A staggering $18 trillion worth unaccounted money is stashed in tax havens.
The MPs voted in favour of the Queen's Speech by 323 votes to 309 with a majority of 14.
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
The challenge before the government now is to use the factors that are favourable to its benefit.
Former world heavyweight boxing champion Muhammad Ali died on Friday, aged 74. Following are some of the immediate reactions to the news:
Is Minister of Women and Child Development Maneka Gandhi opening another minefield with the introduction of mandatory pre-nuptial agreement before marriage or will this proposed legislation help streamline the dissolution process of a marriage given the spiralling divorce rates in our country? Rashme Sehgal speaks to lawyers on the issue.
A determined Delhi Daredevils will make another push to stay in the hunt to make the playoffs when they take on bottom-placed Rising Pune Supergiants in the Indian Premier League in Visakhapatnam on Tuesday.
In a world in which men still dominate the institutional landscape, gender-neutrality is as much their responsibility as women's.
'The selection process of the CBI chief has not been appropriate.' 'Three successive CBI directors have been found in corrupt moral practices.' 'A thorough investigation needs to be done before appointing anyone to such a post.'
There are about 15.3 crore LPG consumers in the country.
Today, automatic cars are reliable, fuel-efficient and easy to maintain
Speaking at the inauguration and laying of foundation schemes of various schemes, Modi said, Leh and Ladakh will also be benefited by this.
'It is important that the prime minister and our officials here, we dedicate ourselves to that important goal, the concept of freedom of religion for all to worship their faith,' US Congressman Ed Royce tells Aziz Haniffa/Rediff.com
At that time, nobody would have thought a construction period of three to four years would be grossly inadequate
Caste assertions, including from the upper castes, could have the Sangh Parivar stumble yet again in its efforts to construct a Hindu rashtra.
Batting for minority rights, Congress President Sonia Gandhi on Wednesday cautioned people against forces weakening the country's secular ethos and said communal harmony should not be disturbed over small, local incidents.
While India has to curtail its side, those who do business in India have to be more conscious that they should be less part of the problems and more part of the solution, the business magnate said.
Keeping a company on the cutting edge is about more than making workers happy.
IMAGES from the matches played during the Wimbledon Championships at the All England Lawn Tennis and Croquet Club, at Wimbledon in London on Thursday
'Of equal importance was the AIADMK's precarious assembly membership, what with 11 of its MLAs including deputy chief minister OPS facing court cases for disqualification and by-elections due in another 21. To shore up the party's numbers for anticipated eventuality on the 11-MLAs' front, the AIADMK leadership in general and chief minister EPS in particular, were even more focussed on assembly seats than LS seats, just now,' says N Sathiya Moorthy.
'Though the RSS honours Sardar Patel, who actually banned it, the real hero in the story of its rise is Jayaprakash Narayan,' says Vir Sanghvi.
Cook's statement is of major significance, especially given Apple's recognition as a global brand, says Aseem Chhabra.
Indian students, who are living and studying away from home, tell us how they are dealing with the COVID-19 crisis and what they discovered on their journey back home.
'Is Ansari flagging a genuine concern? Is a rectification called for?' 'And finally: Do minorities matter?' asks Shekhar Gupta.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Players after the India-England ODI series.
'Disturbingly, the dissenting judgment of the Supreme Court has raised doubts whether religion, race, caste, community, language etc can be separated from politics at all. It has rightly underlined that this question should to be addressed by Parliament rather than the Supreme Court,' says Dr Madhav Godbole, the former Union home secretary.
The apex court was deciding on the question whether an expelled member could be disqualified under the law, if he or she defies party whip.
Union Minister for Rural Development Jairam Ramesh continues to be the rising star in Rahul Gandhi's Congress. With the Congress war room at Gurdwara Rakabganj Road being re-designated as the Congress Coordination Centre, Ramesh has been appointed as the convenor of a small group which would look after the co-ordination work for the 2014 Lok Sabha elections.
India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
The coal-bearing states shall be getting additional revenue from such coal mines.
Demonetisation impact, earnings growth, central bank policies will get attention.
Modi also invited suggestions from the people for inclusion in his Independence Day speech.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
Prime Minister Narendra Modi on range of issues -- from Rafale deal to Ram temple and triple talaq.
Bhat recently used the 'face-swap' feature on Snapchat to imitate cricketer Sachin Tendulkar and then singer Lata Mangeshkar.
'The government is using the Intelligence Bureau to go after NGOs.' 'It is not only the NDA, the UPA also didn't like NGOs.' 'NGOs predominantly work with the poor. So, when you cancel an NGO, the affected are the poor, the Dalits, the tribals, the street children and the marginalised.'
It should not surprise anyone if either of the contending parties in the 'TN speaker's case' comes up with a submission for referring the matter of 'speaker's powers' to a Constitution Bench. In political terms it could buy more time for the Edappadi camp, to settle down and stabilise itself, says N Sathiya Moorthy.
In the Silicon Valley of India, one can use the cryptocurrency to pay for food, buy bus tickets, order stuff online, and even get a haircut.
'By giving cameras unimpeded access to their world-class training facilities and coaches, and by showing off Guardiola's genius, All Or Nothing is a striking show of power, a declaration of their conviction of being the bigger club in Manchester,' says Dhruv Munjal.
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