The 30-share Sensex ended down 215 points at 27,011.
At least a dozen officers from Gujarat are handling key assignments in various important central positions
Manmohan Singh, reveals the former President, was keen that either P Chidambaram or Montek Singh Ahluwalia be the finance minister.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
Younger party leaders are livid with the Murli Manohar Joshi-headed manifesto drafting committee for not taking their suggestions, reports Archis Mohan.
The government must justify why we need to buy foreign reactors when we have developed up to 700 MWe unit-size pressurised heavy water reactors, a design which can be easily extended to 900 to 1000 MWe unit size. Why can't the 'Make in India' philosophy apply to indigenous nuclear reactors, more than 18 of which have been designed, built, and being operated by Indian engineers, asks Dr A Gopalakrishnan.
'The corporate sector says by 2022 they will create 300 million jobs.' 'In the last 70 years we didn't do it, how will we do it in 5 years?' 'Only agriculture can bail out the economy. Unfortunately, it is not being looked into.'
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.
'... for two reasons: the poor quality of education, and the low rate of female participation in the labour force.' 'Unless something is done quickly to remedy these problems, India will just have a large population of low-skill, low-wage, males trying and failing to feed their families adequately.'
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Implementing the Food Ordinance is the bigger challenge and there are many provisions of the National Food Security Bill which need to be expanded and strengthened.
NDA government has shunned populism.
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
'The path to a resolution of the ethnic conflict is likely to be complicated and controversial with the majority Sinhalese community, and will become less likely if delayed.' 'It will certainly give Rajapaksa fresh political oxygen with which to revive himself and rally the opposition.'
'AMU is a secular university with an Islamic ethos.' 'We do not discriminate on the basis of religion. Let me tell you Muslims do not need reservations. They need affirmative action in education.'
'What we have heard from the Sri Lankans is their desire to have a foreign policy that allows Sri Lanka to best advance its own interests rather than a foreign policy that relied solely on one relationship.' 'We think this is an attitude that makes a lot of sense. India and Sri Lanka have many areas of shared interests, and it's certainly welcomed by us to see that deepening of those ties.'
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
'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?'
'I rejoice in the fact that Justice Iyer has left a legacy, after all, legacies no not reside in brick and mortar, but in living humans and there are many of us who have followed in his footsteps and continue to do so.' Former additional solicitor general Indira Jaising salutes the legendary Justice V R Krishna Iyer who passed into the ages last week, the judge who restored her faith in the Supreme Court of India.
The State is trying to curb the students movements, therefore, there are suspicions against some of the Subramanian report on education's recommendations, says Mohammad Sajjad.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
'The Congress era was already over anyway! The real question is: Has India opened a new, post-coalition era and I'm very doubtful about that,' Christophe Jaffrelot, author of several books on Indian politics, tells Archana Masih/Rediff.com, analysing Mandate 2014.
'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.
'The mood in the country is the challenge. Everything is going well, but nobody is feeling good. Why? I don't know. Maybe aspirations are too high... The most important thing in life is to be a good person. Rahul is a wonderful person. He is a thinking man. He has convictions and is passionate about his work.' Sam Pitroda discusses the Congress party and Rahul Gandhi in an exclusive interview with Rediff.com's Sheela Bhatt.
The most immediate cause of worry is the recent volatility in foreign exchange markets, Prime Minister Manmohan Singh tells the Assocham annual general meeting.
The families of the Muslim youth from Hashimpura who were shot dead 28 years ago had some committed supporters in their long struggle for justice.
'The main reason for having neutral venues for the Ranji Trophy is to make it more competitive and less affected by doctoring of wickets.' 'There is no reason why people shouldn't be able to see Virat Kohli playing a Ranji Trophy match at any location.'
'It is just that we have our standards so low that anybody looks good now.' 'His sort of extremely terminological exactitude is a serious problem. He doesn't seem to understand the difference between exclusive economic zones, territorial waters...' 'I am expecting a lot of confusion because of this... Unless Parrikar starts going into the depth of the problems, he is only going to compound the problem rather than resolve it.'
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