Prime Minister Narendra Modi described the projects as a new year gift for the people of Odisha to ensure speedy development of the state

Prabhu's assertion came on a day when reports of a Pratt & Whitney engine of an IndiGo A320 neo plane stopping mid-air surfaced

E-tailers, traders welcome new FDI policy; small vendors say 25% limit will deter entrepreneurshipE-commerce firms and trade groups on Wednesday appreciated the new rules for the sector, noting that the norms would help create level playing for all sellers. But small vendors are a worried lot over the condition on vendors to sell only 25 per cent of their products through an e-commerce platform. The monitoring and compliance mechanism of the new policy has been questioned by All India Online ...

Private players can come in later and bid for the commercial area that would be made available at the stations.

Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.

As the NDA government enters its final year, there is a long unfinished agenda that it may not be able to implement by 2019.

While Goyal's tenure as the Finance Minister is going to be ephemeral, the former chartered accountant turned investment banker has already set the ball rolling to improve the financial health of country's public sector banks.

The redevelopment plan has reportedly been assigned to the zonal railways with a one year deadline for completion.

The change in pricing would also alter the ticket fares in premium trains that include 18 per cent GST on catering charges.

Rattled by a spate of frauds in the banking sector, lenders are now planning to increase insurance cover against delinquencies by their employees to protect their bottom lines.

Rattled by a spate of frauds in the banking sector, lenders are now planning to increase insurance cover against delinquencies by their employees to protect their bottom lines.

The government will invite expressions of interest from those interested in buying state-owned Air India Ltd, after the budget presentation on February 1, a top government official has stated.

Last year in June, the Cabinet Committee on Economic Affairs gave an in-principle approval for considering strategic disinvestment of Air India.

Months after the government initiated a process for strategic disinvestment of Air India, a parliamentary panel has reportedly concluded that this wasn't a right time to privatise the national carrier and it should be given at least five years to revive.