The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
Indian elections are won and lost on 'negative' imageries and campaigns - but not certainly on 'negativity' as a political trait and electoral creed, asserts N Sathiya Moorthy.
The Bills adopted in 2017 for the same purpose during the AIADMK regime did not get the President's assent.
An executive director of a bank could, for example, be elevated to the post of chairman of a different bank.
A Parliamentary Standing Committee praised the government for the wrestling and boxing facilities at the Sports Authority of India's Sonepat Center but pointed out that "excellence needs to be replicated for other sports disciplines".
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies -- a promoter entity of the Vedanta Resources group -- for the Videocon group. But it has pointed out that the successful resolution applicant is "paying almost nothing" as the amount offered is only 4.15 per cent of total outstanding claim. It noted the hair cut for all the creditors is 95.85 per cent and suggested to both committee of creditors (CoC) and the successful applicant an increase in the payout.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
"There will be some challenges" in the switchover to GST in the short term, Finance Minister Arun Jaitley has warned.
'We are not able to manufacture even low-end products as cheaply as China.' 'We are not buying Chinese goods today out of any love for China.'
The main difference of opinion between RBI and FinMin is over the transfer of the RBI's 'excess' capital reserves. The Jalan panel seeks to convince finance secretary Subhash Garg to soften his dissent note language. The move is aimed at maintaining the now-cordial relations between the RBI and the finance ministry.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
Vinod Rai, the head of the Board of Control for Cricket in India Committee of Administrators (CoA), has hoped that the Cricket Board and the state associations will implement the Lodha Committee recommendations by October.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
India will benefit hugely if the representation of women in Parliament is increased to a just level.
AIBEA has decided to write to the government and RBI against infusing money into Jet Airways. State-owned banks, including SBI and PNB, are the main lenders to Jet.
Suspended police officer Sachin Waze was posted in the Crime Intelligence Unit (CIU) after oral instructions from the then Police Commissioner Param Bir Singh, according to a Mumbai Police report.
Former Finance Minister P Chidambaram is Congress nominee from Maharashtra for the biennial elections to Rajya Sabha while senior leaders Kapil Sibal and Jairam Ramesh have been named from Uttar Pradesh and Karnataka respectively.
The provisions in the FRDI bill do not modify current protections for depositors adversely at all, the ministry held, maintaining that these rather provide additional protections in a more transparent manner.
Siddaramaiah said he was not unhappy about the Congress-JD(S) coalition as was being projected, and there was no doubt about the stability of the government.
Rediff.com's Dominic Xavier introduces you to the new look CCS, the most elite club in government.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.
Experts of the NSG and investigators of the NIA are being sent to Jammu and Kashmir to join the probe into the terror attack.
Seema Verma, who was confirmed by the Senate on a vote of 55-43, will play a key role in the government's bid to repeal and replace" Obamacare and head the Centers of Medicare and Medicaid Services that provides health services to 130 million people.
World soccer's governing body, FIFA, is expected to pass wide-ranging reforms at a Congress in Zurich next Friday, when a new president will also be elected.
In a politically-significant move, Prime Minister Narendra Modi has reconstituted a government committee on commemoration of the 125th birth anniversary of Jawaharlal Nehru which will be headed by him, replacing his predecessor Manmohan Singh.
With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.
Rejecting the demand for referring Insurance Bill to a Select Committee, the government on Thursday said the Congress was 'stonewalling' the key reform measure to deny credit to Prime Minister Narendra Modi before he goes to the United States.
February 6 or 8 likely options; development will be the main theme
Standing committee on finance to also focus on RBI autonomy and citizen's rights.
Negotiations near deadlock, as states oppose Constitution Amendment Bill.
RBI has cited at least 10 areas where it has no control over PSBs.
Finance Minister Arun Jaitley said it has been decided to fix the minimum wages at Rs 350 per day for unskilled non-agricultural workers for 'C' category areas keeping in view the modalities of fixing minimum wages.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
India will ask members of the United Nations to ensure a "zero tolerance" approach towards terrorism besides pressing for an early adoption of the Comprehensive Convention on International Terrorism during the United Nations General Assembly's annual gathering of world leaders.
The Indian economy appears to have slowed down in 2018-19 due to lower private consumption, tepid growth in fixed investment and muted exports, a finance ministry report has said.
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
