The government on Wednesday took the first step towards consolidation in the oil sector by approving sale of its entire 51.11 per cent shareholding in India’s third-biggest fuel retailer Hindustan Petroleum Corporation (HPCL) to state-owned oil explorer Oil and Natural Gas Corporation (ONGC).
With focus on creating 3-4 global sized banks, the government is working on a consolidation plan to reduce the number of public sector banks (PSBs) from 21 to 12.
It is not possible to isolate the impact of demonetisation on India’s GDP as economic growth of a country depends on a number of factors, including monetary ones, the government said on Tuesday.
The Securities and Exchange Board of India (Sebi) has released a discussion paper earlier this month, soliciting feedback from market participants on how to grow and develop equity derivative markets in the country.
Opposition members in Rajya Sabha today strongly raised the issue of agrarian crisis in the country, saying farmers were being forced to do distress sale of crops in the face of cheaper zero-duty imports.
Finance Minister Arun Jaitley today described the Goods and Services Tax (GST) as a "win- win" deal for all as it will expand the tax net, end "inspector raj" and bring down prices of goods.
Cabinet likely to decide on merger of oil giants
More civilians, security forces injured in 2016 than in 2010
With Air India’s sell-off looking imminent, the carrier’s top boss Ashwani Lohani has assuaged its 20,000 staff that their “genuine and valid” interests would be protected during disinvestment.