The defence minister then met Chief Minister Mehbooba Mufti. Sitharaman was briefed on the security situation in the wake of the terror attack, officials said.
A day after deciding to nearly double natural gas prices to $8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.
Lukewarm response from private investors and turf battles between government agencies have resulted in delaying Modi's ambitions. Sahil Makkar reports.
Indeed, this is one policy area where the Modi-led government is different from the one that was headed by Atal Bihari Vajpayee.
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
The Modi government caved in under American pressure without even token resistance. Two countries similarly placed as India with high dependence on Iranian oil -- China and Turkey -- have shown the grit to stand up to Washington, says Ambassador M K Bhadrakumar.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
Prime Minister Narendra Modi said India will fulfil all its responsibilities with regard to climate change.
With founder Subhash Chandra no longer in the driver's seat at Zee, the acid test for Punit Goenka would be to take the financial investors along with him even as he strives to weather the latest storm. The question, now, is how he will deal with the challenges of being a professional CEO rather than an owner-CEO in the aftermath of his family offloading most of its promoter stake to a clutch of financial investors. However, the silver lining is that Zee remains the most profitable of the top four broadcasters in India.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
In view of Prime Minister Narendra Modi observing the Navratri fast during his United States visit, the White House on Wednesday said this is unlikely to be an issue as they respectfully accommodate the practices of visitors.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Liquor shops reopened across the country in the non-containment zones after 40 days from Monday with people queuing up in large numbers, giving social distancing norms a toss at some places.
Importers protest as food safety regulator demands adherence to recent law on labelling, blocks entry at ports for packs with stickers.
Secretary of State for Foreign Affairs William Hague and Chancellor of the Exchequer George Osbourne, heading the largest business and ministerial delegation ever, arrived in Mumbai, their first port of call, during a two-day visit to the country.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
The Long Range Surface to Air Missile jointly being developed by India and Israel is an answer to potential threats from Pakistan's anti-ship missile.
'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.
Despite all the incentives, the start-ups' mega event fell short of expectations
'Nitish has no future in state politics.' 'Nitish harassed the Yadav community no end in his earlier tenure as chief minister. So who will the Yadav community vote for in the coming state elections?'
Flaring of tempers comes atop much simmering trouble on clashing views; these stands might now get frozen.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
In recent past, midcap stocks have performed well, say experts.
More lucrative routinely prescribed drugs are at higher risk of failing quality standards
Voices from the Treasury are clamouring for lowering rates as this would boost demand.
This after high drama in the House over what opposition charged was "intimidation" by the treasury benches to get the motion for sending the amendment to the RTI Act to the select committee rejected.
The voyeurism and poor taste on display in the reportage of the murder case involving Mukerjea's wife reflect the mindset of the society we live in and the media we are exposed to
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
Sensex is under pressure due to concerns in the global market.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
Punjab politics has produced a dog's breakfast on the river waters issue. Except, you'd see even dogs eat better, says Shekhar Gupta.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
