Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
Most of the extra spending in the Budget is in fact an accounting entry that shifts the cost of an interest subsidy to the agriculture Budget that was previously borne by the finance ministry
Overall mobile phone production was about 68 million in 2014, increased to 100 million in 2015 and 350-400 million in July 2016.
In a message to public sector banks (PSBs) that only performers will survive, the government, in an unprecedented move, has decided to allocate capital to only nine PSBs.
Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?
'It is a package for a new self-reliant India.'
In the previous Budget, the government had come out with a similar scheme.
According to the law, the contribution "should not be more than 5 per cent of the amount paid to gig workers. The government is likely to start seeking contribution from gig companies towards the fund from April 1, 2021.
Govt mulls raising duty on non-essential goods with annual import bill exceeding $1 billion
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
In its order, the court cast serious doubts on the bonafides of the complainant - Ashutosh Kamble, a shareholder of the company.
His finest years came when he served as deputy governor under C Rangarajan.
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
There is no clarity on the stand taken by the PM on many issues plaguing the aviation sector
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Cheap equipment imports, especially from China, is a major reason for falling tariffs in solar tenders
The peak rate of 30% applies on annual income of individuals above Rs 10 lakhs.
There are several welcome standalone reforms, but these do not add up to a coherent strategy to achieve a $5 trillion economy or secure Aatmanirbharta, observes Rathin Roy.
A well-established tax system would have a predictable buoyancy - how fast the collections grow as a proportion to the growth of the economy. But that is not the case with GST. It is still undergoing substantial changes as the government responds to structural as well as administrative glitches.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
Experts believe that states will be in a predicament because of their tight fiscal position and reluctance to replace their own health schemes with this newly announced National Health Protection Scheme.
India Inc is seeking at least quarterly interactions with senior government representatives to establish a channel of communication and help change the opinion at the highest level.
Most of the projects face hurdles such as delay in approvals and lack of coordination between state governments and the railways.
States to give choices, Centre to decide by year-end.
Watal panel had suggested an independent payments regulator be set up.
The allegation against Khan is that he had applied to purchase the agricultural land for farming but constructed a farmhouse for personal use instead.
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
It was unclear how bankers were deciding which jewellers to support
This is the Centre's highest-ever budgeted capital outlay.
The focus is on tapping all resources, even foreign agencies.
The GST Council, that includes representatives of all states, will meet again on November 3-4 to decide on the tax rates
'India Inc has been afraid to criticise the government of the day for many years now, and it is perhaps unfair to blame the current one alone,' says Shyamal Majumdar.
ONGC's chairman and managing director Sudhir Vasudeva tells Business Standard that any price for natural gas that is more than $4.2 a unit is good for the company.
The approvals would be handled independently by administrative ministries of different sectors.
According to SFIO, the modus operandi of the Reebok fraud involved filing fictitious invoices to show inflated sales, recording fictitious sales by raising prices of goods sold.
