Bringing back money stashed in Swiss banks by Indians is not going to make any 'significant difference' to the overall economy, Prime Minister's economic advisory panel head Suresh Tendulkar said on Monday.
'Man-made interventions vastly increased the magnitude of the tragedy.'
Retail inflation crossed the RBI's comfort level and rose to 5.21 per cent in December on increase in prices of food items.
The capital recorded 2,373 fresh coronavirus cases taking the tally to 92,175. With 61 deaths, the fatalities now stand at 2,864.
DoT will have wider consultations with all stakeholders.
GST reform has been hanging fire since 2006-07.
One consequence of this shift will be that other sectors will see a reduction in the amount of resources allocated over the 11th Plan period. On the whole, the non-priority sectors, which accounted for 44.8 per cent of the total allocation during the 10th Plan period (2002-07), will now only get 25.3 per cent.
Reserve Bank of India Governor Y V Reddy on Tuesday admitted that inflation in India's food prices is much higher than the country's 'tolerance limit' necessitating a comprehensive review of the situation. In response to another question on whether from a monetary policy standpoint he was going to be taking actions to try to counter food price inflation, Reddy said in terms of monetary policy actions they will be governed by lot more desegregated analysis of the situation.
According to sources, the Department of Industrial Policy and Promotion and Ministry of IT have supported the reserve price of Rs 2,020 crore (Rs 20.2 billion) as was originally recommended by DoT. Last week, the finance ministry had asked the DoT to double the reserve price for pan-India 3G spectrum.
Set up by India's first Prime Minister Jawaharlal Nehru, the Planning Commission brought 12 five-year plans and six annual plans involving fund outlays of over Rs 200 lakh crore in its nearly 65-year-history.
On the occasion, a panel discussion will be organised on 'Combating inequalities for the achievement of SDGs'.
While markets are upbeat over the government decision to nearly double the price of domestically produced natural gas, industry wants it to clearly lay the roadmap for free market pricing regime.
The Constitution should not encumber these choices, specially limiting them to second-best or third-grade options.
'It has also saved the government about $ 9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list,' Nilekani said at an event on the sidelines of the annual meeting of the International Monetary Fund and the World Bank.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
Sources in the poll panel said, prima facie, Adityanath has violated the EC's advisory of keeping armed forces away from political campaign.
'It is just that they are not in the limelight in a city like Mumbai.' 'It is not a lonely journey, but a tough journey for sure.'
The kind of jobs that will last in future are creative, people-led and social. These are the jobs that automation can't take away.
The high point of the trip will be Goyal's meeting with US Trade Representative Robert Lighthizer on November 13, which is expected to see the USTR push India towards lower import duties in a broad range of areas.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
Perturbed over calling 26/11 Mumbai terror attack mastermind and Jamaat-ud-Dawa chief Hafiz Saeed as as 'sahib' by a United States Security Council panel, India will seek a clarification on it from the world body.
Public sector banks have already begun slashing their prime lending rates while some in the private sector space have so far refrained from doing so. "Private sector banks will (now) have to reduce their rates," Prime Minister's Economic Advisory panel chief Suresh Tendulkar said. "Banks are well-capitalised but the current problem is that they are unwilling to lend."
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
With the government reducing the net worth for new entities in fuel-marketing space to Rs 250 crore, the market is open for new players like Total, Adani, and Saudi Aramco -- and even supermarkets - to open fuel outlets.
Three special economic zones promoted by Mukesh Ambani and Anand Jain in Navi Mumbai are among among 36 proposals that got cleared by the Board of Approval on Friday.
Neri Oxman is an award winning architect who combines technology with botany and life.
The Planning Commission on Tuesday projected a 8.5-9 per cent economic growth for this fiscal despite a slowdown in industrial growth in July.
'When there exists a feeling within a minority - either at the higher or lower levels - that there is discrimination, then steps must be taken to remove that feeling, that perception,' says former judge Rajinder Sachar.
At present, laws on wages do not cover workers getting a monthly wage of more than Rs 18,000
Mayor Bill White honoured the duo with special proclamation certificates at the 17th annual convention of the American Federation of Muslims of Indian Origin.
Defence Secretary Lt Gen (retired) Alam Khattak told the Senate Standing Committee on Defence on Wednesday that RAW had set up a 'special cell' to sabotage the ambitious CPEC.
The FMC on Thursday barred the National Spot Exchange and group firms from auctions of commodities held by the bourse after a complaint that firms related to the former managing director took part in the bidding process.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
The Rubber Board has presented a detailed plan to the commerce ministry in this regard. The economic and finance committee under the ministry will examine the proposal and forward it to the plan panel for approval.
Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.
'There is not a parallel on this planet, in any field of endeavour as you have in the case of the IPCC.' Dr R K Pachauri defends the science involved in drafting the reports on climate change.
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
The report was tabled by Minority Affairs Minister A R Antulay.
A DoT panel has backed net neutrality and made some recommendations to push the cause
Rejecting short cuts like creating small pockets with latest amenities, an official committee has recommended that to make Mumbai a truly global financial hub by 2020, the infrastructure of the entire city should be improved.
