The overdraft facility has been sanctioned in only 40,000 accounts
The sabre-rattling between parties on rival sides of the political divide over demonetisation showed no signs of softening on Saturday with the government accusing Congress of engaging in "fear mongering" and the latter hitting back calling the exercise a "not well thought out move" whose after-effects will last long.
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
'Anything that is anti-growth is demonised because growth is the biggest religion.' 'Growth is synonymous with progress. In fact, it is the opposite.' 'Exponential growth is cancer.'
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
'On the tax front, most of the Budget proposals are sensible'.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
Party patriarch Mulayam Singh Yadav and warring uncle Shivpal were conspicuous in their absence.
From her thoughts on a black woman becoming First Lady to marital struggles with her husband Barack, Michelle Obama hasn't held back in her memoir, which is being praised as honest and telling, Becoming.
The success of the government will depend substantially on the quality of its team of key ministers, officials and advisors
Excerpts from a speech on the Supplementary Demands for Grants, December 15.
Today humanity is churning the ocean with a thoughtless vengeance -- with toxic wastes, plastics and hazardous substances being dumped into our once pristine seas. And there is no benign Lord Shiva to rescue us from our collective greed, says Shyam Saran.
'All of Indira Gandhi's bad economic ideas are being strengthened, from nationalised banks to anti-poverty, handout yojanas,' says Shekhar Gupta.
Weak monsoon forecast rekindled fears of higher inflation.
Prime Minister Narendra Modi set a historic moment for Andhra Pradesh, as he laid the foundation stone of capital Amaravati at the Uddandarayuni Palem on Thursday. More than 10,000 police personnels were deployed for the even in the city.
India could gain four times over by winding up dysfunctional subsidies.
National Demorcatic Alliance ministry's list of assets is fairly wide -- from land and property to vehicles and, for quite a few, guns. Nivedita Mookerji reports
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
Find out how 30-year-old Nupur Jain is reviving the dying art of Sujani.
Indian Railway's sustenance, freight traffic, - which accounts for about 70 per cent of its revenue - has been plateauing of late.
Nanotechnology has remarkable applications in a variety of spheres, including agriculture, animal husbandry and natural resources management.
'If the government starts playing favourites, if the government acts in a manner which is not transparent, then natural resources which belong to not just you and me, but future generations, they fritter away. The anger against corruption, the anger against India's natural resources being looted is a consequence of the fact that within society there is a huge amount of turmoil and discontentment. Why should an Empowered Group Of Ministers or the Cabinet Committee on Economic Affairs decide the administered price of gas?' asks Paranjoy Guha Thakurta in this exclusive interview with Rediff.com's Sheela Bhatt.
Can Jaitley's team hope to garner 17% more on personal income tax?
Modi government has to come up with a robust economic agenda to impress the masses.
Land ordinance has done away with consent and social impact assessment.
We are all 'Chasing the Monsoon', notes Ajit Balakishnan.
Prime Minister Narendra Modi's spin doctors are on an overdrive these days to project him as a "tough talking" leader following a spate of critical media reports about his sudden silence on key issues, says rediff.com contributor Anita Katyal.
In Muthuvel Karunanidhi's passing, Tamil Nadu has lost the last of its Titans.
Scientists believe the unique geological locations where they are situated makes them worthy of veneration.
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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
'It is a national shame that the only country that enacted a food security act is now better known as the land of farmer suicides. Indian farming can change only if national irrigation policy is implemented in totality,' Dr M S Swaminathan tells Shobha Warrier/Rediff.com
From dating apps to events, the shrinking community is innovating ways to encourage the young to marry within the faith.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
There are conflicting signs on India's investment cycle.
Politically, it will not be easy for Modi to take hard decisions such as raising fuel prices in the first budget, given the risk of higher inflation.
He has the ability to instantly go to the heart of issues and deconstruct them.
'Success will require political skill, not just economic expertise'
Two technocrats, two hard-boiled politicians are India's new Cabinet ministers...
