After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
Several police officers who followed the Election Commission's orders during the recent West Bengal assembly polls get punishment transfers. Payal Mohanka reports.
The finance minister has labelled about 65 per cent of the fuel excise revenue as cess, including the restructured road and infrastructure cess
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
The EC issued a show cause notice to CM and Trinamool Congress supremo Mamata Banerjee for allegedly violating the model code of conduct.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other markets.
The National Democratic Alliance government has asked states to emulate the Gujarat water management model to address the problem of water scarcity.The Centre has forwarded a compact disc received from Gujarat government's Water and Sanitation Management Organisation on the subject "The state-wide water supply grid" to the states to study how the Bharatiya Janata Party-ruled state managed the problem of water scarcity.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
February 6 or 8 likely options; development will be the main theme
For the baning sector, 2018 was a 'Year of Exits' - borrowers fled from the country as loans went kaput and many bank CEOs were forced to leave
The government plans to raise resources to finance capital spending beyond the Rs 3.10 lakh crore budgeted for 2017-18 through higher borrowing or divestment receipts.
'Stress, depression, PTSD and anxiety, especially relating to their domestic lives, are big issues for the men.' 'The men work in extremely difficult conditions, often with the fear of death looming large.'
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
Govt reconstitutes body, says will not interfere in senior PSB appointments
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
On the occasion of the National Stock Exchange's (NSE's) silver jubilee celebration, its MD and CEO Vikram Limaye, bottom, left, spoke to Somesh Jha to discuss the way forward and how the exchange plans to deal with the present set of issues.
'The government is sincerely working on employment generation. Unfortunately, they are depending on these people from Harvard. Their wrong policies are killing jobs. The government has to come out of the Western framework on which they depend upon a lot.'
Experts will give their inputs for Budget.
Conscious that he will have to rely on the bureaucracy to deliver, Adityanath is changing the faces and rejiging the administration.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Suggestions made by the different experts have been noted and would be forwarded to Prime Minister Narendra Modi.
The Budget may see new rural schemes and stepping up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.
Earlier, an inter-ministerial group used to take these decisions.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
As the government began consultations with stakeholders on raising gas prices, gas producers and consumers met a committee of secretaries separately with their pleas on the issue.
The move will lead to augmentation of water infrastructure in the country
Chief ministers of states like Andhra Pradesh, Kerala and Karnataka were among those who raised the issue of loan waver scheme for farmers.
Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.
Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures including further liberalisation of foreign direct investment norms to improve economic condition.
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
The resentment against the government has increased.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
Modi may bet on old faces and new to boost reforms
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
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