Spelling out the eligibility criteria, Sebi said the applicant should have been in operation for at least five years and should have registered profit for at least three years during the last five financial years.
Besides conducting joint marketing efforts and promotion activities, Amazon experience centres will be set up in 80 Shoppers Stop stores across the country to bring in the touch and feel aspect on Amazon.in's assortment.
The decision comes in the wake of RBI ordering banks to make higher provisioning for the standard assets of the telecom sector and keep a close watch on it.
It is learnt that the finance minister has approved his extension and a formal release regarding the same will be issued closer to the time when his first term comes to an end next month.
The official added that the pickup in inflation, as seen for last month, has been taken into account in their analysis while suggesting a rate cut.
In its last policy review in August, the RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks. The rate cut was the first in 10 months and brought policy rates to a near 7-year low.
The one-year extension of Arvind Subramanian as CEA comes at a time when the government is working on measures to support economic growth, after GDP growth fell to 5.7 per cent in April-June – the lowest in at least five quarters.
Arvind Subramanian has, over the last three years, brought new ideas in public discourse such as the JAM--Jan Dhan, Aadhaar and Mobile--trinity. He was closely involved in drafting the Goods and Services Tax Act and had also authored the 'Report on the Revenue Neutral Rate and Structure of Rates for the GST' in December 2015.
The Fund, which aims to invest in local venture capital funds that would, in turn, back seed-stage and early-stage companies, has made commitments to 62 start-ups.
Earlier this week, seven men posing as Income Tax officers had entered a businessman’s house in Malviya Nagar to conduct a search. They searched the house and collected Rs 20 lakh in cars.
The Confederation of Indian Industry (CII) said that a cut in interest rates would encourage domestic demand in sectors such as affordable housing, consumer durables and construction.
“I don’t think there is a need for panic. There’s a need for analysis and for responsive action to this and we are fully prepared for this,” he said.
In the April-June quarter of 2017-18, non-performing assets (NPAs) of a sample of 38 banks rose by 34.2 per cent on a year-on-year basis. Also the NPA ratio increased to 10.21 per cent (Rs 8,29,338 crore) in June 2017.
The lower-than-expected GDP growth followed large-scale destocking undertaken by manufacturers ahead of the goods and services tax rollout and the lingering impact of demonetisation.
The rupee — which plummeted by a whopping 53 paise to end at 64.80 a dollar on Thursday — dropped by 31 paise to a four-month low level of 65.12 intra-day trading against the US dollar before closing at 64.79/80 on Friday.
Shares of Reliance Capital closed Friday’s session 7.83 per cent lower at Rs 661.55 per share on BSE. However, the stock’s return over three months is 26.05 per cent.
Over 46 lakh businesses have paid taxes to the tune of Rs 95,000 crore for July under GST. However, businesses also claimed transitional credit worth Rs 65,000 crore.
When asked about the NDTV deal on Thursday, a SpiceJet official said “it’s absolutely false and baseless.” Messages and emails sent to NDTV officials did not elicit any response.
Currently, the limit for investment by FPIs in corporate bonds is `2,44,323 cr
The qualified institutional buyers (QIBs) portion was oversubscribed 12.56 times, non-institutional investors
“In Irdai we have things like 150 per cent of solvency margins irrespective of numbers etc, we are trying to move towards risk-based capital model,” said Vijayan.
Region-wise analysis of the data shows that the highest number of units registered are in Thane Municipal Corporation and Thane District (59,516 units registered).
The Centre’s decision to extend interest subsidy for MIG beneficiaries by 15 months coupled with the announcement of a new public-private partnership policy in affordable housing will yield intended results if the implementation of PMAY goes well, say experts
Official sources said the discussions would continue and "nothing concrete has been finalised" by the panel.
Transport for London said the conduct of Uber, which has around 40,000 drivers and 3.5 million customers in the British capital, had "demonstrated a lack of corporate responsibility," and the agency would not renew the company's license to operate.
The regulator is of the view that a detailed examination or audit should be undertaken to unearth the entire extent of violations.
There is an increased speculation over a possible fiscal stimulus which can go above Rs 40,000 crore after six successive quarters of dip in the economic growth, which slid to 3-year low of 5.7 per cent in the April-June quarter.
European Union nations agreed in 2014 that carmakers should limit CO2 emissions to 95 grammes per kilometre across their entire model range within seven years. The figure for 2015 stood at some 130 grammes per kilometre on average.
It is an exercise which has to be transparent, acceptable to a cross section of public and political opinion. It is an exercise which will then result in a better performance itself
The 30-share index stayed in the negative zone for the whole day and touched a low of 31,886.09 before settling at 31,92.44, down by 447.60 points, or 1.38 per cent -- its biggest single-day fall since November 15 last year.
Arun Jaitley said, "The reality is that there are two major challenges. One with regard to encouraging private sector investment and second with regard to improving the capacity of our banking system to support growth."
The regulator had, prima facie, found the acts of various entities of Kailash Auto Group involving fraud in connection with dealing in securities which was in violation of Sebi's PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms.
Bullion traders said a firm trend overseas, where gold rebounded from a four-week low on renewed geopolitical tensions after North Korea threatened to conduct another hydrogen bomb test prompted investors to seek out the safe- haven asset, influenced the precious metal.
The final day of Uber's licence will be on Sep. 30. In London, the firm has faced criticism from unions, lawmakers and traditional black cab drivers over working conditions. Uber has the right to appeal the decision within twenty one days.
Arun Jaitley said demonetisation was a conscious effort to change the saving and spending patterns of the Indian society, which was largely cash dependent.
Regarding the Reserve Bank's monetary policy stance, the report said that the central bank is expected to key policy rates by 25 bps December 6 policy review meet as inflation is expected to normalise and stay well within the RBI's 2-6 per cent range.