Business

With regard to quota reforms, IMF chief Christine Lagarde said the large emerging market economies are now in the top 10 list of members including India.

Mallya is learnt to be taking expensive legal opinion on the options open to him -- which would be known very soon as the ED wants him back in India on March 18.

IDBI bank broke all norms in extendng Rs 900 crore loan to kingfisher airlines.

The state which is still recovering from the recent widespread violence during Jat agitation is trying to woo investors.

Regretting that only "one among the 17 lenders who owed money, had declared KFA as a wilful defaulter, Sinha said the loans in question were taken between 2004 and 2012, while the CBI filed the case only in July 2015.

"These measures will have the potential to create gainful employment, build domestic demand and thereby revitalise the economy amidst the current global economic turmoil," Rao said.

The government may consider bringing down its stake in state-owned IDBI Bank to below 50 per cent.

The sector is expected to touch an estimated share of 9.5 per cent of GDP and more than 45 per cent in total services export in 2015-16, the economic survey said.

The corporates feel that there is a needs to restore the confidence of the private sector by furthering the reform process that is already under way to improve ease of doing business

Officials confirmed the 90-minute meeting, but refused to say what the agenda was.

The NSE Nifty cracked below the 7,100-mark, by falling 47.10 points, or 0.66 per cent, to 7,062.45.

Budget should focus on stepping up the pace of investment for achieving higher growth and job creation,says CII.

The domestic currency resumed lower at 68.65 as against previous closing level of 68.61 at Interbank Foreign Exchange (Forex) market and dropped further to 68.70 on initial dollar demand from banks and importers.

Budget speech of Finance Minister Arun Jaitley on February 29 may have this amendment coming.