Business

Referring to "very limited authority" of the central bank, Urjit Patel said the RBI cannot remove PSB directors and management, it cannot enforce mergers in PSBs nor it can trigger liquidation of state-owned banks.

Companies linked to Nirav Modi and his uncle Mehul Choksi defrauded PNB to the tune of Rs 13,600 crore. Choksi's Gitanjali Group defrauded Rs 7,080.86 crore while the rest is attributed to companies of Modi.

Risks like the higher minimum support prices (MSPs) for food grains promised in the budget, according to them, can push up the inflation in the next fiscal year.

The main sectors that received maximum foreign inflows include services, computer software and hardware, telecommunications, construction, trading and automobile.

Data released by the Central Statistics Office (CSO) showed that the rate of price rise in the consumer food segment was lower at 3.26 per cent in February, as against 4.7 per cent in the previous month.

The decision comes hours after an A320 neo aircraft of IndiGo suffered engine failure mid-air and made an emergency landing at Ahmedabad airport.

The Council had in its October 6 meeting last year noted that exporters were experiencing difficulties of cash blockage on account of upfront payment of GST on the inputs, raw materials and finished goods imported or procured for the purpose of exports.

The government has allowed businesses to consider only the value of taxable supply for the purpose of generating e-way bill in cases where sales invoice includes both exempted and taxable supply of goods.

BJP MP Subramanian Swamy called Gautam Adani the 'biggest NPA trapeze artiste in PSUs'.

Fitch has a BBB, the lowest investment grade sovereign rating on India, with a stable outlook.

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In newly-released government documents to the US Security and Exchange Commission (SEC) and reported by CNBC late Monday, Alphabet has published details about the structure of its overall businesses.

A list of 9,491 "high risk financial institutions" has been published by the Financial Intelligence Unit (FIU) that works under the finance ministry to check crimes in the Indian economy and alert enforcement agencies against such instances.

Dealers said dollar's weakness against other currencies overseas and early gains in domestic equity markets supported the rupee.

"Somethings you invest but you don't get any immediate outcome. We did tie up with Flipkart, Snapdeal and taxi aggregators, but the outcome is not as per our expectations," chairman Ranjish Kumar said at an event over the weekend.

The Oxfam report noted that India ranks among the most unequal countries in the world on all parameters of income, consumption and wealth and the reason behind this is the "lopsided" policy choices made by successive governments.