'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
FATCA is aimed to strengthen business ties.
Finance Minister Arun Jaitley on Monday said domestic private sector investments have been slow and high cost of capital was also affecting several sectors.
India is Asia's other bad debt headache.
These figures are based on purchasing power parity of 2005.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
We need a change in mindset, says the RBI Governor.
Addressing the Indian diaspora on the second day of his three-day visit to Malaysia, Modi said India draws strength from its diversity and that his government is working to create an environment where enterprise flourishes and everybody gets basic needs like roof, sanitation, water, health care and education.
Maria Sharapova's reduced suspension for a doping violation is set to provide a healthy boost to her bank balance with corporate sponsors reaffirming their commitment to the Russian player. The 29-year-old can return to the court next April after the Court of Arbitration for Sport reduced her two-year ban by nine months on Tuesday. Sharapova's stunning admission in March that she had tested positive for meldonium at the Australian Open, and her subsequent ban by the International Tennis Federation, saw a number of sponsors distance themselves from her.
On the controversy surrounding the GDP numbers based on new calculations, he said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down
the GDP estimates incorporate new source data and modified compilation techniques
The members of the Internal Complaints Committee should be empowered to take independent action without any pressure from the management.
We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.
The convertibility is RBI Governor's 'next big ambitious goal'.
The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed 12 points lower at 8,712.
The government can seek details from sellers such as sources of funds while buying.
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.
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
The hype surrounding the Budget gives it undue importance.
The challenge of achieving fiscal deficit targets for the next two years seems daunting.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Emerging markets and Asia may be first in the firing line
The peak rate of 30% applies on annual income of individuals above Rs 10 lakhs.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
Close to 200 webcams are likely to be installed across the country
'Urjit Patel was not quite the picture of courage, but even he turned, he had to turn.' 'Perhaps there is something that is far more sinister than what we are aware of, which is the reason for his resigation.'
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
The second-quarter GDP numbers are scheduled to be announced on Friday.
A snowy fishing village in Greenland, a vulture soaring through the sky in Spain, and a trio of actors gearing up for an opera performance in China all make up the award winners in the 2019 National Geographic Travel Photographer of the Year awards. Chosen from thousands of entries, the winning snap is called Winter in Greenland and was taken by Weimin Chu. It depicts the fishing village of Upernavik in northwestern Greenland. Chu will receive $7,500 (Rs 5.21 lakh) and a post on National Geographic Travel's Instagram account, @natgeotravel. Here we present the winners in each of the three categories.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
The high new GDP numbers are puzzling.
'Somehow, I don't see the Modi government shutting down Air India.' 'So, Mallya may prove to be luckier than the government; at least his financial clock has stopped ticking,' says T N Ninan.
'Another rejection of mediation between India and Pakistan will leave Mr Trump disappointed.' 'In that case, he is likely to point out the war-like situation on the border and press for direct talks which have been stalled on account of continuing terrorism from Pakistan,' notes Ambassador T P Sreenivasan.
Four specific areas will be watched carefully in the first half of FY16
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