'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
At nearly 82 per cent of GDP, India's public debt is very high, but the country doesn't face debt sustainability issue on account of high growth rate and higher share of local currency debt, NCAER Director General Poonam Gupta has said. Participating in an event organised by NCAER, Gupta said India's high debt levels are sustainable for now because of higher real or nominal GDP and as most of the debt is held in rupee.
'You're going to have your own journey and that can be very beautiful.' 'It can also be very terrifying because there is no precedence.'
Justice Sachin Datta said the plea was misconceived and devoid of merits and the ECI can take an independent view on the complaint of the petitioner in accordance with law.
The NCLAT on Wednesday upheld the orders of the fair trade regulator CCI imposing a penalty of Rs 1,337.76 crore on tech major Google in the Android mobile devices case, with some modifications.
'Undeniably, Modi's position has stabilised and he has staged a comeback of sorts from the weeks after the Lok Sabha results.' 'Coalition partners are likely to be more tolerant of Modi... The forthcoming elections in Delhi and Bihar will determine whether this continues or not.' 'To win Delhi and Bihar, Modi will have to work in conjunction with the RSS.' 'However, because of the 'truce' that has been worked out within the Sangh Parivar, Modi will have to be more consultative than he has been in the past ten years,' reveals Modi biographer Nilanjan Mukhopadhyay.
'Today we know of many X, Y, and Z persons as urban Naxals but can we call these people as such?' 'No, we cannot because we don't have a legal framework for doing that.'
Officials cited the example of the Sixth Pay Commission.
The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th Pay Commission
He said Parrikar had no right or authority to order the services chiefs to accept what is not acceptable to them, adding he had once again shown his inability to understand the services.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
Mr Jaitley should devise methods to attract better talents at the higher level.
The over two-minute campaign song, penned and sung by AAP MLA Dilip Pandey, was released at the party headquarters in New Delhi on Thursday.
The National Company Law Appellate Tribunal on Wednesday directed Google to pay 10 per cent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. A two-member bench, however, declined to grant any immediate stay the operations of Competition Commission of India (CCI) penalty and said it would pass any order after hearing out other parties. The appellate tribunal has issued notices to CCI and directed to list the matter on February 13, for hearing over interim stay.
The annual expenditure on contractual manpower in 2012-13 was about Rs 300 crore.
A slew of sops were announced for teachers, employees of municipalities and others.
The "bumper" 40 per cent increase followed a number of sweeping reforms intended to transform the "bloated People's Liberation Army, into a more modern, nimble fighting force".
Finance Commission has got new team who are committed to growth initiatives.
The revised salaries of central government employees are likely to be paid from July 1, 2016.
'Our vision for the future includes the creation of an active ecosystem, human space flight, a human space station.'
Tech giant Apple on Wednesday said it has slashed its App Store commission by half to 15 per cent for small businesses earning up to $1 million (about Rs 7.4 crore) per year on the platform. In the past, tech majors Apple and Google have been criticised for the high commissions charged from app developers. Apple, in a statement, said the new developer programme will accelerate innovation and help small businesses and independent developers propel their businesses forward with the next generation of groundbreaking apps on the App Store.
Arun Maira who worked for 25 years with the Tata Group, remembers his early years with Ratan Tata.
The chief adviser alleged elections held under Hasina's regime were "rigged blatantly and generations of young people grew up without exercising their voting rights."
'Everyone knows the money the stars are asking for is absurd.'
Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of automobile dealers who have supposedly generated fake invoices without providing any service, which is a punishable offence under goods and services tax (GST) law. The authorities are learnt to have questioned the car dealers to explain the services they provided general insurance companies. The investigators suspect car dealers pitched for insurance schemes that give them commissions in excess of those insurance regulations permit.
The plea is likely to be heard on Wednesday by a vacation bench.
The more market driven the economy becomes, the more its government sector should function in its basics like the rest of the economy.
It should be noted that the CPC allocation is provisional.
The statements the separatists make, the abominable tableaux at their parades, the slogans, posters, and selfies with assault rifles are not India's problem. If they are a nuisance, it should bother their host countries, because they are armed and have their own underworld with deadly gang rivalries. Significantly, none of this happens in the US -- only in snowflaky Canada, points out Shekhar Gupta.
The Commission concluded that the bank officials had evidently been negligent in failing to compare the signature prior to making payment, notes Jehangir B Gai.
In the latest tape that surfaced on Saturday night, Kayal was heard saying that 70 women got Rs 2,000 each for taking part in protests against Sheikh who was arrested and later suspended by the police.
'Can you imagine that Surat's voters won't have any say now in exercising their fundamental right to choose a candidate of their own choice? This is what the BJP has reduced India's democracy to.' 'With this ugly act, in one stroke, the BJP has disenfranchised the voters of Surat.'
The Centre is expected to increase the dearness allowance by 10% to 100% by the end of February.
It is advisable to file your ITR right away and not rely on potential extensions.
Modifying the single bench order, the division bench presided by Justice I P Mukerji directed that Banerjee and Ghosh will be free to make any statement concerning the Governor, not crossing the contours of freedom of speech and expression and public duty.
For large numbers of employees in the government system, the month-end salary cheque is no longer guaranteed. So the days of the government and State-owned enterprises wanting to be ideal employers are over, observes T N Ninan.
"Let's work it out. There has to be some parity," the high court said.
Dearness Allowance for central government employees has been hiked to 31 per cent of the basic pay from 28 per cent with effect from July 1, 2021, the Finance Ministry said. In an office memorandum, the Department of Expenditure, under the Finance Ministry, said the term 'basic pay' means the pay drawn as per the 7th pay commission matrix and does not include any other type of pay like special pay, etc. "....the Dearness Allowance payable to central government employees shall be enhanced from the existing rate of 28 per cent to 31 per cent of the basic pay with effect from July 1, 2021," said the office memorandum dated October 25.
The Pay Commission's award will provide a windfall that can be used to both spend and invest wisely.
