Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
'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.
After getting Indian Oil Corporation, the nation's largest oil firm, to drop four independent directors and Engineers India Ltd to boot out two, it is now seeking to sack former Power Secretary P Uma Shankar, chartered accountant S Ravi and former BPCL Chairman R K Singh from the board of ONGC.
In a few years from now, India will be looking at an entirely different type of military adversary across the borders, in our waters, in the air, in space and in our communication networks, says Nitin Pai.
The final and most significant reset in the relations between the government and the RBI is the manner in which the process of appointing the governor and deputy governors of the central bank has been changed.
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
Greece's Football Federation (EPO) could be suspended from international football over government interference should a proposed new sports law be voted in, FIFA and UEFA have warned.
The Delhi and District Cricket Association on Wednesday refused to implement the Justice Lodha Committee's recommendations which could have direct ramifications on the functioning of BCCI's state units. The managing committee of DDCA met here to review and deliberate on various observations of the Lodha Committee, and was not quite convinced about most of the major recommendations calling for sweeping reforms in the BCCI's governing structure. The DDCA is not on the same page with Lodha panel on major issues like elections and terms of office bearers, DDCA office bearers simultaneously holding a post in BCCI, proxy voting and conflict of interest among others. On the issue of one person holding one post, the DDCA, in a statement signed by vice-presidents Chetan Chauhan and CK Khanna, said: "We the managing committee of DDCA feel that it is the freedom of concerned state associations, to decide (whether) the appointment of office bearers would affect/restrict administrative function of DDCA or not. "So long members of the executive committee (directors) do not feel that the functioning of DDCA is being jeopardized, there cannot be any justified reason in imposing this clause." The controversial cricket body is in favour of continuation of proxy voting.
Group of ministers to review progress every fortnight.
The UN decision came after India provided detailed evidence about Saeed's activities.
Indian IT workers accounted for nearly 90 per cent of visas issued under the intra-company transfer route
There is nothing wrong with government and RBI having conflicting opinions.
Govt bosses in no hurry to exit from PSUs; many agencies, long process likely hurdles.
Exchanges have twin roles: commercial and regulatory.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
Swiss authorities have again searched the Zurich headquarters of FIFA and seized documents and electronic data in its corruption probe surrounding the global soccer body, the Swiss attorney general's office said on Friday.
'It's still very early. I have just been handed over the matter and therefore I haven't formed any views on it as yet,' Justice B N Srikrishna tells Pavan Lall.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
'Experience of administration may make a member of civil service a good administrator but not necessarily an able and impartial adjudicator,' observes the Supreme Court.
The second part of BJP president Amit Shah's interview to Sheela Bhatt/Rediff.com, to mark the completion of one year of the Narendra Modi government.
'If anyone crimps on the media, it automatically begins to impact the freedom of the citizen.'
Most economists were of the view that the NSSO should release the data, as any move to withhold it will dent the image of country's statistical system.
First, the Insolvency and Bankruptcy Code, much-lauded as a game changer, needs serious reform. Second, some vital policy choices would need to be made as far as competition law is concerned., says Somasekhar Sundaresan.
A member of the financial watchdog committee at soccer's ruling body FIFA has been charged with fraud, money-laundering and breach of trust by police in the Cayman Islands.
'Even if there is a third wave or a fourth wave, it is hard to see the economy will suffer like that (during the first wave).'
The RBI working group's proposal to allow corporate houses to set up banks is a "bombshell" and at this juncture, it is more important to stick to the tried and tested limits on involvement of business houses in the banking sector, according to an article jointly written by former RBI Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya. They also said that the proposal is "best left on the shelf".
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
Brigadier Gurmeet Kanwal (retd) lists why India must not do away with AFSPA, but ensure enough transparency to avoid confrontation with human rights.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
Etihad to have 2 directors even if it dilutes stake to 15%
While household toilets are only one part of the large challenge for the government, having liquid and solid waste management facilities, along with water delivery across the entire country, is a trickier one.
The approvals would be handled independently by administrative ministries of different sectors.
'The government has to take effective steps to strengthen democracy, rule of law, maintain communal harmony and safeguard the security of the country and its people.' 'The government has to carry all sections of the people with it irrespective of their race, caste, community, region or language,' and try to unite them by promoting fraternity among them,' says legendary Constitution expert P P Rao.
The AAP bagged 20 seats in Punjab while losing all seats in Goa
An inter-ministerial committee has been set up by the government to look at the possibility of declassification of all files related to death or disappearance of Netaji Subhas Chandra Bose.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
A summary of sports events and sports persons, who made news on Wednesday
Economists expect Modi to announce big-bang reforms.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
No one really knows what proportion of the nation's wealth and income are available for defence
