The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
A Supreme Court advocate and an Indian Institute of Technology Delhi alumnus, Somnath Bharti is convinced that he is today in a position to transform the judicial system of the country. Somesh Jha reports
The party will soon set up a team of around 500 members to increase funding.
As it takes the national ground, the party is examining what blend of tools and technology would work in both rural and urban parts, says Somesh Jha
Little indication of growth surge in either industry or services till well into FY14.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
Social media-savvy party to metamorphose its mouthpiece for volunteers into a newspaper to reach out to all voters. Somesh Jha reports
Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan may have found the Reserve Bank of India (RBI)'s inflation projections on the higher side, but independent experts agree with the central bank and expect both wholesale and retail prices to remain high.
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
The study, 'socioeconomic effects of broadband speed: a microeconomic investigation', says in emerging countries like India, setting up a new broadband connection of speed 0.5 Mbps could lead to an increase in household income by $800 a year, which means Rs 50,168, according to the latest currency conversion rate (a dollar was Rs 62.71 as on Friday).
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
On a relative worldwide scale of 0-100, the search value index of the rupee stood at 100 in August so far.
Softening of global commodity prices might not help much
Unless supported by investment, any spark of a recovery could be temporary, hint economists.
Experts believe the surge in illegal mining is due to vested interests of politicians
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According to the latest data, until May, 48.3 per cent of the total 207 projects worth Rs 1,000 crore (Rs 10 billion) or above, also termed as mega projects, faced delays and witnessed a cost overrun of 19.2 per cent from the originally-sanctioned Rs 656,000 to Rs 781,000.
Officials asked what the point was in going through banks when the government has to give guarantees.
In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
Though inflation, on the basis of the wholesale price index, is nowhere near the 1990-91 level of 10.26 per cent and India is in a much better position to check it, the greater integration of our economy with the globe has exposed it to a much higher risk of imported inflation.
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