The meeting will be attended by all heads and EDs of public sector banks
Forty years on, ironically, the managerial attention to new businesses has meant almost 40 per cent of revenues now come from the non-tobacco business.
In a minor relief for residents of flood-hit Chennai, the rains have stayed away for the last few hours.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
'These are only passing clouds. The banking industry is a century-old industry and this is not the first time it is going through such a crisis.' 'When the economy revives, those companies that are in the infrastructure fields will also get revived.' 'After all, a lot of money has gone into creating assets like power projects and roads, so you can't say money has been wasted.'
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
Indian states are preparing for a Rs 1.9 lakh crore (Rs 1.9 trillion) tax windfall this fiscal year.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
With EU, it is part of the FTA that we will need to negotiate.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
'I would like to say that there is a fear of Dawood. We thought we are a nation of 120 crore people and if we do not bid for this property it will be a matter of disgrace.' 'Here is this man sitting in Pakistan and is being able to lord over our country especially Mumbai through remote control. I think somewhere we must draw the line.' 'There is no Hindu-Muslim issue at all. The underworld is the most secular entity in the country. Whether you are a Muslim or a Hindu it does not matter. Whether you are able to deliver or rake in the moolah is all that matters.' Former journalist S Balakrishnan on why he is bidding for Dawood's Ibrahim's property.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
India still has to go a long way to implement reforms in various sectors.
'I have tutored my family and myself to fight hunger,' the former agent for the disgraced Saradha chit fund says, his eyes welling up. 96 of the 107 cases referred to the Serious Fraud Investigation Office are based in Bengal!
The governments at the Centre and in the state were unprepared to handle the massive response to the large numbers of people, as they were not aware of the groundswell of public admonition that was against the Establishment, says N Sathiyamoorthy.
Two young engineers educate children with iPads n remote villages.
Drones are being sold by e-retailers like Flipkart and Snapdeal for less than Rs 40,000 apiece.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
Chief Economic Advisor Arvind Subramanian's interview.
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.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
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