China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
Analysts say it is a case of over-promise and under-delivery.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
The Prime Minister's Office has clarified that the total sanctioned strength of the PMO has been around 525 in the period 2011-14. As against this, the actual strength of the PMO in the years 2011, 2012 and 2013 was in the range of 407 to 411. The number has now declined to 385.
In an online chat with readers, overseas consultant NNS Chandra offers career advice.
Sofia Ashraf's video 'Kodaikanal Won't,' slamming Hindustan Unilever for alleged 'mercury poisoning,' has gone viral with over 25,000 online petitioners demanding that the multinational clean up the mess as well as compensate those who worked at its thermometer factory in Kodaikanal.
New book claims Amar Singh gave between 20 and 100 per cent of his entire net worth to the Clinton Foundation.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Here's your weekly digest of the craziest and funniest stories from around the world.
A delayed monsoon and abundant cotton in the international market could spell trouble in the state's suicide zone.
On an average, around 45 per cent of domain name registrations in India get converted into a live website.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
India had its own battle over gauges.
'When I give advice to my Indian relatives they are shocked.' 'I tell them to eat butter again and eggs and all that stuff.' And eat only so much rice.' 'Instead of having three chapattis, have one.' A must-read interview!
As India strives to make its Act East Policy a comprehensive politico-diplomatic and economic success, Brunei gains more salience, says Dr Rahul Mishra.
The Indian Army rejected DRDO's INSAS assault rifle in 2010 due to its all-round inefficiency. Now the army is being forced to accept DRDO's Excalibur rifle, which is basically an ungraded variant of the INSAS, to make up for a severe shortage of small arms.
'The current impasse might be an occasion for Jayalalithaa's legal team to mull over what could have gone wrong with their strategy -- and where they could and should proceed from here,' says N Sathiya Moorthy.
'A lot will depend on the first Aayog and the power it derives.'
'India and China have to make concrete progress with regard to the border issue, addressing the trade deficit, and facilitating people-to-people interactions. This has to happen in the next two, three years.' China expert Tansen Sen tells Sheela Bhatt/Rediff.com how India and China can take their relations to the next level.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
The decision to introduce vastu shastra as a part of the architecture curriculum at IIT-Kharagpur has polarised architects in the country. Nikita Puri reports.
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
Special Economic Zones are likely to be central to realising Prime Minister Narendra Modi's ambitious Make in India agenda.
Urban Indians are developing a taste for freshly brewed and bottled craft beer.
Apple is loathe to use customer data to deliver targeted advertising.
'The army has stopped short of exerting the sort of influence it may have done historically.' 'It is comfortable with its relations with the civilian government as the superior partner.'
'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
2015 is set for a lot of changes - and some that we would like to happen
Ritu Jha/Rediff.com reports from California on the largest TieCon ever.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
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