'I have always believed that life doesn't get easier or more forgiving; we only get stronger and more resilient.'
'If things don't work on the ground and they continue moving at this pace, it will vanish.'
Finance Ministr Arun Jaitley will have to do a balancing act to manage fiscal prudence.
The government is committed to restricting the fiscal deficit at 4.1 per cent of the GDP during the current financial year
India's fiscal deficit reached 4.11 trillion rupees ($61.67 billion) during April-October or 74 per cent of the full-year target, government data showed on Monday.
The Afghan tradition of gaining control of areas does not necessarily involve combat. Most engagements are settled through negotiations and pay-offs before battle is joined. This style of fighting is peculiar to Afghanistan, explains Ajai Shukla, who witnessed such a transaction between the Taliban and the Northern Alliance in November 2001.
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
The CAG audit and other data suggests it could be far from the efficient new alternative that was once conceptualised. A conclusive review remains elusive till the government begins to release more granular and comparable data on the complex backend of GST to a deeper scrutiny, by researchers, auditors and the public.
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
Debt-ridden Reliance Capital ready to cede control in home finance - Blackstone, Carlyle, Brookfield, and Piramal group are in talks to buy a large stake in Reliance Home Finance.
While the likelihood of these states going the Lanka or Greece way may be an alarming assessment, the financial situation of some states such as Punjab and West Bengal is indeed quite weak.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
TheWhat led to Pakistan not taking advantage of India's difficulty is the hold that the US has over the Pakistani ruling elite, observes Colonel Anil A Athale (retd).
For the first eight months of the current financial year, the figure stood at Rs 7.17 trillion.
Gaurav Mohta lists three ways to ensure a smooth financial situation for your family despite rising interest rates.
Replacing refined sugar with dates, honey, stevia can help you stay healthy.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
'I think Ratan felt he had to do everything that he could to retain control of the company started by his forefathers, because that was the first priority and nothing else mattered compared to that.'
"Why is it that whenever there are no political overtones to a case, the CBI does a good job?" he said.
Investigators call for civilian photos of weather in Kobe Bryant helicopter wreck
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
This is also the base of the ITBP's Battalion No. 1, tasked with guarding the Line of Actual Control with China that runs along the state.
Who took the decision for the prime minister, the nation's single most popular leader, to take the road route when they should have already known about the farmers' protests and also the grave risks involved, when and how, asks N Sathiya Moorthy.
It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.
'Afghan people will not accept a governing structure that excludes women and minorities'
'We were definitely better as in the previous Test. We just tried to control the game little bit better. Unfortunately, we couldn't get another wicket... It would have been nice to have them four-five down'
The relative ranking of castes can vary across regions and localities and depends on a number of factors including control over land, wealth, and political power. Castes have often tried to 'upgrade' themselves (a process sociologists refer to as Sanskritization), and sometimes get 'downgraded'. A revealing excerpt from Upinder Singh's Ancient India: Culture Of Contradictions.
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
India was fooled into believing that Communist China wanted a 'negotiated' settlement with the Tibetans; it was never the case, says Claude Arpi.
Naik was booked by the Enforcement Directorate in 2016 based on a National Investigation Agency FIR that was registered under the Unlawful Activities Prevention Act.
'If the new regime in Kabul wants diplomatic recognition, or to unlock the billions that are currently frozen, they will have to ensure safe passage for those who wish to leave the country, to respect the rights of women and girls, to prevent Afghanistan from, again, becoming an incubator for global terror, because that would be disastrous for Afghanistan'
As many as 17 three star generals will retire before General Bajwa hangs his boots, says Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
In a communication to the West Bengal chief secretary, the ministry of home affairs said as per the IPS cadre rules, the Centre prevails over the state government in case of any dispute.
Serving pilots question the Kozhikode plane crash report findings.
25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017. 'There is an inherent legacy when it comes to insuring crime.' 'Generally, most banks are uncomfortable in sharing data about employee fraud.'
In Jaipur, the combination of lopinavir and ritonavir, both second-line HIV drugs, was administered was administered on an elderly Italian couple undergoing treatment for Covid-19 at the SMS Hospital.
Company is among the few companies in the sector getting pulled up by FDA for violations at its factories in India.
The Centre managed to collect only Rs 990 crore as compensation cess in April 2020-21, almost one-ninth of the figure of Rs 8,874 crore mopped up a year ago. The subdued collection would further increase states' problems unless the GST Council, which meets next week, decides to borrow from the market.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
The global number of new cases has been increasing for more than a month, with over 4 million cases reported in the past week - July 26 to August 1, the update said.
