The overall profile of Rajan, who's a professor at the Chicago Booth School of Business and has served at one of the top institutions across the world, also makes him a suitable choice among the front-runners for the top job at IMF.

The government is in discussions with multiple foreign lenders, including Germany's state-owned development bank KfW Group, the World Bank and some Canadian institutions to extend lines of credit to small enterprises, one of the officials, who did not want to be identified, told Reuters.

New studies have found that there is more to growing contractualisation in the formal sector and preponderance of small-sized manufacturing establishments in India than just rigid and size-based labour laws.

Hiring through contract is on the rise, which the economists and labour unions think will adversely affect productivity and human capital, although industry is batting for it.

The auditors recently noted that the company's ability to raise funds has substantially impaired and the business has come to a standstill because of challenges in fresh disbursements

The details that Switzerland would share with Indian tax authorities would include account numbers, credit balance and all kinds of financial income for each Indian client of every Swiss financial institution

The Budget will lower to a large extent the liquidity stress in the financial sector

PNB Fraud: The bank fraud includes domestic exposure of Rs 3,191.51 crore at the PNB's Chandigarh branch, overseas exposure of Rs 345.74 crore at its Dubai branch and Rs 267.9-crore exposure at its Hong Kong branch

Public sector lender Punjab National Bank said on July 6 it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the Reserve Bank of India (RBI).

It's another question how the government will spend Rs 20 lakh crore per annum on infrastructure alone when its annual earning is around Rs 20 lakh crore.

Budget 2019: The Budget is expected to reflect the will and desires of the people, and to attain this objective, detailed consultations are held by the finance minister and the government of the day with a broad spectrum of people.

As per to the Economic Survey 2018-19, the central government should notify a \"national floor minimum wage\" that can vary broadly across five geographical regions

Budget 2019: Indian economy will reach $3 trillion in current year, it is well within our capacity to reach $5 trillion economy in few years, says FM

To compare interest rates is indeed important when exploring loan options, but one must thoroughly dive into terms and conditions to evaluate the impact of commission, penalty on late payment, moratorium and tax benefits.

The government does not have any plans to infuse funds in privately-held shadow banks, she said in a written reply.

In the latest one - 35th GST Council meeting held in Delhi on June 21 - several key decisions, including the extension of the date for filing annual GST returns by two months to August 30 and introduction of a new single-form GST return filing system from January 1, 2020, were taken.

India remains ranked very low when it comes to money parked by Indian individuals and enterprises in Swiss banks; among the top-ranked jurisdictions, the UK is followed by the US, West Indies, France and Hong Kong in the top five