Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
The inability of the economy to create new jobs faster than jobs are lost to automation leads to unemployment.
At the end, however, Allen finds too much of what he calls positive thinking can boomerang.
The I-T department had said Vodafone India under-priced shares in a rights issue to its parent. The tax demand was for the two financial years ended March 2011.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
DEA officials to push for this at a meeting with FM Jaitley.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
Naik is passionate about protecting India's manufacturing sector from the onslaught of Chinese imports.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
The Supreme Court has dismissed many petitions in the past but rarely has the country's apex court accused the petitioners of being "stool pigeons" of powerful corporate lobbies.
Part of periodic Article IV consultations on state of the economy; team to have discussions with government as well as banks, private investors and civil society
Many economists say only a substantial rise from October would point to a real recovery.
The stock and foreign exchange markets have had a negative reaction to the government's biggest social security programme, the National Food Security Bill. Food minister K V Thomas questions the rationale behind such a response
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