Seeking to dispel the perception of gloom and pessimism, Finance Minister P Chidambaram on asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.
With Narayan Rane, the BJP looks to expand its footprint in Mumbai and Konkan. But a perceived self-goal by him may have galvanised the restive Shiv Sena cadre and voters to coalesce around their party. Dhaval Kulkarni reports
The DMK feels its genuine gestures have had no bearing on the governor's politico-administrative conduct, which is 'more political and politicised than administrative and Constitutional', observes N Sathiya Moorthy.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
The finance minister said he said, "The judgement has upheld the primacy of one basic structure -- independence of judiciary -- but diminished five other basic structures of the Constitution, namely, Parliamentary democracy, an elected government, the Council of Ministers, an elected prime minister and the elected leader of the opposition."
'You cannot treat workers like beggars.'
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
'Well done, Mr Jaitley, now go and implement your schemes. No leakages, no lapses and no laziness.'
The GST bill is stuck in the Rajya Sabha where the ruling NDA govt does not have a majority as well as stiff opposition by the Congress
With these three recipients, 48 eminent people have been conferred the award so far.
It hopes to attract billions of dollars in investment by this move, and may ease some restrictions on foreign inflows.
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
The newly-announced cabinet is expected to take oath on Monday at the President's House.
The finance minister chided the central bank on Tuesday over its focus on fighting inflation, saying the Reserve Bank of India (RBI) also needed to abide by the government policy to promote economic growth.
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
'In both cases, there is a sneering disregard for the established processes of law while dealing with what the American president and the junior Indian minister regard as unpardonable behaviour,' notes Amulya Ganguli.
They will fawn over a prize catch who has brought a rich dowry of Gwalior-Chambal politicians. But in the end, all BJP members are prajas of Amit Shah and Narendra Modi, notes Sunanda K Datta-Ray.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
Seeking to enhance strategic cooperation and help Afghanistan deal with key challenges of security and stability, External Affairs Minister Sushma Swaraj arrived on Wednesday on a crucial visit as the trouble-torn country approaches the first democratic transition of power after fall of the Taliban in 2001.
Jayant Chaudhary has plenty of time to make his own mistakes. But this election is a crucial test of his leadership.
Lee Hsien Loong's splendid victory in Singapore could be India's gain.
Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
The BJP's victory in the desert state was so absolute that the Congress failed to open its electoral account in 17 of Rajasthan's 33 districts! P B Chandra reports.
Tightening its grip over illegal import of Chinese crackers which are reportedly flooding the Indian market, the Centre has issued a public notification warning importers and public of the legal consequences they would face if involved with it.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
The Tata empire turns 150 this year. R Gopalakrishnan, former director, Tata Sons Ltd, imagines a conversation among the group's founder Jamsetji, his son Dorabji, his successor, Nowroji Saklatwala, and his successor, J R D Tata.
If the government cuts wasteful expenditure as it is trying now, the deficit would at most fall to 8 per cent, not less than that.
The lively lot of politicians at the helm of India's most important political province.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
Independent directors were supposed to safeguard the interest of all stakeholders.
Prime Minister Narendra Modi announced the financial inclusion scheme in his first Independence Day speech last year.
The farming community expects much more substance from the government, Ajay Vir Jakhar.
Rediff.com gives you a look at newbies in the Council of Ministers
As polling begins on Friday for the remaining 25 Rajya Sabha seats in six states, here's a list of some of the bigwigs who are seeking to be elected to the Upper House of Parliament.
Even in this darkest hour of a crumbling economy and raging disease, there is hardly a murmur of protest against the government, observes Sumit Bhattacharya.
Inflation targeting has worked well and the government must stay with it, and the framework is going to work well in the period ahead also, former RBI Governor D Subbarao said on Thursday. He also said low inflation contributes to sustainable growth. Addressing the 'Times Network India Economic Conclave' virtually, Subbarao said the government's proposal to privatise some public sector units is not akin to selling family silver but it is a route for putting India on a sustainable growth path.
Communist Party of India-Marxist Politburo Member Sitaram Yechury has stated that Finance Minister P Chidambaram's recent visit to the United States to lure American companies to invest in India will not solve the country's problems.
The LJP will also be given a Rajya Sabha berth and Paswan is likely to be its candidate.
Mayawati was outmanoeuvred by the BJP in the race for the Rajya Sabha in Uttar Pradesh just days after she helped the Samajwadi Party snatch two Lok Sbaha seats from the saffron party in bypolls.
The Goods and Services Tax Bill was passed by the Lok Sabha in May.
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