'My wife has done everything... She has had to give up a lot,' HRD Minister Prakash Javadekar tells Sahil Makkar.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
Those earning over Rs 50 lakh a year need to disclose all jewellery and cash in their returns, says Tinesh Bhasin.
The government is examining a proposal for the merger of IDBI with the IDBI Bank, Union Minister of State for Finance Anandrao Adsul said in Jaipur on Friday.
On the 15th anniversary of the Kargil War, Defence Minister Arun Jaitley said the government will soon finalise the site for construction of a "grand" national war memorial.
Although the industry is disappointed with the government decision not to lower spectrum prices at a time telcos are saddled with over Rs 4-trillion debt and an estimated Rs 1.43-trillion licence fee dues, the DCC has relaxed the payment structure to offer some relief to the financially stressed sector.
US economic growth slowed sharply in the fourth quarter.
A day after opposition parties, including the Congress launched a scathing attack against the Union government and the railways for charging money from migrants for the travel, sources in the railways said the national transporter is spending around Rs 80 lakh per service for the special trains, and it has run 67 such trains carrying around 67,000 stranded migrants since May 1--- incurring an expenditure of over Rs 50 crore.
The decision is likely to bring additional amount of about Rs 1,500 crore or Rs 15 billion (including interest) in the books of MTNL as refund from government for the pension that the PSU paid to its employees.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
The move is part of a larger initiative by the government to speed up work in the highway sector.
'It is important to improve the quality of spending.'
Chief Economic Advisor Arvind Subramanian's interview.
'The much-awaited decision could be a welcome change at a time when the Indian armed forces are crying for self-reliance and the defence industry is looking forward to more indigenisation,' notes Nitin A Gokhale.
Getting the balance between fiscal restraint and growth-contracting policy remains a problem.
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
Bullet trains are run by state-owned agencies in France and Germany.
The budgetary allocation for the sector is Rs 60,908.22 crore, with Rs 6,400 crore earmarked for the centre's flagship health insurance scheme Ayushman Bharat- Pradhan Mantri Jan Arogya Yojna (AB-PMJAY).
During April-October 20 period, the tax department has made refunds to the tune of Rs 80,850 crore.
'The spirit of cooperation between the Centre and states has been diluted in many ways.' 'The level of consultation which used to be there earlier has reduced significantly.'
'Defence does not new 'planning commissions'; it needs an implementation commission.'
Prime Minister Modi felt there were too many silos with no arrangement to take a comprehensive view on national security. The PM has entrusted NSA Ajit Doval to evolve a comprehensive roadmap and get it implemented, reveals Nitin Gokhale, Editor-in-Chief, Strategic News International.
The new Companies Bill will boost such spending by both public and private companies. Praful Patel, Union minister for heavy industries & public enterprises, speaks to Business Standard on the issue.
The Railway Board has decided to wind up the ambitious Rs 5,000-crore One ICT plan and the transformation cell
This will add to the woes of the conglomerate that had received a show-cause notice from the Directorate of Revenue Intelligence (DRI) last week for alleged over-valuation of imported machinery by Rs 2,000 crore.
The Indian Institute of Science topped the HRD ministry's 2017 national rankings. In 2016, the IISc was ranked among the world's top 15 universities in the Times Higher Education University Rankings. In his book The Creation of Wealth: The Tatas from the 19th to the 21st Century, R M Lala recounted how Jamsetji Tata's grand vision and immense personal contribution laid the edifice of arguably India's finest educational institution.
A tax reforms panel, headed by finance minister's advisor Parthasarathi Shome, is considering moving away from setting fixed tax-collection targets and linking these with the changing economic scenario during the year.
Every class of passenger travel, except three-tier AC, loses money.
'The Statue of Unity is wasteful expenditure, but engineering-wise they have chosen the right place and correct spot. It is a simple statue and well executed.' 'Here, the government has chosen a wrong spot. They have chosen a wrong design.' 'The Shivaji Maharaj statue is holding a sword and the length of that sword is 48 metres, which is equivalent to a 16-storey building!'
Hitting out at Baijal over the move, Sisodia wondered whether the L-G should have powers to express difference of opinion with an elected government on such critical matters of public interest.
Congress President Sonia Gandhi, her son Rahul, Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda are accused in the case.
'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
The government's austerity drive announced on Thursday , would lead to a saving of up to Rs 40,000 crore (Rs 400 billion) or 0.3 per cent of the Gross Domestic Product (GDP) but poses risks to growth, Japanese brokerage Nomura has said.
The former finance minister also criticised Prime Minister Narendra Modi over the words he chose to attack his predecessor Manmohan Singh, saying he should remember that the Chair he sat on was used by Pandit Jawaharlal Nehru and even Atal Bihari Vajpayee and hence he should use right language.
Divestment in PFC, REC, NHPC, Nalco, Hindustan Copper and NMDC could be considered
This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.
'Initially, we had 48 teams, now it has been enhanced to 133 teams: that is for every 10 to 12 villages, there is a team that is working round the clock.' '133 x 3, that is, given the 8-hour shifts.' 'They are monitored every hour, they are equipped with GPS -- everything is tracked live, real time, from the control room.'
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