In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
'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 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.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
Could get $8.4 per mmBtu from April 2014 by furnishing bank guarantee that would be encashed if D1, D3 gas hoarding proved
The government on Friday said in Rajya Sabha that it is "not in favour" of abolishing the capital punishment considering the "prevailing circumstances" in the country.
Double centuries by in-form Baba Aparajith and Manish Pandey helped South Zone amass 553 for 7 against West Zone on the second day of their four-day Duleep Trophy quarter-final in Chennai on Friday.
A round-up of Ranji matches played on Monday
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
"I think the Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed," Naushad Forbes, president, CII.
Going by its past experience of differences between the central bank and the finance ministry, the government might prefer a person who could bridge this gap.
Stoutly defending the hike in gas prices, Oil Minister M Veerappa Moily said the move would benefit the government in terms of revenue as many gas discoveries have been made by public sector companies rather than private sector.
Banerjee feels that as long as Sonia Gandhi is the leader of the Congress Parliamentary Party, she should be the undisputed leader of a united front of opposition parties, reports R Rajagopalan.
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Raghuram Rajan, who took over as RBI Governor on September 4, is scheduled to unveil on Friday mid-quarter monetary policy review, an event keenly awaited by industry and banks.
Round-up of the Ranji Trophy matches being played in different parts of the country.
Parliament proceedings were washed out for the fifth straight day, as members from parties including the Telugu Desam Party and the All India Anna Dravida Munnetra Kazhagam, continued their protests on various issues.
EC on Monday asked the government to defer notifying doubling of price of the fuel produced by companies such as Reliance Industries till general elections are completed.
The terms are the same as those suggested by a panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan for awarding future oil and gas block contracts.
Ranji Trophy giants, Mumbai, pulled off a thrilling one-wicket win over Tamil Nadu despite visiting skipper Dinesh Karthik's brilliant 167 in the first innings of the Group 'B' league encounter, in Mumbai, on Sunday.
A round up of the second day's play from the Ranji Trophy games being played across the country.
Narendra Modi's landslide victory gives him the mandate to deregulate diesel prices as well as raise natural gas rates with a clear road map towards free pricing to cut subsidies and shrink the budget deficit.
This has spelt trouble for the mills. Most of them are unable to pay the farmers.
Punjab rode on a solid batting display to post a massive 560 for 6 declared before reducing Odisha to 110 for 2 in their second innings on Day 3, in their Group A Ranji Trophy match in Mohali on Tuesday.
Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.
Last week, RIL and urea companies failed to settle the key terms of gas supply from April 1 upon expiry of the five-year contracts that priced gas from the eastern offshore KG-D6 fields at $4.205 per million British thermal units.
The demand was raised during a debate on the Constitution (123rd Amendment) Bill 2017 in the Upper House, which was passed by the Lok Sabha on August 2 superseding the amendments earlier carried out by the Rajya Sabha.
The global rating agency expects the economy to pick up in the next two financial years.
This is the first meeting chaired by Gandhi after relinquishing the post of Congress president last year.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
Hike would have led to higher cost of fertiliser, electricity and even CNG.
Riding on unbeaten centuries from K L Rahul and Karun Nair, defending champions Karnataka took firm control by finishing day two on a comfortable 323 for five in the Ranji Trophy final in Mumbai.
The move is likely to force the government to take a faster decision.
Subbarao's remarks come against the backdrop of Finance Minister P Chidambaram's assertions in recent weeks that RBI should not focus solely on containing inflation but also look at the larger mandate of growth and job creation.
Many stalled projects are about to get going again, providing potential relief to banks, says T N Ninan.
The Trinamool Congress sought complete withdrawal of the NRC, alleging that Indian citizens have also been left out of the final draft.
RBI is expected to cut policy rates by 50 basis points by 2016.
The cost of CNG, which will be reduced by up to Rs 15 per kg in the next few days following a rejig in natural gas allocation, will go up by Rs 10.6 a kg in April, when domestic gas prices almost double.
The defendants charged with paying the bribes and kickbacks are Sarvesh Dharayan, Sanjay Gupta, Venkata Atluri, Rangarajan Kumar, Vadan Kumar Kopalle and Daren Siriani.
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