The government has set an ambitious Rs 72,500 crore fund mop-up from the divestment process next FY. The political mandate the BJP got in the recent state polls is expected to give a further impetus to reform measures.
The committee headed by Veerappa Moily said it would recommend for suitably streamlining the NITI set-up, so that they can play their designated role more effectively.
Hinduja brothers – Srichand and Gopi in London, Prakash in Geneva and Ashok in Mumbai – have seen sharp increases in profitability in Ashok Leyland, InduSind bank, Gulf Oil, energy and real estate.
Among the award winners on Friday night was Vandana Sharma, who served for a decade in the Indian Armed Forces, broke several stereotypes around ‘Women in Uniform’ and ventured into the corporate world.
After days of total washout due to paralysis in the wake of demonetisation issue, the government suddenly brought the bill under the revised list of business showing its eagerness to get it passed immediately.
Rajan said: “The approaching end of my three-year term and of my leave at the University of Chicago was, therefore, a good time to reflect on how much we had accomplished.”
Under the proposed scheme, there will be a tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
Initially, Tata Motors is looking at 1 lakh cars a year which will be gradually ramped up. Production at the factory, which may be located in suburban Tehran and Masad, is slated to begin by 2018.
Describing a good policy as the first line of defence for the economy, he said in order to ensure safe borrowings, the country should try to opt for long-term borrowings instead of short-term ones.
According to reports, the ED had asked for financial details from both public and private sector banks and a part of these details were submitted last week.