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Govt to borrow $57.83 bln in H1 of 2015/16

March 23, 2015 by shekarm

The government will borrow 3.60 trillion rupees ($57.83 billion) in the first-half of the fiscal year that begins in April, Finance Secretary Rajeev Mehrishi said on Monday.

FDI doubles to $4.48 bn in Jan, highest in 29 mths

March 17, 2015 by shekarm

Foreign direct investment (FDI) in India more than doubled to USD 4.48 billion in January, the highest inflow in last 29 months.

Sebi to take action against cos with no woman director: Govt

March 17, 2015 by shekarm

Market regulator Sebi will take ''necessary'' action against listed firms which fail to appoint at least one woman director on their Boards by the end of this month, Parliament was informed today.

India a bright spot, but reform implementation holds key: IMF

March 16, 2015 by shekarm

Calling India a "bright spot" in the cloudy global economy, IMF chief Christine Lagarde today prescribed reforms in subsidy, labour market and monetary policy and a stable regulatory regime for boosting private investments and growth.

On a two-day visit to India during which she is meeting Prime Minister Narendra Modi and Fin

October-December current account deficit narrows

March 10, 2015 by shekarm

 India's current account deficit narrowed in October-December from the previous quarter on the back of slumping oil price and analysts said it should move into surplus in early 2015 for the first time in eight years.

Modi dilutes pro-business changes to land bill

March 10, 2015 by shekarm

The central government sought on Tuesday to break a political deadlock over reforms that would make it easier to buy land, in a test of Prime Minister Narendra Modi's ability to steer his business-friendly agenda through parliament.

Govt launches public contest on suggestions for PMO mobile app

March 4, 2015 by shekarm

The government today launched a contest for taking suggestions from the public to develop a mobile application for the Prime Minister's Office (PMO).

The application, which will be developed in association with Google, is likely to be out in two months.

Budget unlikely to impact credit rating: Agencies

March 2, 2015 by shekarm

The is unlikely to have an impact on India's sovereign credit given the absence of meaningful fiscal reform, credit-rating firms said on Monday, with Standard & Poor's ruling out a rating upgrad

Taxes have dried up in Haryana: FM

March 2, 2015 by shekarm

Haryana Finance Minister Capt Abhimanyu today charged the previous Congress government in the state with lack of governance saying taxes had dried up and their base shrunk during the 10-year rule.

The resultant shortfall in revenue generation and decline in the share of state?s own revenue in total receipts made the state ove

Sebi, exchanges tighten vigil for Budget day trading

February 27, 2015 by shekarm

  • Anticipating huge volatility during the special stock market trading on Budget day tomorrow, regulator Sebi and stock exchanges have enhanced vigil to keep manipulators at bay and ensure smooth operations.
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