Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
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After scrapping the selection of six UPA-appointed bank chiefs, the government has now decided to make significant changes to the selection process.
Spiraling steel prices led the government to cut customs duty by 2.5-5.5 per cent on a range of products from semi-finished to flat and long products for the benefit of MSMEs, that have been at the receiving end.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
The state polls are due in October-November.
Dikshit was elected at a meeting of 42 party legislators in New Delhi on Wednesday afternoon. The meeting was attended among others by All India Congress Committee General Secretary Mohsina Kidwai, Minister of State for Finance P K Bansal and Delhi Pradesh Congres Committee chief Jai Prakash Aggarwal.
'We cannot have bodies putrefying in water.' 'This is a health hazard and it can create a very inflammatory situation.'
The much-delayed insurance bill and the goods and services tax bill are among the 39 bills that are expected to come up during the month-long Winter Session of Parliament beginning next week.
The Board of Control for Cricket in India president Anurag Thakur is set for a showdown with current International Cricket Council chairman Shashank Manohar during the ICC Board meet in Cape Town, where the richest cricket board will specifically push for a three-point agenda that includes bringing back the 'Big Three' module.
Aditi Hardikar says she is proud to honour her parents' sacrifices by giving back to her community and country.
Unlike the regimes of Jayalalitha, Palaniswami and Karunanidhi, ministers are actually getting to make decisions on their own, with the unmentioned rider that they would be held responsible and accountable, observes N Sathiya Moorthy.
The man who could well have been a high-level corporate may have to content himself being deputy chief minister. But other challenges await.
Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.
"The rule of law is under attack. History shall never forgive our present generation if the situation is not changed," the former PM said.
The 41-year-old 'young gun' travelled the length and breadth of the state to strengthen the party at the grassroots level and ensure its comeback.
Patel's closeness to the Gandhi family was undeniable. But unlike others, he resisted the temptation to use it to leverage personal business, says Aditi Phadnis.
Thomas Bach has virtually complete control over the body and by far the biggest influence on whether the Games will go ahead or not. With the Games having only been cancelled in the past due to World Wars One and Two, Bach will undoubtedly do everything in his power to protect the IOC's prime product
According to officials, more clarity might be required with regard to foreign fund managers in the context of Air India divestment.
Also on the anvil is abolition of distinction between Plan and non-Plan expenditure and replacing it with capital and revenue expenditure
This project is part of $46 billion China-Pakistan Economic Corridor (CPEC) package and is covered under the CPEC Framework Agreement.
Civil society groups welcome the submission of a memorandum opposing Aadhaar and other anti-people policies to the prime minister along with a big truckload of signatures numbering 3.57 crore on March 14, says Gopal Krishna
Sunak announced that the Immigration Health Surcharge (IHS) would be hiked from 400 pounds to 624 pounds.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
If convicted, the offences entail a maximum punishment of seven years.
There were reports that some Commission officials were against the Rajan panel's suggestion to replace Gadgil- Mukherjee formula with Rajan Committee's Multi Dimensial Index for allocation funds to states.
Rubbishing Pakistan's claim of a victory in the case, External Affairs Ministry Spokesperson Raveesh Kumar said Islamabad has its 'own compulsions to lie' to its people.
Apart from the second pandemic upsurge in Haryana which devastated its cities and villages, in most districts panchayats stopped inviting BJP-JJP leaders to social gatherings, while a few announced a boycott.
The projects are to be given out on design, build operate, finance and transfer basis and are part of third phase of the National Highways Development Project, the government's programme to develop road infrastructure across the country.
The Muslim Women (Protection of Rights on Marriage) Bill 2017 seeks to criminalise instant divorce, triple talaq. The bill was passed in the Lok Sabha with most of the leading parties in the Opposition, including the Congress, voting in favour, but with caveats.
Foreign Secretary Vijay Gokhale summoned Pakistan High Commissioner to India Sohail Mahmood to his South Block office and issued a very strong demarche .
The Raghuram Rajan committee report for evolving a composite development index of states, submitted to the finance ministry today, has a note of dissent from member Shaibal Gupta.
The impasse over government formation continued in Maharashtra on Friday, eight days after the state assembly poll results were announced, even as the Congress targeted the BJP for "cheating" the Sena.
Minister of State for Defence M M Pallam Raju said it has been recommended that provision be made for NCC junior division/junior wing in the private schools having classes VIII to X/XII at the time of application for registration by the education boards. The plan could be initially rolled out for CBSE and ICSE affiliated schools and later extended to schools under the state education boards.
At $37 per dose, the Pfizer vaccine is much more expensive compared to $3 per dose for the Covishield.
'The Modi government has been taking credit for improvement in respect of the ease of doing business in India.' 'But when I look at the scams I cannot help feeling that it is too easy to do business with banks in India, if one is a Harshad Mehta, Vijay Mallya or Nirav Modi and their tribe,' says former Union home secretary Madhav Godbole.
CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
RBI said at the current juncture, the all-out effort is to maintain and sustain, with the hope that when life is secure, resources, energy and time can be marshalled to rebuild and revive.
On V K Singh branding the deceased as a Congress worker, he said all leaders must be 'sensitive' to the suicide.
