News for 'Empowered Committee of Finance Ministers'

Will Modi's big ticket reforms help the banking sector?

Will Modi's big ticket reforms help the banking sector?

Rediff.com29 May 2018

Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.

Sonia charges PM Modi with making 'blatant U-turn' on transparency

Sonia charges PM Modi with making 'blatant U-turn' on transparency

Rediff.com6 May 2015

Congress President Sonia Gandhi on Wednesday attacked Prime Minister Narendra Modi for his "blatant U-turn" on the issue of transparency.

'Demonetisation was illegal'

'Demonetisation was illegal'

Rediff.com14 May 2018

'I want the prime minister to be punished because he put our country in difficulties as he took this decision without Cabinet approval.' 'When he had already ordered the printing of new currency notes on May 19, 2016, why did he tell lies to the country?'

Two major tasks for Sitharaman

Two major tasks for Sitharaman

Rediff.com13 Jun 2019

First, the Insolvency and Bankruptcy Code, much-lauded as a game changer, needs serious reform. Second, some vital policy choices would need to be made as far as competition law is concerned., says Somasekhar Sundaresan.

So who was orchestrating the Haryana mayhem and why?

So who was orchestrating the Haryana mayhem and why?

Rediff.com27 Feb 2016

Current events in Haryana have set the state back 20 years. But this is just the beginning. Let's play a game. Let's try figuring out how much further the state can slide.

How India can return to higher growth rate

How India can return to higher growth rate

Rediff.com28 Jan 2020

'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.

Government adopts UPA's Aadhaar Bill

Government adopts UPA's Aadhaar Bill

Rediff.com7 Mar 2016

The Bill neither plans to make the Aadhar mandatory or limit its issuance to citizens.

Can public sectors banks clean up the rot within?

Can public sectors banks clean up the rot within?

Rediff.com20 Aug 2014

The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.

India to crack down on savings scams as Modi backs banking for all

India to crack down on savings scams as Modi backs banking for all

Rediff.com30 May 2016

India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.

Where did Karnataka's 'value-based' politics vanish?

Where did Karnataka's 'value-based' politics vanish?

Rediff.com10 Jul 2019

'Somewhere in the midst of the three milestones of 1881, 1984 and 1999 are the clues that provide the answer to the troubling corrosion of Karnataka politics: The disappearance of values, the criminalisation of politics, and the complete collapse of ideology,' says Krishna Prasad, former editor-in-chief, Outlook.

RBI is 80! Milestones of an illustrious journey

RBI is 80! Milestones of an illustrious journey

Rediff.com2 Apr 2015

With a sole mandate of inflation targeting, RBI wears many hats.

Parliament passes Companies Bill; Pilot terms it 'historic'

Parliament passes Companies Bill; Pilot terms it 'historic'

Rediff.com8 Aug 2013

It makes it mandatory for companies to spend on social welfare and seeks to bring in greater transparency.

'Revive the Railways? Go back to the 1950s' model'

'Revive the Railways? Go back to the 1950s' model'

Rediff.com13 Jul 2015

'There is tension between the zones all the time.'

Modi govt needs new talent to change India

Modi govt needs new talent to change India

Rediff.com12 Aug 2014

If the Modi government is to keep its promise of change, it must bring in fresh faces.

Modi, Indira Gandhi and bad economics

Modi, Indira Gandhi and bad economics

Rediff.com30 Dec 2016

'All of Indira Gandhi's bad economic ideas are being strengthened, from nationalised banks to anti-poverty, handout yojanas,' says Shekhar Gupta.

The irony of green levies by courts

The irony of green levies by courts

Rediff.com17 Nov 2015

The Supreme Court imposed a green tax on trucks destined for other states but wanting to take a shorter route through Delhi.

Expose 'arrogant' and 'petty' Modi sarkar, Sonia tells partymen

Expose 'arrogant' and 'petty' Modi sarkar, Sonia tells partymen

Rediff.com6 May 2015

A combative Congress President Sonia Gandhi on Wednesday mounted a blistering attack on Prime Minister Narendra Modi, accusing him of running a government "of some people, by one person for a select few" and said he has not much to showcase even as the government completes one year.

Budget 2018: What young India needs from Modi Sarkar

Budget 2018: What young India needs from Modi Sarkar

Rediff.com31 Jan 2018

Education, jobs, health and more: Experts share their wishlist.

All about the Indian financial code 2.0

All about the Indian financial code 2.0

Rediff.com18 Aug 2015

The finance ministry has put out a revised draft in public domain.

Soon, it will be time to say: 'Bye Bye DGCA'

Soon, it will be time to say: 'Bye Bye DGCA'

Rediff.com20 Aug 2013

The Civil Aviation Authority of India Bill 2013, which was introduced by Minister of State for Civil Aviation K C Venugopal, would provide the CAA full operational and financial autonomy to regulate all issues concerning civil aviation safety and protect the interests of consumers in a fast-changing aviation scenario.

The NPA problem: 'There is no silver bullet'

The NPA problem: 'There is no silver bullet'

Rediff.com24 May 2017

Resolution to the bad loans problem has to be incremental, and the RBI has to ensure NPAs are not swept under the carpet, HDFC chairman Deepak Parekh tells Joydeep Ghosh.

Can Dada fix the BCCI?

Can Dada fix the BCCI?

Rediff.com21 Oct 2019

'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.

'Media reporting massive lay-offs is wrong'

'Media reporting massive lay-offs is wrong'

Rediff.com7 Jun 2017

'We are in touch independently with leading players, and they are denying it as well.' 'The Indian digital footprint is rising, creating new opportunities.'

COVID-19 can reset wrongs done to invisible millions

COVID-19 can reset wrongs done to invisible millions

Rediff.com23 Jun 2020

'The Modi government must create conditions to integrate millions into the rural economy as many migrants are certainly not going to return to live an undignified life,' notes Ramesh Menon.

SHOCKING! Aadhaar gives OUR personal info to foreign firms

SHOCKING! Aadhaar gives OUR personal info to foreign firms

Rediff.com18 Feb 2018

'The most valuable personal sensitive information of present and future citizens has been made available to foreign data firms and governments and non-State actors for all time to come,' says Gopal Krishna.

'Today, even the RBI is under political pressure'

'Today, even the RBI is under political pressure'

Rediff.com3 Aug 2017

'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'

Bank NPAs are just the tip of the iceberg

Bank NPAs are just the tip of the iceberg

Rediff.com16 Feb 2016

Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.

Will the Supreme Court declare the Aadhaar Act a black law?

Will the Supreme Court declare the Aadhaar Act a black law?

Rediff.com11 Jun 2018

Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.

Companies must invest more for CSR activities: Pilot

Companies must invest more for CSR activities: Pilot

Rediff.com10 Sep 2013

Expecting an annual CSR spending of Rs 15,000-20,000 crore (Rs 150-200 billion) by India Inc, Corporate Affairs Minister Sachin Pilot has asked companies to see the new law as an investment opportunity to create a better work environment, rather than a forced expenditure.

When cronies plunder scarce resources

When cronies plunder scarce resources

Rediff.com25 Oct 2013

Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.

Aadhaar may have a lethal impact on the existence of India

Aadhaar may have a lethal impact on the existence of India

Rediff.com5 Oct 2015

'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.

NDA got Rafale jets 20% cheaper than UPA: Jaitley

NDA got Rafale jets 20% cheaper than UPA: Jaitley

Rediff.com29 Aug 2018

Mr Rahul Gandhi himself has given seven different prices in different speeches with regard to the Rafale, that is the 2007 offer.

'You are sitting on a volcano of Dalit anger'

'You are sitting on a volcano of Dalit anger'

Rediff.com9 Aug 2016

'Only the smoke is coming out now. Let us prevent the lava from coming out by taking proper measures.' 'I have told every leader that you cannot have a stable government without winning the confidence of the scheduled castes, scheduled tribes and the most backward castes.' 'Leaders feel that by giving a sop here and there and by symbolic actions, they can win votes. That's all they want. Votes.'

Exclusive! Medha Patkar: Land acquisition ordinance will destroy poor

Exclusive! Medha Patkar: Land acquisition ordinance will destroy poor

Rediff.com14 Jan 2015

The new ordinance on land acquisition will allow land grabbers to deprive millions, destroy agriculture, horticulture, rivers, forests, tree cover and mangroves to extract minerals as well as ground water, without replenishment at a pace that will not leave anything for the next generation, warns activist Medha Patkar.

Favourable policies brighten telecom prospects in 2013

Favourable policies brighten telecom prospects in 2013

Rediff.com30 Dec 2013

After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.

Aadhaar Act contravenes right to life and personal liberty

Aadhaar Act contravenes right to life and personal liberty

Rediff.com17 Oct 2017

Aadhaar-related schemes and the Aadhaar Act exist on the assumption that Right to Privacy is not a Fundamental Right.

'Our people are disillusioned over peace with Pakistan'

'Our people are disillusioned over peace with Pakistan'

Rediff.com7 Dec 2015

'Pakistan's capacity to carry a normal relationship with India doesn't exist.' 'The relationship with Pakistan is less important than several others.'

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