'There are two pre-conditions for big reforms. One, a sense of crisis and second, fairly concentrated levers of power.' 'India is growing at 7.5 per cent or something close to that.' 'Our levers of power are decentralised, not just between the Centre and states. Power is dispersed and there is no sense of crisis.'
Two former union ministers have sought registration of an FIR into the fighter jet deal between India and France alleging "criminal misconduct" by high public functionaries.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Can Indian youth work on solutions for cyber security?
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
'There is a great scope for enhancing the use of organic fertilisers'.
'The right to shelter does not mean right to government accommodation. The government accommodation is meant for serving officers and officials and not to the retirees as a benevolence and distribution of largesse,' a bench of justices Hemant Gupta and A S Bopanna said in its judgement passed last week.
'With the largest number of malnourished people on the planet, India is poised to be a nation that significantly under-performs as an economy.'
Modi government has to come up with a robust economic agenda to impress the masses.
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
AG Venugopal asserted that right to privacy could not be bundled as a single right in a developing country like India where a few persons, claiming right to privacy, override the fundamental rights of 60-70 million people, who did not have access to basic amenities like food and shelter.
'The people of Uttar Pradesh have already made up their mind to puncture the Samajwadi Party's cycle, kick away the Bahujan Samaj Party's elephant, and remove shadows of the already-vanished hand of the Congress.'
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'
Credibility of fiscal promises is a virtue that no finance minister can afford to lose.
India plans to directly transfer cash benefits to bank accounts of people under various social welfare scheme over the next few years and is expanding the banking network.
With UPA facing allegations of corruption, Prime Minister Manmohan Singh on Saturday said his government wants to use new technology to curb dishonesty and bring transparency in governance.
Manish Sabharwal tackles 5 criticisms of demonetisation.
'Economic issues do not matter during elections; it is the emotional connect that helps swing votes.'
Take part in the growth story, Amit A Shah tells Corporate India.
If diesel subsidy can be confined to the running of public transport vehicles and agricultural pump sets, then it will stop benefiting private car owners and sundry other unintended recipients.
Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.
Economic growth in the last two years has stayed above seven per cent.
The Pradhan Mantri Jan Dhan Yojana scheme will help eradicate poverty and curb corruption at the grassroot level, industry said.
Experts said the rules will help curb market manipulation and money laundering, which could take place during the transfer of shares between residents and NRIs.
The court said had the prosecution witnesses not turned hostile, the outcome of the trial would have been different.
The solicitor general said that the PM CARES Fund is a 'voluntary fund'. "It is a public trust. It is a body where you can make voluntary contributions and no budgetary allocations to the NDRF or SDRF are being touched. What has to be spent will be spent," the law officer said.
P Chidambaram accused the BJP of making a u-turn on bills like GST after having stalled them during the UPA regime.
Mr Modi must now work to win over the governor as a friend and learn to influence people credibly.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Modi sarkar will have to undertake reforms to prove its mettle.
So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, observes T N Ninan.
The government's initial promise and energy seems to have dissipated.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
'It doesn't really matter ultimately what individual commentators say or write about Modi. So long as he continues the BJP's march towards greater vote share, a bigger geographic spread and a crushing of the Congress, he is a success,' says Aakar Patel.
Whether it is for disaster relief or a personal cause, some online platforms help you raise funds for a fee.
Modi is optimistic that the reforms will be passed soon.
Most expect the Budget to be path-breaking.
'Transparency is us watching the government and not the government watching us'
'The finance minister and the government have met the immediate challenge. The wine this time is new and also in a new bottle, which, though not full, is less than half empty.'
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