSBs don’t need to go to market in distress: Hasmukh Adhia
Wed, Aug 19, 2015

With the government announcing plans to infuse Rs 25,000 crore capital in public sector banks this fiscal, financial services secretary Hasmukh Adhia said this will allow them to tap the markets when their valuations are improved. In an interview, Adhia also said the finance ministry is working to strengthen fraud detection processes at PSBs. Excerpts: Are […]

The ‘Indradhanush’ plan: Private solutions for public banks
Tue, Aug 18, 2015

Accordingly, the finance ministry is now set to work with PSBs on a policy to recruit officers at the mid-level taking into account requirements of the lenders and expected vacancies.

Public sector banks with Private sector CEOs: Will it work?
Mon, Aug 17, 2015

The plan to hire laterally at the mid-level is partly fueled by the government’s wish to professionalise state run lenders and improve their efficiency.

No more hiring from pvt sector for top jobs
Mon, Aug 17, 2015

The government had last week roped in private sector professionals to run two of its largest banks — Bank of Baroda and Canara Bank.

Rising NPAs: Centre in talks with states to ensure discoms don’t default, says Adhia
Mon, Aug 17, 2015

Accordingly, the Centre is talking to state governments to ask them to take steps to improve the economic health of discoms, including giving them funds.

Credit information: Nod for loan may hinge on payment history of your utility, mobile bills
Fri, Aug 14, 2015

Efforts are on to expand credit history coverage to include payments of mobile, insurance and utility services bills that can be used for background checks.

Before Modi’s US visit, govt gives final shape to investor-friendly pact
Fri, Aug 14, 2015

The revised bilateral investment treaty seeks to exclude taxation steps, commercial contracts between domestic and foreign firms from arbitration but is likely to have many changes to make it more investor-friendly.

RBI breathes easy as CPI falls to 3.78 per cent
Wed, Aug 12, 2015

Retail inflation has halved over the 19 months from double digit levels, giving the RBI scope to ease policy rates to help boost growth.

BRICS bank: Govt starts recruitment process
Tue, Aug 11, 2015

The $ 100 billion NDB is promoted by BRICS nations —Brazil, Russia, India, China, and South Africa for investments in infrastructure in the five nation bloc.

Monetary policy framework to be flexible on inflation
Tue, Aug 11, 2015

The Centre and the RBI are working on the contours of the MPC that would be responsible for deciding on policy rates required to keep inflation under control.

NIYATAM: Aayog’s push to improve states’ efficiency
Sat, Aug 08, 2015

Will also work towards rationalising the number of state-level and Centrally-funded schemes.

For India to become competitive, simplifying labour laws is essential: Tomoko Nishimoto
Thu, Aug 06, 2015

Nishimoto who is on her first trip to India, said that the proposed amendments to the Child Labour Act need to be debated more.

India, US start talks on totalisation pact
Wed, Aug 05, 2015

Sources said official delegations from the two countries have met recently to discuss the totalisation pact that would allow citizens from the two countries to repatriate their social security savings when they return to their home country.