The reason behind issuing new bank licences is to allow more private sector entities to set up banks
On his maiden visit to Bihar after assuming power, Prime Minister Narendra Modi on Saturday said politics had hampered the development of the state and promised to give more than Rs 50,000 crore special package to the poll-bound state at the right time.
With months to go for the Karnataka assembly elections, the man in the hot seat, Chief Minister Siddaramaiah says he'll make billionaire jeweller Nirav Modi and the Punjab National Bank scam an issue in the upcoming Karnataka elections . In an interview to CNN-News18's Deepa Balakrishnan, the CM also says that Hindutva is not a campaign issue in the state.
The opposition has decided to continue with their winning streak and further embarrass the government.
The government's subsidy bill towards oil, fertilisers runs into lakhs of crores of rupees.
'An expanding army, rising salaries due to the 7th pay commission, and raised pensions due to OROP are consuming money at the cost of badly needed bulletproof jackets, rifles, artillery, submarines, warships and fighter aircraft,' notes Ajai Shukla.
The Telangana Group of Ministers on Friday reviewed the progress made by the Andhra Pradesh government with regards to the bifurcation of the state on various fronts.
The finance minister said the economy had been slowing.
Thirty-five Union ministers on Friday huddled in a strategy meeting for an image make-over for the government on a day when Congress began its foot march against the land bill from the symbolical Bhatta Parsaul village.
Finance Minister Arun Jaitley on Tuesday assured Rajya Sabha that the Centre will fulfill all commitments made towards Andhra Pradesh in 'letter and spirit', following protests by some Congress members.
'Though federal, the Constitution is unitary in nature. All matters relating to revenue are centralised. It is necessary that matters related to finance have to be decentralised... States need more freedom in designing schemes with their interest in mind. There has to be a Constitutional amendment to give more powers to the states. A special session of Parliament should amend the Constitution, especially the 7th Schedule,' Kerala Finance Minister K M Mani tells Rediff.com's Shobha Warrier.
RBI's latest rate cut will bring down home, car loan's EMI.
The Budget has stuck to annual increases in agri credit targets.
Market hopes govt will hike capital expenditure.
From linking innovation with supply of inputs to providing contract farming, the private sector can help agriculture move to the next stage of development.
Why do I want to bring corporate tax from 30 per cent to 25 per cent? I have to attract investment in this country -- not just international but domestic.
Most expect the Budget to be path-breaking.
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The new capital of Andhra Pradesh is expected to be in the Vijayawada-Guntur region.
The ministers quit their posts in protest against central govt to grant special category status to Andhra Pradesh.
Rangarajan said that growth has many dimensions to it.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The Economic Survey states that the rationalisation and reprioritisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure more towards inclusive development.
The really disturbing numbers relate to inequality.
'Delhi is regretting its decision of electing Arvind Kejriwal.'
The Economic Survey was tabled in the Parliament on Friday.
'The middle class is already alienated.' 'If the stockmarket is destabilised, the BJP is finished; the party will lose in every town.' 'And if the stockmarket crash happens now, the BJP will not cross the 150 mark in 2019.'
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Here's what celebrities had to say about Arun Jaitley's Budget.
India's real GDP growth is set to exceed 7 per cent for CY-2015.
Reform ideas do not occur overnight and evolve over the years.
Why India is an attractive investment destination
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.
'The TDP walking out of the NDA is a victory for the YSRCP.' 'The YSRCP wanted it to happen so that it would help them in coming elections.'
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.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
An interview with Amit Mitra, the finance minister of West Bengal.
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