China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
Andhra Pradesh now comes third in ease of doing business.
NDA government has shunned populism.
The hype surrounding the Budget gives it undue importance.
Former chief information commissioner Satyananda Mishra says the Supreme Court order to frame guidelines for civil servants to insulate them from political interference is a mere elaboration of reports of committees constituted by the central government.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political, economic and foreign policy road map of the Narendra Modi government and covers virtually all crucial areas.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
Modi govt has a unique style of working, say experts.
'There are no women in the Delhi government and it shows how much the government is concerned about women's issues,' says DCW chairperson Barkha Singh.
If the economy gains momentum, that is a big positive for markets, given the strong macro of low inflation, falling rates, and a stable rupee, says Akash Prakash.
Budget might turn out to be neutral for the sector.
Ten years after his defeat, Chandrababu Naidu is once again going to be the chief minister of a truncated Andhra Pradesh, says Aditi Phadnis
This Budget signals a shift from a hand-out to a hand-up economy.
The Indian Army and more recently the Indian Navy have already set up dedicated intelligence branches. It is surprising indeed that the IAF, where real time and timely intelligence is most vital for effective and safe prosecution of the air war, has still not done so itself, says Group Capt (retd) P I Muralidharan.
Athens bowed to demands to phase out tax breaks for its islands.
The proposals appeared so far apart that success seemed higly unlikely
The National Democratic Alliance government has adopted half measures instead of moving decisively on defence.
'The government has belied the hope that many harboured of change, efficiency and dismantling old practices as the defence ministry continues to pursue the same well trodden and wasteful path.'
Roshan Shah, a Canadian citizen and an Overseas Citizen of India, filed a Right to Information application in Gujarat in 2013 to demand that Narendra Modi, then the Gujarat chief minister, make his educational qualifications public.
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
Curbing the federal deficit is the government's absolute priority on February 28.
India Inc is encouraged by a determined Budget.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
The situation in Greece worsened with banks closed for a 2nd week.
She needs to find innovative ways to at least match the growth during Gehlot's rule.
The Modi government's array of economic policy has been impressive.
'My grandfather was a poor farmer who fought for democracy and freedom in India and who could have never dreamed that his grandson would have the opportunity to sit before you today and be considered for the position of Surgeon General,' Dr Murthy told a US Senate Committee
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Candidates in the current state elections must be made to offer specific promises against which their performance can be measured, says Indira Rajaraman
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
A Narendra Modi administration would believe more in decentralisation than would a Rahul Gandhi administration, says Arvind Panagariya.
'The difference between black money in India and the black money out of India is, in India, it is tax evaded money and Indian money outside India is not only tax evaded money, but money which has been taken out of India's capital resources needed for India. So it is not only tax evasion, but treason too.'
Key relaxations traced in final regulations.
Ishan Bakshi studies the Budgets of six states, their expenditure priorities and outlays to understand the trend.
Real estate sector cheers reforms in the Budget.
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