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Cabinet approves creation of chief of defence staff

The CDS will be a four-star general and his salary will be equivalent to that of service chiefs. IMAGE: The three Service Chiefs, Indian Army Chief General Bipin Rawat, Indian Air Force Chief RKS......

First chief of defence staff by Jan, Gen Rawat frontrunner

Gen Bipin Rawat is due for retirement on December 31 and top government sources said, if everything goes according to plan, the government would name him as the country's first CDS before he hangs......

Chief of Defence Staff will need to show tough love

'Since each chief single-mindedly pursues his service’s interests in the competition for turf and in core matters such as budget share. The CDS, therefore, must act as an “honest......

4-star or 5-star? Status of CDS remains unclear

Given Prime Minister Modi’s emphasis on “sharp(ening) coordination” rather than “joint command”, analysts are guessing that a four-star permanent chairman of the......

Appointment of CDS is a game-changer

'Earlier the planning process was services specific, with others coordinating. 'Now we shall have an apex leader backed by a structure, who is accountable to provide single-point advice, based on......

Industry warning over regulation of CEOs' pay

Corporate India on Monday warned the government that any regulation of CEOs' pay may lead to flight of talent and capital from the country and said salaries are best decided by the industry. "Any......

FIs to take over Dabhol's overseas debt

Indian institutional lenders have finally decided to take over the $640 million [Rs 2,900 crore (Rs 29 billion)] overseas debt and export credit guarantees of Dabhol Power Company by floating a......

Fresh investments elude airlines

In 1999, Prime Minister Atal Bihari Vajpayee had announced grand plans for the civil aviation sector. Five years later, there has been little movement on the ground.A comprehensive civil aviation......

FM hints at stricter audit norm

Finance Minister Jaswant Singh on Friday indicated radical changes in auditing norms including disqualification of auditors if they are found to have 'financial relationship' with companies as......

There's enough for two years' oil

Finance Minister Jaswant Singh has said the country will be able to meet its oil needs because it has the forex buffer to meet around two years' imports. The minister was talking to reporters......

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