Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
"A very easy solution to suggest is tax-payers must pay because the private sector has defaulted," Jaitley said, adding that bank recapitalisation, where the government puts in more capital in public sector banks to shore up their books, effectively amounted to that. "Therefore, I think let's try and make the private sector pay for their debts or allow somebody else to step in."
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
The fiscal deficit in current fiscal has been estimated at 3.9%.
This meeting came in the backdrop of a controversy raked up by some politicians, including those from Bharatiya Janata Party, Communist Party of India and Trinamool Congress, who objected to the sale of 24 per cent of Jet's equity to Etihad at a cost of Rs 2,058 crore, saying it was not in the national interests.
'For a man who had just received news of his daughter's kidnapping, he showed no sign of anxiety or agitation.' 'Here is a cool customer, I thought to myself.' 'The only thing he said was, 'I would not have been so anxious had they kidnapped my son'.' 'He told me that his daughter Rubaiya, who was a medical intern, was returning home from the hospital in a minibus when it was stopped close to the Mufti's house.' 'She was taken by four armed militants.' A gripping excerpt from Moosa Raza's Kashmir: Land Of Regrets.
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
Why self-audit by NSE, why weren't charges probed under your supervision, ministry asks regulator.
There is no intolerance in India, says Pakistan-born singer Adnan Sami after becoming an Indian citizen on Friday.
Thousands of security personnel, 200 CCTVs and two high-mast, high-resolution cameras and 60 sniffer dogs of paramilitary forces and Delhi Police will also be part of the extensive security arrangement.
"There is a need to apply balm to the wounds of Kashmiri people," she said.
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
'Whatever happens in any part of the world affects us.'
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
RBI has also announced new guidelines to price loans from April 1.
Every move that strengthens Cyrus Mistry's position in companies like Indian Hotels could prolong the uncertainty.
'Significantly, Foreign Secretary Gokhale was received at very high level in Beijing.' 'It only shows China's keenness to move forward and put the relationship on a 'win-win' footing,' says Ambassador M K Bhadrakumar.
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
The Congress's strategy is to get the bill passed in the Rajya Sabha and then try its luck in the Lok Sabha, where it is unsure of the Bharatiya Janata party's support for it. This, say sources, is the GoM's face-saver plan, as the Rajya Sabha's okay will keep the Bill alive for the 16th Lok Sabha.
By 2020, we should have some 10 listed sports companies, with one or two big enough to be on the Sensex
Investors with stalled projects and mounting bad debt will refinance their loans.
Our societies and people have had age old ties and links, says Modi.
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
The finance ministry and the RBI have performed many somersaults in these last 42 days.
After Finance Minister Arun Jaitley presented his fifth straight budget in the Lok Sabha, Bharatiya Janata Party members and ministers from the Cabinet reacted positively to the Budget. Here are some of the reactions.
Claiming that the SP supremo had threatened him with dire consequences, Amitabh Thakur sought protection from the Centre.
The sky turned cloudy around 4:30pm and gusty winds swept the national capital.
FM indicates adherence to fiscal road map, benign tax rates, correction in inverted duty structure
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
Promises have been made in the past about cleaning up bank boards, revamping processes, purging vested interests. How far away is that Promised Land?
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
The 50-share NSE Nifty was trading lower by 24 points.
Marking the culmination of the 67th Republic Day celebrations, the military on Friday held the beating retreat ceremony at Vijay Chowk in Delhi with patriotic fervour.
Former RBI Governor Subbarao blamed Chidambaram for undermining the autonomy of RBI and putting pressure on him to cut interest rates.
The government's fiscal deficit may exceed the target of 4.8 per cent of GDP by 0.50 percentage points in this financial year, and money-guzzling measures like decision to push the Food Security Bill are only expected to complicate the matter.
Amid frequent face offs between the government and opposition, Finance Minister Arun Jaitley on Wednesday said political discourse in the country has become "more vulgar".
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances