Finance firms in these SEZs likely to get tax breaks.
Summary of sports events and persons who made news on Wednesday
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
'When Modi was having his maiden meeting with Donald Trump, China is up to its old tricks again, by causing a distraction on the Doklam plateau,' says B S Raghavan, the distinguished civil servant.
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.
Sherine Xavier, a Sri Lankan Tamil filmmaker from Canada, is happy. After months of struggle with the Indian censor board, she has finally obtained approval to screen her film Muttrupullia?, which deals with the post-war situation in Sri Lanka's Tamil areas.
Akayed Ullah had no criminal record back home, a police official said, even as Dhaka vowed "zero tolerance" against terrorism.
'The film stared at me and asked me a question. As a producer you have made financial decision but it's time that as a woman you made a decision from your heart. That's what I did,' says Lipstick Under My Burkha producer Ekta Kapoor.
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
'Under Justice Gogoi's tenure, the Supreme Court has gone from an institution that was at least formally committed to the protection of individual rights as its primary task, to an institution that speaks the language of the executive, and has become indistinguishable from the executive,' warns Gautam Bhatia.
'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.
N Sathiya Moorthy explains how the recent floods may complicate the Cauvery issue among Tamil Nadu, Karnataka and Kerala
The NCLAT's order is offensive because it goes against every tenet of bankruptcy reorganisation. If Justice Sudhansu Mukhopadhyay's tenets are accepted by the Supreme Court, we will not only regress in modern bankruptcy reorganisation but also slide back in the Doing Business rankings, says Omkar Goswami.
The court said the conduct of the directors was in 'gross violation' of its order.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
It was in 1989, 39 years after the setting up of the Supreme Court in 1950, that Justice M Fathima Beevi was appointed. Meet the brilliant legal minds who have shattered the glass ceiling since then.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
'Over the last two decades, the India-French relationship has grown steadily, no major political difference having darkened the sky between Paris and Delhi,' says Claude Arpi.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
The Pakistan Cricket Board (PCB) is all set to push the case of banned pacer Mohammad Amir to at least allow him to resume domestic cricket when the International Cricket Council (ICC) executive board meet in London from October 17 to 19.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
The two countries also signed three other agreements -- to enhance aviation links, to jointly work in the area of energy efficiency and promotion of parliamentary cooperation.
News of all that's transpired on and off the football field
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
Bombay High Court view opposed to this was wrong.
Judge Jagdale halted Dr Gupta's testimony several times because he felt it had neither order nor direction. Tightly controlling his irritation, his lips compressed, the judge explained as patiently as he could: "What he has done in this case should come (out in his testimony) in a lucid manner. You eat chapati and then rice. You cannot eat half a chapati and then have rice and then eat half a chapati..." "He is not a witness of facts. He is an expert witness. Either he is not prepared. Or you are not prepared."
'A President who is a living embodiment of high principles can tone up the entire national fabric,' says B S Raghavan, the distinguished civil servant.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
A single party will need at least 137 of the directly elected seats to be able to form the government on its own.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
While the judiciary remains our most trusted institution, it should debate its internal health, argues Shekhar Gupta.
Indian-Americans are "very concerned" about the rhetoric from Donald Trump who has "poisoned" the political dialogue with his insults to immigrants and women, US House of Representatives contender Raja Krishnamoorthi has said.
'Delhi's river has once more been thrown under the bus, by a happy godman backed by a godman-happy government,' says Mitali Saran.
Now with the Prime Minister insisting on quick resolution of all pending grievances, it is highly likely that all backlogs of complaints will be resolved very soon.
'After a strategic pause though, Beijing will revive its policy of slowly creeping towards acquiring sovereignty over the South China Sea.'
The 2,500-hectares lease included both notified and non-notified areas.
Sujatha Singh stands for the right values and quite simply, she's a "good person" who understands complex economic issues thoroughly, say her friends.
"India has become the fastest growing major economy in the world. Despite the global slowdown, we have registered excellent growth. Today, India is a bright spot in the global economy. We are seen as the engine of global growth," he said.
With all its ups and downs, 2015 is now concluding. And the New Year will bring new expectations to all of us. So tell us your expectations from 2016:
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