As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
The government has become used to accounting for TDS as its income even though it knows a significant portion needs to be returned as refund
Will Indian democracy benefit from the potential that Shashi Tharoor stores in his mind, spirit and intellect? Or will it be the saga of another leader who promised much but delivered too little, asks Dr Sudhir Bisht.
Google is going ahead with a policy revision mandating 30% charge on in-app purchases across all apps on Play Store. This has left developers' community worried about tighter squeeze on their earnings, says Yuvraj Malik.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Dipa Karmakar says the roads in Agartala are too narrow for a BMW and also the city does not have a single BMW showroom or service centre.
Action has been taken according to a memorandum that requires 'periodic review of performance of government servants'.
'RCEP may be in India's long-term interest, but it is certainly not in India's short-term and medium-term interest.'
The major reason for the policy confusion over e-vehicles is the lack of conviction within government about the utility of this disruptive technology and its role in India's larger Paris Agreement climate change commitments.
From PhonePe to Jio, everyone wants to be a Super App but it is still unclear if they will actually work in India.
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
Most investment costs are bundled in with the financial product, and are often hidden in fine print, warns Erik Hon.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
While chits and the formal financial sector are not 'largely substitutable', users like the commitment to savings that these enforce and the flexibility in borrowing, reports N Sundaresha Subramanian from New Delhi.
A data plan currently priced at Rs 100 should not cost more than Rs 34, if India has to make the Internet affordable for 80 per cent of its population.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Instead of failing young Indians, the government should now focus laser-like on education, skilling, healthcare, and the environment, says Mihir S Sharma.
The Reserve Bank on Friday projected retail inflation to be in 5-5.2 per cent range during the first half of the next fiscal year, expecting further softening of vegetables prices in near term. Also, it has lowered the retail inflation forecast for the current January-March quarter of 2020-21 fiscal at 5.2 per cent. The Reserve Bank (RBI) has kept the key policy rate unchanged at 4 per cent, with an accommodative stance, so as to ensure that inflation remains well within the target, Governor Shaktikanta Das said while announcing the last monetary policy of 2020-21.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
Also looks at setting up development and training centres in the US to tide over visa-related issues
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
"Japan currently accounts for 5 per cent of our revenues but we see this touching 9 per cent in the next three years. Business from Japan grew almost 35 per cent last year and we expect healthy growth from this region," said Deepak Khosla, senior vice-president and head, Asia-Pacific. Patni company has been in Japan for over 10 years but, in the past two years, the momentum of deals has increased considerably.
The Supreme Court on Monday refused to entertain a Public Interest Litigation challenging the appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India.
'I was shocked by the kidnapping episode. I could have lost my life.'
An ambitious long-term vision to ensure economic connectivity between India and the rest of Southern Asia is critical to India's trade policy objectives.
"The 21st century peacekeeping must be anchored in a strong ecosystem of technology and innovation that can facilitate UN peacekeeping operations in implementing their mandates in complex environments," India's external affairs minister S Jaishankar said
December 3, 2021 marks 50 years since the beginning of the 1971 War which ended in a decisive military victory for India and the liberation of Bangladesh. Most analysts of the 1971 War agree that the IV Corps dash across the mighty Meghna river led by the brilliant General Sagat Singh was the turning point in the war, recalls military historian Colonel Anil A Athale (retd).
A minimum levy of 12 per cent GST on tea will increase the cost, which will ultimately be passed on to consumers.
Making it easier to do business is a key element of our strategy, says Foreign Secretary S Jaishankar.
Indian Railways (IR) will transfer existing assets at nominal values, invite bids and grant concessions for 10-15 years.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
Some private banks offer easier platform to transfer money abroad, like ICICI's Money2World.
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances.
The RSS chief's comment that if war broke out, the military would not be ready for at least six to seven months is correct as it faces a shortfall in training and alertness and an even greater lack of funds for defence preparedness, notes Ajai Shukla.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Led by falling cost of handsets and increased data consumption, new mobile subscriptions have grown the fastest in India with 18 million net additions in the third quarter of 2014, telecom gear maker Ericsson said on Tuesday.
Indian IT-BPM industry raked in revenues of $119 bn in 2014-15.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances