Struggling smaller F1 teams like Sauber and Force India have long argued that the distribution is skewed in favour of leading manufacturers, who receive special payments regardless of how they perform on the track.
Subramanian was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development in the US before joining the ministry.
'Work will now be basically file movements from one desk to another as both the government and the agency would not like to antagonise the court.'
CEA offers three compelling arguments in his case for privatisation of government-owned banks.
The government on Friday gave wide-ranging legislative powers to the Reserve Bank of India to issue directions to lenders to initiate insolvency proceedings for the recovery of bad loans.
Bankers said the mammoth task of cleaning up the PSBs and improving their health will be a mammoth task for any chief executive.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Central Administrative Tribunal says orders unjustified and against principles of natural justice. Nitin Sethi reports
Lok Sabha Speaker Sumitra Mahajan feels the House can change the rules regarding recognising the Leader of Opposition in the absence of any party getting the minimum ten per cent of the total strength for the purpose.
'The autonomy of essential institutions is clearly under question as the Modi government seeks to influence them politically.' 'The credibility of institutions such as the EC, the CBI, the CVC, the UPSC, the RBI, media, and universities, has been compromised,' notes Zoya Hasan, the distinguished political thinker.
Decades apart, but the drama linked to the two appears similar, says Nivedita Mookerji.
A Parliamentary panel examining the Lokpal bill may recommend that the proposed anti-corruption watchdog be a single window stop for probing all corruption complaints against government functionaries by ending multiplicity of investigating agencies to investigate graft cases.
"Political will can reform but bureaucracy performs and public participation transforms. We have to bring them on one wavelength," Prime Minister Narendra Modi told bureaucrats on civil services day.
Senior IPS officer Archana Ramasundaram on Thursday took over as the Central Bureau of Investigation's first woman Additional Director but was suspended by Tamil Nadu government late in the night for allegedly not following rules before joining the central probe agency.
One of the urgent tasks ahead for the new government should be to improve public trust in the executive.
Raising concern about over-dependence of Indian capital markets on foreign institutional investors, eminent banker Deepak Parekh has said that something needs to be done to change this pattern.
The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
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.
The government and the opposition are heading for yet another faceoff over constitution of the selection panel for the maiden Lokpal, with the Bharatiya Janata Party opposing the prime minister's proposal to appoint senior lawyer P P Rao as its fifth member.
Rohatgi was made attorney general in June. In the past 2 months, his rulings have raised eyebrows for being in line with the political alignment of the government. Kavita Chowdhury reports
'Let's walk on two legs: Facilitate better resolution under the present system and set up PARA as well by transferring loans amounting to, say, Rs 1 lakh crore.'
'There are many cases where a company hits the wall because of reasons not under their control.' 'If you do not understand and appreciate that and paint all promoters with the same brush then definitely you are inviting trouble.'
The coal-scam has taken an important turn as the Central Bureau of Investigation has charge-sheeted former bureaucrat P C Parakh and industrialist Kumarmangalam Birla. The next big thing is to see that if the coal-blocks allotted, fraudulently, are cancelled or not either by Supreme Court or by the government as pre-emptive action.
The Congress and the Left on Sunday questioned the appointment of the new army chief by superseding two officers, saying every appointment by the government has become controversial.
A proposal to set up a panel of retired judges to oversee the investigations of the Central Bureau of Investigation to insulate it from political interference is in conformity with existing legal provisions, Finance Minister P Chidambaram indicated on Friday.
'Why can't a person who has supervised military intelligence head RA&W?' 'Why can't one who has overseen national security planning become our NSA or chair the National Security Advisory Board?' asks Vice Admiral Premvir Das (retd).
'No finance minister has the capacity to put the economy in an ICCU just like no finance minister has the capacity to take it for 10% growth!'
For successive governments the Election Commission remains a 'holy cow', where unhealthy precedents are allowed to be nurtured since Independence, says N Sathiya Moorthy.
Arun Shourie, a minister in the Atal Bihari Vajpayee Cabinet, has hit out at the Narendra Modi government, saying its economic policy was "directionless" while the social climate was causing "great anxiety" among the minorities.
Confrontation between government and opposition is set to escalate with Lok Sabha Speaker Sumitra Mahajan on Monday suspending 25 Congress members for five days for "persistently, wilfully obstructing" the House".
Thirty one outstanding teachers were invited to Rashtrapati Bhavan for a first-ever in-residence programme.
Whistle-blower bureaucrat Sanjiv Chaturvedi, who has been selected for the prestigious Ramon Magsaysay award, expressed disappointment over the functioning of the Prime Minister's Office and said he was able to "survive" only because of an "independent judiciary".
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
Control over PSU banks is what is allowing the government to drive this scheme.
Under attack over the alleged power projects scam in Arunachal Pradesh, Union minister Kiren Rijiju on Tuesday rejected allegations of wrongdoing and said those who have "planted" the story against him "will be beaten up with shoes".
Narendra Modi is squandering a mandate for change on feeble, unimaginative incrementalism.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
'Why should the accused in scams visit the CBI chief so frequently?'
Seeking to dispel the demoralisation in Congress in the wake of recent electoral debacle, a combative Rahul Gandhi today mounted a blistering attack on Narendra Modi saying those dreaming about Congress-free India will themselves be destroyed.
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