The Department refused to allow transfer of the plant till the dues claimed by the department are not remitted by the company.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
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The Delhi high court on Monday termed as "serious" the use of internet services provided by offshore firms by government officials in communicating on sensitive issues and asked the Centre to come up with the e-mail policy.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
Senior lawyer M V Kini agrees to fight their case for free, given their financial condition
NDA government has shunned populism.
A panel will examine the merits and demerits of various dates for the commencement of the financial year.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
How could India@75 improve law and order, courts, social, physical and soft infrastructure, efficient cities, e-governance, ease of doing business and other essential state functions by 2022, asks Shailesh Pathak.
The incoming government will have to encourage private investments, bring down cost of capital
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
What might be useful is targeted assistance to those sectors and individuals that are disproportionately affected, suggests Mihir S Sharma.
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
Custom duties, a major concern for the oil sector.
Some 1,100 years ago, Uthiramerur had an election system similar to what India has today.
'Rawalpindi must downsize its quest for 'strategic depth' in Afghanistan and Kashmir,' suggests Matein Khalid.
One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.
Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day.
'The government lights lamps for nurses but when we demand what's due for us, they don't listen at all.'
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.
The central bank has, so far, cut its repo rate by 125 bps.
'We have to rise over our divisions.' 'Divisions within us allow unscrupulous politicians to divert attention from issues like corruption and governance.'
E-auaction cannot totally end corruption in the system.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
'In a country like ours, people talk about wanting to be like Singapore, but when it comes to paying taxes, they start criticising.' 'The medicine is bitter, but the long term effect is good,' Senthil Natarajan, who runs Kovai Pazamudhir Nilayam, a one of its kind fruit and vegetable chain in Tamil Nadu, tells Rediff.com's Archana Masih.
'The lockdown has been a great excuse to delay payments.'
'With the top court's judgment declaring the Right to Privacy a Fundamental Right, the powers under the provision need to be looked afresh.' 'To utilise such sweeping powers in the right manner will also be a challenge.'
States should have enough time. We still do not know the rules. There are a lot of operational difficulties, says Jammu and Kashmir Finance Minister Haseeb Drabu.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
He termed the Centre's decision to demonetise Rs 500 and Rs 1,000 notes as "surgical strike" on common man's "small savings" and not on "black marketeers".
The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.
Should we be exposing our women volunteers to the barbarity of actual combat?
The PM blamed the UPA regime for the problems in the banking sector.
Indian economy about to take-off
Central Bureau of Investigation Director Ranjit Sinha on Monday said "collusive corruption" in which there is a willing bribe-giver is emerging as a "formidable" challenge for institutions fighting corruption.
Patel urges government to rein in borrowings, inflation
The hype surrounding the Budget gives it undue importance.
