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The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI's vision document on payment systems to spur digital economy:...

The RBI has said it will implement the approach outlined in the document during the period 2019 - 2021.

19 May 2019 2:04 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST Council may consider national bench of AAAR next month

Industry is of the view that since both the AAR and AAAR only have tax officers as members.

19 May 2019 12:03 PM IST

The Cabinet on Wednesday relaxed rules for state-owned Coal India Ltd for extraction of natural gas.

Coal supply to power sector rises marginally to 40.7 MT in April

The world's largest coal miner had dispatched 454.2 MT of coal to the power sector in 2017-18.

19 May 2019 10:53 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Life insurers see strong growth

April has particularly been fruitful for the listed players in new business premium. All the four listed players saw...

18 May 2019 2:33 AM IST

The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, CBI said. (Photo: PTI | Representational)

Aviation premium up 33 per cent in FY19

In FY19, total aviation premium written by domestic insurers stood at Rs 544 crore.

18 May 2019 2:19 AM IST

AURIC is located at a distance of 15 minutes from the Aurangabad International Airport and 40 km from Jawaharlal Nehru Port Trusts dry port and container terminal at Jalna.

Industrial city AURIC eyes investment worth Rs 70,000 cr over 12 years

Investment worth Rs 70,000 cr over 12 years can lead to creation of over 1.5 lakh jobs.

17 May 2019 6:38 PM IST

Warning against 'Taliban' tendencies, Anand Mahindra praises Mahatma...

The chairman of Mahindra Group tweeted 'some things must remain sacred.'

17 May 2019 2:54 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil rises as Middle East tensions mounts, set for weekly gains

Brent crude futures were at USD 73.00 a barrel at 0303 GMT, up 38 cents, or 0.5 per cent.

17 May 2019 9:56 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Shadow banks must appoint risk officers: RBI

Banks with more than 50 billion rupees (USD 714 million) in assets must appoint a chief risk officer.

17 May 2019 9:29 AM IST

Higher price realization from competing crops like maize and cotton made many farmers shift to these crops from soybean.

Erratic rains may hurt oilseed, soy

Oilseed output to drop by 10%, soybean by 20%.

17 May 2019 6:40 AM IST

Under open acreage licensing policy, or OALP, companies are allowed to put in an EoI for prospecting of oil and gas in any area that is currently not under any production or exploration licence.

Vedanta bids for 30 oil and gas blocks

Vedanta had walked away with 41 out of the 55 blocks offered in OALP-I last year.

17 May 2019 6:37 AM IST

With only 11 per cent of fresh slippages during the quarter being from standard restructured loans, Icra said that corporate slippages outside the vulnerable book continued.

FIIs bet big on warehousing parks

Interestingly, the total amount of equity commitments to such platforms is at least $2.5 billion over the last two...

17 May 2019 12:18 AM IST