While some companies used that to become world leaders, others squandered it by over-borrowing.
The Land Acquisition Bill, passed by Parliament last month, will either make projects unviable or expensive for large infrastructure or real estate projects.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Here's a list of the favourites of the billionaires.
Nearly two decades ago, then defence minister George Fernandes said: 'China has built roads up to the border, while there has been negligence on India's part.' Since Fernandes uttered these brave words, what has been done on the Indian side? The Modi Sarkar is apparently trying, but little has been achieved so far, says Claude Arpi.
The defence ministry needs to focus keenly on "Made in India" projects without being distracted by "Make in India" slogans, says Ajai Shukla
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Global disinflation has finally caught up with India's high-cost economy.
Toni Kroos struck with a fierce long-range shot a minute from time to give Germany a 1-0 victory over Spain in a friendly between two injury-depleted European heavyweights in Vigo on Tuesday.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
The Planning Commission has not been central to the policy making process since the mid-1960s, says Nitin Desai.
Finance Minister Arun Jaitley presented the Union Budget.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'
There comes a moment in all great sporting careers when the puzzle fits together and for Kei Nishikori it arrived on a sweltering early September afternoon in New York.
M R Venkatesh, chartered accountant turned political commentator tells Shobha Warrier/Rediff.com that Modi's war is not against the opposition parties or the Congress but against the bureaucracy and the establishment.
'In the newsroom, the thought process is about understanding the story and trying to look beyond the obvious. The fiction-writing process is similar in many ways but more internal.'
CRPF troopers confront loneliness, poor network connectivity, poor work conditions, dismal work-life balance, and immense psychological stress.
Of all the other cities in India, Bangalore is one city, where you can actually walk around and take in the crowd and confusion, says Sumit Ganguli.
Mohandas Pai took part in an hour-long chat on rediff.com
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
The propaganda aspect of the movie -- despite it stemming purely from the writer's deepest convictions -- is a clincher for it is highly unlikely that you'll walk out of a screening of Talvar saying, 'I loved the movie, but I still think the parents are guilty.' If you are swept away by the power of the movie, it's also sure to swing your perception in a certain direction,' says Sreehari Nair.
Here's your weekly digest of the craziest and funniest stories from around the world.
Indian billionaires do not believe in sitting on their wealth.
Hers is a rags-to-riches story for the ages, peppered with risks, determination and strokes of luck.
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
President Pranab Mukherjee on Thursday addressed the nation on the eve of the 68th Independence Day.
The Sochi Winter Olympics are meant to be Vladimir Putin's crowning achievement as Russian leader but are in danger of becoming a symbol of his country's problems.
The Aam Aadmi Party (AAP) has to deal with 3 powerful enemies: the media, the political establishment, and business houses.
They broke free yet failed to evade the clutches of law.
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
'The real test will be in defence-related deals, for instance the Javelin anti-tank missile: Is the US willing to co-develop something with India, on terms that will support the 'Make in India' initiative? Is there defence technology transfer? Or will it dump old junk on India?' asks Rajeev Srinivasan.
'If fame, money and comfort are the only factors that drive us, then we are playing cricket for entirely the wrong reasons.'
Besides a great idea, it takes pluck, and some luck, to get going.
'I like the thought that I am competing successfully with writers much younger than me,' says Ruskin Bond.
'Even if Akhilesh Yadav opens up the entire state treasury for us we will not vote for the Samajwadi Party... ''...I don't want to return to my village, my head will be chopped off. They want me to press the button on the lotus.' Caught between an aggressive BSP cornering Dalit votes and the BJP cornering other Hindu votes, the Muslims of Muzaffarnagar have nowhere to go, no one to turn to. Rediff.com's Sheela Bhatt presents the grim situation on the ground in western Uttar Pradesh.
Indian economy about to take-off
