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Mega expansion of NREGS today
As vast parts of the country reel from the effects of a drought, the second UPA government will unveil a mega expansion of its flagship National Rural Employment Guarantee Scheme (NREGS) on August 20, which coincides with late prime minister Rajiv Gandhi’s birth anniversary.

Jaimini Bhagwati: Whither economics and finance?
Jaimini Bhagwati / August 21, 2009, 0:43 IST

News of the day

Stamp duty in urban areas reduced to 5%
The Orissa government today approved an amendment to the Orissa Development Authority Act and Orissa Town Planning and Improvement Act, reducing the stamp duty in urban areas to 5 percent from 8 percent at present and waiving the collection of additional 3 percent as town area surcharge.
Small Business

Total inflow of funds in India to be $ 40 billion in 2010: Uday Kotak

Hinting at a buoyant economy in 2010, Uday Kotak, vice chairman and managing director, Kotak Mahindra Bank Ltd said that the total inflow of funds in India, comprising of insurance, FIIs and mutual funds may touch $ 40 billion. - "Banks to take cue from RBI policy to decide rates" - Loan rejected? no sweat - Kotak ties up with Russia"s top i-bank - Kotak bets big on M&A deals, ties up with Russian bank - Kotak Mahindra Bank eyes acquisitions in India - Kotak Mahindra gets $51 mn credit from WB entity While domestic consumption and proper infrastructure would be the key factors to propel the Indian economy into the higher growth trajectory, a growth rate of 8 per cent seems possible to accomplish in 2010-11, according to Kotak.The three-day conclave, which will revolve around the theme of "Managing Finance: Sustaining Shareholder Value".


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