The Reserve Bank of India today released the fourteenth volume of its annual statistical publication titled Handbook of Statistics on the Indian Economy (HBS) 2011-12. The publication provides time series data on various economic and financial ind
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy and Promotion for permitting foreign airlines to make foreign investment, up to 49 percent in scheduled and non-scheduled air transport serv
The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for permitting FDI in multi-brand retail trading, subject to specified conditions. The proposal had earlier been approved by the Cabinet in its meeting
The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for amendment of the existing policy on Foreign Direct Investment in Single-Brand Product Retail Trading. Vide Press Note 1(2012 Series) dated 10.1. 201
(Special address by Mr. Anand Sinha, Deputy Governor, Reserve Bank of India at the FIBAC 2012 organised by FICCI and Indian Banks’ Association at Mumbai on September 6, 2012) Mr. D. Sarkar, CMD, Union Bank of India, Mr. Pratip Chaudhuri, C
In order to find out the quantum of black money parked by Indians in the country and abroad and to recommend ways to deal with the problem of black money Government had entrusted this work to three institutions in March, 2011. The names of the i
As per the 55th Annual Report on the working and administration of the Companies Act 1956 for the year ended March 2011, the number of foreign companies has increased from 2609 as on 31.3.2008 to 3127 as on 31.3.2011. There has been consistent inc
In view of the problems being faced by NBFC in complying with the extant this criteria on account of their existing portfolio, the RBI modified its directions on August 03, 2012 to include within the definition of ‘qualifying asset’ on
FM’S Statement Regarding GDP Numbers for First Quarter for 2012-13; Emphasizes Once Again the Need to take Quick Decisions to Accelerate Investments and Removing all Bottlenecks to Investments The first quarter GDP numbers for 2012-13 were r
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