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business todayNEW DELHI:The government has launched obligatory use of the Public Finance Management System (PFMS) for all Central Sector Schemes with a budgetary allocation of Rs 6. NEW DELHI: The Rs 9 lakh crore package deal introduced by the federal government to spice up the financial system propelled the inventory markets to new highs with the BSE Sensex breaching the 33,000-mark for the first time. By clicking “Create Account”, I affirm that I’ve learn and understood each of the web site terms of service and privateness coverage and that I conform to be bound by them.

Final yr Jason Furman, chair of the president’s Council of Financial Advisers, and Peter Orszag of Citi and Brookings printed a dialogue paper that painted the inequality between firms in darker terms. Finance Minister Arun Jaitley right now mentioned the necessary use of PFMS for all the Central Sector Schemes of the federal government would assist in tracking and monitoring the flow of funds to the implementing agencies.

NEW DELHI: The government has retained the speed of curiosity for the Common Provident Fund (GPF) and different associated schemes at 7.eight per cent for the October-December quarter. That is the Schumpeterian model of competition, the place companies compete for brief stints as monopolists, and after they’re on prime, they’re extra productive and worthwhile than their rivals.

NEW DELHI: After speaking to its over 70{0289a363d54f3d377b195a6feb7165026ae1bf9c18d353a138a9760f58a7f320} subscribers using 2G and 3G technologies for the cellphones to both shift to the Reliance Communications’ (RCom) 4G companies or port out to another service supplier, the ADAG-controlled firm is about to close its Direct-to-House (DTH) service as properly.