'The recent US jobs report has eased fears of a hike in the Fed meeting.'
I am fulfilling the promise that I have made, said the PM on One Rank One Pension.
With a middle class still so small and no apparent leaps in productivity on the farm or in manufacturing on the horizon, India faces its own age of diminished expectations.
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
On the eve of Army Day, Army Chief General Bikram Singh says he will raise this issue with the Rajya Raksha Mantri, Jitendra Singh, who oversees the Department of Ex-Servicemen Welfare, reports Ajai Shukla.
If the economy gains momentum, that is a big positive for markets, given the strong macro of low inflation, falling rates, and a stable rupee, says Akash Prakash.
India as a large country should have inter-modal connectivity, which will help us make travel easier, safer and seamless. That is how you will also gain. You will gain more money, make more revenues, says Praful Patel.
Investors with stalled projects and mounting bad debt will refinance their loans.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
With no announcement on One Rank One Pension coming from Prime Minister Narendra Modi during his nearly 90-minute speech at the Red Fort on the 69th Independence Day, ex-servicemen who have been protesting at the Jantar Mantar in New Delhi say they have been betrayed by the BJP-led government.
'With increasing use of social media for instant communication, the armed services better find a quick solution to the new challenge they face or else continue to remain on the back foot despite doing sterling work in combating the proxy war in Kashmir.'
Excerpts from a speech on the Supplementary Demands for Grants, December 15.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
'If Modi sincerely thinks that Dalits are also Hindus then spread this message to the entire nation through programmes like Mann Ki Baat.' 'We would love to listen to the PM tell the nation to look upon us as fellow Indians and human beings.'
'It is the government's most important duty to ensure that when war breaks out, the armed forces are absolutely ready to face the adversary -- well equipped, well trained and in high spirits,' says Brigadier Gurmeet Kanwal (retd).
A government that confuses PowerPoints for policy is delaying structural change too much.
'There were tears in my eyes when I parted with my medals. I thought was it for this moment did I become a soldier?' In 2008, Captain H Balakrishnan (retd) of the Indian Navy returned all his medals to the President of India to protest the government's failure to implement the One Rank One Pension scheme.
'Pakistan thinks it is winning this low intensity conflict.' 'It is a serious observation. Half the battle is convincing your adversary that he cannot make headway.' 'A lot depends on how the internal professional management of the army and the handling of situations that are bound to rise sooner than later in his command, are done.'
Urban markets account for the major share of total revenues.
'Political parties have appropriated our military victories -- the Kargil war is the BJP's and the Bangladesh war is the Congress's -- what is going on?' As Uttarakhand -- where faujis number nearly 40% of the state's population -- prepares to vote, Rediff.com's Archana Masih discovers what upsets retired soldiers in Uttarakhand the most is a forgotten protest in the heart of Delhi.
M R Venkatesh, chartered accountant turned political commentator tells Shobha Warrier/Rediff.com that Modi's war is not against the opposition parties or the Congress but against the bureaucracy and the establishment.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
Ten trade unions to go on strike to protest against changes in labour laws
'The corporate sector says by 2022 they will create 300 million jobs.' 'In the last 70 years we didn't do it, how will we do it in 5 years?' 'Only agriculture can bail out the economy. Unfortunately, it is not being looked into.'
India's cumbersome arms procurement procedures and a plodding Ministry of Defence bureaucracy have long been blamed for shortfalls in combat capability. Now there is another, more worrying, reason - a growing crisis of funds, magnified by the lack of tri-service coordination.
'India is likely to do better than other emerging markets.'
The industry players couldn't hide their disappointment.
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
'Making the railways better is a different type of a challenge.'
The government is by far the largest employer; job security is guaranteed for government employees, and their wages are set through once-in-10-year Pay Commission.
Arun Jaitley had a tough fiscal hill to climb.
A buoyant economic mood and tempting discounts, both online and offline, are fuelling a shopping frenzy this Diwali.
'We should hope and pray that the PM's sentiment is not held ransom by machinations and craftiness of a few junior babus who throw in an imaginary impediment at every welfare measure and snigger and giggle at the sidelines every time a soldier is ill at ease,' says Major Navdeep Singh on the one rank one pension debate.
Every demand of the armed forces remains essentially anchored to 1964 and its fulfilment or otherwise largely a function of money availability
RBI governor Raghuram Rajan has slashed rated by 50 bps.
A raise in the I-T exemption limit has been sought by many.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
Why does Modi want to speak to the students while his audience should be teachers and parents, not necessarily in that order. And September 5 is not Children's Day but Teachers' Day, says Mahesh Vijapurkar.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Several states that imposed prohibition in the past lifted it once revenue loss began to pinch
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