The combined total wealth of 63 Indian billionaires is higher than the total Union Budget for fiscal year 2018-19 which was at Rs 24.42 lakh crore, according to a new report from Oxfam released on Monday ahead of the World Economic Forum (WEF) annual meeting here.
While addressing a press conference, Telecom Regulatory Authority of India (TRAI) Chairman Dr RS Sharma informed about the new prices set up for the TV channels. He said, ‘Under the new framework the MRP for a channel which was earlier Rs 19 has been brought down to Rs 12. Any channel less than or equal to Rs 12 will be able to be a part of the bouquet.
India’s financial system remains stable notwithstanding weakening domestic growth, said the Reserve Bank of India (RBI) while releasing December 2019 Financial Stability Report (FSR) here on Friday.
Public sector banks (PSBs) disbursed Rs 2.39 lakh crore to micro, small and medium enterprises (MSMEs), non-banking finance companies (NBFCs), corporates, retail and agriculture sector borrowers in November, raising the total disbursement since the launch of their customer outreach in October to Rs 4.91 lakh crore.
India plans to spend Rs 100 lakh crore on building and upgrading public infrastructure over the next five years, Finance Minister Nirmala Sitharaman said on Tuesday and asked multinational corporations to participate in various upcoming greenfield and brownfield projects.
The recent market trends and financial analytics suggest that the Indian economy is on retreat instead of a much-estimated blossom.
Equity benchmark indices scaled fresh new highs on Wednesday and ended half a per cent higher due to heavy buying in auto, metal and pharma stocks. The bull run continued amid positive underlying sentiment and optimism surrounding the signing of US-China trade deal’s first phase.
There will be strategic disinvestment of BPCL’s shareholding of 61.65 per cent in NRL along with transfer of management control to a CPSE operating in the oil and gas sector, she said.
Post-demonetization study by Velocity MR observes that 74 percent of the Metro population sees today’s increased cashless transactions as a direct result of the demonetization policy.
India has remarkably improved in ease of doing business, reported World Bank in its ease of doing business 2020 survey.