'In 2016, we had De-Mon and in 2017, we had GST.' 'The combined impact of these two started showing up in 2019 and 2020.' 'COVID-19 only added insult to injury.'
The 6-member Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi-monthly review, kept the repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.
'My appeal to ex-servicemen,' says Colonel Anil A Athale (retd), 'is please do not demean yourself and bring our izzat down to the levels of militant trade unionism of the banks or airline variety! Please accept a reasonable compromise and fight your battle with the 7th Pay Commission!'
Capex for next year expected to be up 25% to Rs 3 lakh crore
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Defence Minister Manohar Parrikar on Wednesday indicated that the post of Chief of Defence Staff could be a reality soon, a day after Prime Minister Narendra Modi marked defence reforms as a priority and stressed that "jointness at the top" was a need long overdue.
'An expanding army, rising salaries due to the 7th pay commission, and raised pensions due to OROP are consuming money at the cost of badly needed bulletproof jackets, rifles, artillery, submarines, warships and fighter aircraft,' notes Ajai Shukla.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
'None other but the invincible chariot led by Modi and Shah could have taken up the challenge and won,' says Tarun Vijay.
The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
Trade unions said Jaitley's minimum wage announcement is completely inadequate
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.
It is worrisome that salaries are consuming as much expenditure as equipment.
Wednesday's hawkish and essentially courageous decision underscores that Governor Urjit Patel will largely represent continuity, rather than a break, with the policies and approach of his predecessor, says Richard Iley.
With the PMO itself spearheading a re-evaluation, the Director General of Defence Accounts has been asked to justify its earlier contention that the 'slab based' system would benefit a larger number of disabled veterans -- something the army flatly denies, reports Ajai Shukla.
The finance minister said the economy had been slowing.
RBI is expected to discuss about the impact of GST in its monetary policy.
Rahul was leading a candle light march organised by the Delhi Congress unit from Jantar Mantar to India Gate when police personnel restrained him
Raha said the force has the power to punish its enemy, but a decision on using it in an offensive role will have to be taken by the government.
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.
Parrikar's statement did not go down well with the protesters who said they are "disheartened".
The RBI announced its monetary policy on Tuesday.
Whilst politicians promise to uphold the honour and interests of our soldiers, the very opposite is being done, says Karan Thapar.
"The main risk stems from the uncertainty surrounding the outcome of the south west monsoon in view of the rising probability of an El Nio event around July-August, and its implications for food inflation," RBI said, as it kept the status quo on key interest rate for the third time in a row.
Jeet Singh, the constable, talks about how his colleagues in the force work in the absence of medical facilities or pensions.
The government initiated the process for amendment to the Payment of Gratuity Act, 1972, which applies to establishments employing 10 or more persons.
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
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Lakhs of students appear for it every year. How are you preparing for it?
India's GDP for the three-month period ended September 30 grew 7.4%.
'I want to ask Modiji is the support price announced by him good enough to make a farmer's sons to start farming in their villages?' 'Can he swear by Bharat Mata and say that is true?'
In April, RBI had projected retail inflation to be around 5 per cent.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Congress vice president Rahul Gandhi on Thursday accused Prime Minister Narendra Modi of indulging in political exploitation of the sacrifices of soldiers in remarks that come in the wake of cross-LoC surgical strikes on terror launch pads in Pakistan-occupied Kashmir.
March 29 is the last date to submit your application.
Thousands of ex-servicemen across the country on Sunday converged at Delhi's Jantar Mantar to protest over the delay in implementation of the 'One Rank, One Pension' scheme.
Officers responsible for preparing budgets say their detailed costing projections are mostly ignored. The defence ministry simply takes the previous year's budgetary allocations for each service and adds a small percentage to those.
Given the developments, analysts do not foresee a quick recovery.
