He feels much of the problems arise at the level of state governments rather at the central government level.
Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit to Rs 15,792 crore for the third quarter, according to a company's stock exchange filing. The net profit of Rs 15,792 crore in October-December 2022 compares to Rs 18,549 crore a year back.
India is home to one third of the world's poor, yet the government claims that poverty has fallen.
Insurance companies may soon face goods and services tax (GST) audits as tax authorities plan a "deep dive" into their business practices to check for the possibility of a raft of tax-linked irregularities. Several insurance companies are being probed for wrongly availing of the input tax credit without the underlying supply of goods and services based on fake invoices generated by their channel partners and intermediaries. "We want to deep dive into the overall business and see if there are further taxation issues besides commissions, which are already being investigated," a senior official of the Central Board of Indirect Taxes and Customs said.
Indian Industry leaders are elated that the Congress government has returned to power. Here is a wishlist of Cabinet ministers.
The China-brokered deal between Iran and Saudi Arabia to revive diplomatic ties should not be a matter of concern for India as the pact would provide regional stability and would be beneficial for New Delhi's interests as well, Iranian ambassador Iraj Elahi said on Friday.
An official at the Pakistan high commission in Colombo planned strikes on American and Israeli consulates in south India, reports Vicky Nanjappa/Rediff.com
When India's Commerce and Industry Minister Anand Sharma met his counterpart in Beijing last year, he spoke mainly about India's yawning trade deficit and China agreed that this was a problem that needed fixing.
"Attempts should be made to curtail growth of subsidies to achieve nine per cent growth. We are trying to achieve nine per cent growth. Though there are major challenges like global slowdown, we will achieve the target," Singh said.
There is certainly something missing with the way poverty is measured in India.
A revealing excerpt from Mani Shankar Aiyar's fascinating new book, The Rajiv I Knew.
India will set up a high-level committee to identify areas for expanding economic ties with the United States, from where it expects an estimated investment of $250-300 billion in infrastructure space.
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).
The country's economic growth rate slipped to 5.3 per cent in the fourth quarter of 2011-12, lowest in nearly 9 years due to poor performance of the manufacturing and farm sectors.
The Modi govt is keen to replace the Planning Commission with a more powerful body.
The main Opposition BNP of former premier Khaleda Zia, 78, who is under house arrest, is boycotting the elections amidst violence.
Says govt and Vodafone would have a reasonable compromise.
'Our armed forces are prepared for any eventuality, and God forbid if the balloon goes up, people will get a bloody nose from us'
Says govt's focus is to re-assure foreign investors that India is wide open for business.
The Planning Commission of India has released the official Gross State Domestic Product figures. The map above shows the GSDP of each state in the year 2013-14 in Rs crore.
The Planning Commission of India has released the official Gross State Domestic Product figures. The map above shows the GSDP of each state in the year 2013-14 in Rs crore.
The poisonous haze has been causing significant problems for people with existing respiratory issues, according to doctors.
During his visit to the Bastar district headquarters in the poll-bound state, the prime minister is scheduled to address a Bharatiya Janata Party rally.
'Manipur is critical to India's Look East policy.' 'It's a strategic state. In the Second World War, the Japanese entered Manipur through Burma.' 'China can use the same direction to approach India.'
India has said it would exercise caution in embracing fuller rupee float since the gradual approach towards liberalising the foreign exchange regime has paid in the past.
Renowned women's rights activist and founder of the Self Employed Women's Association (SEWA) Ela Bhatt passed away in Ahmedabad on Wednesday due to age-related ailments, her associates said.
The official poverty line, which goes back 40 years, focused on a single parameter - what it would cost to get the minimum calorie intake.
Chosen for the country's highest civilian award Bharat Ratna a day ahead of his birth anniversary, Karpoori Thakur has been the veritable 'Jan Nayak' or people's hero of politics in Bihar, whose legacy parties cutting across ideologies seek to claim.
An improvement in the wind speed November 21 onwards might bring air pollution levels down.
The latest diplomatic row between India and Canada will not impact bilateral military engagement and the Canadian Army will take part in the conclave of the Indo-Pacific army chiefs in Delhi next week, a senior Indian Army official said on Wednesday.
Ahluwalia said that emerging markets would need to focus more on FDI and bonds among other measures to make up for the fall in bank credit.
The map below shows the classification of this score into Mostly Dirty, Somewhat Clean and Mostly Clean.
Plannning Commission projects economy to grow up to 7.9% in 12th Plan against earlier estimate of 8%.
Discuss India's strengths and weaknesses and also tell us if nine per cent GDP is sustainable or not.
Officials are tight-lipped on the exact menu but it is expected to reflect India's culinary diversity.
As China's ruling CPC appointed 'fifth generation' leaders headed by Xi Jinping, high-level Sino-India contacts are set to resume this month starting with the Strategic Economic Dialogue, which would be followed by a likely visit of National Security Advisor Shivshankar Menon in Beijing.
The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
India will continue to be a focus of the European Community's humanitarian assistance in 2013, but five major global hotspots of crises, including Pakistan, will receive the largest chunk of over 661 million Euro aid earmarked for this year, the European Commission has said.
The judiciary, the police, the lawyers and the public will have to know the new laws. It will also endanger settled jurisprudence on the old laws and open up all sorts of minor and major problems that currently do not exist. Whose then was asking for the change? Not the judges or police or lawyers or citizens, points out Aakar Patel.
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