The Fourteenth Finance Commission, which was scheduled to submit its report on the devolution of funds from the Centre to the states on Friday, has been given an extension of two months to finalise its recommendations.
A special court today granted bail to former coal secretary H C Gupta and four others, including two serving public servants, in a coal blocks allocation scam case.
The government today announced a two major reforms in the road sector-- modernising 350 toll plazas across the country with electronics facility and making highways with less than Rs 50 crore investment toll-free-- that are expected to save Rs 60,000
India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.
As the Modi government deliberates on reframing the norms of the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) scheme, one the largest job creation programmes in the world, a sharp cut in funding manifests its intentions to squeeze the
India's fiscal deficit was Rs 4.39 trillion ($71.5 billion) during April-September, or 82.6% of the full-year target, government data showed on Friday.
The Tea Board of India is planning to integrate small tea growers in different parts of the country, by bringing them in one platform, which will allow them to auction what they cultivated.
Inter-ministerial panel Telecom Commission is scheduled to meet on November 7 to discuss next round of spectrum auction along with broadband project and TRAI's recommendation on indoor wireless telephony.
Asiaphoria, the idea that the global centre of gravity will shift to China and India, has almost become conventional wisdom. But challenging this view are economists Lawrence ‘Larry’ Summers and Lant Pritchett.
The US International Trade Commission (USITC) has launched an investigation to examine "significant changes" to India's trade and investment policies since the new Modi government came to power.
The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees.
Russia has agreed to resume gas deliveries to Ukraine through the winter in an EU-brokered deal reached by the three parties in Brussels, an EU source said.
To cut its fiscal deficit to a seven-year low, the government has undertaken an austerity drive, with a ban on government officials travelling first-class on flights, as well as departments purchasing vehicles and holding meetings at five-star hotels.