The state of Andhra Pradesh, the epicenter of the micro-finance crisis of 2010, has rejected the proposed Micro-finance (Development & Regulation) Bill, 2011, terming parts of it as ultra-vires of the Constitution and violating the legislative competence of states.
MCX-SX suffered a major loss of investor consequence due to the scandal at NSEL.
India's competition regulator will take up the Jet-Etihad deal for approval next Monday, by when it would have received the opinion of Air India on the proposed deal.
Three years after the micro-finance crisis in several states, the country is nowhere near a new law to regulate malpractices in micro-lending.
NSEL brass to face full might of Indian criminal law, dozens of charges ?to be filed; asset seizures by ED in 180 days.
The department of telecom has granted unified licence to Reliance Jio Infocomm, which will enable the company to offer all kinds of services such as voice, data and national and international long distance services.
Some of the queries indicate that the taxman is attempting to discover and probe the whether investors had disclosed the income made from such trades.
The government is close to approving a new merger and acquisition (M&A) policy for Indian telecom service providers that proposes to allow arrangements or amalgamations that would have a market share of up to 50 per cent.
Yashwant Sinha panel wants minimum capital to be doubled to Rs 1000 Cr; terms existing fit and proper criteria as subjective.
Rahul Khullar admits the regulator got influenced by the country getting carried with navel gazing
"I have always maintained that Rahul Gandhi would be an ideal choice for the prime minister’s position after the 2014 election. I would be very happy to work for the Congress party under the leadership of Rahul Gandhi," Manmohan Singh said.
The enhanced Yen swap facility would therefore add "firepower" to India's reserves and send a signal to the markets that India has enhanced ability to defend its exchange rate, if the need arises. The underlying theme of this proposal is to improve sentiment on the exchange rate, the officials added.
Singh, who is acknowledged within the G-20 as a authoritative voice on economic issues, proceeded to tell other leaders that predicting the impact of monetary policy on capital flows is difficult, as it depends on how markets react.
Finance Ministry is once again upset with the poor souls at Standard & Poors, for having dared to express a 33 percent possibility of India's rating being downgraded in three years.
In response to a question on the allegations against Wal-Mart and the ongoing ED probe, Commerce Minister Anand Sharma said that "no violations would have taken place once the pause button on FDI in multi-brand retail was lifted this September".