Finance Minister P Chidambaram on Tuesday asked chief ministers to carry forward pension reform as the liabilities of both the Centre and states was expected to cross a staggering Rs 100,000 crore
A day after being sworn-in, the new ministers took charge of their portfolios. Here's a look at the various new ministers on their first day at work.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
The soul searching on Bihar loss, backlash from party seniors are something the PM has to dwell deep upon.
The bills were passed by voice vote.
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
A four-member panel of secretaries is likely to submit its report on a new gas pricing mechanism to the government by Wednesday.
The Congress MP said that national security in our country is not going to get compromised by few people shouting slogans.
The alliance will resume its boycott of Parliament indefinitely from Tuesday protesting against the United Progressive Alliance government's 'hostile and vindictive' attitude.
Rahul is going about the restructuring of the Congress leadership in a gradual, deliberate fashion: No sudden jerks, no abrupt moves. So while seniors like Janardan Dwivedi were edged out, Ahmed Patel has been retained.
The Union minister said it is "not fair" on Congress's part to set conditions for the passage of the GST bill and if the said clauses were so crucial, the UPA could have brought these in the original bill when it was in power.
Hazem el-Beblawi, a liberal economist and Egypt's former finance minister, was on Tuesday appointed as the country's new prime minister in a transitional government as the interim president unveiled a roadmap for fresh polls by early next year to end the raging political crisis.
Bowing to the pressure of Left parties, the government on Wednesday referred the Pension Fund Regulatory and Development Authority Bill to Parliamentary Standing Committee on Finance.
Energy Minister Panagiotis Lafazanis and Deputy Labour Minister Dimitris Stratoulis also voted against the package.
Finance Minister P Chidambaram on Thursday indicated that the government would not issue oil bonds worth over Rs 10,000-12,000 crore (Rs 100 to 120 billion) to petroleum companies before November, as the move required Parliamentary approval.
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."
The government on Tuesday said it would carefully consider proposals of a parliamentary standing committee to allow FDI in pension sector on the pattern of the insurance sector.
A Parliamentary panel that went into a Bill to create a pension fund regulator has favoured 26 per cent FDI in the sector, but found many lacunae in the legislation.
However, the Trump administration has left it for the State Department to take a final call on the issue.
Members of Parliament on Sunday bid adieu to outgoing President Pranab Mukherjee.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
No matter how much the likes of Modi brag about cleaning up politics, the goondas and the godfathers will flourish until India can deliver justice to its poor and the system can work to the benefit of ordinary Indians, says Vir Sanghvi.
Speaking at the all-party meeting called by the government, Modi said, "People have great expectations and that is why Parliament should function and be productive."
His remark comes hours after the government disclosed before the Supreme Court eight more names, including that of Pradip Burman, one of Dabur India promoters, a bullion trader and a Goa miner against whom it has started prosecution for allegedly stashing black money in foreign banks.
Hasina, the president of the Awami League, won the 11th parliamentary elections with a landslide victory even as the Opposition rejected the "farcical" polls marred by violence that claimed 17 lives, making it one of the deadliest polls in the country's history.
The Bharatiya Janata Party on Thursday moved several amendments to the Finance Bill in the Lok Sabha, including raising the Income Tax exemption limit for senior citizens to Rs 2.5 lakhs and hiking Provident Fund interest rates to 9.5 per cent.
In a major reach-out to the main Opposition, the prime minister invited Gandhi and Singh over tea at his Race Course Road residence around 7 pm.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
On the proposed Grand Alliance of the Congress and other parties in the state, Shah said the Telugu people had not forgotten how the Congress had treated their leaders like former (undivided) Andhra Pradesh chief minister Anjaiah and former prime minister P V Narasimha Rao.
Amid a stalemate between the government and the Opposition over the issue, the House failed to transact any significant business and was adjourned for the day.
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