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.
The approvals would be handled independently by administrative ministries of different sectors.
The Supreme Court on Friday granted six weeks time to Mukesh Ambani's Reliance Industries Ltd (RIL) to respond to the final CAG report which found alleged irregularities including in payments made to the contractors on drilling of D6 wells at the Krishna-Godavari basin.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
'There is a deep stigma or taboo attached to COVID-19 in rural areas.' 'People don't want to test because they fear social exclusion.' 'Even those who test positive may not reveal and not follow the quarantine protocol.'
Japan's Asahi Shimbun, an official partner of the Tokyo 2020 Olympics, called for the Summer Games to be cancelled in an editorial
In the midst of huge job losses as a fallout of the coronavirus pandemic, Tamil Nadu Chief Minister Edappadi K Palaniswami has signed 17 MoUs for an investment of Rs 15,100 crores that aim to provide 47,100 jobs. But a clearer picture on where the projects stand will emerge only after the Covid-19 induced fear psychosis ends, to see if popular protests will derail them like they have done so many others, says N Sathiya Moorthy.
The first major aspect is that of the veto power to the governor.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
The 'Smart Cities' project is one that has faced many hurdles.
'The issue is not whether the farm laws are beneficial for the farmers or not.' 'The farmers have taken a stand that they do not want these laws.' 'Why do you want to thrust these laws down their throat?'
Four specific areas will be watched carefully in the first half of FY16
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
These figures are based on purchasing power parity of 2005.
A strong partnership with US would deter China from making any aggressive posture against India, said Puneet Ahluwalia, a member of the Trump's Advisory Committee on Asian Americans.
Military clashes between China and Japan cannot be ruled out and the People's Liberation Army will fight back if provoked, a top Chinese official said on Monday.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Says licensing of new banks should be a continuous process instead of the current stop-go system
The Narendra Modi-led government has issued around 50 fresh guidelines easing conditions for industry in about six months, beside launching an online system for applying environment clearances.
Finance Minister Arun Jaitley said it has been decided to fix the minimum wages at Rs 350 per day for unskilled non-agricultural workers for 'C' category areas keeping in view the modalities of fixing minimum wages.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
Renu Mittal explains why United Progressive Alliance government's crucial legislative plans may not work despite all its efforts.
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Trump also announced that the US will end special treatment of Hong Kong in response to Chinese imposition of new controls.
The Prime Minister's Office has clarified that the total sanctioned strength of the PMO has been around 525 in the period 2011-14. As against this, the actual strength of the PMO in the years 2011, 2012 and 2013 was in the range of 407 to 411. The number has now declined to 385.
The Congress on Saturday released its election manifesto for Telangana, promising socially-inclusive growth with focus on jobs and social justice and a three-pronged approach for building the new state.
Likely to select from 3 shortlisted; follows Sanjeev Kaushik's refusal to take the job if made to retire from IAS
The state government has formed two committees under the chief secretary and the cane commissioner on the matter.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Five longtime Republicans -- K V Kumar, Puneet Ahluwalia, Suhail Khan, Ajay Kuntamukkala and Harry Walia -- have been named to the GOP's Asian Pacific American Advisory Council.
Raghuram Rajan speaks on the unscheduled rate cut.
India is in the midst of its biggest crisis since Independence. It is a national emergency and begs to be dealt with. Politics can wait. Lives need to be saved. We need to vaccinate India at a pace faster than any country in the world, asserts Ramesh Menon.
This has spelt trouble for the mills. Most of them are unable to pay the farmers.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
