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Karnataka govt requests European Investment Bank to fund state projects

The Karnataka government on Friday urged the European Investment Bank (EIB) to fund other projects in the state. At the signing of the agreement between…

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Budget 2019: SJM flexes muscles; tells govt to focus on pro-farmer initiatives, not fiscal deficit

As the BJP gears up for the general elections, their ideological parent Rashtriya Swayamsevak Sangh’s (RSS) economic thinktank, Swadeshi Jagran Manch, passed some resolutions at…

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SEBI allows segregation of distressed assets by mutual funds for investors’ interest

Creation of segregated portfolios is a mechanism to separate illiquid and hard-to-value assets from other more liquid assets in a portfolio. It prevents the distressed…

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7th Pay Commission: Increase in pension, tax exemption likely to be confirmed next week

7th Pay Commission : In December, as an early New Year bonanza to government employees, the Modi government had decided to tweak the New Pension…

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Fiscal deficit of 3.3% is just a number, can go up to 3.55%: party colleagues, advisors comfort FM Arun Jaitley

With general elections 2019 round the corner, the government looks set to go on a spending spree, offering freebies and sops. This may include direct…

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Sebi issues norms for mutual funds investments in derivatives

Markets regulator Sebi has decided to allow mutual funds to write call options subject to certain conditions. Generally, call options refer to an agreement that…

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Budget 2019 should bring debt, hybrid funds under Section 80C

Despite being an interim budget, there is no hard and fast rule which stops the outgoing government from framing any new major policies or benefits,…

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Govt plans to raise $11.21 billion from state asset sales in FY 20

The Indian government is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal…

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Naresh Goyal may step down from Jet Airways board, but on one condition

Jet Airways Chairman Naresh Goyal could soon step down from the restructured board of the beleaguered airline provided UAE-based Etihad Airways, which holds 24 per…

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Kumbh Mela 2019: At Rs 4,236 crore, this year’s mela in Prayagraj is costliest ever

Yogi Adityanath-led Uttar Pradesh government has allocated Rs 4,236 crore for the Kumbh Mela 2019, an iconic Hindu festival that is celebrated every six years,…

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