The Cabinet has given the green signal for amendments to the Insolvency and Bankruptcy Code via an ordinance. The ordinance has been sent to the President for his assent.
State-run MMTC will import 2,000 tonnes of onion, while Nafed and SFAC will buy 12,000 tonnes locally in order to boost supplies and check prices, Food and Consumer Affairs Minister Ram Vilas Paswan said on Wednesday.
The provident fund organisation is considering bringing down the interest rate on PF next year, prompting experts to believe that if it is allowed to invest more in equities, the interest rate could be maintained.
While Jaitley did not divulge details of the amendments, news reports suggested that the changes will prevent wilful defaulters to bid for stressed assets that they had previously owned
"The problem is two-fold; weak export growth of 9 percent year-on-year, coupled with a sharp 23 percent rise in imports during the April-October of this fiscal year, taking the overall trade deficit to USD 88 billion, which is up 60 percent year-on-year," says the report.
The energy hungry nation, which is looking to cut its oil imports by 10 percent in 2022, aims to boost use of bio fuels, the minister said.
Additional NPAs grew the highest in March 2016 at Rs 1.39 lakh cr over Dec 2015 quarter and the second highest in June 2017 over March 2017 quarter at Rs 1.17 lakh cr
A power sector expert said the industry has been dragging retrofitting of power plants to reduce emission, citing less clarity on the issue but it was always clear.
But the report said downside risks to its expectation include GDP growth falling below 6 percent and weakening of commodity prices, resulting in lower pretax growth.
Equity mutual funds registered an inflow of over Rs 16,000 crore in October, buoyed by strong participation from retail investors, latest data with industry body Amfi showed.
The ordinance for amending the bankruptcy code will be presented in the winter session.
In a bid to switch to electric-driven trains entirely, Indian Railways has decided to phase out diesel engines in the next five years after a two-month run-in with manufacture giant GE over the manufacture of diesel locomotives.
Only three institutes, including two IITs, from India, have found a place in the top 150 in the latest released Times Higher Education Global University Employability Ranking 2017
Mexico and Canada have rejected a US proposal to raise the minimum threshold for autos to 85 percent North American content from 62.5 percent as well as require half of vehicle content to come from the United States.
The NBFC-MFIs segment, according to MFIN, is expected to grow further on account improvement in loan disbursements and decrease in risk assets.
By bringing logistics at par with roads in term of its status, the government has provided the necessary platform for development. It remains to be seen if the private sector bites the bullet and participates in the development of a logistical backbone
In an exclusive interview with Moneycontrol's Beena Parmar, Bahuguna believes there should be a greater scope for new investors to enter and provide additional funding to companies under the IBC.
GSTN Chairman Ajay Bhushan Pandey-headed panel comprises VAT commissioners of Karnataka, Gujarat, Telangana, and senior officials from the Department of Revenue and the CBEC.
Under the Pradhan Mantri Awas Yojana (Gramin) a target of to construct one crore new houses by March 31, 2019 was set. Of these, 51 lakh houses had to be completed by 31st March, 2018, the Rural Development Ministry said in an official statement.
DHL chief executive officer (CEO) Ken Allen said that he sees a strong growth in cargo movements between India and China as the two countries continue to expand bilateral trade.
Ferrying of coal in uncovered vehicles and rail wagons is said to be one of the key reasons behind high pollution levels along the transportation route from coal mine or importing sea port to user plants like power generation houses.
A ban on the use of petroleum coke, a dirtier but better-burning alternative to coal, is spurring expectations India will buy even more coal from the United States in coming months.
India imports about half of its annual consumption of 27 million tonnes of petcoke, Dharmendra Pradhan said in a tweet.
It is quite possible that the revolutionaries of J&K have been agitating because they have been asked to agitate. And the fact that the children of rich folk did not participate in the agitations does turn the needle of suspicion to the wealthy themselves.
India’s Chief Economic Adviser Arvind Subramanian has been commenting on crucial aspects of the economy, flagging problems and offering solutions