Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
No business delegation has been cleared yet for Prime Minister Narendra Modi 's visit to America from Friday.
The transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories.
'We get an overzealous army of tax inspectors pushing the economy too hard,' says Ajay Shah.
Here are some day's snippets of the upcoming Lok Sabha elections:
He said RSS men were planted in each ministry.
Cutting across party lines, political leaders welcomed the government's decision to confer Bharat Ratna, the nation's highest civilian honour, on former Prime Minister Atal Bihari Vajpayee and freedom fighter Madan Mohan Malviya.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
In a marathon address to the nation from the ramparts of the Red Fort, Prime Minister Narendra Modi on Saturday underlined India's unity and diversity and the progress of his 15-month-old government's policies.
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
The Coal Regulatory Authority Bill, 2013, needs Parliamentary approval and is to be introduced in the next session, P Chidambaram told reporters.
Finance minister Arun Jaitley had recently sent a delegation to Switzerland and the members had returned with some positive movement.
The Budget may see new rural schemes and stepping up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
There are many life lessons to be learnt from the way Sharad Pawar handled the Maharashtra political crisis.
Instead of mechanically consolidating all labour laws into one, provisions of all labour laws should be relooked in terms of their substance. The irrelevant and archaic provisions have to be fixed, says Aparajita Gupta.
Volkswagen mess costs Germany its strongest nation brand position.
Modi accuses Congress of spreading 'lies, confusion and pessimism'
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
We salute the late thespian in this compilation of his ten essentials movies that highlight his range and stature as an actor par excellence.
As Modi completes a year in office, his cuts in federal welfare spending on the poorest of India's 1.25 bn people are coming in for sharp criticism.
Of the 294 candidates declared with serious criminal cases, 76 were from the TMC, 52 from the BJP, 47 from the CPI-M and 31 from the Congress.
Drabu said the GST regime will roll out in the state at midnight on Friday, making Jammu and Kashmir the last state to join the new tax regime.
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
'The appointment of judges must not be under the control of the government,' says Prashant Bhushan.
There are around 120 regional war memorials built by various formations of the Army across the country and the government was considering a proposal to construct a national war memorial in the country's capital.
There are justifiable concerns that, if all financial allocation powers are now shifted to the finance ministry, then the end of the Commission might be counter-productive -- states' needs could, in fact, be addressed less.
Shifting to a PPP model could repeat the errors of the past
While its widely being publicised that Environment Minister Jayanthi Natarajan resigned from the council of ministers to work for the Congress party ahead of the crucial Lok Sabha polls, political observers point out that 'growing unhappiness' over her performance during her ministership could have possibly led to the move. Renu Mittal reports.
Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.
He noted that the Rupee has firmed recently but cautioned that the currency should not lose its competitiveness in global trade.
Some also demanded empowering of local bodies.
India owes Iran around $8.8 billion primarily on account of crude oil imports.
Blockchain's promise: Dramatically speeding up transactions, explains Ajit Balakrishnan.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
Ruling National Conference members of legislative assembly on Monday moved a privilege motion in Jammu and Kashmir assembly against former army chief V K Singh for making allegations that money was paid to politicians in the state for getting certain jobs done.
Following the Budget being announced by Finance Minister Arun Jaitley, leaders across the political spectrum provided their views.
Sharif raises Kashmir issue at UNGA, renews plebiscite demand.
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
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