After defaulting for a consecutive time in paying its investors, National Spot Exchange Ltd (NSEL) got a Rs 177-crore (Rs 1.77 billion) lifeline from its main promoter, Jignesh Shah-run Financial Technologies.
As in the past, it is up to the merchants to decide if they will bear the burden of the charge or bill it to the customers. Subhomoy Bhattacharjee reports.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
The ripples from November 8 may be seen in next year's state budgets.
EPF is the major vehicle for the long-term savings of organised private sector employees.
More important is to diversify the country's farm production base.
2015 will be a real test for Modi govt.
When did Urjit Patel really resign? When did Shaktikanta Das get the mandate to take over as RBI governor?
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
The under-fire Jamaica Anti-Doping Commission (JADCO) has appointed a new executive director just three days before the start of a World Anti-doping Agency (WADA) audit of its operations, the Jamaican government said on Friday.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
The Budget is remarkably coherent.
There is lack of scientific basis in computing the poverty line, says govt.
Niti Aayog has come out with an initiative to improve governance in states.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
'All of Indira Gandhi's bad economic ideas are being strengthened, from nationalised banks to anti-poverty, handout yojanas,' says Shekhar Gupta.
Prime Minister Manmohan Singh on Thursday said a strong domestic manufacturing base in electronics and telecommunications will mitigate burden of growing imports for the sector.
'There is tension between the zones all the time.'
The Niti Aayog has finalised the first draft of a new national energy policy.
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
Displaying earnest, government will seek the views of jurists and former judges on the proposed Judicial Appointments Commission bill it plans to bring in Parliament to replace the present collegium system where judges appoint judges.
A closer look at the data reveals that a lot of the items are not part of this calculation. The notable ones include buffalo meat, marine exports, raw cotton, and plantation crops such as tea, coffee, rubber, etc.
It will allow states to detain students in class 5 and class 8 if they fail in the year-end exam.
'The Modi government must create conditions to integrate millions into the rural economy as many migrants are certainly not going to return to live an undignified life,' notes Ramesh Menon.
'Agri reforms need to go beyond the limited concerns of these three laws in improving agriculture productivity in cereal and crop diversification and production patterns.'
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
The truth is that few ministries in the Modi sarkar are working on new and updated legislation of any kind.
Rumour has it that former Bihar chief minister Lalu Prasad had once misbehaved with Amit Khare, the then district commissioner of Chaibasa in south Bihar, in full public view. The incident was enough to enrage the strong lobby of Indian Administrative Service officers to take on the all-powerful chief minister.
Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
Ajit Doval is now India's all-powerful security boss. This concentration of power disrupts our layered security system. Will it not weaken whatever remains of the power and authority of the home, defence and finance ministers? asks Shekhar Gupta.
West Bengal Chief Minister Mamata Banerjee on Saturday tore into Narendra Modi government, accusing it of bulldozing the federal structure and running a Presidential form of government, drawing sharp reaction from the Bharatiya Janata Party.
Chief Election Commissioner Nasim Zaidi has written to Cabinet Secretary P K Sinha who is likely to consult the parliamentary affairs ministry before framing his response on the government's plans to advance the budget presentation to February 1, sources said.
As Modi completes a year in office, his cuts in federal welfare spending on the poorest of India's 1.25 bn people are coming in for sharp criticism.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
A group of retired civil servants also called upon the PM to reach out to the families of the victims in Unnao and Kathua and "seek their forgiveness on behalf of all of us".
Govt sets up task force to monitor circulation of fake currency; suspicious Jan Dhan accounts under scanner.
'An ASW corvette without towed array sonar and an ASW helicopter is nothing more than a feeble joke,' says a retired navy commodore.
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