Robert Holleyman said India should work fast towards tapping its vast untapped potential as its domestic market for ICT products is worth about $65 billion, while the global market is $2 trillion.
Representing a consortium of 17 banks led by SBI, the AG said that Mallya was accountable to the public money and that actions should be taken against him for not coming out clean despite the court order to give truth details of all his assets.
Minister of State for Commerce Nirmala Sitharaman said in Lok Sabha that a proposal has been mooted to amend the Tea (Marketing) Control Order 2003 so as to define mini and micro factories.
The apex court, after noting the submissions by Attorney General, issued a notice to Mallya and asked him to respond within four weeks on the plea of consortium of banks.
In August last year, ED had moved the Interpol for a red corner notice against Modi but the international police body is yet to take a decision on the case.
Apart from DigiLocker, ICICI Bank operates digital locker services under the e-Locker brand, and Gurgaon-based Next Gen Papers Solutions Pvt. Ltd operates its document management services under the Kleeto brand.
The appellate body of the World Trade Organization (WTO) is expected to give its verdict on an appeal by India in its solar mission dispute with the US by September, a senior government official said. India had in April appealed against a WTO panel’s ruling that the country’s power purchase agreements with solar firms are […]
Bhargava asserted that cars contributed only 2.2 per cent of the overall air pollution in Delhi as per the scientifically collected data analysed by the IIT Kanpur.
DoP has been refused permission by Controller General of Accounts to open a current account, which in any case would have allowed electronic payment.
In the early 1990s, new brands entered the market and disrupted the status quo of the old war horses, who could either change their tune or bow out.
The Foreign Investment Promotion Board, headed by Economic Affairs Secretary Shaktikanta Das will also look into other proposals like Oxigen Services, Baxter India and Sanofi-Synthelabo.
According to data provided by the defence ministry, only five deals of more than `2,500 crore have been signed since May 2014
In the 1990s, the glass-and-steel tower transformed the skyline. But how have our cities fared in the age of soaring ambition?
The G20 meet in Chengdu would expect Britain's newly-appointed finance minister Philip Hammond to discuss on keeping up economic growth in the country post-Brexit.
There was an attempted cyber incidence in USD Nostro Account of the bank and the money trail was promptly traced and movement of funds was blocked, says Union Bank informed the stock exchanges
We expect all banks to become part of UPI by March 2017, says CEO of National Payment Corporation of India, AP Hota.
As the economy is growing, increasing corporate frauds will prove to be disastrous for India," the Assocham-Grant Thornton paper warned.
The asset quality of PSBs is under pressure because they continue to recognise non-performing loans (NPLs) from the larger leveraged corporates, especially in the steel and power sectors.
7th Pay Commission: The Union Cabinet had last month accepted almost all the recommendations of the pay panel.
The CEZs have been envisaged to tap synergies with the planned industrial corridors like Vizag Chennai Industrial Corridor and Delhi Mumbai Industrial Corridor.
The government is also working on removal of bottlenecks in rail-road connectivity to the major ports, introduction of container tracking system at Jawaharlal Nehru Port on pilot basis, Gadkari said.
Gopinath had served as a member of the Eminent Persons Advisory Group on G20 matters for the finance ministry.
The SIT has also asked the Reserve Bank of India to immediately develop an institutional mechanism and information technology system to red flag cases where exports have been outstanding in violation of FEMA norms.
While labour ministry officials said the intention is to provide a widespread coverage for minimum wage for all types of workers, industry groups called for a gradual increase in the minimum wage.
Labour Minister Bandaru Dattatreya indicated earlier that EPFO will enhance the proportion of its investments in ETFs which will eventually be increased to 12 per cent of yearly investible deposits.
It has also pressed for introduction of Public Utilities Dispute Resolution Bill in Parliament besides implementation of Kelkar Committee report.
The increase comes despite a pipeline leak that shipping and trade sources said prompted a brief suspension of loadings at two of the southern terminals.
Debroy was of the view that almost half of the increase in urbanisation between 2001 and 2011, is in census towns, which raises governance problems of their own.
The panel headed by Niti Aayog member Bibek Debroy has prepared a detailed note on the history, need, legal provisions for and the way forward in India’s search for an alternative budgeting cycle. T
The CCEA also cleared the proposal of Ambuja Cements to acquire 24 per cent stake in its holding firm Holcim India, a move that will allow its parent Swiss giant LafargeHolcim to strengthen its India footprint.
Money mule is a term used to describe victims who are duped by fraudsters into laundering illegal money via their bank accounts.
The air service operators have been told to submit their bids by August 27, while the bids will be opened on August 29.
The Sovereign Gold Bond scheme offers an alternative to holding gold in physical form.
The South Eastern Railways have announced two trains to run from Santranganchi to Mumbai and back, on two days, to meet the festival rush.
Government agencies in collaboration with private players are introducing new technologies to counter bottlenecks in free, fast as well as safe movement of cargo at domestic ports.
Former telecom minister Ravi Shankar Prasad had said on prior occasions that in 2004, BSNL was incurring profits of around Rs 10,000 crore and MTNL Rs 900 crore.