Trade between India and Indonesia stands at $20 billion.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
'In the final analysis, all Budgets everywhere are like the schemes hatched by A A Milne's lovable Winnie-the-Pooh.' 'They may be well-intended, but often go awry.' 'Although Pooh and his friends agree that he 'has very little brain', he is occasionally acknowledged to have a clever idea, usually driven by common sense.' 'This Budget at a first glance does not appear to belong to that latter category,' says economist Shreekant Sambrani.
Here's your weekly digest of the craziest and funniest stories from around the world
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
Modi government has to come up with a robust economic agenda to impress the masses.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Two brothers are determined to preserve Delhi's struggling population of carnivorous birds
At present there is virtually no dialog between votaries of different various versions of economic democracy.
Brijesh Kumar Saroj, the son of a poor weaver, overcame every hardship, to make it to IIT-Bombay. When he cleared the IIT entrance exam, villagers threw stones at his home because he is Dalit. This has only hardened his resolve to 'make it in life'.
The prime minister, says Ram Kelkar, could do a lot to advance his stature as a national leader by speaking in strong and unequivocal terms on the subject of opposing intolerance and emphasizing the rule of law, thereby setting the tone for the nation and the party.
Battling on Rahul Gandhi's behalf, Priyanka Gandhi took on Narendra Modi over his shehzada, namuna and other barbs at her brother on Tuesday, saying the Bharatiya Janata Party leader is aspiring to be prime minister but indulging in childish behaviour and that he should maintain decorum.
Just by making a few simple changes in your diet and lifestyle you can reverse diabetes and avoid the many problems that come with being diabetic.
New Delhi bureaucrats, accustomed to leisurely lunches, golf in the afternoon and long weekends, have been shaken out of their somnolence, say authors. Fear and suspicion hang heavy over the red-sands.
Amitabh Bachchan talks about Te3n, Aaradhya and actors he would love to work with!
'They must bow their head before the people's might and start their work immediately. Now nothing can help them, but a show of sincerity and a life without cosmetic frills.' 'They don't have any option, but to succeed and prove themselves worthy of this massive victory,' says BJP MP Tarun Vijay.
The ripping off the lid, that Mekhail did, on the chain of episodes that lead up to his sister's murder, while condemning Indrani for her actions, for the first time, paradoxically, allowed a more human -- if flawed and complicated -- picture to emerge of Indrani, allegedly The Woman Who Killed Her Own Daughter and shocked a nation.
'...and then react.' 'There are two options before him if the alliance breaks.' 'He either teams up with the BJP or goes for a fresh election.' 'My impression is that he will avoid a fresh election.'
Agri experts are meeting FinMin ministry officials on Monday to give their inputs on the Budget.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
Opposition party is unlikely to block Bills for GST, insurance and e-auction of coal mines.
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
'We have the political will to take this to the very end.' 'But what eventually happens depends on the effectiveness, honesty and missionary zeal of the officialdom in the frontline of the battle against corruption,' says S Muralidharan.
There are conflicting signs on India's investment cycle.
Computer whiz Jefferson Prince, who has built a 70-employee gaming company from scratch, tells S Saraswathi about motivations and challenges of entrepreneurship.
Sanjeev Nayyar travels across India from Barmer to Arunachal to Mahabalipuram, and comes back humbled and impressed with the women he interacted with through his journey.
This does not mean isolating parochialism but of new way of thinking about economic systems, says Rajni Bakshi.
Ishita is helping the local community in Spiti lead better lives and build a sustainable environment.
It is a dark legacy bequeathed by Nehru to India. In its DNA lies the subconscious fount of India's schizophrenic geopolitics that forsook in one sweep all its historically-entrenched strategic interests in Tibet in favour of China, says R N Ravi, on the 60th anniversary of the Panchsheel Agreement.
'Most of those involved in these honour killings are the people who belong to the class that feels left out.' 'The high development index in a way is perpetuating conditions that result in social tension.' 'The only solution to the problem is politicise inter-caste marriages.'
Cash-and-carry stores try tricks, from playing Bollywood music to customising orders, to retain customers.
'I have tutored my family and myself to fight hunger,' the former agent for the disgraced Saradha chit fund says, his eyes welling up. 96 of the 107 cases referred to the Serious Fraud Investigation Office are based in Bengal!
Transcript of the political resolution adopted by the Bharatiya Janata Party in its national executive meeting in Panaji, Goa on Sunday.
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
Chief Economic Advisor Arvind Subramanian's interview.
Orissa learnt its lessons from previous cyclones, particularly the 1999 super cyclone, whereas Uttarakhand has failed to do so from any of the previous natural calamities that hit the state, says Dinesh C Sharma.
Born and abandoned in Mumbai, reborn in Sweden, Erika Sandberg says she is Indian on the outside but feels Swedish on the inside. Vaihayasi Pande Daniel narrates her tale.
Anup Raaj, 23, describes how Super 30, a free IIT-JEE coaching institute located in Patna, Bihar, changed his life.
'A change of government will bring about a lot of changes because everything is frozen for the last two years. So, the frozen energies of India will be released.' Swadeshi Jagran Manch convenor Swaminathan Gurumurthy discusses the Modi phenomenon with Shobha Warrier/Rediff.com
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