I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
'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.
'When I met the prime minister on November 15 there was no RBI report with the prime minister as to why this was done.' 'When I asked the PMO officer about this, he said the RBI did not bring this to the PM and did it independently.' 'When I asked how could the RBI ban DCCBs from accepting deposits from farmers in old notes when the government gazette released on November 9 allowed them to do so, this officer told me that not even senior PMO officials had any idea about this RBI ban.'
'Whenever I felt like giving up, I'd think about my father.' 'I think about all the hardships he'd undergone to put me in a good school and give me the best of coaching.'
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
Here's the full text of Prime Minister Narendra Modi's address to the United States Congress.
The industry status will help the sector access bank lending at average interest rates
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Disappointed and angry Congress members are likely to train their guns on Rahul Gandhi's team of advisors for inept handling of the 2014 Lok Sabha poll campaign, says Rediff.com contributor Anita Katyal
A clear aim, knowledge, hard work and perseverance spells success: President Dr A P J Abdul Kalam.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Govt is keen to push reforms in the insurance sector.
It is not yet clear how many Lok Sabha constituencies would see Aam Aadmi Party's candidates in the fray. If those seats are fought and won the way the 28 assembly seats were in Delhi, it can end the usual excuse for corruption: high election costs, says Mahesh Vijapurkar.
The calculated playing up of confidence by Amit Shah and his team obviously means that the BJP has a strong counter-strategy in place to turn the tables on the Congress before the monsoon session is over, reports Sheela Bhatt/Rediff.com.
'My grandfather was a poor farmer who fought for democracy and freedom in India and who could have never dreamed that his grandson would have the opportunity to sit before you today and be considered for the position of Surgeon General,' Dr Murthy told a US Senate Committee
'You may show at the end of December how much money has come into the system, but none would be the wiser because most of see only what we want to see and believe.' 'Some of us will see through it and you will make your proxies call us enemies of the State.' 'I was somewhat with you till here. But we diverge from here on until you can do something which will veer through my cynicism brought about by your policy,' says Harsh N Gokhale.
'Modi is a master of convergence. By his ability to converge and add new features to a non-star idea, he is able to sell it. Like how he has turned Kutch into a tourist destination by selling the salt desert of the Rann as a flat snow desert of the night and roping in Amitabh Bachchan to sell it. In one stroke this has ensured economic returns to the people and on the other hand it has taken care of the national security angle in the sense that the border population in the Rann, which is almost entirely Muslim, is feeling better as now they are much more connected with the mainstream.' Ahead of the launch of his book on the much-debated Modi model of governance, journalist Uday Mahurkar speaks to Rediff.com's Sheela Bhatt.
Eight years ago Subhashini's husband Colonel Vasanth was martyred fighting militants in Kashmir. Today, she offers hope to widows of army jawans who lost their lives in the line of duty.
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like?
Over Dosas in Mumbai, Oscar winner Megan Mylan tells Vaihayasi Pande Daniel why she chose India and girls empowerment as the subject of her new documentary.
'If standing in a bank or ATM line is a test of patriotism, why is not a single leader standing in that queue too?'
'I have tried to make it easier for the small scale entrepreneur to do business and cut through the red tape.'
The National Innovation Foundation India (NIF), Ahmedabad shared the ideas that shined at the IGNITE 2015.
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Ayurvedic expert Dr G G Gangadharan on how the ancient Indian medical practice needs to be propagated in the country of its origin
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Instead of taking up a plush corporate job, Shadab Hassan chose to start a school for underprivileged children.
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.'
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
Jyoti Punwani examines the relevance of the Sairat, the hit Marathi film everyone is talking about, in today's times.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
'A lot will depend on the first Aayog and the power it derives.'
'I kept begging the doctors to put my three year old on the ventilator. But the doctors and nurses kept saying no ventilator was available. When the breathing apparatus ultimately became available, it was too late.'
Following is the full text of Prime Minister Manmohan Singh's speech at the Central Party School in Beijing on Thursday:
More than a year after he was nominated by President Barack Obama, the US Senate, defying the powerful pro-gun lobby National Rifle Association, voted to confirm Dr Vivek Hellegere Murthy as the first Indian American US Surgeon General and the youngest ever at age 37, in a cliff-hanger of a 51-43 vote.
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like? Archana Masih reports from India's other most talked about state.
It is not in the Lok Sabha, where the BJP has a clear majority, but the Rajya Sabha that the Opposition has ganged up to checkmate Prime Minister Narendra Modi's ambitious plans.
2014 will be a watershed election. Much is at stake and much needs to be changed. Women need their voice to be heard and they need representation with real power, says Sunanda Vashist.
'Modi as the PM of the country has to take everybody on board and deliver on good governance. That is his responsibility. In that talking alone won't help, he's working.' Commerce Minister Dr Nirmala Sitharaman tells Sheela Bhatt/Rediff.com how the Modi government plans to change India.
Prime Minister Manmohan Singh on Friday disagreed with those in the Congress who were dismissive of the challenge posed by Narendra Modi but asserted that the party would approach the 2014 Lok Sabha polls with self-confidence, irrespective of the results of the just concluded elections in five states.
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