Government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.
As many as 550 jobs have disappeared every day in last four years and if this trend continues, employment would shrink by 7 million by 2050 in the country, a study has claimed.
Over 2 crore formal sector workers will soon have an option to choose health insurance products available in the market in lieu of the mandatory scheme run by the Employees State Insurance Corp (ESIC).
Consumer Voice, a voluntary action group, on Sunday urged the GST Council to levy the highest, "sin tax" of 40 percent on all forms of tobacco products, including cigarettes, beedis and smokeless tobacco.
Exhorting the BRICS Business Council to work with member countries for strengthening mutual trade, Prime Minister Narendra Modi on Sunday said events like the first BRICS Trade Fair help to generate greater business awareness and commercial exchanges.
"In India, we`ve undertaken substantial reforms in the last two years to streamline and simplify governance, especially doing business in India," said Prime Minister Modi.
"I firmly believe that the simultaneous development of Brazil, Russia, China, South Africa and India is the best bet for global growth and development," Modi told leaders at the summit venue in Benaulim, a town in the western state of Goa.
Seeking to allay fears arising from dud loans pile-up, veteran banker K V Kamath said interest rate cuts will give troubled lenders Rs 2.5 trillion boost through treasury gains that will help the system tide over troubles and also ease pressure on growth capital.
With both retail and wholesale inflation easing, the Reserve Bank may cut policy rates by another 25 basis points this fiscal, India Ratings said.
The development bank set up by the BRICS group of emerging economies will ramp up lending to $2.5 billion next year after making its first loans to back green projects, its president KV Kamath told Reuters.
Passengers flying in and out of the nation's financial capital should brace for long delays from Tuesday till the end of November as the only runway of the nation's second busiest airport will be shut for five hours for repair work.
Having accorded top priority to skill development, the government now aims to impart skills to around 40 crore people by 2022 for which it will formulate a national plan by March next year.
One would indeed find it shocking that central government, so far, has not extended the salary hikes and other benefits announced under the 7th Pay Commission to the personnel of autonomous bodies and Boards falling under different central ministries.
Prices of non-branded Diesel in metro-cities
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Petrol price was on Saturday hiked by Rs 1.34 a litre, the fifth increase in two months, and diesel by Rs 2.37 a litre on back of spike in global rates.
Batting for a new credit rating agency backed by BRICS group, New Development Bank president K V Kamath on Saturday said methodologies of the big three global agencies are constraining growth in emerging nations.
In a path-breaking move, the mines ministry today came out with mining surveillance system (MSS), a pan-India surveillance network using latest satellite technology, to check illegal mining.
India and Russia on Saturday signed agreements across multiple sectors following delegation-level talks co-chairedd by Prime Minister Narendra Modi and Russian President Vladimir Putin here.