Former Finance Minister P Chidambaram has said that the RBI’s decision to keep interest rates unchanged was expected and the government should build on what has been achieved. He said … continue reading
The Reserve Bank of India maintained status quo with regard to the key interest rate in its monetary policy review in view of the need to curb inflation, which has … continue reading
The government has proposed to raise Foreign Direct Investment (FDI) in defence sector to 100 per cent. According to sources, the Commerce and Industry Ministry has circulated a Cabinet note … continue reading
The Government of India has decided to constitute a Special Investigation Team, SIT, to unearth black money stashed in banks in the foreign countries. Briefing media after first Cabinet meeting … continue reading
AirAsia India, the joint venture between AirAsia and Tata Group, has got license to start their operations in India. The DGCA today issued air operator permit to the airline. However, … continue reading
The Reserve Bank of India today asked banks not to levy penalties on customers who don’t maintain a minimum balance in any inoperative account, as part of a consumer protection … continue reading
The willingness of decision makers to take risks increases when they play games of chance with money won earlier. Risk taking also rises when they have the opportunity to compensate … continue reading
More than three billion cups of tea are served every day around the world and a large share comes from the developing world and the emerging economies. This too despite … continue reading
The World Bank President Jim Young Kim said in Washington that the private sector strongly feels that India is a difficult place to do business due to many regulations. He … continue reading
The UAE Exchange, one of the global money transfer brands has said its total remittances business into India witnessed a growth of 6.44 per cent last year. This is the … continue reading