'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
Whistle-blower officer Ashok Khemka has been shunted again, in breach of rules by BJP government in Haryana. All actions of the previous Congress govt against him still stand even as the Narendra Modi government has chosen to keep away.
Though growth in China is unlikely to slow down soon, India should prepare to take advantage of a shifting of gears there.
'Given that 95 per cent of rapes are committed by adults and only 5 per cent by juveniles, these 95 per cent of rapes will continue to take place, so what women's safety are we talking about?'
'Students tell me their parents are fine with them either joining a start up or even starting one. This was not the case 10 years ago.'
This is the full text of Prime Minister Manmohan Singh's address to media persons ahead of his interaction with them in New Delhi on Friday
The more competent junior or the outsider with experience in the field should get the higher post.
The founder of the Republican Hindu Coalition first attracted attention in the US as the "Punjabi tycoon" who was a huge supporter of Narendra Modi in the US. 'He will be best for India. There is no better ally for the US than India in the region,' Shalabh Kumar tells Rediff.com's Vaihayasi Pande Daniel.
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
Railways must pull back its share of freight traffic.
If Modi and Shah did not project Adityanath as CM, it was out of expediency, says Radhika Ramaseshan.
White House said Trump strongly believed that protecting environment and 'promoting our economy are not mutually exclusive goals'.
'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
The Election Commission has taken action against Narendra Modi for flashing the Bharatiya Janata Party symbol while addressing a presser after he cast his vote in Ahmedabad on Wednesday.
The Indian Army and more recently the Indian Navy have already set up dedicated intelligence branches. It is surprising indeed that the IAF, where real time and timely intelligence is most vital for effective and safe prosecution of the air war, has still not done so itself, says Group Capt (retd) P I Muralidharan.
Even Delhi does not have a full-time registrar of chits.
Shaken by Justice RM Lodha committee's recommended reforms of its governance structure, the Board of Control for Cricket in India has decided to call a Special General Meeting (SGM) within the next two weeks to discuss the implications of the report.
'Both reflect prejudice and short-sightedness peculiar to Mr Modi's way of thinking.'
AAP candidates from Mumbai, Medha Patkar and Meera Sanyal, are poised to play a crucial and complementary role. While Patkar gives voice to the suffering of people at the grassroots, Sanyal is articulating the key principles that could build a more just and equitable society or economy, says Rajni Bakshi.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
'Decisions on nuclear power have so far been taken by a small select group, primarily interested in profiteering from their actions, stating 'secrecy' as necessary from the national security point.' 'This argument is false, because we are dealing with the 'civilian' nuclear power sector, which is open even to the IAEA,' says Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
As education minister Smriti Irani should be worried about the state of education nationwide rather than fuelling a German-versus-Sanskrit row, says Sunil Sethi
Modi government has to come up with a robust economic agenda to impress the masses.
Iconic rights activist Irom Sharmila on the highs and lows of her long fast, why she gave it up and her plans.
A large number of rich farmers, who earn more than salaried employees in the cities, get away with paying no tax at all in view of the government's lack of will to consider an agricultural income tax
'Those who have seen the functioning of the Modi government in Gujarat know that the issues related to Hindutva and issues of economy and growth function simultaneously.' 'Modi's politics are based on the understanding of the middle-class consumer society which is in pursuit of material aspirations.' Sheela Bhatt/Rediff.com reveals the Modi government's economic and political plans for the year ahead.
'History will never forgive Manmohan Singh for having ended the Indian growth story and created a culture of entitlement instead of creating a culture of hard work and development,' says Colonel Anil A Athale (retd).
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
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.
'If you are so blinded by the Buy American, Hire American policy, if you are not going to be fair, consistent and welcoming, in the end America will lose out.'
Reddy has worked to reform the economy.
A basic problem is that the cost of spectrum and licences relative to earnings is too high.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
The military knows very little about the world of journalism and has no plan in place to learn more, says Ajai Shukla
Here's the full text of Prime Minister Narendra Modi's address to the United States Congress.
'There is simply no evidence of any new or clear policy direction in internal security, and mounting evidence of policy incoherence.' 'Worse, the promise of giving the common man -- and, more importantly, woman -- a greater sense of security has been utterly belied. Indeed, with an escalation of communal posturing and rhetoric, there is a broader sense of uncertainty,' says Ajai Sahni.
'The darkest days of Indian democracy were (during) the Emergency when basic democratic rights were suspended. For a time it seemed as though India would move along the East Asian model -- everybody works hard, nobody asks questions, certainly not of the government.' 'There are people who say we are headed that way, but I am not persuaded by the evidence,' says Mahesh Rangarajan who recently resigned as director of the Nehru Memorial Museum and Library in New Delhi.
'Hindu voters in coastal Karnataka lean more towards Hindutva than Hinduism which explains why the Siddaramaiah government's perception as anti-Hindu worked wonders for the BJP in coastal Karnataka.'
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