Excluded sectors include crop production, plantation, defence, public administration and compulsory social security services.
A 1983 batch IAS officer, from the Rajasthan cadre, Garg was World Bank executive director for Bangladesh, Bhutan, India and Sri Lanka prior to this appointment.
There were over 33 crore beneficiaries of 84 schemes that have been onboarded under the direct benefit transfer (DBT) programme at the end of February 2017, the government said today.
RBI Governor Urjit Patel will brief here tomorrow a parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch.
Currently, the FDI policy permits 26 percent foreign direct investment in publishing of newspapers and periodicals dealing with news and current affairs via approval route.
The Revenue Department is in favour of changing the time frame from 1 year to 3 years but Department of Economic Affairs is against it.
"The (central) government and the World Bank today signed a USD 250 million credit agreement under the Jhelum and Tawi Flood Recovery Project for reconstruction and recovery support in flood-affected areas in which public infrastructure and livelihoods were impacted severely," World Bank said in a statement.
The agreements were signed by the Joint Secretary in the Department of Economic Affairs S Selvakumar and Yutaka Kikuta, Deputy Chief of Mission of Japan to India, here on last Friday.
As per sources, the Selection Committee might invite â€˜suitable‘ candidate with high stature for the post. The Committee might look outside the criteria of an IAS to find the appropriate person.
The basic bone of contention here is the 49 percent Foreign Portfolio Investors (FPI) cap which a lot of banks want to be relaxed and if not that then at least the overall FDI composite cap of 74 percent should be raised to 100 percent
The Prime Minister has approved the appointment of Mehrishi, a 1978-batch Rajasthan cadre IAS officer, for a period of two years with effect from Monday, an official release said.
A two member mission of the World Bank Group is on a two day-visit to India to collect data and information for Doing Business Report, 2016. The members are Nadine Abi-Chakra and Baria Nabil Daye.
Among the members of the committee are C S Rajan, Chief Secretary, Rajasthan Government; S B Nayar, CMD, IIFCL; Shekhar Shah, Director General, NCAER; Pradeep Kumar, MD, CBG, SBI; Vikram Limaye, MD, IDFC; P S Behuria, former IRS and Sudipto Sarkar, Barrister-at-law, Kolkata.
The Foreign Investment Promotion Board (FIPB) recommended proposals are cleared by the Finance Minister and any investment beyond the new ceiling of Rs 3,000 crore will go to Cabinet Committee on Economic Affairs (CCEA) headed by the Prime Minister.
With the government on a fast-track to lure foreign investments, FIPB will consider as many as 48 FDI proposals, including that of the HDFC Bank and about a dozen from the pharma sector, at its meeting on October 21.
The Department of Economic Affairs has issued a notification under the Securities Contracts (Regulation) Rules Act 1957, permitting the Employees' Provident Fund Organisation (EPFO) to become a member of a recognised stock exchange, according to a release.
"The project has been approved with an objective to improve more than 900 kilometers of state roads, in line with the Chhattisgarh Road Master Plan, involving upgradation of roads sections and strengthening culverts and bridges," a statement from the Finance Ministry said.
Worried over excessive outflow of foreign exchange as royalty and fees for technology transfer and use of brand names, Commerce and Industry Minister Anand Sharma wrote to Finance Minister P Chidambram on the matter.
Rajan had surprised the markets by leaving all key policy rates unchanged at the mid-quarter policy review on December 18, notwithstanding persistent high inflationary pressure.
The USD 1 billion offshore rupee bond program is largest of its kind in offshore rupee market. Under the program IFC will issue rupee-linked bonds and use the proceeds to finance private sector investment in the country.
In 2005, ECB proceeds were allowed to be used in the first stage acquisition of shares in the disinvestment process and in the mandatory second stage offer to the public under the government's disinvestment programme of PSU shares.
According to top sources the Department of Economic Affairs (DEA) had written to Jet and Etihad on September 5 seeking submission of documents relating to the revised shareholder agreement, corporate governance code, commercial cooperation agreement and the Articles of Association.
The beleaguered NSEL has already defaulted in the first two pay-outs as it received only Rs 92.73 crore from members in the first pay-out and Rs 12.05 crore in the second pay-out, out of the scheduled Rs 174.72 crore each.
There are just six days left and several government sources told CNBC-TV18 that Jet and Etihad are yet to submit their second revised shareholders agreement.
Manmohan Singh-led Appointments Committee of the Cabinet has approved the appointment of Singh, Ambassador of India to Germany, as OSD in the Ministry in the rank and pay of Secretary with effect from July 15 and till her assumption of charge as Foreign Secretary