'It is entering growth territory on a month-on-month basis.'
The government was hoping to roll out the GST regime from April 2016.
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Arun Jaitley rejected the charge that the government is pro-rich.
Leveraging global capital markets to give muscle to an innate competitive advantage in rapid mass transaction systems will lead to India becoming a petri dish for global enterprises and new-age innovation that it yearns to be.
They researched their companies well, didn't believe in the market chatter and advise to stay invested for long term.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment.
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
The biggest loss of jobs among salaried employees was of 'white-collar professional employees and other employees'. Among these are engineers including software engineers, physicians, teachers, accountants, analysts and so on, who are professionally qualified and are employed in some private or government organisation All the gains made in their employment over the past four years were washed away during the lockdown, reveals Mahesh Vyas.
The only feasible way to have a healthy banking sector could be making it mostly private, along with two or three large, better-run government banks, suggests T N Ninan.
Railways to have functional autonomy, bear salary burden
'The response to savagery and mass injustice is never a persistent howl.' 'There will be, among the victims, those who choose to forget the scars, those who go on living, those who challenge the overall environment of sentimentality.' 'And the more effort you put into including these other voices, into assimilating these spoilsports, the more balanced your depiction of the tragedy in question will be,' observes Sreehari Nair.
The government has mopped up Rs 1,26,034 crore (Rs billion) till last week taking the gross market borrowing to over 88 per cent of the budgeted Rs 1,42,867 crore (Rs 1,428.67 billion) for the entire fiscal.
'We are warning that if you get these 3.5 lakh additional non-medical people with licence, our infant mortality rate and maternal mortality rate will deteriorate'.
The new service tax of 14% will jack up costs of shopping, travel, insurance premiums and property purchases
Reliance Industries on Friday reported more than doubling of its March quarter net profit to Rs 13,227 crore as improvement in petrochemical and consumer business countered continued weakness in refining business.
Congress president Sonia Gandhi on Friday urged top opposition leaders to rise above political compulsions to take on the BJP in the interest of the nation and start planning "systematically" to realise the "ultimate goal" of winning the 2024 Lok Sabha polls
A veteran bullion analyst expects monthly import to average 50 tonnes till December.
India needs to rapidly generate gainful employment for millions of young men and women expected to join the workforce in the coming decade.
While some trade union leaders have welcomed the move, industry has opposed it, fearing an increase in its wage bill
The combined fertiliser, food and petroleum subsidy budgeted estimate for FY19 is Rs 2.64 trillion, while the revised estimate is Rs 2.66 trillion. If the carrying forward to FY20 does not happen, the revised estimates for the major subsidies could actually cross Rs 3 trillion for the first time ever.
Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. Global insurers face a hefty bill if the coronavirus forces the cancellation of the Games, with estimates of the cost of insuring the showpiece running into billions of dollars.
The foodgrain guarantee is part of the proposed National Food Security Bill.
The Bill was introduced in the Lok Sabha in December.
The aim is to reduce working expense by about 15 per cent.
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Cabinet likely to pave way for the 'super-rich' tax today.
"Our gross billing in October-December quarter was $ 89.13 per barrel, as compared to $ 76.66 a barrel in the corresponding quarter of the last fiscal," a company official said.
Implementation of GST is expected to increase the gross domestic product of the country.
An acute shortage of healthy seeding materials for horticulture requires redrafting of the Seeds Bill, 2004.
Many private economists consider the deficit target optimistic, citing weak tax receipts in a sluggish economy and high federal expenditure commitments.
The Centre's gross borrowing crossed Rs 1,62,000 crore (Rs 1,620 billion) as bond market turned bullish after a fall in price level in the country last week.
Activist Gopal Krishna makes a case that the Unique Identification Number project is a gross violation of fundamental human rights and points out that a similar project/law in Britain is going to be repealed.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
The surge in export, domestic demand and public spending in infrastructure projects might revive private investment during 2017-18.
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
'We are very watchful about inflation and growth. But the main challenge is economic revival and growth.'
Seeking a 'meaningful' autonomy for Tibet, the Dalai Lama on Thursday asked China to shed its one-sided approach and adopt a more holistic view on the issue, even as Beijing lashed out at the United States, terming its engagement with him as a gross violation of international norms.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
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