'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
A key beneficiary of the CCI impetus has been the petroleum sector, where investments worth $13.42 billion for exploration and production activities in 40 oil blocks were held up.
Inadequate infrastructure and lack of facilities at the All India Institute of Medical Sciences on Tuesday came under scanner of a Parliamentary panel which slammed the government for its "failure" to even provide for a state-of-the-art ambulance to transport the Delhi gang-rape victim to the airport recently.
Four years after Beijing hosted a spectacular summer Olympics, China's bustling capital sees vastly improved public transport and infrastructure, but many of the venues built for the event languish unloved, underused and draining public finances.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
The NCLAT said the RBI cannot restrict it from prohibiting banks from 'asset classfication' and observed that any change in this order would upset the entire resolution process of the IL&FS
The government is seeking private investment in agricultural sector to remove infrastructure bottlenecks by developing cold chains, warehousing and transport facilities.
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.
Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
The open offer is slated to commence on June 17 and close on June 28
Parliamentary Standing Committee on Human Resource Development headed by Satyanarayan Jatiya has slammed SAI for not roping in sportspersons even 20 years after being asked for restructuring of the "unwieldy and monolithic bureaucratic organisation
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The list, which was released by Delhi BJP chief Manoj Tiwari, also included former AAP MLA Kapil Mishra and has 11 SC and four woman candidates.
Tournament director of the Local Organising Committee, Javier Ceppi made the announcement at a press conference in Kochi after inspecting the works being carried out in the stadium and the training sites.
A historian, a retired auditor and a financial executive were among four people named by India's highest court on Monday to run the country's cricket board (BCCI).
Its 'failure not just affects the military's effectiveness but could also be politically vulnerable for the BJP,' observes Ajai Shukla.
The apex medical body, IMA demanded a comprehensive central law in dealing with violence on doctors and healthcare staff, and in hospitals.
London Olympics bronze-medallist M C Mary Kom has finally been alloted the plot of land promised to her by the Manipur government to expand her boxing academy.
'We need to confront such people else they will be encouraged to harass more women in the future,' notes HR guru Mayank Rautela.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
A PTI tally of figures announced by states and UTs, as of 9.30 pm, showed the total number of confirmed cases having risen to close to 2.1 lakh and the death toll to approximately 6,000, showing an increase of nearly 9,000 cases since Tuesday evening and at least 273 more fatalities in this time period.
The cabinet committee on infrastructure's clearance to big-ticket aviation projects, including the New Navi Mumbai airport, and plans to develop India as a civil aviation hub will help expedite the implementation of such projects, which are now caught up in challenges such as local opposition and land acquisition problems, say officials and experts.
Raghuram Rajan called for purposeful and effective action to counter the atmosphere of cynicism, which has slowed down the decision making process.
Gale-force winds, heavy rainfall and high tidal waves swept the coastal belt of Kerala, Karnataka and Goa as Cyclone Tauktae hurtled northwards towards Gujarat on Sunday, leaving four people dead in Karnataka and two in Goa, damaging hundreds of houses, uprooting electricity poles and trees and forcing evacuation.
If Nirmala Sitharaman does indeed present a 'never-before' like Budget on February 1, going by her promise, she would create a new benchmark for post-contraction Budgets, observes A K Bhattacharya.
The International Paralympic Committee (IPC) on Sunday banned all Russians from its own Games next month because of the widespread doping culture that it says has polluted sport in the country.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
Vaibhav Gehlot, son of Rajasthan Chief Minister Ashok Gehlot, was elected president of the Rajasthan Cricket Association (RCA) as his panel swept all six posts in a tension-ridden election of the state body.
"You cannot have a lockdown of people, and a lockout of the economy. That is not the way to formulate policy. We are not criticising, we are only saying it is time to rethink, we will support the government in every possible way," said Kapil Sibal.
Adani Mining is building a 300-km rail line for its about $16 billion Carmichael coal mine project in Australia.
Industry players said they were indeed seeing a serious fall in capacity usage, though some sectors were seeming to prevent further fall in the overall capacity utilisation.
'Washington senses that the anchor sheet of India's strategic autonomy lies in its longstanding partnership with Russia, which remains firm and immutable despite the changes in world politics in the post-Cold War era,' notes Ambassador M K Bhadrakumar.<
A task force, under the chairmanship of the secretary (tourism), with the secretary (shipping) as co-chairperson, has been constituted to promote cruise tourism in the country, reports Megha Manchanda.
The 15 proposals were cleared following recommendations by Foreign Investment Promotion Board.
The third Lusofonia Games, slated to be held in Goa in November, have been postponed to January due to the slow progress of infrastructure work. The Games of 'Lusophone' (Portuguese-speaking countries) will now be held from January 18 to 29, 2014.
The meeting was convened by the Congress. Six major parties -- the DMK, the SP, the BSP, the TMC, the AAP and the Shiv Sena -- choose to stay away. The BJP took a swipe at the absence of major opposition parties at the meet and also said that their anti-CAA resolution must've made Pak happy.
11 BJP members in the Joint Committee of Parliament on land bill moved amendments seeking to bring back the social impact assessment and consent clause.
Thus, the right to fair compensation and transparency in land acquisition, rehabilitation and resettlement (amendment) bill, 2015 as passed by the Lok Sabha still contains major lacuna's in regard to farmer's rights. It is best advised and hoped that the government will send the bill to the parliamentary standing committee for more changes and consultation.
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.
It plans to lower employment costs with the estimated reduction in employee numbers, about two-thirds of which are expected to be office-based white-collar roles - a majority expected at its Netherlands unit.
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