Defence Minister Parrikar was in favour of granting OROP to ex-servicemen but pressure was exerted on him by his cabinet colleagues on the issue, Ram Jethmalani claimed.
Govt resists pay panel suggestion on scrapping allowances for acting, bad climate, family planning, funeral, robe maintenance and even hair cutting.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
In Madhya Pradesh, the C-Voter poll projections gave the BJP 107 seats with a vote share of 41.5 per cent, against Congress' vote share of 42.3 per cent and a simple majority of 116 seats.
The Centre is likely to announce next month a hike in dearness allowance by 10 per cent to 100 per cent, benefiting about 50 lakh employees and 30 lakh pensioners.
Whilst politicians promise to uphold the honour and interests of our soldiers, the very opposite is being done, says Karan Thapar.
'Whatever happens in any part of the world affects us.'
The delay in receiving the revised pension was due to problems in calculation at his bank's end.
Hundreds of army veterans held a 'Sainik Ekta' rally to press for "honest and truthful justice" as they rejected the One Rank One Pension scheme announced by the government even as some ex-servicemen groups dissociated themselves from the demonstration.
The government is considering appointing a committee under a judge to go into the issue of equalisation of pension, Major General Satbir Singh (retd), who has been leading the 'One Rank One Pension' protest in Jantar Mantar for the last 80 days, said after a meeting with Defence Minister Manohar Parrikar.
App-based taxi aggregator Ola is in talks to raise fresh funding of up to $400 million.
Accusing Prime Minister Narendra Modi of not fulfilling his promises, Congress Vice President Rahul Gandhi on demanded a definite date for implementing the long-pending One-Rank-One-Pension for ex-servicemen as he joined their agitation in New Delhi.
Government is looking at a "middle path" in resolving the "ticklish issue" of 'One Rank One Pension' demand of ex-servicemen, officials sources said.
Finance Minister Arun Jaitley will take a final call on whether to break the tradition of presenting a separate Rail Budget, by merging it with the General Budget.
He said the short term macroeconomic priorities of the RBI continue to focus on bringing down inflation towards the government-set target of 4 per cent
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
Railway Minister Suresh Prabhu said Budget-making was guided by the Prime Minister's words of the government being there to protect the interests of the common man.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
Lack of new investments may undermine higher consumption
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
Congress Vice President Rahul Gandhi backed the long-pending demand of 'One Rank, One Pension' for former servicemen assuring them that he will make all efforts to ensure it is met at the earliest.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
BKS and BMS leaders have told the BJP leadership that it is staring at a build-up of anti-government propaganda in the run-up to polls in five states.
He will presumably choose to remain true to the framework he has put in place.
Adopting a wait- and-watch approach ahead of US Fed meeting
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Jeet Singh, the constable, talks about how his colleagues in the force work in the absence of medical facilities or pensions.
Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
FY16 saw the highest number of new product launches in a year from Maruti
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
'We don't know how much the Pay Commission outflow will be.'
Broader markers outperformed their larger peers.
Bharatiya Janata Party President Amit Shah on Friday said the government will soon implement 'One Rank, One Pension' scheme even as agitating ex-servicemen threatened to intensify their protest if any unilateral announcement is made which does not meet their long-standing demand.
The agitating ex-servicemen are accusing the government of "constantly shifting the goalpost" and not coming out with any "concrete proposal" to resolve the issue.
The past eight months have seen vast improvement in the Indian economy, says Edelweiss Group chairman and chief executive Rashesh Shah, who feels domestic-oriented sectors are likely to do better.
'Markets are likely to remain choppy for the next 6 months.'
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
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