The Economic Survey was tabled in the Parliament on Friday.
The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
Here is a closer look at politicos who have emerged victorious in the electoral contest of five state assemblies.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
'There is no change in the overall story of economic recovery.'
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
In the first part of an exclusive interview with Sheela Bhatt/Rediff.com on the eve of the first year of the Narendra Modi-led NDA government, BJP President Amit Shah talks about the government's achievements and the controversy over the land ordinance.
The State must stand as a solid tower of confidence to provide a guarantee of safety to its citizens and instill fear in the hearts of offenders. But where is that State, asks Tarun Vijay
Despite criticism of a lack of transparency and communication from the Modi-led government, BJP leaders point to "good beginnings" on several fronts to defend its performance. Sheela Bhatt/Rediff.com reports.
On Monday, soon after the election results were out, Ambassador T P Sreenivasan contributed a column to Rediff.com, 'Lessons for Shashi Tharoor from diminished victory', to which the newly re-elected MP from Thiruvananthapuram responds.
Prime Minister Narendra Modi, who recently completed one year in office, has, in an exclusive interview with Smita Prakash, editor, ANI, said the opposition alleging that his government is a "suit boot ki sarkar" is definitely better and more acceptable than being labelled a "suitcase" (ki sarkar), and satirically added, that after ruling for sixty years, the Congress has suddenly remembered the poor.