POLICY

  • Government makes use of open-source software mandatory 2 hours 40 minutes ago

    New Delhi: The Indian Ministry of Communications and Information Technology has issued a new policy that mandates the use of Open Source Software (OSS) in government offices across the nation. Currently, the government offices make use of Closed Source Software (CSS) that is licensed under the exclusive legal right of the...
  • Education policy: States raise concern over no-detention till Class 8 March 21, 2015

    New Delhi: Some states have expressed concern over the controversial no-detention policy up to Class-VIII, saying it has led to a sharp fall in academic exercise, at a high-level meeting on the proposed National Education Policy, consultations for which are expected to be over by December. At a meeting of state...
  • India needs to become competitive in infrastructure, tax policy: Arun Jaitley March 21, 2015

    Gurgaon: Advocating easing of entry barriers for global corporations, Finance Minister Arun Jaitley on Saturday said that India needs to become globally competitive from infrastructure to taxation. In his convocation address at the Management Development Institute (MDI) here he underlined the need for relaxing norms for...
  • PM Modi to meet BJP MPs on April 19, ahead of second part of Budget session March 18, 2015

    New Delhi: Prime Minister Narendra Modi will meet all Bharatiya Janata Party MPs on April 19, a day before the second part of the Budget session begins. The Prime Minister has already asked BJP MPs to visit their constituency and take the feedback on various government policies. The MPs will be directed...
  • Government faces potential clashes with RBI over who decides rates March 6, 2015

    New Delhi: Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, the government and central bank remain at odds over how crucial decisions are made. Both sides support the setting up of a Monetary Policy Committee, as first officially proposed in 2014 when a...
  • Twitter boosts efforts to to crack down on impersonation, data leaks February 27, 2015

    San Francisco: Twitter said Thursday it was ramping up efforts to crack down on impersonation on the messaging platform as well as the leaking of personal, private data. The announcement came as an update to Twitter's online safety push announced in December. "We streamlined the process of reporting harassment on Twitter recently;...
  • PM Modi's decisive leadership to bring India, US closer: America February 27, 2015

    Washington: Praising the decisive leadership style of Prime Minister Narendra Modi on both the domestic and foreign policy fronts, a top American spy official told lawmakers here that India under Modi would work more closely with the US on security, terrorism and economic issues, despite maintaining an independent foreign policy. "Prime...
  • Raghuram Rajan went by majority opinion of advisors on RBI policy rate February 25, 2015

    Mumbai: RBI Governor Raghuram Rajan went by the majority suggestion of the central bank's external advisors to wait for signals from the Union Budget before reducing key interest rate, although three of the seven members were for a cut of 25-75 basis point. In the 6th...
  • Rail Budget 2015: Have single window clearance for infra cos, says BMR February 25, 2015

    Revival of investor confidence is key to put economy back on a growth trajectory. The National Manufacturing Policy ("NMP") and the 'Make in India' campaign (along with the National Manufacturing Competitiveness Programme) is expected to position India as the 'business partner' for creating a 'world class manufacturing hub'. While manufacturing...
  • Inflation still a concern, says Raghuram Rajan February 4, 2015

    Mumbai: A day after keeping interest rates unchanged, RBI Governor Raghuram Rajan on said inflation is still a concern for the central bank and the monetary policy continues being "conventional". "We still have concerns over inflation. So, given the deflationary environment elsewhere, it is actually easier for us because we...
  • India expected to keep interest rates steady until after budget February 3, 2015

    Mumbai: Having cut its policy interest rate just three weeks ago, the Reserve Bank of India (RBI) is expected to hold rates steady at a policy review on Tuesday, leaving its next move until after the government presents its annual budget at the end of this month. The timing of the...
  • Why 2015 will be defining year for India January 16, 2015

    New Delhi: If there were an annual prize for the "World's Most Hopeful Economy," it would likely go to India. After years of disappointing returns, the world's largest democracy rediscovered vigor in 2014. Stocks rose by a third; foreign investment grew by a quarter; the economy at one stage expanded...
  • RBI cuts repo rate by 25 basis points to 7.75% with immediate effect January 15, 2015

    Mumbai: The Reserve Bank of India on Thursday surprised the market by cutting repo rate by 25 basis points to 7.75 per cent from 8 per cent, with immediate effect, ahead of its policy review on February 3. "Households' inflation expectations have adapted, and both near-term and longer-term inflation expectations...
  • Government may set up centres to make LGBT youth 'normal', says Goa Sports Minister Ramesh Tawadkar January 12, 2015

    Panaji: Goa Sports Minister Ramesh Tawadkar on Monday sparked a row by saying that government is contemplating to set up centres to make LGBT youth 'normal'. Tawadkar said that the LGBT youth will be trained and administered medicine in order to make them 'normal'. The minister was speaking on the sidelines of...
  • PM Modi woos investors at Vibrant Gujarat summit, says India offers demand, democracy, demography January 11, 2015

    Gandhinagar: Prime Minister Narendra Modi on Sunday wooed investors from across the world by presenting his government as business-friendly and portraying India as the idle place for an investment. He said, "India offers you 3Ds - democracy, demography and demand and it will not be found anywhere else in the...
  • Government allows BEML to supply spare parts for Tatra trucks, assures changes in Defence Procurement Policy December 31, 2014

    New Delhi: In a big bang announcement just before the end of the year, the government gave conditional approval for defence deals with banned firms and also assured changes in the Defence Procurement Policy to legalise representatives from foreign defence firms by mid February. and partially lifted the ban...
  • Esther Duflo wins Infosys Prize for Social Sciences for work in development economics December 30, 2014

    Professor Esther Duflo has won the Infosys Prize for Social Sciences for her pioneering work in the field of development economics and her team's contribution in shaping social policies in India. She's the first non-Indian to win the award. ...
  • Government wants to make Northeast a trade & business hub of South East Asia: Kiren Rijiju December 6, 2014

    Agartala: Union Minister of State for Home Kiren Rijiju on Saturday said that the Narendra Modi government has changed the 'Look-East Policy' to 'Act East Policy' to make the North-Eastern region a trade and business hub of South East Asia. "The North Eastern region has 98 per cent of its...
  • A change in the monetary policy stance is likely early next year: Raghuram Rajan December 2, 2014

    The Indian economy is finally showing signs of being back on track. Falling crude oild prices have helped but the RBI Governor is yet to cut rates and wants more time. ...
  • Is the Indian economy on the path of good times? December 2, 2014

    The Reserve Bank of India (RBI) has set a target of 6 per cent for consumer price index by 2016, said RBI Governor Raghuram Rajan adding that inflation is near comfort zone. So now the question arises Is the Indian economy on the path of good times? ...
  • RBI sets 6 pc consumer price index target for 2016 December 2, 2014

    Mumbai: The Reserve Bank of India (RBI) has set a target of 6 per cent for consumer price index by 2016, said RBI Governor Raghuram Rajan adding that inflation is near comfort zone. Talking to Network18, the RBI Governor said inflation has been on the glide path. "We are seeing positive...
  • Live: Inflation is near comfort zone, 6 pc consumer price index target by 2016, says RBI Governor Raghuram Rajan December 2, 2014

    Reserve Bank of India Governor Raghuram Rajan in an interview with Network18 talks on various economic policies. ...
  • Gold prices soar by Rs 840 in biggest single-day gain in 2014 December 2, 2014

    New Delhi: Posting this year's biggest single-day rise of Rs 840, gold on Tuesday regained the Rs 27,000 per ten gram level after a gap of over one month in the national capital, tracking rebounds in global markets. In addition, pick-up in domestic demand from jewellers and retailers for the...
  • Full statement: RBI keeps key rates unchanged in its bi-monthly monetary policy December 2, 2014

    Mumbai: On the basis of an assessment of the current and evolving macroeconomic situation, RBI has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent. Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been...
  • RBI keeps interest rates unchanged at 8.0 per cent, mantains focus on containing inflation December 2, 2014

    Mumbai: As expected, the Reserve Bank of India has kept the interest rates unchanged at 8.0 per cent on Tuesday, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth. RBI said that on the basis of an...
  • Australian Open tweaks heat policy for 2015 December 2, 2014

    Melbourne: Australian Open organisers have tweaked their 'Extreme Heat Policy' for next year's tournament after being accused of forcing players to perform in "inhumane" conditions during a heatwave in January. Despite water bottles melting, ballboys collapsing and players vomiting and passing out when temperatures exceeded 40 degrees Celsius (104 degrees Fahrenheit)...
  • PM Modi to address annual DGP conference today, lay down policy on terror, security issues November 30, 2014

    New Delhi: Prime Minister Narendra Modi will lay down policy on terror and international security issues during the second day of the 49th All India DGPs and IGPs conference in Guwahati on Sunday. The meet comes in the wake of the recent arrest of an ISIS terrorist from Mumbai and also...
  • Facebook finalises its simplified privacy policy; to go into effect January 1, 2015 November 27, 2014

    New Delhi: Facebook, which invited users to comment on its new privacy policy until November 20, is now ready with the final version that will go into effect January 1, 2015. The company has already started sending out notifications informing users of the updated terms, data policy, and cookies policy...
  • Barack Obama heckled over immigration policies in Chicago appearance November 26, 2014

    Chicago: President Barack Obama was interrupted several times by hecklers during a speech on his immigration policy on Tuesday, and their complaint was that his plan did not go far enough in protecting illegal immigrants from deportation. At least four hecklers, all of them women, yelled at the President at the...
  • Centre framing new education policy, to come out by 2015: Smriti Irani November 15, 2014

    Varanasi: The NDA government was framing a new education policy to remove existing loopholes and give maximum and easy access to better education to all sections of the society, Union HRD Minister Smriti Irani said on Saturday. The new policy, she said, is expected to come out next year. "We want...