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Government orders cadre review, restructuring of I-T department; committee formed

A 12-member panel of senior officials has been created to accomplish the task of restructuring I-T dept.

Option of marrying IBC with settlement schemes can be looked at in future:  Arun Jaitley

However, Arun Jaitley said, various RBI schemes for settlements and restructuring did not bring much result.

Cabinet approves amendment of laws for Aadhaar seeding with mobile numbers, bank accounts

In a step aimed at providing legal backing for seeding of Aadhaar with mobile numbers and bank accounts as an optional KYC, the Union Cabinet, headed by Prime Minister Narendra Modi, has approved amendments to the Telegraph Act and the Prevention of Money Laundering Act, according to PTI. The move comes following the Supreme Court's judgement in September imposing restrictions on the mandatory use of Aadhaar by private companies.

Working to bring 99% items in sub-18% GST slab: Prime Minister Narendra Modi

PM Modi indicated that the 28 per cent slab of GST would only be restricted to a few select items.

View: Should RBI be independent? A pushback is underway, globally, against the tenet of central bank independence

Though important voices have usually supported central banks’ independence, some have also questioned it from time to time.

S&P sounds alarm over government-RBI spat

S&P has an investment grade BBB rating for India with a stable outlook.

Aadhaar verification to resume through QR code authentication

Authentication by Aadhaar through QR codes and other means will likely be available in a few weeks.

A multi-billion question about RBI's reserves

Of RBI’s reserves of Rs 9.7 lakh crore, the contingency fund (which cannot be touched) stands at Rs 2.3 lakh crore while revaluation reserve (or unrealised gain) is close to Rs 7 lakh crore.

Ecommerce policy review may focus on deep discounts: Suresh Prabhu

The policy is likely to propose restrictions for differential & predatory pricing strategies such as deep discounts.

Cabinet approves AIIMS for Tamil Nadu, Telangana

The Tamil Nadu AIIMS would come up at Madurai at a cost of Rs 1,264 crore, while the Telangana's one would be built at Bibinagar at a cost of Rs 1,028 crore, an official statement said.

Industry has to compete on everything, tariff protection temporary: DIPP Secy

Industry has to compete on everything, tariff protection temporary: DIPP Secy

DIPP Secretary Ramesh Abhishek said that the Centre and the states need to work together to provide necessary support to industry to enhance their competitiveness.

Government plans to amend norms pertaining to incorporation of companies

Government plans to amend norms pertaining to incorporation of companies

The ministry, which is implementing the Companies Act, has sought comments from the public on the proposed changes to the rules.

EEPC India flags concerns over exporters losing refunds, possibility of ED action

EEPC India flags concerns over exporters losing refunds, possibility of ED action

EEPC Chairman pointed out that India's overall merchandise exports remained static, logging in less than one per cent growth in November this year.

Sandip Somany takes over as new Ficci President

Sandip Somany takes over as new Ficci President

Sanitary ware firm HSIL's CMD Sandip Somany has been elected as the new President of Ficci.

Transfer of excess reserve may pull down credit rating of RBI: Raghuram Rajan

Transfer of excess reserve may pull down credit rating of RBI: Raghuram Rajan

Rating downgrade would make borrowing costlier for RBI and have implication for the entire economy, Rajan said.

Banning high value notes dragged India's economic growth down: Raghuram Rajan

Banning high value notes dragged India's economic growth down: Raghuram Rajan

Raghuram Rajan said he has seen studies which reaffirm that banning of high value currency notes in late 2016 impacted India's growth significantly.

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