If not contained quickly, it will have a knock-on effect in the world economy and disrupt global supply chains, Crisil analysts warned.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
11 categories of industries will be exempt from the Madhya Pradesh Industrial Relations (MPIR) Act of 1961. This includes textile, leather, cement, iron and steel, electrical goods, sugar, electricity, public motor transport, engineering including manufacture of motor vehicles, among others.
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
Report by Greenpeace also presented a grim picture of India's pollution level.
Some of the big names who decided to roll out the yoga mat
Maharashtra has the opportunity to solve all these problems by voting for the Congress and NCP, he said.
Delhi's power circles can expect a surprise when a not-so-known officer is appointed to head the CBI.
German companies were looking for investment opportunities in India in sectors like coal, infrastructure and tourism but wanted relaxation in bureaucratic control and easing of licensing hassles.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
Fifty years ago on July 20, 1969 with these words American astronauts Neil Armstrong, Michael Collins, and Edwin "Buzz" E Aldrin made history by becoming the first human beings to set foot on another world -- the moon. It was an event that was watched by millions on television and one that remains etched in all our memories. Collected here are 17 images of that historic mission, a "giant leap for mankind".
Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
'This country has become cynical, the country has lost hope. Prime Minister Narendra Modi is getting back hope in this country.' 'We are deconstructing the past which had corruption, inefficiency, policy paralysis, a tottering economy where investors had lost confidence, and people had become cynical. We are changing that, we are bringing confidence back to the people of India.'
'The Indian side has realised that not talking to Pakistan has not served any useful purpose.'
Whether it took the corona crisis to bring about the transformation, or otherwise, the change ought to be welcome, notes Virendra Kapoor.
'And for the developing lungs of our children, this should not be tolerated. Not at all,' says Sunita Narain.
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
Uttar Pardesh Chief Minister Akhilesh Yadav said the Samajwadi Party is supporting the Congress-led government at the Centre only to keep the communal forces at bay, and does not endorse it over issues like coal and 2G scam.
New Delhi's overall air quality index read 456 at 4 pm, up from 425 at 4 pm on Tuesday.
Committed to keep fiscal deficit under check, Prime Minister Manmohan Singh has convened a high-level meeting on Tuesday to push forward the disinvestment programme with a view to achieve the budgetary target of Rs 40,000 crore (Rs 400 billion) in the current fiscal.
If even a fraction of the 175 GW target is achieved, India's reliance on coal and oil would be reduced, says expert.
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
India's state-run NTPC is launching bids for clean technology for two coal-fired power plants near New Delhi, officials said, as criticism mounts over the country's failure to end a toxic smog which strikes the capital every winter.
'Which one of us would give up our flats for development?' 'We insist that others, who are unwilling but weak, make all the sacrifices on our behalf and then we are puzzled when there is violence against the State,' says Aakar Patel.
'We need an early warning system in India.'
Jindal Steel has acquired mining rights in Chile for $52 million.
The Vinod- and Pramod Mittal-controlled Ispat Group is all set to invest around $3 billion (Rs 12,000 crore) in Bangladesh in a gamut of sectors, including gas exploration and production, power, petrochemicals and coal mining.
Officials say a fall in global oil prices will reduce the government's subsidy burden, giving it a greater chance of hitting its ambitious fiscal deficit target of 4.1 percent of gross domestic product in the fiscal year to March.
'The government wants foreign companies to capture the insurance market.'
Hindalco has done very well with Rs 900 crore (Rs 9 billion) of ebidta in June quarter.
The minister without portfolio is recovering well after his kidney transplant and has started walking in his hospital room.
It's time to step on the reforms accelerator.
Congress members don't want Rahul Gandhi back as party chief. But the problem is that Sonia Gandhi won't have anyone other than her son to take over the Family Firm, notes Virendra Kapoor.
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
Ajit Balakrishnan envisions a flag to capture the spirit of the impending conflicts of the Information Age.
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The rupee has fallen almost 20 per cent in the first four months of FY14, forcing the government to consider raising import duties on gold and non-essential luxury items.
'He selects certain portfolios that he has personal interest in, and he does not give them to a senior leader. The responsibility is given to a junior minister who then directly reports to Modi or to the small team of bureaucrats working with Modi.' 'I noticed this first in Gujarat where Modi worked mainly with two ministers, Saurabh Patel and Amit Shah,' says Aakar Patel.
Reliance Industries has sought environment ministry approval for a $13 billion upgrade to its Jamnagar complex, including a 400,000 barrels per day (bpd) refinery.
Anil Swarup, who conceived the Rashtriya Swasthya Bima Yojana -- a scheme the United Nations Development Programme and the International Labour Organisation recognised as among the finest -- speaks to Anjuli Bhargava.
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