A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.
The Jan-Dhan accounts are zero balance accounts, comes with a life cover of Rs 30,000 per person, and an accidental cover of Rs 100,000. An active user of the account can also get overdraft facility of Rs 5,000 from banks.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
The calculation is based on annual usage of eight cylinders per household.
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.
Real estate sector cheers reforms in the Budget.
The Supreme Court Friday granted the 'last opportunity' to the Centre to file its reply on a public interest litigation seeking directions for framing of guidelines identifying minorities at the state level as Hindus are in a minority in 10 states and are not able to avail the benefits of schemes meant for minorities.
'Gruha Lakshmi Yojana' is an attempt of the Congress party to share the 'burden of the exorbitant' LPG prices and the 'costly daily expenses' that a woman has to bear, the party said.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Petrol prices have been cut in small doses on 20 occasions.
It asked the Centre to keep allocating food grains to the states, UTs for distribution among migrant workers for free till the pandemic situation exists.
There are many collateral advantages of taking the tough decision.
The agenda for the year 2020 is well laid out -- launch of UDAY 2.0, installation of smart pre-paid metres, prompt payment by discoms, making coal available for short term and reviving gas based plants. But, it has to ensure effective implementation of various policy tweaks done so far.
Modi wants the BJP to gets an additional 10% of the vote share from what it won in 2019. Plans are afoot to get new faces to replace MPs with poor chances of winning. Sources say more than 100 MPs are like to be axed, notes Modi biographer Ramesh Menon.
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
'You need a leader whom India can identify with and I cannot think of any other leader except Sachin Pilot in the Congress party.'
The top court said it is not satisfied with the efforts of the Centre as well as the states on the issue of registration of workers in unorganised sectors.
Sources close to the PM say he will not be panicked into generating short-term results at the cost of longer-term goals
So far, 758 million Aadhaar numbers have been generated.
In the pre-scheduled meeting, the home minister reviewed the prevailing security situation in the Union Territory and steps taken to deal with the Pakistan-backed terrorists and maintain peace.
He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
In its report tabled in Parliament, the national auditor said the Dassault Aviation and the MBDA proposed in September 2015 to discharge 30 per cent of their offset obligations by offering high technology to the Defence Research and Development Organisation (DRDO), but the two firms are yet to do it.
Finance ministry asks bank, insurance & market regulators to issue notifications
The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
Venkaiah Naidu said Aadhaar will not be made mandatory till the entire population gets such cards or UID numbers.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
'You can presume that Modi and his party will now focus on the economy.' 'But then, there is the Jharkhand election next month, Delhi soon thereafter and so on.' 'And this isn't a political leadership that takes even a panchayat election lightly,' notes Shekhar Gupta.
'Anyone can string together a few alliterative words, but are they a substitute for serious thought?' 'And do they make for a strategy or plan for coherent action?' asks T N Ninan.
'Both the BJP and SP have workers and cadres across the state, and now it will boil down to which party manages booths smartly and gets its voters to come out.'
Singh said in his plea before the high court that Deshmukh held meetings at his residence with several Mumbai police officials, including Waze, in February this year.
A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
Bundled products often come with restrictions. The customer also gets locked into two products at the same time. This reduces flexibility.
These conditions are implementation of the 'One Nation, One Ration Card' scheme, ease of doing business, power sector reforms, and urban local body reforms.
The Indian basket represents the price of Oman and Dubai sour grade crude.
Prima facie there was a nexus between human rights activist Gautam Navlakha, an accused in the Elgar Parishad-Maoist links case, and Syed Ghulam Nabi Fai, an agent of Pakistan's spy agency ISI convicted in the United States for terror funding, a special NIA court has said in its order denying bail to the campaigner.
As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.
The high court had dismissed the PIL relying on the apex court's decision of August 18, 2020, which refused a plea by NGO CPIL for the CAG audit of PM-CARES Fund.
Amendments to RBI Act likely soon
Declining crude price translates into lower under-recoveries for OMCs
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