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RBI: Keeping a ‘close watch’ over black money probe on HSBC

When asked whether the RBI would order a probe into HSBC’s Indian operations, an RBI official said, “this is not in our domain.

Supreme Court: Auction for 2G spectrum can take place, but outcome subject to final orders

The order would be applicable to the auction process for all the 17 circles for which Notice Inviting Applications was issued on January 9.

On previous Budget promises, Centre’s glass is half empty, half full

Many announcements from the Budget presented on July 10 have been implemented such as Swachh Bharat, financial inclusion and an expenditure management commission.

Manufacturing thrust to begin with plan for reviving capital goods

The department of heavy industry is collaborating with industry chambers to take inputs for the policy.

SJM turns critical of NITI Aayog’s ‘foreign’ VC

Rather than focussing on foreign investments, the Centre needs to reduce the quantum of revenue foregone and increase social sector spending.

Narendra Modi

‘Make in India’ to get a shot in the arm this Budget

A major push is being planned for the electronic goods sector where the country imports electronic products worth $16 billion annually.

New accounting norms to impact financial statement reporting: ICAI

The new regime would bring in accounting based on ‘fair value’ model in various cases,

Trai slashes mobile termination charge by 6 paise per min

The move will essentially benefit players with smaller market share like Tata Teleservices, Aircel, Uninor, Sistema and Videocon.

Unions, IBA agree on 15% hike in salaries; bank strike called off

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.

Debt recast scheme failing, NPAs may cross R30K crore

Troubled cases rise to 121 in four years, bankers fear more to come..

Director & Officer policy: A cover for managerial liability

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

farmers1

Global price boom improved farmers’ terms of trade under UPA: Panel

As global prices rose, the ruling UPA, then, was forced to hike minimum support prices (MSP) to align them with the former.

WEF annual global competitiveness list comes as new Indian govt, led by Narendra Modi, completes 100 days in power.

ICERT finalising firewall for Android, in talks with Samsung & Micromax

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.

Holcim-Lafarge asked to divest assets in eastern India by CCI

The total cement manufacturing capacity of Holcim and Lafarge in India stood at about 67 million tonnes in 2013-14 end.

Duty on major minerals may be eased to boost mining

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.