According to the IMF, India's external sector position in 2015-16 is broadly consistent with medium-term fundamentals and desirable policy settings.
Credit from SCBs to small farmers less than 6% of ANBC as of March 2015.
IAS officers presently get a two-year edge over other services for getting empanelled to come on deputation at the Centre.
The former governor D Subbarao in his memoir doubted the efficacy of inflation targeting citing lack of global experience.
Indian economy grew 7.9 per cent in March quarter and recorded a five-year high growth rate of 7.6 per cent for the 2015-16 fiscal on robust manufacturing growth.
Two government sources said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates.
GST Bill: The crucial revenue neutral rate (RNR) of taxation as well as capping of the GST rate in the Bill did not find favour with many states during a meeting of the Empowered Committee of State Finance Ministers.
According to the global financial services major, normal rains are pushing up sowing and river waters would douse agricultural inflation (agflation) going forward.
There are bound to be differences between the government and the RBI especially in a country like ours, says D Subbarao
According to data accessed by The Indian Express, Hathway Cable& Datacom has allegedly evaded duty on over 65 lakh set top boxes.
The level is neither too low nor too high to be considered for a review, may be left unchanged.
GST Bill: India Inc said that the issues being raised by Congress are purely political and that they should reconsider their stand in the broader national interest.
The RBI is likely to maintain status quo in the monetary policy meeting scheduled in August and most probably defer any decision to change the repo rates.
According to Bank of America-Merrill Lynch, normal rains are pushing up sowing, and river waters would douse agricultural inflation going forward.
Once the notification is issued, central government employees could get the revised pay from their August salaries.
Arun Jaitley said India did not have the 'intellectual honesty' to admit that the previous economic model was at least 'partly fraud'.
Despite the recent slowdown, e-commerce tops the projected average salary hike list, with 15.6 per cent. Life sciences is ranked second at 11.8 per cent, followed by media and entertainment (11.3 per cent).
The IMF warned there is a risk that emerging economies do not reduce vulnerabilities and rebuild buffers sufficiently.
Dr Manmohan Singh on his experiences of undertaking the crucial reforms that opened up the economy in 1991, and the 1991-92 budgets that he presented as finance minister.
"Few countries have grown so fast for so long with such limited results in terms of widely-shared improvements in the quality of life," said Jean Dreze.
"We have no problem in passage of the law provided our concerns are addressed, the problem is that the government talks of opposition support but never comes with anything concrete," said Scindia
With regards to digital technologies and its impact on job security, nearly half (49 per cent) believe their job is at risk due to the change introduced by emerging technologies.
The government has maintained no questions would be asked about the source of the undisclosed income or assets if the declaration is made voluntarily by September 30.
Stating that people have been jailed in the past for evading taxes, he said the government should not be forced to resort to the same after September 30.
The states fear that the GST would abolish a lot of taxes and that the apex court should lay down laws related to their authority to impose taxes.
Macroeconomic fundamentals are strong, says Jaitley
There are around 70,000 cases are pending in Debt Recovery Tribunals involving more than Rs 5 lakh crore.
Along with the BJP’s 53 MPs, those who support the Bill account for over 55 per cent of the currently 243-member strong Upper House — two seats are vacant.
Jaitley said the structural problems of Emerging Markets and Developing Economies (EMDEs) continue to affect their growth.
Tax dept to ask concerned persons to provide PAN numbers against the deals.
As part of the scrutiny, I-T department will initially issue 7 lakh letters to those who have indulged in such transactions seeking their details.
According to sources in the Congress, Arun Jaitley and Ananth Kumar are learnt to have met Congress leaders Ghulam Nabi Azad, P Chidambaram and Anand Sharma on Wednesday.
The Cabinet also approved signing of Air Services Agreement between India and Mozambique to promote air connectivity between the two countries.
The initiative was launched in September 2014 with an aim to promote India as an important investment destination and a global hub for manufacturing, design and innovation.
The financial services major said that on the back of an expected fall of inflation to 4.5 per cent by next year, RBI could cut key policy rates.
Department of Industrial Policy and Promotion said a "considered view" was taken against increasing the FDI cap in print media sector.