Advait Rao Palepu And Somesh Jha

Stories by Advait Rao Palepu And Somesh Jha

Job creation takes a beating in April-June 2017

Job creation takes a beating in April-June 2017

Rediff.com   21 Feb 2018

The number of new jobs created declined by around 65 per cent to 64,000 in April-June 2017, from 185,000 in January-March 2017, according to the Labour Bureau's quarterly report on employment.

Lapses in banking system: Govt seeks RBI's views

Lapses in banking system: Govt seeks RBI's views

Rediff.com   20 Feb 2018

In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator

How govt plans to ensure PNB-style scams don't ever happen

How govt plans to ensure PNB-style scams don't ever happen

Rediff.com   20 Feb 2018

Govt tells PSBs to integrate banking systems, rotate staff as a policy

PNB fraud raises stink over banks' risk management ability

PNB fraud raises stink over banks' risk management ability

Rediff.com   16 Feb 2018

The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved

PSU banks lost Rs 227 bn to frauds in 5 years

PSU banks lost Rs 227 bn to frauds in 5 years

Rediff.com   15 Feb 2018

Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.

No representations from investors against LTCG tax: Sebi chief

No representations from investors against LTCG tax: Sebi chief

Rediff.com   12 Feb 2018

After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."

Govt drops move to make hire and fire easier

Govt drops move to make hire and fire easier

Rediff.com   10 Feb 2018

The decision to drop the proposal was taken last month during a meeting that Finance Minister Arun Jaitley held with labour ministry officials.

Why RSS' labour wing will boycott PM's speech

Why RSS' labour wing will boycott PM's speech

Rediff.com   10 Feb 2018

Calling the Budget 2018 'anti-labour', the Bharatiya Mazdoor Sangh will observe February 20 as a 'black day'.

Budget 2018: Jaitley may have some bad news for the labour ministry

Budget 2018: Jaitley may have some bad news for the labour ministry

Rediff.com   31 Jan 2018

It had earlier proposed cutting it down to Rs 250 crore due to slow progress in enrollment of new employees.

'The cultural base of 9 ASEAN States is Indian'

'The cultural base of 9 ASEAN States is Indian'

Rediff.com   26 Jan 2018

'What India needs to do is to re-build those cultural links in a way it didn't.' 'Clearly, India needs to wake up and spend more time on ASEAN.'

Invested in Bitcoin etc? Get ready for the taxman

Invested in Bitcoin etc? Get ready for the taxman

Rediff.com   20 Jan 2018

Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.

Govt mulls 100% foreign investment in private banks

Govt mulls 100% foreign investment in private banks

Rediff.com   18 Jan 2018

It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent

8% savings bonds scheme not closed, but interest rate lowered

8% savings bonds scheme not closed, but interest rate lowered

Rediff.com   3 Jan 2018

The bond, which the Reserve Bank of India started issuing on behalf of the Union government in 2003, was considered one of the safest savings instruments for retail investors.

Proposal to bring back fixed-term employment on anvil

Proposal to bring back fixed-term employment on anvil

Rediff.com   27 Dec 2017

Under fixed-term employment, workers are entitled to all statutory benefits available to a permanent worker in the same factory. However, employers may not give notice to a fixed-term worker on non-renewal or expiry of his or her contract.

'DB Realty will be back with a big bang'

'DB Realty will be back with a big bang'

Rediff.com   22 Dec 2017

Soon after a special CBI court acquitted all those accused the 2G spectrum allocation case, Somesh Jha spoke to DB Realty Managing Director Vinod Goenka at the crowded Patiala House premises.

'Rising oil price is an important risk factor for India'

'Rising oil price is an important risk factor for India'

Rediff.com   22 Dec 2017

Demonetisation was not a good idea and the time should have been utilised instead to fine-tune the Goods and Services Tax before it was introduced, said Gita Gopinath, John Zwaanstra Professor of International Studies and of Economics at Harvard University, in an interview with Advait Rao Palepu.

Irony at CBI court: Only 2G network available during verdict!

Irony at CBI court: Only 2G network available during verdict!

Rediff.com   22 Dec 2017

Somesh Jha describes the mood at Patiala House courtroom and outside on Thursday during the 2G spectrum case verdict.

'Government doesn't care for workers'

'Government doesn't care for workers'

Rediff.com   19 Dec 2017

'On December 5, the government called unions for pre-Budget consultations.' '12 trade unions were called and the time allotted was one hour which means 5 minutes for each union.' 'We were asked to present our views in about four minutes.' 'That itself is a reflection of how serious the government is about workers' demands.'

India's external debt down first time since 2001-02

India's external debt down first time since 2001-02

Rediff.com   12 Dec 2017

India's sovereign debt is much lower than that of other emerging economies like Argentina, Indonesia, Mexico, the Philippines, and South Africa.

Labour reforms take a hit; no change in hire-and-fire norms

Labour reforms take a hit; no change in hire-and-fire norms

Rediff.com   8 Dec 2017

Protests by central labour unions and widespread criticism from Opposition parties because of job losses on account of demonetisation and the GST have put the contentious labour reform proposals in the slow lane.