When asked whether the RBI would order a probe into HSBC’s Indian operations, an RBI official said, “this is not in our domain.
The order would be applicable to the auction process for all the 17 circles for which Notice Inviting Applications was issued on January 9.
Many announcements from the Budget presented on July 10 have been implemented such as Swachh Bharat, financial inclusion and an expenditure management commission.
The department of heavy industry is collaborating with industry chambers to take inputs for the policy.
Rather than focussing on foreign investments, the Centre needs to reduce the quantum of revenue foregone and increase social sector spending.
A major push is being planned for the electronic goods sector where the country imports electronic products worth $16 billion annually.
The new regime would bring in accounting based on ‘fair value’ model in various cases,
The move will essentially benefit players with smaller market share like Tata Teleservices, Aircel, Uninor, Sistema and Videocon.
The wage revision would benefit about 8.5 lakh employees and officers in 45 banks, including old generation private sector banks and a few foreign lenders.
Troubled cases rise to 121 in four years, bankers fear more to come..
While the policy provides comprehensive cover, it does not protects those directors and officers who are proven to be dishonest or are engaged in fraudulent activities
As global prices rose, the ruling UPA, then, was forced to hike minimum support prices (MSP) to align them with the former.
The project for developing the Android ‘secure wrapper’ is being taken up as a national security initiative as nearly 50% of the mobiles phone users in the country use the Android platform.
The total cement manufacturing capacity of Holcim and Lafarge in India stood at about 67 million tonnes in 2013-14 end.
To promote coal-fired power generation, the finance minister may also abolish the 2.5 per cent customs duty on coal imports imposed in the last budget.