In a written reply to the Rajya Sabha, Singh said that targets under PMEGP are set in terms of Margin Money allocation, and a target of minimum 75 projects per district has been allocated to all the districts in the country with average Margin Money of Rs 2 lakh per project (project cost Rs 8-10 lakh) in order to have equal distribution of targets and to achieve inclusive growth.
Digital payment systems have ballooned in popularity in India since the government scrapped large-value bank notes in 2016.
Offshore drilling firm Jagson International said that they are exploring legal recourse in the case
The recent Rs 13,000-crore fraud at the Punjab National Bank (PNB) highlights the inherent weaknesses in the governance and transparency standards in the Indian banking system, especially among public sector banks, it said.
To promote cleaner and alternate use of coal, CIL is pursuing initiatives for setting up plants for gasification of coal and its further processing into downstream chemicals, Coal and Power Minister Piyush Goyal said in a written reply to the Lok Sabha.
Murthy was speaking on the government's demonetisation of high value banknotes in November 2016 at a session with students of Presidency University here.
Sources indicated that the next bidding process would not involve any changes in the model even as DPR for 1,700 km of highways are being studied to finalise the tranches
According to assurance, tax and advisory firm Grant Thornton, in February, there were 62 PE deals worth USD 1,330 million, while in the corresponding period last year there were 45 such transactions worth USD 588 million.
The Union Ministry of Finance, in an order issued last night, permitted the Ministry of Water Resources, River Development and Ganga Rejuvenation to borrow a sum of Rs 1794.37 crore from Nabard to fund the Polavaram project.
The Reserve Bank, which has been tasked to restrict inflation at 4 percent (plus/minus 2 percent), has retained the key short term lending rate (repo) at 6 percent in its last three bi-monthly policy reviews citing inflationary concerns.
"This policy is necessary because there are so many challenges the sector is facing. We want to make sure that all issues are addressed through this policy. We have already had one meeting on this," the commerce minister told PTI.
Demand for longer-dated debt has waned as yields have surged since mid-2017 on concerns the Reserve Bank of India will raise interest rates as early as this year, while state-run lenders have also refrained from buying debt after sustaining market losses.
This amendment is likely to help the industry in employing workers in sectors which are of seasonal nature
The Feb 12 circular from RBI will accelerate the NPA process and will lead to a faster recognition of pain in the books, said Ashish Gupta of Credit Suisse.
This policy will cover hospitalisation expenses for certain ailments incurred globally
What happened earlier was that the group health segment was being doled out discounts by insurance companies despite the fact that all these corporate clients were filing heavy claims
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
The committee says it is surprised to note the percentage share of allocated funds given to the government's flagship programmes remains around an average of 1.59 percent since 2014-15 and no substantial increase is given despite the mandate to implement some of the highly ambitious missions.
Long terms capital gains (LTCG) tax became the buzz word on February 1 2018 thanks to the Budget and the proposals. A lot of equity investors now have to start getting used to paying 10 percent tax on the long terms gains that they are making in the equity market. A panel of experts decoded what the new taxation regime means when it comes to the market and investors.
Kotak Mahindra bank's Uday Kotak doesn't expect privatization of public sector lenders -- but believes that going ahead there will be consolidation of PSU banks.
The two-day conference, which concluded today, had representations from 53 World Trade Organisation (WTO) member countries, including the US, China, and the EU.
Videocon Industries sold its 51.32 percent stake in the insurance company to the extent of 26 percent to Diamond Dealtrade (a DP Jindal Group Company) & the remaining 25.32 percent to Enam Securities.
The Centre has embarked upon a major policy initiative for rapid transformation of 115 districts which are lagging on specific development parameters.
"The Small Tea Growers (STGs) must work cohesively with the big players of the industry for the overall sustained growth of the sector in the state," the chief minister said while launching direct benefit transfer of financial incentives for STGs in new areas under plantation.
Any individual above 18 years of age is eligible to apply for a margin money subsidy of 25 percent of the project cost in rural areas and 15 per cent in urban areas.