13 Sep 2014
New Delhi: Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 percent, a move criticised by a section of the select committee that is evaluating amendments to a Bill pending for four years in Rajya Sabha.
14 Sep 2014
New Delhi: The government is likely to modify the Information Technology Act, 2000 to remove legal obstacles in e-commerce transactions as it seeks to further boost the rapidly expanding over USD 2-billion online shopping market in the country.
10 Jul 2014
New Delhi: The government on Thursday earmarked Rs two crore for anti-corruption body Lokpal and deducted about Rs 94 lakh from last fiscal's Rs 21.29 crore allocation to Central Vigilance Commission (CVC) in the Union Budget.
14 Aug 2014
New Delhi: Accepting the Opposition’s demand, the NDA government on Thursday referred the Insurance Bill to the Select Commiteee of Rajya Sabha and asked it to send the report by the last day of first week of next Parliamentary Session.
04 Aug 2014
New Delhi: A bill was introduced in Lok Sabha on Monday to amend the securities market laws that would give more teeth to Sebi to crackdown on fraudulent investment schemes, seek information from any entity related to a probe and also provide for setting of special courts to ensure speedy trial.
24 Aug 2014
New Delhi: Idea Cellular has launched a mobile wallet service Idea Money which allows customers to conduct transactions like prepaid mobile recharges, DTH recharges, utility bill payments and money transfers.
04 Aug 2014
New Delhi: Reaching out to Congress, Finance Minister Arun Jaitley on Monday said the government is open to minor modifications in insurance Bill for its passage in the current session of Parliament.
21 Aug 2014
New Delhi: The Empowered Committee (EC) of state Finance Ministers on Wednesday resolved to lower the threshold limit for imposing the proposed Goods and Services Tax (GST) from Rs 25 lakh (Rs 2.5 million) to Rs10 lakh (Rs one million) and asked that states be given the legal powers to collect tax from businesses with annual turnover of up to Rs 1.5 crore (Rs15 million).
18 Dec 2013
New Delhi: India Inc on Tuesday welcomed the passage of the Lokpal and Lokayukta Bill in the Rajya Sabha, which seeks the creation of an anti-corruption ombudsman throughout the country.
26 Aug 2013
Mumbai: Rising for the third straight day, the S&P BSE benchmark Sensex on Monday closed 39 points up at an over one-week high on buying in power, capital goods and healthcare shares, amid hopes of higher capital inflows.