Banks will be subvented to the extent of difference between the Weighted Average Interest Charged and 7 percent subject to the maximum limit of 5.5 percent for the year 2017-18.
Rbi Governor emphasised the need for keeping headline inflation close to 4 per cent on a durable basis.
Growth could be around 7 percent in the second half and 7.5 percent next year, says Chetan Ahya, MD and Chief Economist- Asia Pacific, Morgan Stanley.
The apex body which oversees biomedical research in the country aims to launch at least 10 globally validated Indian traditional medicines by 2030.
The festive season is upon us and they say the pulse of this country lies in the small towns. So, in order to get a sense of the sales picture ahead of Diwali, CNBC-TV18's Uttkarsh Chaturvedi visited a small town in Maharashtra.
A Gujarat-based diamond exporter Savjibhai Dholakia's Hari Krishna Exports is giving all its employees and their families a 10-day all-expense paid trip to Rishikesh
Disbursal, in the first phase, will cover more than 8 lakh farmers, Fadnavis said as he listed initiatives taken by his government towards increasing investment in the agriculture sector.
By collaborating with the Andhra Pradesh government, Rubique will accelerate its journey in digitizing the Andhra Pradesh financial sector by bringing in much needed technology in traditional practices of lending through its unique proprietary platform called as Online PLUS model.
The company said it witnessed 12 per cent surge in gold sales on Dhanteras, which was celebrated yesterday across the country. It is an auspicious day to buy gold, silver and other metals.
The reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities is more for outside connects than employees who are more or less receiving their annual gesture from their employers, the industry body said.
Oil Minister Dharmendra Pradhan, who is here to attend the LNG Producer-Consumer Conference, met his Mozambique counterpart Leticia Klemens to discuss the development of the gas field.
The state government is committed to doubling the farmers' income by 2022 and in it the state's veterinary department has a major role to play, the minister said.
Keventer has tied up with the farmers in the districts banana growing districts of Nadia and Murshidabad where the company supplies small plants to them.
Speaking at the LNG Producer-Consumer Conference here, Oil Minister Dharmendra Pradhan said the global LNG market is undergoing a major transformation driven by new supplies which has created a situation of oversupply.
India asked these countries to stick to the 1998 electronic commerce work programme which was supported by a large number of developing countries.
A window has been hosted on the main page of the department's website -- www.incometaxindia.gov.in/ -- with a prominent icon stating 'Live Chat Online- ask your query'.
The household monthly per capita consumer expenditure (MPCE) in urban areas is an average of Rs 2,630 for urban India while the figure is Rs. 1,430 in rural areas.
Flagging off of the Magenta Line will slash travel time from Noida to South Delhi by a whopping 70 percent
XL Group will acquire a 20 percent minority stake in the insurance broking firm.
The lack of liquid funds at a time when non-performing assets remain at high levels has incapacitated the banks' ability to lend and spur investments — the two major challenges confronting India, according to Finance Minister Arun Jaitley.
The administration announced that the value added tax (VAT) on diesel or high speed diesel will be reduced from 16.40 per cent to 11.40 per cent.
"Over the first half of 2017, there has been a notable increase in the scale and persistence of India's net foreign exchange purchases, which have risen to around USD 42 billion (1.8 per cent of GDP) over the four quarters through June 2017," the Treasury said in its latest half yearly report to the Congress.
Prime Minister Narendra Modi's government has already used up nearly all of its budget for the current fiscal year and tax revenues are expected to fall far short of initial expectations. At the same time economic growth has slowed, sparking calls for more stimulus.
Government employees will get the revised salary from the month of October, Chief Minister Vasundhara Raje said on Tuesday in a statement.
The economy has strong momentum for steady progress and growth, and major international institutions have revised up their growth forecasts for China, Tuo Zhen, spokesperson for the 19th Congress Communist Party of China (CPC).