INTERNATIONAL US asks India to reduce tariffs, cut red tape New Delhi: United States has asked India to allow more market access through reduction in tariffs and removal of bureaucratic red tape to attract more investments and warned that unless that happened India could be left behind.
NATIONAL India appoints new executive directors for WB New Delhi: Government on May 7 nominated economic affairs secretary C M Vasudev as India's executive director in World Bank, entailing a possible reshuffle in the top echelons of the Finance Ministry.
Bring co-op banks under RBI control: CII president Mumbai: Confederation of Indian Industries (CII) on May 7 demanded that co-operative banks be directly brought under the supervision of the Reserve Bank of India.
BankMuscat plans subsidiary, call centre in India Bangalore: BankMuscat, Oman's largest bank, would soon float an Indian subsidiary, and it also has plans to come out with a debit card and set up a call centre in the country, senior bank officials said on May 7.
Saurav, Kapil, Azhar among tax defaulters: Minister New Delhi: Dispelling impression of government glossing over tax liabilities of cricketers, the Centre on May 7 asserted in the Rajya Sabha that it was pursuing a "pro-active" policy in this regard to mop up Rs.3.81 crore tax dues from 33 such players.
