According to a new subsidy sharing formula, the payout of upstream oil producers like ONGC is to be reduced to the extent of Rs 4,500 per tonne oil development cess they pay to the government, sources privy to the development said.
Even as Indian Railways is gearing up to roll out high-speed passenger services, it seems set to record its worst performance in three years on accidents.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
Though Indians were no strangers to scams, spectrum loss was beyond their wildest imagination.
'Two days notice for the Janata Curfew.' 'Two-and-a-half days notice for lighting candles, but a mere four-hour notice for the lockdown without taking state governments into confidence.'
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.
Folk artist from Chhattisgarh Teejan Bai, Guelleh, Naik and theatre actor from Maharashtra Balwant Moreshwar Purandare will be honoured with Padma Vibushan.
There is considerable discomfort within the defence ministry about the Rafale deal.
'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
'The three tycoons I deal with in the first chapter -- Ambani, Mallya and Adani -- in their own way represent the change that has come over India.' 'Of the three of them, Mallya is the most fun. He was terrific.' 'And I don't say that because I tell the story in the book of his golden toilet.'
Analysts were expecting the government to propose higher capital infusion for banks.
Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
"Will anybody want a servant that who is on vacation when needed at home? And nobody knows where he is," he continued.
The Gomti Riverfront Development project, the Agra-Lucknow Expressway, the Jai Prakash Narayan International Centre and the efforts towards the beautification of Old Lucknow are some of Akhilesh Yadav's initiatives that are the subject of investigation.
Sudhir Bisht recalls the battle of 1984, in which UP's strongman H N Bahuguna was felled by Bollywood superstar turned political novice Amitabh Bachchan.
Pakistan Hockey Federation had sought a loan from the PCB to send the team to Bhubaneswar and clear the outstanding dues of players.
'May it be the guardian which calls for breaking down narrow walls of the mind.' 'May it continue to invite everyone to celebrate the possibilities of humanity's one-ness.' Claude Arpi salutes 50 years of Auroville, a Grand Experiment in Living.
Just before the elections, the government waived interest on loans up to Rs 300,000 for farmers. But this may not really help small and marginal farmers in the state, who make up for two-thirds of the total and are still dependent on informal channels of credit.
'Somebody will need to blow the whistle, call the play to a halt, and convince all players that they belong on the same side of the goal,' says Shekhar Gupta.
Traders are waiting for the earnings season to kick off.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
'(Upper caste) leaders talk against the Constitution, reservations and the nation and still get away.'
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
As a follow-up to the views expressed by Shashank Manohar soon after being re-elected as BCCI president earlier this month, the Board of Control for Cricket in India is all set to appoint an Ombudsman at its Annual General Meeting which will be held at its headquarters in Mumbai on November 9.
'Overlying his idealism was a hatred of war and of all things military. He gave no deep thought to politico-military matters and this prevented him from making sound security decisions.'
By castigating the reforms themselves because of the remediable and reversible defaults here and there in carrying them out, Yashwant Sinha is throwing out the baby along with the bath water, says B S Raghavan.
The BCCI submitted a 60-page affidavit to the Supreme Court in which it stated it's opposition to certain points in the Lodha Committee report including one association and one vote for each state and also the inclusion of a representative of the Comptroller and auditor general (CAG) in the Board.
The approval is required to put through gas sales agreements with customers, which in turn are required to finalise Gas Transportation Agreements with transmission companies.
In the atmosphere created by the reaction to the PNB fraud and RBI's resolution framework, "don't lend, don't resolve" is bound to become the bankers' new mantra, says T T Ram Mohan.
Whistle-blower officer Ashok Khemka has been shunted again, in breach of rules by BJP government in Haryana. All actions of the previous Congress govt against him still stand even as the Narendra Modi government has chosen to keep away.
On the pricing issue, Eric Trappier said that the present aircraft are cheaper by 9 per cent.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
The Supreme Court today ordered that former Comptroller and Auditor General of India Vinod Rai will supervise special audit of property of Kerala's famous Sree Padmanabha Swamy temple, which is facing charges of financial irregularites, and constituted a new administrative committee headed by District Judge, Thiruvananthapuram.
'Some in the Congress believe the party should, somewhat brazenly, claim the cause of fighting corruption as its own. But the Congress's idea of fighting corruption is nothing but tinkering with laws, it lacks the stomach to take on the corrupt,' feels T V R Shenoy.
