'The Modi government has been taking credit for improvement in respect of the ease of doing business in India.' 'But when I look at the scams I cannot help feeling that it is too easy to do business with banks in India, if one is a Harshad Mehta, Vijay Mallya or Nirav Modi and their tribe,' says former Union home secretary Madhav Godbole.
Government has approved follow-on public offer of Power Finance Corporation worth Rs. 5,732 crore.
Jaitley said the government had earmarked Rs 25,000 crore (Rs 250 billion) for recapitalisation.
The candidate will be expected to have at least two to three years of remaining service.
The Oil Ministry has proposed raising natural gas prices by at least 60 per cent, a move that will result in rise in urea as well as power costs.
The Prime Minister directed that a special cell be created immediately in the Cabinet Secretariat.
Women, if addressed properly, have the potential to become a decisive factor in elections.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'
Jaitley also hinted that these very economic realities could decide whether the government sticks to a fiscal consolidation roadmap or not.
Ramesh Menon, the veteran journalist suggests Prime Minister Narendra Damodardas Modi what he should do if he wants to win 2024 Lok Sabha elections.
On Sunday, Prime Minister Narendra Modi expanded his Cabinet and inducted 21 new ministers. Of these, 4 - Manohar Parrikar, JP Nadda, Suresh Prabhu and Birender Singh were appointed as Cabinet ministers. Other than this, Modi has inducted 17 other ministers of state. Here's a quick look at them:
The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
PSUs will get direct allotment.
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
'What matters is meeting the needs and expectations of the people who have voted to provide governance for the country.'
Union Finance Minister Arun Jaitley explains the future of the Land Acquisition Law in India
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
'Growth is predicated on the misery of large sections of people.' 'Maybe Hindutva will be used to suppress any such unrest.'
This Budget plans for an increase to 10.3% of GDP from 9.9%.
The Pension Fund Regulatory and Development Authority Bill, 2011, provides for market based returns and wide coverage based on several investment options in the pension sector with an aim to building confidence in the subscribers.
The meeting was attended by Home Minister Rajnath Singh, Finance Minister Arun Jaitley and chief ministers with the exception of West Bengal Chief Minister Mamata Banerjee and J&K Chief Minister Omar Abdullah.
The move is part of a larger initiative by the government to speed up work in the highway sector.
The government also ruled out having a re-look at the present reservation system.
A moderate GST rate obviates the need for the two-rate structure.
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
Govt is keen to push reforms in the insurance sector.
Govt reconstitutes body, says will not interfere in senior PSB appointments
The GST will alter the very face of fiscal federalism in India.
Even as India gears up for election results on May 16, a group of senior Bharatiya Janata Party leaders have taken up an informal initiative to see how a 'Modi ministry' will look like, in case the party forms the government at the Centre.
'With the top court's judgment declaring the Right to Privacy a Fundamental Right, the powers under the provision need to be looked afresh.' 'To utilise such sweeping powers in the right manner will also be a challenge.'
From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.
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.
In the first of a three-part series Paranjoy Guha Thakurta details the salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.
Amid talk of Congress preparing to project Rahul Gandhi as its prime ministerial candidate, Union Minister Manish Tewari on Tuesday said the party vice president is its "natural leader".
'If more than 60 commissioner-level tax officials were compulsorily retired in the span of a few months, surely the malaise is far deeper,' notes A K Bhattacharya.
The Bill neither plans to make the Aadhar mandatory or limit its issuance to citizens.
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