The reshuffle is likely to take place after the ongoing Budget session ends on April 12, reports Archis Mohan.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
During the Congress regime, India did witnessa slew of reforms which are now taken up by the Modi government too.
Deadlock in Rajya Sabha continued for the fourth day on Thursday as opposition kept demanding a reply by Prime Minister Narendra Modi on a debate on religious conversions, which the government steadfastly rejected.
It is a 'Make in India' lounge here at Davos for this year's WEF annual summit, in place of the famous 'India Adda' that has been frequented by Indian and other leaders to savour desi delicacies and do some networking.
Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.
Prime Minister Narendra Modi on Saturday arrived in Dhaka to a red carpet welcome on his maiden visit which is expected to put ties with Bangladesh in a new trajectory, as the two sides will firm up a number of pacts to boost cooperation besides ratifying the long-pending Land Boundary Agreement.
To mobilise private capital in the clean energy sector, the US has agreed to place a field investment officer in India apart from hosting a series of events to overcome strategic barriers in accelerating institutional and private financing.
The leaked list contains the name of Union minister Jayant Sinha, who responded by saying that the transactions were not done for any 'personal purpose'.
The government was close to imposing presumptive tax and the goods and services tax on the gems and jewellery sector
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
Had India agreed to join the trade pact, Indian markets would have been flooded with cheap Chinese products.
The country has a long way to go before it claims to have arrived, he said.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Industry associations Ficci and CII have been termed liable for service tax. Ficci has approached government for exemption from the levy.
The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.
.jpg)
Traders were up in arms, fearing huge job loss if Walmart was to enter.
'Appellants may not lap up the scheme because, first, to do so would amount to admission of guilt, and second, they may have smelled victory before higher appellate forums,' notes S Murlidharan.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
'With his envious academic record, extraordinary research calibre and unparalleled work experience, we can trust him to become the first Indian -- fully Indian, not one of those Americans of Indian origin -- to win the Nobel Prize in Economics,' says Sudhir Bisht.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
One of India's leading industry bodies - the Associated Chambers of Commerce and Industry - on Friday urged the government to bring sugar, textiles and tobacco products under value added tax.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
Finance Minister P Chidambaram has so far given three packages to exporters aggregating Rs 5,200 crore (Rs 52 billion) as the $160 billion export target for 2007-08 appears difficult to meet. He has expressed hope that exports target would be met. Palanimanickam said government was already providing 100 per cent tax benefits on profit on exports apart from indirect tax incentives.
The US and India likely to sign a high quality bilateral investment treaty to create an enabling business environment.
If one were to go by the degree of clout, Jaitley was the undoubted No. 2 in the Modi government.
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
'I suggest Rahul Bajaj come out in the open and give us his own white paper on the perceived sense of fear that he thinks haunts corporate India,' says Dr Sudhir Bisht.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances