Though the Union HRD ministry has vehemently denied that Shevgaonkar resigned under government pressure, some allege that this is yet another example of the government exercising its influence over educational institutions
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
Special Economic Zones are likely to be central to realising Prime Minister Narendra Modi's ambitious Make in India agenda.
RBI kept all key rates unchanged in its policy review on Tuesday.
The government recently announced a new formula for determining the price of natural gas, lowering it from $8.4 suggested by the C Rangarajan committee.
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
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.
The total demand has remained subdued mainly due to high interest rates and property prices.
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
The US is likely to have per capita GDP of $57,455, about 20 times India's, indicative of how far India will stand in about a decade.
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
ADB's calculations imply almost half of India's population (47.7 per cent) was below the line in 2010. Both these estimates are based on the year 2005's purchasing power parity rates.
Index of industrial production data had also shown that the sector grew at 3.1 per cent after contracting in the previous quarters.
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
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.
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.
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