"Demonetisation sends a very, very strong signal that the days when the central government was complacent are over. If you misbehave, it will be seen that you pay for it," Panagariya said.
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
Be it loan waiver or DBT transfer, it only helps in creating a "feel good" factor and postpones the problem for some time if structural problems are not handled.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
He said his party wants to eradicate corruption and if "Modiji takes any step against the menace, the Congress party will lend its hundred per cent support".
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
'The Modi government is about privatising profits and nationalising losses.'
K Vaitheeswaran, co-founder of Indiaplaza, one of India's first e-commerce companies, shares the lessons he learnt from its failure.
'There has to be an 18-month transition.' 'But if the government had some prior knowledge that the high value notes were being used for an imminent terrorist activity in the country, then we have to accept the step.'
Businessman P C Mustafa wants Indian Americans to return home, Cognizant CEO Francisco D'Souza outlines how Indian tech companies could grow, Gaurav Dalmia has some investment recommendations while Subramanian Swamy warns that India is flirting with a debt trap.
Actor-model Rohit Khandelwal made India proud by becoming the first Asian, Indian to win Mr World 2016 title.
The Iowa-based institutions of Maharishi Mahesh Yogi have said about only five per cent of the 2,600 Vedic pandits, who were brought to the United States from north Indian villages, have gone missing in recent years.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Silicon Valley is at the heart of the transformation of the global economy -- which has both winners and losers, writes Ajit Balakrishnan.
2 masked assailants shot dead 3 persons carrying bank money in a busy commercial area.
India's state banks are under pressure to improve profitability.
'She really doesn't care if she is called heartless.' 'For her, the job needs to be done. That's all that matters.'
'Poker trains you a lot of skills that chess also prepares you for.' 'The most vital is restraint.' 'You may have seen us, chess players, keeping a blank expression or 'poker face'.' 'The idea is to not give away any information to your opponent.'
Six books were nominated for the Shakti Bhatt First Book Prize this year. The books in contention for this year's cash prize of Rs 1 lakh and trophy are: Boats on Land by Janice Pariat, India Becoming by Akash Kapur, The King's Harvest by Chetan Raj Shreshta, The Wildings by Nilanjana Roy, Foreign by Sonora Jha and a pleasant kind of heavy and other stories by aranyani.
Unbanked customers can expect easier access to banking.
Police said the investigation in the case is still on and so far they have not found any link with cow vigilantes.
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer , casting serious doubt on the U.S. drugmaker's plan for a merger to create the world's biggest pharmaceuticals group.
Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
Parasite's razor-sharp characterisations ensure that the picture is thoroughly entertaining though it falls short of greatness, declares Sreehari Nair.
The government had on Tuesday pegged GDP growth at a higher-than-expected 7.1 per cent for 2016-17 despite the cash blues.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Corporate indebtedness is now twice what it was before the global financial crisis; banks' bad loans ratio is 3.5 times higher.
Infosys announced acquisition of digital commerce company Kallidus for $120 million.
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
Instead of failing young Indians, the government should now focus laser-like on education, skilling, healthcare, and the environment, says Mihir S Sharma.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Premier Li Keqiang highlighted his government's performance in the last one year and the challenges ahead in various fields. Compared to other reports by his predecessors, Li spoke more frankly about the mounting challenges faced by the country. Srikanth Kondapalli on the two recent Chinese parliament sessions.
The ruling AIADMK is leaving no stone unturned to win the Vellore Lok Sabha poll and push its tally to two in the state, with its candidate even donning the skull cap to woo minority votes. But the DMK's stars are clearly on the ascendant in the lone constituency that goes to the polls on August 5. A Ganesh Nadar reports.
'All governments try owning the message, but the Modi-Shah BJP has developed it into a fine art.'
Aadhaar, an ambitious initiative of the previous government, has been used to initiate mandatory attendance for government officials, prisoner identification and by linking it to passports, mobile SIM cards and provident fund accounts.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
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