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Latest News and Analysis on Government Finances, Public Financing, Government revenue and spending, Bank Credit, Financial Regulation by government and central bank RBI's policy on banking.

Last Build Date: Wed, 22 Feb 2017 17:18:32 GMT

Copyright: Copyright:(C)2017 Bennett Coleman & Co. Ltd,

VC investments in India decline to $216 million in 2016: KPMG

Wed, 22 Feb 2017 12:29:19 GMT

(image) The decrease was largely due to the lack of mega-deals as actual deal volumes in the country remained steady over the same period.

BHIM app crosses 17 million downloads: NITI

Tue, 21 Feb 2017 10:11:23 GMT

(image) The Bharat Interface for Money (BHIM) app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform.

Indian economy to reach $5 trillion by 2025: Morgan Stanley

Tue, 21 Feb 2017 09:37:25 GMT

(image) With a per capita income of USD 1,700, India ranks well behind some of the key emerging markets, like China, Russia, Brazil, Indonesia, the Philippines, Mexico, and Turkey.

Direct Benefit Transfer leads to Rs 50,000-crore savings for government in 3 years

Sun, 19 Feb 2017 18:52:13 GMT

(image) Though DBT started in 2013 under UPA on pilot basis, it took off in a major way only under Modi govt after the LPG subsidy scheme was commenced through the mechanism.

India emerges 12th largest holder of US govt securities in 2016

Sun, 19 Feb 2017 11:58:36 GMT

(image) With holdings worth USD 1.09 trillion, Japan remained the largest holder of these securities followed by neighbouring China with exposure to the tune of USD 1.06 trillion.

With $36 billion in nine months, FDI may deliver a record

Sat, 18 Feb 2017 01:08:16 GMT

(image) The surge comes even as the government expects growth to slip to 6.5-6.75% in the current fiscal year from 7.9% in FY16 due to global factors.

Jharkhand attracts over Rs 3.1 lakh crore worth of investment

Fri, 17 Feb 2017 15:04:28 GMT

(image) Although the Global Investors’ Summit ends today, but for my team of ministers a new chapter in development begins, Das said.

India's forex reserves slip slightly by $361 million

Fri, 17 Feb 2017 13:27:24 GMT

(image) The foreign exchange reserves have been in a very healthy position over the last few weeks with the RBI having also boosted it by $1.6 bn in the first week of February.

Market borrowings of state governments to rise 22% in FY2018: ICRA

Fri, 17 Feb 2017 08:07:52 GMT

(image) ICRA estimates the state governments gross market borrowings to increase to Rs. 4.5 trillion in FY2018 from Rs. 3.7 trillion in FY2017.

100 days after note ban: E-payments off peak

Fri, 17 Feb 2017 07:16:28 GMT

(image) Banks expect deposits to stabilise soon, as a large value of transactions have moved to electronic channels.

Indian corporates commit nearly Rs 50,000 crore for Jharkhand

Thu, 16 Feb 2017 14:57:58 GMT

(image) “The moment is now,” Ratan Tata told the gathering and observed that the time has come for Jharkhand to join and participate in the excitement of creating a new India.

Adani group to invest Rs 20K crore in Jharkhand

Thu, 16 Feb 2017 14:10:31 GMT

(image) Adani Power Jharkhand Ltd has signed MoU for setting up ultra mega power project in Godda district and construction will start later this year, he said.

Aditya Birla group commits Rs 5,000 crore investment in Jharkhand

Thu, 16 Feb 2017 13:18:50 GMT

(image) The group will actively participate in the future mines auction of bauxite and coal, KM Birla said.

India's General insurance industry grows to Rs 1.03 lakh crore

Thu, 16 Feb 2017 10:53:17 GMT

(image) HDFC Ergo General Insurance has become the fourth largest insurer with around 4.9% after acquiring L&T General insurance.

DIPAM readies blueprint for FY18 divestment

Wed, 15 Feb 2017 10:20:40 GMT

(image) The government will use a multi-pronged approach to meet the divestment target next year.