According to the Reserve Bank of India's data, cash still accounts for 90 per cent of all monetary transactions in India.
'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
The question may sound irrelevant, but several public sector banks seem to have a different view.
India could gain four times over by winding up dysfunctional subsidies.
FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai.
When contacted whether Letters Rogatory have been sent, CBI sources said "it is in the process".
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
The fall in crude prices has added to the gains.
'Even if Serum Institute and Bharat Biotech were successful in ramping up production overnight, what happens to the capacity after the demand from India is met?' asks Sanjeev Nayyar.
'Modi had promised to deposit money in the accounts of people, but he has done it only in the case of some rich businessmen like the Ambanis'
It is important to celebrate when your first paycheck arrives, but is equally important to ensure that you take the time to learn some very important personal finance lessons, so that you can put your salary to work for you and grow a savings corpus.
'I want to send a positive message to people that they should not fear the Covid vaccine.'
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash.
'Smokers are a highly susceptible population during this pandemic.' 'Health benefits from quitting smoking can start as early as within an hour.'
From July 1, retail investors can offer stocks through exchanges for de-listing, buyback and open offers
The Delhi high court on Friday sought response of 16 policemen acquitted of murder charges and other crimes by a trial court in the 1987 Hashimpura massacre case.
Universal basic income or social security? Economist Nitin Desai feels we need a blueprint for universal health care and pensions to help the vulnerable section.
The FM asserted that nearly Rs 11.85 lakh crore out of the Rs 15.44 lakh crore junked notes were back into the system
Milind Deora, minister of state for communication and information technology and shipping, is one of the Congress' young guns under Rahul Gandhi. He tells Kavita Chowdhury that the core problem for the United Progressive Alliance in its second term has been its inability to communicate effectively. Edited excerpts:
Modi said the government is committed to enhancing the income level of the handloom weavers apart from putting in place a robust social cover for the weavers' families.
Although Russia, United States and China have achieved a soft landing on the lunar surface, India is aiming at becoming the first one to explore the south pole of the Moon.
.jpg)
The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
Ajai Shukla presents an action plan for Defence Minister Rajnath Singh to fix the systemic weaknesses in defence.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
Veteran BJP leader Eknath Khadse says he will expose Devendra Fadnavis in a forthcoming book.
Market hopes govt will hike capital expenditure.
It's the age of the DIY travellers.
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
Aslam Hunani presents some of the frequently asked questions about health insurance in India.
There is a link between objectives and commitments.
With equity and commodity exchanges allowed to enter each other's areas from October, brokerages are pump-priming their businesses to allow their clients seamless trading in commodities and equities.
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
A high power satellite, GSAT-15 is being inducted into the INSAT/GSAT system. GSAT-15 carries a total of 24 communication transponders in Ku-band as well as a GPS-Aided GEO Augmented Navigation (GAGAN) payload operating in L1 and L5 bands.
Rama Krishna Sangu, partner, Manohar Chowdhry & Associates, Chartered Accountants, and a member of the Indirect Tax Committee of ICAI, fielded readers' questions on GST on Rediff Chat.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
'While the poor have little say in shaping India's intellectual or public discourse, they do have a significant role in deciding political outcomes,' points out Roshan Kishore.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances