M Saraswathy gets in conversation with Ravi Krishnan, Deputy Executive Editor, Moneycontrol to discuss what could be expected from the RBI board meeting.
It remains to be seen if the encounter today will lead to sparks of a new-found bonhomie between the government and RBI
Highlighting the significance of design and innovation in India's economic progress, Secretary of the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek also extended his "full support" to the setting up of a National Design Centre as early as possible.
While the rift is far from healed, the sources said enough progress had been made to avoid acrimony at a board meeting of the Reserve Bank of India (RBI) next Monday. The threat that RBI Governor Urjit Patel would quit, as reported by some newspapers last week, is also thought to be off the table for now, they said.
Power sector is facing stress due to coal shortage and other issues. Many power projects are starving for coal in the absence of PPAs. The government's scheme to auction 2,500 MW medium-term PPAs evoked good response and PPAs for 1,900 MW capacities were signed under the scheme last month.
"Whether a rule-based or a discretion-based approach works better remains a matter of empirical debate till date," it said, while commenting on the PCA and provisioning norms.
Earlier, exports of any kind of gold jewellery or related items containing gold of 8 carats, and above, up to a maximum limit of 22 carats were permitted.
Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol, to discuss the challenges that could impede India's push towards further improving its standing as a country open to enterprise and commerce.
Prime Minister Narendra Modi will launch a programme to support the businesses in New Delhi on Friday, the finance ministry said.
RBI and the government have been at loggerheads over greater control of PSU banks apart from other issues.
The company had posted a Profit after Tax (PAT) of Rs 16.37 crore and total revenue of Rs 1,751 crore in 2016-17. Established in 1920, Bridge & Roof is under the administrative control of the Ministry of Heavy Industries and Public Enterprises.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for creation of special Fisheries and Aquaculture Infrastructure Development Fund (FIDF), an official statement said.
This was informed by Ravi Shankar Prasad, Minister for Electronics and Information Technology and Law & Justice, after the Union Cabinet gave its approval for the same.
The government on June 30 invited applications for the appointment of CEA on deputation basis after Arvind Subramanian quit the office ahead of completion of his term.
Excess production of steel world over is a point of discussion globally, he said, adding "but in India the government stand is to augment it to 300 MT".
The Cabinet, in a meeting chaired by Prime Minister Narendra Modi, approved the memorandum of cooperation between the two countries, which include partnership in air and water pollution prevention and purification, waste management and climate change, among others.
The Sovereign Gold Bonds would be issued every month from October 2018 to February 2019 as per the calendar specified, the RBI said in a release.
A look at the five Ws (who, what, where, when, why) and H (how) of the entire IL&FS saga
The Block AA-ONHP-2017/19 extends to an area of 79 square kilometres and is located adjacent to Dirok field operated by HOEC, the company said in a regulatory filing to stock exchanges.
The government announces minimum support prices (MSPs) for most crops yearly to set a benchmark, although state agencies usually buy limited quantities of staples such as rice and wheat at those prices due to a lack of storage and funds. Market prices for many crops typically run well below MSPs.
After the government decides on an overseas listing, the investment bankers would assess investor demand and a final call would then be taken on which stock exchange the ETF is to be listed, the official said.
Import of pet coke for fuel purpose is prohibited. However, the import was allowed to only four industries so far.
The decision has been taken by amending the Central Motor Vehicles Rules 1989 in accordance with the powers under Motor Vehicles Act, according to the gazette notification by the ministry.
The government's proactive approach has been appreciated by global retailers who were sitting on the fence to invest into India, but have now taken a serious look, the joint report by Deloitte and Retailers Association of India (RAI) on foreign direct investment (FDI), launched at the Retail CFO Summit Monday said.
"An MoU will be signed tomorrow between JNPT- Ministry of Shipping, Ministry of Railways, Govt of Maharashtra and Govt of Madhya Pradesh for implementation of 362 km Indore- Manmad New Railway Line Project," the shipping ministry said in a statement.