Most of the funds, interestingly, have been invested in the debt market by foreign portfolio investors (FPIs).
Irdai had a budget of Rs 60 crore towards advertisement, but only an estimated Rs 24 crore, or 40 percent, was spent.
Sate-owned oil companies this month dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantaneously reflect changes in cost.
The highest credit concentration was in the western region which had more than one-third of the total outstanding credit at Rs 23,39,900 crore as of end-March 2015, says the report.
In his autobiography 'Advice and Dissent: My Life in Public Service', Reddy said the two started off on a disagreement over opening of banking system to foreign ownership and by 2008 "there was a growing distance between us."
Government think-tank NITI Aayog has drawn up an exhaustive plan for achieving the target of doubling farmers’ income in five years ending 2022-23.
GST is expected to create significant job opportunities as the businesses will need to hire professionals for dedicated GST management, upgradation and reconciliations.
“So we have a list of things that we want to go over and we’re hoping that we come out with a list of deliverables that come out of the meeting of the President with the Prime Minister and we will have additional interactions with India after that,” said US Trade Representative Robert Lighthizer.
In an interview to CNBC-TV18's Latha Venkatesh, Anant Narayan of Standard Chartered, R Shankar Raman of Larsen and Toubro and V Srinivasa Rangan of HDFC spoke about the strength of the rupee versus the dollar and its impacts on industry.
Due to introduction of GST,there will be low effect of duty on many items, reduction in cascading effects of multiple taxes despite the apprehensions felt by the EXIM (export- import) community, ultimately resulting in lowering the cost and making our exports more competitive
After three weeks of decent show this week most pharma stocks ended red. The week highlights include government making Aadhaar mandatory for treatment of tuberculosis, IHH pulling out of Fortis deal, US FDA chief indicating about speeding up generic approvals and Cipla settling an important patent challenge case with Roche on cancer drug Tarceva.
This week the banking sector focused on the 12 large corporate bad loan accounts identified by RBI to be taken to the National Company Law Tribunal under the Insolvency and Bankruptcy Code.
Led by the most populous Uttar Pradesh and the largest Rajasthan, the gross fiscal deficits of all the states skyrocketed to Rs 4,93,360 crore in fiscal 2016, according to the latest RBI data.
RBI has said that any person can file a complaint with the Banking Ombudsman against a bank for improper, unsuitable sale of third party financial products like insurance.
The amended Banking Ombudsman Scheme shall come into force from July 1, 2017.
The economy ministry said on Friday it had agreed to finance a government feasibility study into a high-speed rail link between Chennai and Mysore, and had also discussed a project to modernise the Chennai-Hyderabad route.
The weather information on the portal will also help in better planning for infrastructure availability to ensure cost effective and reliable supply, the power ministry said in a statement.
As the countdown begins for the much anticipated meeting between Prime Minister Modi and President Trump in Washington on June 26, earlier this week, CNBC-TV18's Ronojoy Banerjee caught up with US congressman Rohit Khanna.
Business returns of domestic non- ferrous metal players are likely to improve in FY18 due to better realisation on metal sales and input costs remaining under check, rating agency ICRA said.
MSF alleged that the US government, backed by the pharmaceutical lobby, is expected to step up pressure on several governments, including India and others in Asia and Latin America, to enforce and protect intellectual property (IP) of pharmaceutical corporations.
Cars and most of the bikes will attract the highest GST rate at 28 percent with a cess between 1-15 percent. We spoke to a few automobile dealers in Delhi and they say the registration process has not been hassle free and a higher tax rate will hurt their sales in the first quarter. CNBC-TV18's Ashpreet Sethi gave us this report.
As the countdown to India's largest tax reform nears the end, industries across the country are gearing up to embrace the new policy. CNBC-TV18 today looks at GST preparedness of the gems & jewellery sector. Will prices increase? Will demand take a hit? And most importantly, will diamonds continue to be a girl's best friend? Nitya Balakrishnan finds out.
Life insurers had sought a further tax exemption for investment into pension products. But, no such provision was made by the finance minister in his budget announcements.
Experts list the lack of long term financing, inadequate budget allocation, and insufficient transmission and distribution, as the reasons behind the government falling short of its renewable targets.
Finance minister of Kerala Thomas Isaac believes that it will be difficult to implement the Anti-Profiteering Clause given the demographics of India. In an exclusive conversation with CNN-NEWS18's Neethu Raghukumar, the Kerala FM also said that corporates and traders will gain from GST.