IMF believes it is mostly cyclical, not structural, but because of the financial sector issues, recovery will be not be quick. IMF said, it saw an opportunity with the strong mandate of the new government to reinvigorate the reform agenda to boost inclusive and sustainable growth.
The defence minister has to correct a major asymmetry. Will his discipline come in the way?
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
The regulator has put a cap on the business a bank can get from a single insurer.
While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.
This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
This is causing a shortfall of critical ammunition within the army at a time when the MoD is making emergency purchases from the global arms market to cater for a possible clash with China.
The proposal is currently with the finance department and is expected to be placed before the Cabinet in the coming days.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
The city's overall air quality index stood at 306 on Friday.
For states like West Bengal, Bihar, Odisha, Jharkhand and Uttar Pradesh, where migration is high, the return of workers could be as much an opportunity as a liability. All states have launched portals to register migrant workers; additional fields like nature of employment and remuneration in the past 2-3 years are being added to help in skill mapping.
Officers of the three premier services -- Indian Administrative Services, Indian Police Service and Indian Foreign Service -- will now spend a minimum of two years at each posting and any exception in the form of transfers or new appointments will only be done upon the recommendation of a civil services board, according to new rules aimed at checking political interference.
'Param Bir's letter alleges that Waze was being used directly by the home minister.' 'I think an enquiry by a high court judge is the need of the hour.'
The Trump Administration called on the Pakistani government to deny sanctuaries to 'dangerous' individuals and organisations.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
Syed Firdaus Ashraf/Rediff.com presents the names of 10 global terrorists who, according to United Nations Security Council, are operating against India from Pakistan.
Private hospitals can charge up to Rs 250 per dose of COVID-19 vaccine, official sources said on Saturday as India prepares to vaccinate people aged above 60 years and those over 45 with comorbidities from March 1.
In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
State pegs total loss due to rains at Rs 8,481 crore.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
Ayushman Bharat aims at providing a cover of Rs 5 lakh per family annually and is aimed at benefitting more than 10 crore poor families across the country.
Most feel as the movement of people normalises, the in-patient volumes in hospitals will grow and by the end of May, occupancy should be around 50 per cent, and 75 per cent over a period of time.
Modi also reached out to traders, saying their past records will not be checked by the income tax department if they join the formal economy by getting themselves registered under the GST regime.
It said New Delhi increased its purchase of foreign exchange over the first three quarters of 2017 which does not appear necessary.
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.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Did you know that India is among the top five countries in food processing?
Rajan's last day at Tata Sons, where he has worked since the 1990s, will be March 31.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
In 2016, the Centre has been able to get only seven IAS officers from all states so far.
Trai calls both Jio and incumbents for a meeting to discuss the issue
'Collateral damage during operations needs to be avoided.' 'Such an objective can be achieved more easily should stone throwers not gear up to en masse oppose security forces.' 'With the conditions being quite sensitive at this stage, the death of one of these boys could easily serve the terrorists in instigating violence,' notes Brigadier S K Chatterji (retd).
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
One Raj Shah has been the top Indian American in the Obama administration; the other Raj Shah is poised to play a key role in the Trump administration.
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