Sitharaman also directed public sector bank heads to clear long pending vigilance cases against their officials for alleged malpractices.
The US loses around $1 to 1.6 trillion annually due to corruption at the public services and private enterprises, estimated David M Luna, director, Anti-corruption & Governance Initiatives.
Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.
China's GDP jumped a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base in early 2020 when Covid-19 stalled the world's second-largest economy, according to statistics released on Friday.
Adani group is in talks to acquire a 50.5 per cent stake held by GVK Group in Mumbai International Airport (MIAL) and another 23.5 per cent of minority partners, Airports Company South Africa (ACSA), and Bidvest Group, two sources with knowledge of the matter said.
After showing a consistent rise in the previous 4 quarters, gross NPAs of 40 listed bank declined to Rs 10.03 trillion at the end of June 2018, from Rs 10.25 trillion in the previous quarter.
This, said Sitharaman, would remove the possibility of unauthorised communication "and consequent harassment", which was a cause of concern for bankers.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
K Pandia Rajan, an expert on the employment scene and recruiting speaks on the buoyancy in the Indian economy and what youngsters can look forward to.
A look into the state of Dalit entrepreneurship in the country.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
The United States has requested India for "provisional arrest" of Congress leader and Rajya Sabha member K V P Ramachandra Rao after he was indicted by an American court in an alleged international racketeering conspiracy involving bribes of USD 18.5 million (Rs 111.629 cr) for allowing mining of Titanium minerals in Andhra Pradesh.
Considering that Qatar is a trusted ally of Washington for decades, it is expected to be a steady influence on the Taliban leadership, observes Ambassador M K Bhadrakumar.
Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.
Modi, 46, who had figured in the Forbes' list of richest Indians, has been named in the cheating case on a complaint from the PNB, which alleged that the jewellery firm owner, his brother, wife and Choksi entered into a criminal conspiracy with the officials of the bank and cheated it, causing a "wrongful loss".
Uttar Pradesh's anti-copying crusader Surya Pratap Singh tells A Ganesh Nadar/Rediff.com how the menace is causing long-term damage to students from the state.
Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
India and Singapore on Tuesday elevated their ties to the 'strategic partnership' level and signed bilateral agreements for enhanced defence cooperation and in areas like cyber security, shipping and civil aviation.
Anil Kumar Sinha, a 1979-batch Indian Police Service officer, on Wednesday took over the reins of the Central Bureau of Investigation at a time when the agency is facing criticism from courts over its handling of probe in coal allocation and 2G scams.
Dhruv Shringi, co-founder and chief executive officer (CEO) at Yatra, tells Ajay Modi that Indian online travel market is definitely moving into a duopoly situation.
With the fall of Congress, Chidambaram's political graph too started moving southwards.
No one knows where billionaire Nirav Modi emerged from. What is known is that when he came (back) to India, he cut his teeth in the diamond business under the tutelage of his jeweller uncle. Then he began to build a glittering international brand. Soon even Hollywood stars like Kate Winslet and Dakota Johnson were walking the red carpet showing off Nirav Modi jewels.
Govt must take few steps to improve business environment.
Those behind recapitalisation are neither aware nor do they care. After all, they have no skin in this game. And the Lok Sabha elections are round the corner. That's what they care about, points out Debashis Basu.
'The top 10 industries encompass 84% of the total new payrolls, indicating that industry is coming on steam after the initial hiccups following GST,' say Soumya Kanti Ghosh and Pulak Ghosh.
'There is no future for the Shiv Sena under Uddhavji's leadership.'
The Covid pandemic has left a question mark on how the central government manages its staff.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
The court noted that Gupta made 'dishonest misrepresentation' before the then prime minister.
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 most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
ED officials said the nine premises covered under the action included properties and offices belonging to Bhujbal, son Pankaj, nephew and former member of Parliament Samir and a few others.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
The ED had conducted searches on at least nine premises, including properties and offices, belonging to the senior Bhujbal, Pankaj, nephew Samir and few others.
'Officers have been made the scapegoat for political failure.' 'No effort has been made to find out who scuttled the prime minister's decision to introduce competitive bidding and why and at whose instance.'
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
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