A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
The anti-terror watchdog has decided to give respite of four months to Pakistan to help her implement remaining recommendations of the task force.
'Those who worked with him or came to know him rated him as one of our best, with a sharp intellect, unfailing courtesy and ready wit.' Ambassador T P Sreenivasan fondly remembers Ambassador B S Prakash, wonderful human being, unusual diplomat and long-time Rediff.com columnist, who passed away into the ages on Monday, October 4, 2021.
Top security czars of India, Russia, Iran and five central Asian countries on Wednesday pledged to work for ensuring that Afghanistan does not become a safe haven for global terrorism and called for the formation of an open and truly inclusive government in Kabul.
"India has given a stern signal to its enemies by conducting surgical and air strikes. This tells us that India is changing and can take the most difficult decisions and isn't reluctant to implement them," Prime Minister Narendra Modi said on Sunday in his Independence Day address to the nation.
International companies usually store data on global servers and the requirement to store data locally would require them to make an additional investment. But policymakers in India believe storing data locally would help monitor and conduct investigations if the need arises.
Japan won't allow its reputation to be dented by calling off the Games at this late stage, argues Raj Kishore Mishra, former joint secretary at the sports ministry.
In the upcoming round of privatisation, unviable airports are likely to be clubbed with six main airports and a prospective bidder may be restricted to bid for two airports.
The review will now make it mandatory for the world's top 25 financial economies to undergo IMF's surveillance. The check-up was earlier voluntary in nature.
Describing it as 'a very powerful order' Trump told reporters during his daily news briefing at the White House on Wednesday that he signed the order to protect American workers' jobs in an economy pummelled by the COVID-19 pandemic.
ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, HDFC twins, SBI, L&T, ONGC and Infosys. On the other hand, Sun Pharma, Asian Paints, Nestle India, UltraTech Cement and HUL declined. NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20.
It would be realistic to see India's position on the DGMOs joint statement more as 'engagement, different from dialogue', where our subsequent options could be decided depending on the realities of the situation on the ground, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
"I'm taking a minute to respond... I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant," Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
'India should pledge that it will only target those provinces of Pakistan where nuclear weapons are located,' says Colonel Anil A Athale (retd).
By contrast, only aeronautical activities are taken into consideration under the dual till principle.
Inflation measured by the Wholesale Price Index had declined to 6.62 per cent in January. It was 7.18 per cent in December and 7.24 per cent in November.
He said India would continue to actively pursue and promote its geo-political, strategic and economic interests on the seas, in particular the Indian Ocean.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on Automatic Exchange of Information.
Mumbai, Bengaluru, and Kochi airports have hiked their landing charges by up to 45 per cent, increasing the operating cost for airlines at a time they are facing financial constraints because of the two months of grounding and weak demand.
Two influential Congressional sub-committees will hold a joint hearing on Pakistan's commitment in the fight against terrorism
The prime minister said that India has invited Germany to take advantage of opportunities in defence production in the defence corridors in Uttar Pradesh and Tamil Nadu.
Around 15 years ago, when Reliance Industries (RIL) struck natural gas in the Krishna-Godavari (KG) basin off the east coast, the government made plans to supply that fuel cheaply to scores of generators that sprang up in India triggered by the discovery. Most of the plants, which account for 6 per cent of India's total generation capacity, operate sparsely after the KG-D6 area first failed to meet production targets, and then finally shut shop. Affordable domestic gas was why those thermal plants came up and the rate of the fuel today is why those generators hardly operate. Record liquefied natural gas (LNG) rates may yet again unravel India's ambitions to expand use of gas in industries, households and vehicles. Rates, while volatile, may stay strong this decade as developed nations with higher purchasing power embrace gas as the transition fuel.
Forecasters' survey puts GDP growth at 6.8 per cent in the current financial year, 6.3 per cent next year. In its quarterly report ahead of the monetary policy review on Tuesday, RBI added that the risks to inflation had come down significantly due to the softening in international food and oil prices.
The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.
Secretary of State Mike Pompeo announced the move, saying he was carrying out President Donald Trump's orders. "Today, I am announcing visa restrictions on current and former CCP officials who are believed to be responsible for, or complicit in, undermining Hong Kong's high degree of autonomy, as guaranteed in the 1984 Sino-British Joint Declaration or undermining human rights and fundamental freedoms in Hong Kong," Pompeo said.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
Modi will have a number of high-profile multilateral and bilateral meetings with global leaders including United States Vice President Mike Pence and Singapore premier Lee Hsein Loong.
'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.
The RBI has already hiked interest rates 12 times since March, 2010, to control inflation, which is currently hovering near the double-digit mark.
In a letter to Speaker of the US House of Representatives Nancy Pelosi, Trump said he was determined that New Delhi had "not assured" the US that it would "provide equitable and reasonable access" to the markets of India.
A military spokesperson told Rediff.com on Sunday morning that the documents were forged and were posted online with malicious intent.
Our government has failed the country on several counts. All this must change for India to redeem itself in six months, says Naushad Forbes.
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
Asian Development Bank on Wednesday lowered India's economic growth forecast for FY2019 to 5.1 per cent on slowing job prospects, rural distress exacerbated by poor harvest and credit crunch. Growth in FY2020 is likely to recover thanks to this support, low oil prices, and a weakening rupee, but risks to the projections remain tilted to the downside, it said on India.
Modi will participate in the first-ever trilateral meeting between Japan, America and India and the 2nd Russia, India China trilateral, which is taking place after an interval of 12 years, on Friday.
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