The government on Tuesday extended the term of Twelfth Finance Commission by five months till December 31 this year.
The Twelfth Finance Commission is ready with its report and has sought time from the President to submit the recommendations, its chairman C Rangarajan said on Saturday.
Planning Commission had got into a big controversy on this issue.
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The stock market responded to his speech by going up by over two per cent; the rupee also gained in strength, by about 1.45 per cent, against the dollar.
RIL, which has faced numerous delays in getting approvals and shifting goal-posts, said the country did not have a stable policy regime and this was responsible for exit of global energy giants like Royal Dutch Shell, BHP Biliton of Australia, Statoil of Norway and Brazil's Petrobras.
The mood at the Indian Institute of Management, Ahmedabad (IIM-A) is festive, with one of its alumnii, Raghuram Rajan taking over as the next Reserve Bank of India (RBI) governor.
Andhadhun is a stunning, comic, grisly, absurd, intense, cold, crazy and must-watch, raves Sukanya Verma.
'Tax cuts will have only marginal effects in the short run and significant positive effects in the medium term,' says Shankar Acharya, former chief economic adviser to the Government of India.
The Twelfth Finance Commission on Monday warned that rising fiscal deficit of the Centre and the states at over 10 per cent of GDP in 2002-03 may have an "adverse" impact on debt, developmental expenditure and growth.\n\n\n\n
Having taken a huge first innings lead, defending champions Karnataka are on course for an outright victory over Tamil Nadu after reducing them to 113 for 3 in their second essay on Day 4 of the Ranji Trophy final, at the Wankhede Stadium, in Mumbai, on Wednesday. Earlier in the day, Karnataka posted a massive 762 in their first innings in reply to Tamil Nadu's paltry 134.
Skipper Vinay Kumar took five for 34 as defending champions Karnataka skittled out Tamil Nadu for 134 on the opening day of the Ranji Trophy cricket tournament final, which saw 14 wickets tumble at the Wankhede stadium in Mumbai on Sunday.
Rajan will evolve a policy with the help of professional persons for a national consensus if we have to carry on with implementing social and economic changes in a complex economy.
Govt notification on $8.4 a unit price likely by month-end
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
BJD MP Baijayant Jay Panda has written that 'reforms must reduce the Rajya Sabha's power to block the popular mandate'
Protesting Congress members had on Tuesday too blocked a debate on the bill. The monsoon session ends on Thursday.
Commerce and Industry Minister Nirmala Sitharaman told the Rajya Sabha 'the government is absolutely sensitive and seized of the matter'.
Shah defended the government for not filing an appeal against the acquittal of all four accused, including the radical right-wing's Swami Aseemanand, in the 2007 Samjhauta Express blasts case.
Leaders of 23 political parties met Chief Election Commissioner Sunil Arora and Election Commissioner Ashok Lavasa, seeking redressal of the issue of alleged tampering of electronic voting machines before Lok Sabha polls.
'If there is an RBI majority in the committee, there is no question of a veto.'
V P Duraisamy's exit will in no way upset the poll scene in western Tamil Nadu, says N Sathiya Moorthy.
All you need to know about the Winter session of Parliament.
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The number of poor in the country declined to 27 crore (270 million) in 2011-12, from 40.74 crore in 2004-05, Minister of State for Planning and Parliamentary Affairs Rajeev Shukla said on Wednesday.
Shriya Rangarajan has come a long way from the comforts of the western world.
There is lack of scientific basis in computing the poverty line, says govt.
PM Modi on Sunday called upon states to "speed up capital expenditure and infrastructure creation" to spur economic growth.
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The food inflation in July softened to 11.24 per cent from 11.84 per cent in the previous month, according to the official data released on Monday.
"I would hope that the government would very respectfully request him to continue for one term or my preference would be two terms," Narayana Murthy said.
Rajya Sabha Chairman M Venkaiah Naidu announced in the House that the election will be held at 11 am on August 9.
'The Modi Model we see now is still the old Gujarat Model.' 'But with an acknowledgement that governing India is more challenging than governing Gujarat,' notes Shekhar Gupta.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
The data profiles the country's rural households.
The price of vegetables in general rose by 77.81 per cent making life difficult for the common man.
Reliance Industries Ltd (RIL) on Wednesday asserted in the Supreme Court that it did not receive any favour from the government in the contract for exploration of oil and gas from Krishna-Godavari basin.
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