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Government likely to do heavy lifting, capex to increase

Government likely to do heavy lifting, capex to increase

Sun, Jan 21, 2024

India is a hugely infra-deficit country and heavy lifting in this regard is being done by the government which crowds in private investment.

As many as 299 mines identified as abandoned, discontinued, or closed so far: Government

As many as 299 mines identified as abandoned, discontinued, or closed so far: Government

Sat, Jan 13, 2024

The government said it has identified 299 mines as abandoned, discontinued, or closed so far and Coal India Ltd has taken proactive steps towards the closure of these mines.

Government closely monitors rice situation in domestic, and international markets on weekly basis

Government closely monitors rice situation in domestic, and international markets on weekly basis

Wed, Dec 20, 2023

Rice export from India was 22.24 million tonne in 2022, which accounts for 40.63 per cent of the world's rice exports.

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Give info on payments to brokers: CVC to government work bidders

Give info on payments to brokers: CVC to government work bidders

Sun, Jan 15, 2017

Firms eyeing multi-crore government contracts will have to provide details of payments made by them to brokers or any intermediary besides disclose their association with foreign companies, the Central Vigilance Commission (CVC) has said.

Government employees needn't file asset details under Lokpal for now

Government employees needn't file asset details under Lokpal for now

Sun, Jan 15, 2017

The Centre has extended indefinitely the deadline to file details of assets and liabilities by central government employees under a mandatory provision of Lokpal Act. A new format and fresh set of rules are being finalised by the government in this regard.

Government on course to achieve FY17 disinvestment target: Official

Government on course to achieve FY17 disinvestment target: Official

Wed, Jan 11, 2017

The Government has already garnered Rs 23,500 crore by divesting its stakes in public sector units (PSUs) so far in the current fiscal and is hopeful of achieving the fiscal 2016-17 (FY17) disinvestment target of Rs 56,500 crore, a Finance Ministry official said on Wednesday.

Unimpressed with two states love story, Sushma Swaraj says, 'Would have sent a suspension order'

Unimpressed with two states love story, Sushma Swaraj says, 'Would have sent a suspension order'

Mon, Jan 09, 2017

Sushma Swaraj, External Affaris Minister lashed out at a request for transfer on Sunday to end ‘banwas’ or banishment between husband and wife who worked in two different states in India.

Won’t give into Apple’s demand for tax concessions, Govt says

Won’t give into Apple’s demand for tax concessions, Govt says

Tue, Jan 03, 2017

Indian government official on Tuesday said that the Centre will not give into Apple’s demands for tax concessions. This comes after Prime Minister, Narendra Modi launched Make in India programme last year asking global manufacturing giants to set up factories in India.

SC asks Centre to give details of recovery cases filed by banks

SC asks Centre to give details of recovery cases filed by banks

Tue, Jan 03, 2017

The Supreme Court today asked the Centre to give details of recovery cases filed by banks and financial institutions and those pending in debt recovery tribunals and their appellate bodies for the last ten years.

Govt sanctions 15,341 loans under Stand Up India scheme to women entrepreneurs in FY17

Govt sanctions 15,341 loans under Stand Up India scheme to women entrepreneurs in FY17

Sun, Jan 01, 2017

The government sanctioned over Rs 70,000 crore loans to over 2 crore borrowers including women entrepreneurs under its Pradhan Mantri Mudra Yojana (PMMY) scheme in the fiscal year 2016-17 (FY17).

Who is Viral Acharya, new deputy governor of Reserve Bank of India

Who is Viral Acharya, new deputy governor of Reserve Bank of India

Wed, Dec 28, 2016

Viral Acharya, professor at New York University (NYU) Stern has been appointed as deputy governor of Reserve Bank of India (RBI). The 42 year old professor joined NYU Stern in 2008 and is a Ph.D in Finance from NYU Stern itself in 2001.

Watal Committee: Digital payments by Govt alone to save Rs 1 lakh crore per year

Watal Committee: Digital payments by Govt alone to save Rs 1 lakh crore per year

Wed, Dec 28, 2016

The committee formed to make recommendations to digital transactions in India said that transitioning to an electronic platform for government payments itself could save approximately Rs 100,000 crore or Rs 1 lakh crore annually.

Notes Ban: Govt likely to come up with ordinance before Cabinet today

Notes Ban: Govt likely to come up with ordinance before Cabinet today

Wed, Dec 28, 2016

In an attempt to put an end to the liability of the government and the Reserve Bank of India (RBI) on the demonetised high value notes, the government is likely to come up with an ordinance before the Union Cabinet on Wednesday, PTI reported on Tuesday.

Watal Committee on Digital Payments: Here are 13 recommendations

Watal Committee on Digital Payments: Here are 13 recommendations

Tue, Dec 27, 2016

The committee to review the framework related to digital payments under Ratan Watal, Officer of Special Deputy in the Ministry of Finance, presented its report to the government on Tuesday.

Bidi tax to benefit cigarette manufacturers most?

Bidi tax to benefit cigarette manufacturers most?

Mon, Dec 12, 2016

The government had last week mulled over taxing these products under the pretext of making healthier lifestyle choices. This tax, if implemented may share some of the tobacco excise revenue of which 87% is currently paid by cigarette companies.

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Sun, Dec 11, 2016

The government is likely to amend the Reserve Bank of India (RBI) Act to extinguish the validity of Rs 500 and Rs 1,000 notes printed before November 9 and a reference to this effect would be made in the upcoming Budget 2017-18.

Airbnb backs off fight with governments, offers policy suggestions

Airbnb backs off fight with governments, offers policy suggestions

Thu, Dec 08, 2016

In a moment of peace-making with regulators, Airbnb on Wednesday released a set of policy suggestions for governments that are considering new laws for home- and apartment-renting.

Govt must up public expenditure to push consumption: Assocham

Govt must up public expenditure to push consumption: Assocham

Sun, Dec 04, 2016

Arguing that private consumption will take a "significant hit" at least in the next two quarters following demonetisation, Assocham on Sunday said the government should jack up its public expenditure in 2016-17.

Indian farmers average monthly income just over Rs 6,400

Indian farmers average monthly income just over Rs 6,400

Tue, Nov 29, 2016

While the average income of farmers in India is somewhere around Rs 6,000 mark; those who cultivate in the lands of Punjab had more than double of the average income.

HUL says demonetisation, GST win-win for India

HUL says demonetisation, GST win-win for India

Mon, Nov 28, 2016

Indian consumer goods company, Hindustan Unilever in an investor presentation on Monday said that the demonetisation move by the government and the upcoming Goods and Service Tax (GST) bill will be a ‘win-win’ situation for all.

GSTN to borrow Rs 800 crore to meet GST infra building cost

GSTN to borrow Rs 800 crore to meet GST infra building cost

Mon, Oct 31, 2016

Goods and Services Tax Network (GSTN), the company that is building the world's biggest and most complex tax system, will borrow Rs 800 crore from banks to fund infrastructure costs to support Goods and Services Tax roll out from April 1 next year.

Cabinet may consider Budget on February 1 this week

Cabinet may consider Budget on February 1 this week

Tue, Oct 18, 2016

The Cabinet is likely to consider this week fixing February 1 as date of presentation of the budget after the Election Commission gave its nod in light of upcoming Assembly elections in five states.

India's oil demand drops in September as prices rise to year's high

India's oil demand drops in September as prices rise to year's high

Tue, Oct 18, 2016

Petrol and diesel demand in India for the month of September fell to its lowest point this year, data released by Petroleum Planning & Analysis Cell of Ministry of Petroleum & Natural Gas showed.

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