All branches of the crisis-hit PMC Bank will now function as the branches of the Unity Small Finance Bank Ltd with the completion of the takeover
The International Monetary Fund (IMF) has cut India's economic growth forecast to nine per cent for the current fiscal year ending March 31, joining a host of agencies that have downgraded their projections on concerns over the impact of a spread of a new variant of coronavirus on business activity and mobility.
As per Companies Act, 2013, the board cannot appoint a person who fails to get elected as a director at a general meeting as an additional director
Government has changed spending norms for Contingency Fund of India, enabling 40 per cent of the total corpus to be with the expenditure secretary
Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical inputs for leather products, in the forthcoming Budget to promote growth of the country's outbound shipments.
Air India is likely to be handed over to Tata Group by this weekend as the government has decided to complete the disinvestment process on January 27
Economy has "some bright spots and a number of very dark stains" and government should target its spending "carefully", said Raghuram Rajan
The India of tomorrow will create huge wealth building opportunities. Will you be prepared?
Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said.
House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation as there is a need for more stabilisation measures to sustain the fledgling recovery.
In a bid to maintain fiscal deficit within the targeted limit, finance ministry has asked ministries to restrict their expenses with revised estimates
Union Finance Minister Nirmala Sitharaman is scheduled to hold a press conference on an 'important economic issue' in the national capital at 4.30 pm on Tuesday.