Category: Corporate Governance
-
Modi invites Israeli defence firms to make in India, both countries pledge to fight terror
New Delhi : India and Israel on Monday pledged to fight terror as the two countries sought to broadbase their relationship on the silver jubilee of establishment of their diplomatic ties with Prime Minister Narendra Modi inviting Israeli companies to take advantage of the liberalised FDI regime in defence sector and to make more in…
-
Exports rise to $27 bn in December
New Delhi : India’s exports grew to $27.03 billion in December 2017 from $26.19 billion in November 2017 and $24.05 billion during the corresponding month of the previous year, official data showed on Monday. According to the Ministry of Commerce and Industry, exports during last month exhibited a growth of 12.36 per cent on a…
-
NCDEX starts first agri-options trading in guar seed
New Delhi : The National Commodity and Derivatives Exchange Ltd (NCDEX) on Sunday unveiled India’s first agri-commodity options in guar seed designed as a hedge for farmers to safeguard against price risks. The agri-options trading has been launched here by Finance Minister Arun Jaitley at a time when data shows a dip in agriculture growth…
-
Indian Navy looking at more P-8I ‘submarine killers’: Admiral Lanba
By Gulshan Luthra, New Delhi : The Indian Navy is considering the acquisition of more Boeing P-8I aircraft for surveillance and Anti-Submarine Warfare (ASW), according to Navy chief Admiral Sunil Lanba. In an interview to the magazine ‘India Strategic’, Admiral Lanba said that air surveillance capability is an important subset of naval operations and that…
-
Air India opened up for foreign investment, 100% FDI allowed in single brand retail
New Delhi : Ahead of the World Economic Forum in Davos which Prime Minister Narendra Modi will attend this month, the Union Cabinet on Wednesday opened up Air India for foreign investors and brought in changes in key sectors by allowing 100 per cent foreign investment in single brand retail and construction development through the…
-
Districts to be export units, looking at logistics ministry: Prabhu
New Delhi : The Union Commerce Ministry has decided to make the country’s districts as the operative unit as part of a revamped strategy for boosting exports that would incentivise the states, and has asked them to appoint nodal officers at district level towards this end, Commerce Minister Suresh Prabhu said on Monday. Briefing reporters…
-
Government hopeful of higher GVA in agriculture sector in 2017-18
New Delhi : Following release of the Advance Estimate (AEs) of GDP and GVA for the economy for 2017-18, the Ministry of Agriculture and Farmers’ Welfare on Sunday said that the agriculture sector is estimated to register a higher GVA in the next financial year. As per data released by the Central Statistics Office, the…
-
CSTM not to lose World Heritage site tag by converting offices into museum: Railways
By Anand Singh, Mumbai/New Delhi : The Chatrapati Shivaji Maharaj Terminus (CSTM) building would not lose its Unesco World Heritage site tag even if it shifts the Central Railway offices from there to convert the office space into a museum, Railway Ministry officials claim. The Central Railway had , in December 2017, sought permission of…
-
Credit growth surges post bank recapitalisation: Government
—
by
New Delhi : The central government’s recent decision to recapitalise public sector banks (PSBs) has led to a surge in credit growth, the government said on Saturday. Finance Minister Arun Jaitley said that credit growth would go further up once the infusion of capital takes place into the baking system. According to Financial Services Secretary…
-
‘Ex-RBI head warned against loan waiver promises by parties’
New Delhi : An ex-Governor of the Reserve Bank of India (RBI) had pointed to the risks in the practice of political parties promising loan waivers during poll campaigns to the Election Commission, Parliament was informed on Friday. In a written reply submitted to the Lok Sabha during Question Hour, Finance Minister Arun Jaitley said…