'So far as supervision is concerned, there are enough powers but to take action on public sector banks, consultation with the government is needed.'
The budget underscores government's previous emphasis on capex to sustain near-term recovery from the pandemic, while simultaneously paving the way for longer-term restructuring of the economy, it stated. But the various spending initiatives are not offset by any significant announcements related to further increase revenue generation; rather, the announced revenue-related measures are aimed at other objectives such as fostering startup innovation, ensuring more equitable treatment for cooperatives and state employees, and promoting tax compliance through simplification, Christian de Guzman, a senior vice-president, sovereign risk group, Moody's Investors Service, said.
A healthy growth in India's services segments has helped the country's total exports and imports of goods and services to cross the $800 billion mark during the first half of 2023, despite a slowdown in global demand, think tank GTRI said in a report on Monday. According to the analysis of the Global Trade Research Initiative (GTRI), exports of goods and services rose by 1.5 per cent to $385.4 billion during January-June this year, as against $379.5 billion in January-June 2022. Imports, however, dipped by 5.9 per cent to $415.5 billion during the six months of this year, as against $441.7 billion in January-June 2022.
Brazil lived up to expectations by smashing Bolivia 5-1 at home in their 2026 World Cup qualifiers opener on Friday.
'All El Ninos are not associated with the deficient monsoon.'
A second-half goal by forward Lautaro Martinez earned Inter Milan a 1-0 victory over rivals AC Milan in their Champions League semi-final second leg.
Argentina and South Africa settled for an exciting 2-2 draw in their Women's World Cup Group G clash at Dunedin Stadium
Four decades of federal evolution made India more secure, but coronavirus is reversing that. Modi's central government has tasted power again and is unlikely to give it up, notes Shekhar Gupta.
Expanding at the rate of over 30 per cent per annum, the wind energy sector in India promises to emerge as an economically viable option to meet the current power deficit of the country.
That's a deficit the NDA will have to make up with the help of 'friendly' alliance partners, the very groupings the PM has said are 'family-run'.
'If Israel had stuck to the peace accords, Hamas would have had no one to fight.'
China's foreign trade in 2004 surged to a record $1.15 trillion to become the world's third largest trading power behind the United States and Germany.
IMAGES from the Champions League matches played on Tuesday.
Announcing a Re 1 crop insurance scheme for farmers, the deputy CM said the government will bear the financial burden of Rs 3,312 crore.
Trade deficit during the month narrowed to USD 14.54 billion from USD 15.3 billion in January 2020. It was USD 15.44 billion in December 2020.
Harry Kane scored twice in his first league appearance in front of a home crowd to steer champions Bayern Munich to a 3-1 victory over Augsburg.
'Unless we start making the products we need, we cannot become a developed country or call ourselves an economic power.'
India's energy deficit is likely to improve as hydro power stations can ramp up generation on account of adequate rainfall in the last fortnight of July, wiping out the shortfall of the previous months.
India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.
Germany ended Belgium's dominance in global hockey in the last five years after yet another stunning comeback from two-goal deficit to beat the defending champions in the penalty shoot-out to win the FIH Hockey Men's World Cup for a third time, in Bhubaneswar, on Sunday.
The bench said it has to balance the equity and it was not against any policy of the government or the scheme.
Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, it hit a low of 57,577.05 and a high of 58,712.66.
The left-handed Chinese put a lot of power in his smashes and his hold-and-flick shots also caught Prannoy off guard as he entered the first interval lagging 6-11 after two unforced errors.
Way before the rains arrived at Talwandi Sabo Power plant in Punjab, the one check the coal ministry was carrying out was the availability of coal stock with the generator. Talwandi Sabo Power Limited (TSPL), the 1,980-Mw thermal power plant of Sterlite Energy, part of the Vedanta Group, which supplies about 15 per cent of Punjab's power, is one of the most difficult locations to manage coal supplies. It is nearly 1,700 km from the mines of Mahanadi Coalfields in Odisha, the longest coal route in India and possibly the trickiest as it cuts through the traffic heavy rail lines between Delhi and eastern India.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
"China creeps towards hegemony in Asia, threatens India's borders, and treats other countries as junior partners, Indian-American Congressman Ro Khanna said.
Pakistan was "drowning" in debt and it was the new government's job to "sail this ship ashore," Prime Minister Shehbaz Sharif said on Wednesday.
Sadio Mane scored twice to help Senegal fight back and shock Brazil 4-2 in a friendly in Lisbon on Tuesday.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Across India, decades of mismanagement and political meddling have left utilities selling electricity below cost and turning a blind eye to rampant theft.
Fresh snowfall disrupted normal life in Jammu and Kashmir, where an avalanche warning was issued in five districts, higher reaches and tribal areas of Himachal Pradesh and the Garhwal region of Uttarakhand on Monday.
Coal India would open 60 new mines soon, the minister said.
Maharashtra government has conveyed to the Centre that it is willing to purchase power from Dabhol plant at Rs 2.20 per unit.
NTPC to be the worst hit, stock slides to five-year low on announcement.
Netherlands coach Louis van Gaal hailed the efforts of his squad in fighting back from two goals down to force their World Cup quarter-final against Argentina into a penalty shootout even though their ultimate exit proved to be painful.
Images from the international friendly and Euro qualifying football matches played on Tuesday.
India will add about 9000 MW of wind power generation capacity during XIth Five Year Plan ending March 31, 2012, lower than previously targeted 11,000 MW.
The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel.
Don't be surprised if growth in the second half of the financial year drops below 4%, which is where it was in the year before the pandemic, warns T N Ninan.
The BJP is faced with the crucial question of who will lead the party in the four impending state polls this year: In Rajasthan, Madhya Pradesh, Chhattisgarh and Telangana.
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