Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
India is expected to have a bigger say in pressing for concerted action in dealing with terrorism as well as on issues relating to security and defence in the region.
The decision marks first successful policy intervention.
Sachin P Mampatta goes back in time to recall a deluge that that has passed into lore in Kerala.
'While many Chinese policy makers dismiss the political, economic and technological component of US-India relations, they express caution on the defence-related ties which also happens to be a major driver in US-India relations,' explains China expert Srikanth Kondapalli.
The need of the hour is to strike a balance between the capability of the conventional and the prospect of the renewable to give a realistic shape to the Prime Minister's vision, says Rajiv Mishra.
A glance back at some important events that occurred in 2018.
If China's behaviour in the past on ticklish issues is any indication then China could eventually support India's NSG application, says Rup Narayan Das.
'We cannot have bodies putrefying in water.' 'This is a health hazard and it can create a very inflammatory situation.'
Piyush Goyal emphasised that India is committed to pursue a green path to growth.
'We need to do more to accelerate growth.'
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
'The coronavirus epidemic highlights the need to start thinking more actively about multilateral coordination, including, but not confined to, health emergencies and climate uncertainties,' says Rathin Roy.
'In the process, I hope that our Earth will be able to heal some more.'
Retrospective claims may not stand the test in international courts.
The controversy over Human Resources and Development Minister Smriti Irani's educational qualifications has taken a new turn with her assertion that she also has a degree from the prestigious Yale University in the United States
Rashtriya Janata Dal's Manoj Jha saw the move as an attempt to have a 'committed bureaucracy'.
From handling the party organisation, finalising candidates, shooting the breeze with the media to pow-wows with diplomats and liaising with the PMO -- Arun Jaitley is the BJP's chief backroom manager in this election, reports R Rajagopalan.
Prime Minister Modi has certainly pulled back, and his political capital -- dependent as it is on an image that he knows best and never retreats -- may have taken a bit of a beating. But, equally, it is hard to say that the protesters have 'won', argues Mihir S Sharma.
'What are the circumstances at that time? Had you thought Modi will come after Vajpayee?'
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
Apart from physical stores, the company operates 2,700 digital touch points in the form of web pages, which is gaining good traction from tier-II and III centres.
Financial globalisation - or ultra globalisation - has done more harm than good to the majority of economies, say Anshuman Gupta & Karunakar Jha.
He said the 'toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society' is stifling economic activity and growth.
What technologies do you fancy in your new car? Here are some popular cars in India with the most sought after technologies.
Some pointers which will help an individual start her investment journey with confidence.
'These are interesting days for watchers of English cricket and central banking,' points out Amol Agrawal.
The world economy is going through a tough phase.
'We have severely under-invested in waste water treatment.' 'We charge for water a minimal amount and we don't charge anything extra for providing sewerage service.' 'As a result, every water entity is cash-strapped.'
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
India has undertaken a number of structural reforms.
The government's subsidy bill towards oil, fertilisers runs into lakhs of crores of rupees.
Private investment will respond only to sustainable reform.
Poor land-use planning, indiscriminate approvals of building plans and the absence of disaster-risk assessment in urban design have resulted in what experts term concentrated concretization, predisposing cities to disaster risks
Incoming US President Donald Trump has assembled a core team that is -- not surprisingly -- overwhelmingly white and male.
CAATSA was aimed at Moscow and not intended to damage the military capabilities of its 'allies and partners', US said.
Swaraj said India has made many efforts to have talks with Islamabad and the only reason they have stopped is because of Pakistan's behaviour.
'What motivated us was that a lot of people, especially youngsters, had a negative image about India.'
Thomas Bach has virtually complete control over the body and by far the biggest influence on whether the Games will go ahead or not. With the Games having only been cancelled in the past due to World Wars One and Two, Bach will undoubtedly do everything in his power to protect the IOC's prime product
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
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