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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
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The toxic brew of fiscal populism, crony capitalism and bad economic management has ensured the collapse of economic growth, industrial stagnation, stubbornly high consumer inflation, declining savings and investment, shrinking employment opportunities, and a dangerously vulnerable external financing situation.
The second part of our series on Prime Minister Narendra Modi's ministers with a criminal record.
Almost everyone in Gorakhpur has a story about an Adityanath intervention that helped push through a piece of work that would've been otherwise impossible.
'There is no change in the overall story of economic recovery.'
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
The central government has drafted a law to restrict wombs for hire, and there is much to be said on all sides.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
In Muthuvel Karunanidhi's passing, Tamil Nadu has lost the last of its Titans.
Only three percent of Indians pay income tax; our tax-GDP ratio is among the lowest in the world. This must change. Our elites must realise that India's poverty has damaging consequences for them, and that they can help decrease it. The food security bill, with all its limitations, will hopefully contribute to generating such awareness, says Praful Bidwai.
Pushback to Modi govt's policy pronouncements has already started, it now has a very small window of opportunity to bring in reforms.
While it will most certainly impact his personal credit record, it will also have repercussions for his other businesses and companies he is associated with.
The event was attended by senior Congress leaders such as former prime minister Manmohan Singh
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
Global working conditions have worsened in 2014.
Harassment, corruption and the burden of compound interest for years are also the reasons.
The Cabinet on Thursday decided to allow Reliance Industries to almost double the price of natural gas from April provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
As Prime Minister Narendra Modi is set to deliver his third Independence Day speech on August 15, he is inviting ideas from citizens on issues he should speak on
Narendra Rawat, an 'arrest-happy' Congress leader, is expected to launch a fair amount of political tamasha against his rival, Narendra Modi, in Vadodara.
In the first part of an exclusive interview with Sheela Bhatt/Rediff.com on the eve of the first year of the Narendra Modi-led NDA government, BJP President Amit Shah talks about the government's achievements and the controversy over the land ordinance.
BJP President Amit Shah -- arguably the second most powerful politician in the nation -- granted a rare television interview to the Network 18 group of news channels. Rediff.com's Rajesh Alva checks out what the BJP boss said in this word cloud assessment of the interview.
Transport Minister Nitin Gadkari puts them out of the ambit of Motor Vehicles Act; experts say some regulation, licensing and driver training will be necessary
65,000 Sri Lankan Tamil refugees still live in Tamil Nadu. Rediff.com's A Ganesh Nadar discovers the challenges for the refugees to return home.
Who are the men the prime minister relies on to execute his impressive agenda?
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
