Eminent jurist Ram Jethmalani on Sunday asserted that Indian Parliament "is not sovereign" for its decisions can be challenged in court, as he hit out at Finance Minister Arun Jaitley for criticising the Supreme Court verdict to scrap NJAC Act on appointment of higher judiciary.
"Everybody in this country has the responsibility to implement the law which has been passed in Parliament,", the minister, who was in Chennai as part of the BJP's nationwide 'Jan Jagran Abhiyan' campaign in support of the Act, said.
On the Sensex chart, IndusInd Bank was the top gainer, rallying over 11 per cent, followed by ICICI Bank, SBI, HDFC, M&M and Axis Bank. On the other hand, Dr Reddy's, Tech Mahindra and TCS were among the laggards.
The Budget is disappointing because it refuses to fundamentally repudiate fiscal populism.
DoT has also announced that it will conduct third round of auction but dates and other final details have not been released yet.
Behind the GBS figures, to be revealed in the Budget next week -- lies a fierce tug of war between Finance Minister P Chidambaram and Planning Commission Deputy Chairman Montek Singh Ahluwalia in which Prime Minister Manmohan Singh eventually threw his weight behind the finance minister.
In the first phase, most of the outdated regulations in the state and central Acts will be removed. Further, compliances with regard to annual inspections, licence renewal, and storage of multiple data will be eased.
To meet the financing requirements of the infrastructural deficit, many more institutions are required to share this responsibility, Chidambaram said on Tuesday, while launching operations of India's first Infrastructure Debt Fund under the NBFC Structure by handing over the First IDF -- NBFC License to the Promoters of India Infra Debt Limited -- ICICI Bank, Bank of Baroda, Citibank and Life Insurance of Corporation.
Afghanistan witnessed a series of terror attacks in the last few weeks as the US aimed to complete the withdrawal of its forces from Afghanistan by August-end, ending a nearly two-decade of its military presence in the war-ravaged country.
Post demonetisation, there has been a hike in collection of personal income tax
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Says high inflation has to be reversed to achieve sustainable GDP expansion.
'They are also sitting on huge public sector assets without many returns.'
Frosty Indo-Pak relations after the beheading of Indian soldiers by Pakistani troops were on full display in Yokohama, Japan.
Before Budget, departments see outlays shaved.
Dissenting states including Chhattisgarh and Kerala, have made it clear they are in no mood to relent. They want the Centre to borrow the entire Rs 2.35 trillion this fiscal citing bleak fiscal position.
