Finance

News: Successive Reserve Bank of India chiefs have faced bigger challenges than the government meddling in their affairs, poor quality data with which they have to call interest rates, and a research infrastructure that falls short of need. The Columbia University alumnus, Prachi Mishra is on a mission to bring ...

News: Parliamentary panel has also recommended flexible working hours for women employees to help them balance their professional and family responsibilities and to provide safe and convenient work environment in the banking sector. In a report on ‘Working Conditions of Women in Public Sector Banks’, the panel said that PSBs ...

News: The amendments in the Negotiable Instruments Act will have implications for over 18 lakh cheque bounce cases pending in various courts, Minister of State for Finance Jayant Sinha said while piloting the Negotiable Instruments (Amendment) Bill 2015 in the House. It will help small traders, large corporates especially telecom ...

News: India is the only large emerging market in Asia region to have posted a positive return in dollar terms; it also is the only market in Asia where FIIs are the net buyers. Experts believe that the Indian equity markets are once again gaining the tag of being the ...

News: Uber operates in 57 countries, with an estimated value of more than $40 billion. But it has tangled with transport authorities across the globe, along with attorneys seeking to deem Uber drivers as employees entitled to benefits. Uber Technologies Inc [UBER.UL] will invest $1 billion in India in the ...

News: In 2014-15, the government seized Rs 761.70 crore in 545 searches, Rs 807.84 crore in 569 cases in 2013-14 and Rs 575.08 crore in 422 searches in 2012-13, Minister of State for Finance Jayant Sinha said. There were 34 convictions in 2014-15, 41 in 2013-14 and 10 in 2012-13, ...

News: Government chalks out a plan for income transfers – total subsidy to a household as basic income to the beneficiary through Jan Dhan and Aadhaar platform and the project to be rolled out on pilot basis in districts where there is surplus basis. It will help create demand for ...

News: India is ranked at the 142nd position among 189 nations in World Bank’s Ease of Doing Business 2015 report. The Finance Minister, Jayant Sinha said that the government is taking various initiatives, including e-biz portal, Goods and Services Tax, mobile platform for setting up business, and is working with ...

News: “315 projects are under consideration entailing huge investment of Rs 13.33 lakh crore by the Project Monitoring Group (PMG),” said Statistics Minister V K Singh. There are 285 projects still under consideration costing Rs 12.27 lakh crore and 30 projects cost Rs 1.06 lakh crore are yet to be ...

News: External Affairs Minister Sushma Swaraj said Modi visited 26 countries from June 2014 to July 2015 and all visits had a substantial economic component. “These efforts have helped in creating a positive image of India and, as a result, FDI equity inflows increased from USD 24.3 billion in financial ...