Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," he said. Modi also said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has "no business to be in business".
Nivedita Mookerji goes in search of the elusive war room to track and respond to the coronavirus threat.
'It is just an excuse to say that the Centre has run out of money.' 'Pruning these schemes would mean hard time for the people of India.'
Sangma said finding the solution was not an easy decision, but for the political will of Prime Minister Narendra Modi and Home Minister Amit Shah.
Amid questions over his future, many political observers believe he has enhanced his political stature.
Prime Minister Manmohan Singh on Thursday said a strong domestic manufacturing base in electronics and telecommunications will mitigate burden of growing imports for the sector.
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.
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.
Pawar filed an additional affidavit before the probe panel on April 11, a copy of which was made available on Thursday.
It also opposed the suggestion that the contributions be transferred to the National Disaster Response Fund.
Democracy is the heart of our body politic and elections are its life blood. Because there is some disease that affects it, we cannot apply leeches to drain it off, killing the body in the process, asserts Shreekant Sambrani.
More than India's alignment with the Quad, India's defence cooperation and partnership with the USA is of critical importance, notes Rup Narayan Das.
Mallikarjun Kharge on Wednesday took charge as the Congress' first non-Gandhi president in 24 years, citing Rahul Gandhi's slogan 'daro mat' to energise workers and declaring that the party will demolish the government's 'system of lies, treachery and hatred'.
A home ministry spokesperson, however, said the decision does not imply that the AFSPA has been completely withdrawn from the three insurgency-hit states but will continue to be in force in some areas of the three states.
Global credit rating agency Fitch upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.
The death toll due to the coronavirus infection rose to 7,466 and the cases mounted to 2,66,598 in the country.
Despite getting lukewarm response from the earlier two auctions, the government on Monday said it is confident of meeting the revenue target of Rs 40,000 crore (Rs 400 billion) from spectrum sale this fiscal.
The former Union minister said it is 'quite heartening' to see that Gandhi has taken up the initiative to involve Kishor to come out with a strategy for the 2024 Lok Sabha elections, and the party's revival plan.
The oxygen shortage was inevitable to an extent given the tsunami of Covid cases, but the problem is the lack of even basic preparation by both the Centre and states, notes Shyamal Majumdar.
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
However, two districts -- Pilibhit in Uttar Pradesh and Shaheed Bhagat Singh Nagar in Punjab -- which did not record a fresh case in the last 28 days, reported new COVID-19 cases on Monday, it added.
The govt plans to seek Centre's help for a re-assessment by the World Bank.
This step by the Modi government is in the right direction and will go a long way in safeguarding the interests of socially and economically backward communities, asserts Professor T V Kattimani, Vice-Chancellor, Central Tribal University, Andhra Pradesh, Vizianagaram.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
Women, if addressed properly, have the potential to become a decisive factor in elections.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
While welcoming Prime Minister Narendra Modi's announcement on Saturday to celebrate January 16 as National Start-up Day, six years after the Start-up India Action Plan was launched by the government, stakeholders in the ecosystem say that more needs to be done at the policy level to unleash the next phase of growth in the sector. "The Start-up India programme's launch in 2016 was a turning point - that is when the promoter came to be known as the founder in the country and the word 'entrepreneur' entered the common lexicon. "But now we need a Start-up India 2.0 now for the next phase of growth of the ecosystem", said Siddarth Pai, managing partner of venture capital (VC) firm 3one4 Capital. Pai says that Startup India 2.0 must look at promoting Startups headquartered in tier II,III & IV cities and solving the problems of Bharat.
"People must realise that mob violence and taking of law into the hands will invite wrath of law," said the bench.
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
As per the current market price, the government is expected to fetch Rs 5,300 crore (Rs 53 billion) by selling 10 per cent equity or 24.27 crore (242.7 million) shares at discounted price to Oil and Natural Gas Corporation and Oil India Ltd.
A well-functioning GST will enhance tax compliance and boost growth: IMF
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The farm bills passed by Parliament mark the watershed in the liberation of India's farming community from the shackles of exploitative practices that slow-pedaled their progress, the former civil servants said.
State-owned ONGC and Oil India Ltd (OIL) are likely to buy a 10 per cent stake in Indian Oil Corp (IOC) from the government at Rs 220 per share, aggregating about Rs 5,300 crore (Rs 53 billion).
The caste census has already become a hot-button issue. Unless settled earlier, it will echo loudly in the coming assembly elections and eventually in the 2024 parliamentary poll, notes Virendra Kapoor.
Speaking at the Rashtriya Swayamsevak Sangh's Dussehra rally in Nagpur, Bhagwat said community-based population imbalance is an important subject and should not be ignored.
Chief Economic Advisor (CEA) K V Subramanian will be leaving the finance ministry and returning to academia on completion of his three-year term. The government had appointed Subramanian, an ISB Hyderabad professor, as the CEA in December 2018. He had succeeded Arvind Subramanian, who quit the position close to a year ahead of his extended tenure. Subramanian's three-year term would have come up for renewal in December but he decided to return to academia.
'The RSS ideology has been borrowed from fascism and is not borne out of Hinduism.' 'They want India to have one historical identity whereas India is a land full of divergence which goes in every direction.'
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
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