The new CM said the coalition government will work for the people and was not here to fulfil personal interests.
Other income stood at about a quarter of PBIDT in the first 9 months of 2013-14
'The BJP portrays a make believe world.' 'The Tripura victory is being seen by some as a result of bahubal and money power -- but that would be a very simplistic explanation.' 'Money and muscle power can play a role up to a point, but the BJP's victory is remarkable because it replaced a party that was in power for 25 years.'
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks.
Reduced to a mere shell of its former glorious self, it now mechanically sticks to the form while substance was frittered away a long time ago, says Virendra Kapoor.
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
Crores of new currency notes continue to tumble out of lockers and hidden locations as authorities conduct raids and searches across the country.
'Its internal economic rot and corrupt political elite have made the resurgent supremacy of the military establishment more invincible,' says Sunil Sethi.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Rediff.com meets a family that longs for "a very nice man" who, alas, will never return.
'Amid the different versions of truth on the Ishrat case, what is certain is that Ishrat's mother Shamima Kausar, who has continued to maintain that Headley's confession was nothing but an attempt by powerful people to save themselves in the case, is unlikely to find a closure anytime soon.'
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Because of corrections in property prices and oversupply in the office segment, the rich are investing in hospitals, warehouses, ATMs and other alternatives to traditional investment options.
'He has terror charges against him. And for an army officer, it's just terrible.'
Clauses on land return, action against officials diluted
Speaking at the inauguration and laying of foundation schemes of various schemes, Modi said, Leh and Ladakh will also be benefited by this.
The Prime Minister's Office has made clear Modi's wishes that the reception planned for him at New York's famed Madison Square Garden should not carry the imprimatur of any community organisation, but be under the auspices of a 'Reception Committee for the Prime Minister of India.' Aziz Haniffa/Rediff.com reports.
AIADMK's Jayalalithaa won three assembly by-elections from her hospital bed. However, the DMK heir's decision to disempower second-line satraps, who were running personal fiefdoms in their districts, and his fresh approach, could prove beneficial in the next polls, observes N Sathiya Moorthy.
Indrani looked cheerful and upbeat and announced she had quite recovered from her wounds...
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
The government told the high court of its decision to file a special leave petition in the Supreme Court to appeal against the acquittal.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
Sahara relied on a letter from bank saying the funds were there.
James Wilson tracks down discrepancies in the much-hailed demonetisation policy and the subsequent statements of the government and the Reserve Bank of India.
High savings, aggressive asset allocation and a frugal lifestyle can help you hang up your boots a decade early.
'Khadi is my passion. The only idea behind this start up is to promote and popularise khadi.'
'There is more that is common between Arvind Kejriwal and Kiran Bedi than what might separate them. In fact, what divides them can be spelt out in just two words: Clashing ambitions.'
The entire selection process of the IOC chairman was shrouded in mediocrity and mystery.
People elected me to fight corruption, I'm doing what they told me to do, Modi said.
An industry of scamsters is operating in the guise of call centres in India.
'Alas, in this scheme there is nothing to stop the black money flows of the future.' 'On the contrary Modi has sown the seeds of more, through the issue of Rs 2,000 notes.' 'But have you heard one politician decrying this aspect of the scheme?' 'They must be secretly rejoicing that while Modi is taking away their past, he has not shut the door on their future,' says banker S Muralidharan.
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.'
Subrata Roy is in jail since March last year.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.' 'We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance minister had the DMK won.
After ten minutes no one could keep track of the legal team's questions on the geography of the route Sandeep Patil took on his Pulsar Bajaj motorcycle, on the morning of April 25, 2012. Not the judge. Or the onlookers. Least of all Patil.
'If standing in a bank or ATM line is a test of patriotism, why is not a single leader standing in that queue too?'
'2 hours and 20 minutes later, I walked out of Sachin: A Billion Dreams learning not one additional thing about Tendulkar: Not one factoid, not one statistic.' 'Maybe it's convenient filmmaking, or maybe just the essence of God,' says Sreehari Nair.
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