India's central bank is grappling with the large stressed banking sector balance sheets.
The Policy Commission, set up by Modi to replace Nehru's Planning Commission, is now circulating a draft three-year "Action Agenda", to be followed by a seven-year "Strategy" and a 15-year "Vision" for India's development.
Indian technology companies depend on H-1B visas to hire tens of thousands of employees each year for their US operations.
Donald Trump was never known for a nuanced approach to public policy, and it is hardly surprising therefore that the US President has aides who shoot off their mouths about visa regimes like Wild West sheriffs who used to shoot first and ask questions later.
The US has been looking at ways to strengthen the processes like visa interview and admission processes in new ways, said US State Department acting spokesman
A software had been developed for the purpose by the AP Technology Services and successfully tested at the General Post Office in Hyderabad.
Small cars currently attract a 12.5 percent central excise duty. Another 14.5-15 percent VAT is levied by states, taking the total tax incidence to 27-27.5 percent.
The vice-chairman also invited further inputs and support of the states in taking the vision forward
The norms, if implemented, will provide relief to customers who have to pay service charge up to 20 percent on food bills in lieu of tips.
This comes at a time when petrol pumps have threatened to shut shops on Sunday and the government has expressed its displeasure about this move citing inconvenience to consumers.
In an interview to CNBC, Rajan said the "good news is some of the fears about the (Trump) administration that it would move immediately to a more protectionist stance haven't played out".
All India Petroleum Dealers Association, which claims to represent 80 percent of the 53,224 petrol pumps of public sector oil firms, has said it is not participating in the closure exercise
America has committed a certain number of these visas to India and "we would definitely want America to honour that commitment".
If demonetisation impact is a thing of the past and the impact is transitory, why the manufacturing sector is still struggling to get back to shape?
The Employees' Provident Fund Organisation trustees had approved 8.65 percent rate on EPF in December last year.
The ratification of the 8.65 percent interest on EPF will enable the retirement fund body EPFO to credit this rate of return into the accounts of four crore subscribers.
Could it be that the privileges these pump owners once enjoyed – of cash transactions, of favourable deals and of shortchanging customers – are now coming to a close in a digitized and more transparent age?
It is not just an economical challenge Modi will have to face, but political as well.
The median consensus in the poll of more than 35 economists, conducted between 10-19 April, was for the policy repo rate to remain at 6.25 percent until the fourth quarter of 2018 at least, and the reverse repo rate at 6 percent
Economists caution that the move could encourage indebted farmers not to repay loans, deepening malaise at public sector banks already saddled with most of India's $150 billion in stressed loans
Jaitley is leaving tonight on a five-day visit to the United States to attend the Spring Meetings of the World Bank and IMF as well as deliberations of G20 nations.
L1 visas facilitate the temporary transfer of a foreign worker in the managerial, executive or specialised knowledge category to the US to continue employment with an office of the same employer.
Nearly 86 percent of the H-1B visas issued for workers in the computer space go to Indians and this figure is now sure to be scaled down to about 60 percent or even less, the paper said.
Dealers' body representatives told the media on Tuesday that their decision was in line with Prime Minister Narendra Modi's recent call to save petrol and diesel.
The Indian government in February had pegged GDP growth at a higher-than-expected 7.1 per cent for the current fiscal despite the note ban.
The monsoon forecast is critical for us since around half of India’s agricultural production consists of kharif crops which are largely rain-fed.
Railways has failed to achieve even its revised passenger revenue target for the fiscal while freight revenue has declined significantly year on year
The minister emphasised that prescribed limits for radiation emissions in India are more stringent than global norms.
In its report on South Asian Economy, the World Bank said that "significant risks" to economic growth could emanate from fallout of demonetisation on small and informal economy, stress in the financial sector and uncertainty in global environment.