The Bimal Jalan-led panel has recommended a review of the Reserve Banks Economic Capital Framework (ECF) every five years.
Civil Aviation Minister Hardeep Singh Puri on Tuesday said the number of planes will increase to 2,000 in short to medium term from 540 aircraft when Jet Airways discontinued operations.
The Union cabinet in its meeting on Wednesday would take up proposals to relax foreign direct investment (FDI) in various sectors, including single brand retail and digital media, as announced by Finance Minister Nirmala Sitharaman in her maiden Budget last month.
The transfer of Reserve Bank of India (RBI) surplus will only give marginal relief, while risk to the fiscal remains on account of the expected shortfall in Goods and Services Tax (GST) revenues, Kotak Equities said on Tuesday.
Samsung sold over 75 million smartphones globally in the second quarter (Q2) 2019 and grew its share by 1.1 percentage points (year over year) after witnessing a decline in six consecutive quarters, Gartner said on Tuesday.
South Korean auto major Hyundai plans to start rolling out upgraded BS6 compliant models, including diesel trims, on a regular basis by early next year, a top company official said.
Microsoft India on Tuesday announced the "Digital Governance Tech Tour" programme to skill government IT officials in new-age technologies like Artificial Intelligence (AI) and intelligent cloud computing,
The Central Board of the Reserve Bank of India on Monday decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at the meeting of the Central Board today.