As per a study by Ambit Capital Research, there has been a gradual contraction in India's Black economy and the crackdown on black money has made the cost of capital costlier in the black economy.
Vocal BJP leader and Rajya Sabha MP Subramanian Swamy has openly called for immediate sacking of Rajan, but the government is yet to spell out its official stance.
In a first of its kind move the Civil Aviation Ministry has allowed an airline to operate more flights during a particular period to the northeast.
The government, Jaitley said, is looking at the direct tax reform to bring down the tax rate as also the indirect tax reform through the Goods and Services Tax (GST) regime to create single sales tax for the country.
Recently, PM Modi said the issue of reappointment of the RBI Governor was an administrative subject and it should not be an issue of interest of the media.
The revision process will include updating the list of items and weightage on the basis of which indices is computed
The Enforcement Directorate sources have mentioned that this is a routine process and they will be able to issue the Red Corner Notice to Mallya once the said information has been provided to the Interpol.
The environment ministry panel noted that the proposed washery with its technology firmed up, was yet to get the approval of board of the project proponent.
The US-based company has marked India as its third biggest target market only after USA and China
RIL in the notice has said that the October 2013 order breached its right to retain the fields and the time period for approving these discoveries 'never expired'.
According to Credit Suisse, forecast of mild growth acceleration and improved monetary policy transmission should give growth the necessary boost, thereby reducing the need for the RBI to cut policy rates further.
The New York arm of the US central bank approved 4 out of 35 illicit requests from cyber thieves to send $81 million from a Bangladesh Bank account.
The West Texas Intermediate lost 55 cents while Brent crude for August delivery decreased 40 cents.
The Loan provides an important opportunity to re-set macroeconomic policies, address key vulnerabilities, boost reserves, and support stability and resilience, says IMF deputy managing director and acting chair Zhu Min.
The study by Population Foundation of India suggests that the country needs to spend around INR 15800 crores between 2013 and 2020
Australia's Queensland state government in April gave Adani permission to mine coal reserves estimated at 11 billion tonnes and to build roads, workshops, power lines and pipelines associated with the mine.
The Financial Express reported in March that the Employees Provident Fund Organisation (EPFO) could attach properties and seize bank accounts of the Vijay Mallya-promoted firm.
Sanjay Gupta pointed that the smaller cities need employment generation badly, else the demand won’t sustain.
The corporation has written to the Railway Board to give permission to install the system on the 1,839 km Eastern corridor barring a small stretch between Sonnagar and Dankuni, which is to be constructed on public-private partnership (PPP) mode.
Public sector IOC, BPCL and HPCL operate nearly 56,190 fuel pumps across the country with IOC topping the list with around 25,363 stations. HPCL has 13,802 pumps and BPCL has 13,439 outlets.