Countries with abundant resources are faring worse in terms of development than those with less.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
India will host the FIFA Under-17 World Cup football in 2017 with the world governing body awarding the right to host the prestigious tournament to the country in its executive committee meeting in Salvador da Bahia in Brazil.
The Enforcement Directorate has filed a fresh charge sheet, delving specifically into the role of British national and alleged middleman Christian Michel James and his few Indian associates, in connection with its money laundering probe in the Rs 3,600 crore VVIP chopper deal.
"For my government, engagement with the India community abroad has been a key priority," he said.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
He added that the risks can increase if the Chinese slowdown gathers more speed.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
India said it firmly believes that a peaceful and secure neighbourhood will yield "rich dividends" for SAARC nations.
'The Communist rule in Tripura was exceptional while it lasted for a quarter century in giving good governance.' 'The chief minister himself was the paragon of virtues in his dedication in public life.' 'But all that still didn't add up when the BJP's dream merchants came up with their famous 'development agenda'.' 'One thing that emerges indisputably in the Tripura election results is that needs and aspirations more or less narrow down to one little word -- jobs,' says M K Bhadrakumar.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
India's real GDP growth is set to exceed 7 per cent for CY-2015.
The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.
Now candidates can appear for NEET any number of times.
Move comes after the country's monetary authority tightened credit norms
The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
The Raghuram Rajan committee report for evolving a composite development index of states, submitted to the finance ministry today, has a note of dissent from member Shaibal Gupta.
Investigators from the National Investigating Agency have found that the bombs used in the August 25, 2007 Hyderabad blasts that killed 42 people, were prepared in the heart of Mangalore city, and the finances came from a dedicated network in Saudi Arabia. Vicky Nanjappa reports.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
Congress president Sonia Gandhi's close aide Vincent George on Monday got some relief from the Delhi high court which stayed trial court proceedings against him in a 12-year-old disproportionate assets case.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
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The rupee on Friday touched an all-time low of 62.03 to a dollar, spooking the equities market and dragging the Sensex down to 18,621.39 in the afternoon.
Licence winners are expected to be announced by the first quarter of 2014.
A Collection of Services Trade Statistics Act is being thought of.
The Central Bureau of Investigation has faced the ire of a special court which imposed Rs 10,000 cost on it for "unnecessarily" delaying the proceedings by not appointing a prosecutor in the 2006 Naval War Room leak case in which five persons, including three former naval officers and an ex-Wing Commander, face trial.
Higher interest rates in the US do not necessarily coincide with capital outflows.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
'A change of government will bring about a lot of changes because everything is frozen for the last two years. So, the frozen energies of India will be released.' Swadeshi Jagran Manch convenor Swaminathan Gurumurthy discusses the Modi phenomenon with Shobha Warrier/Rediff.com
Ahead of his talks with the Emirati leadership, Prime Minister Narendra Modi has said the Gulf region is vital for India's economic, energy and security interests.
Amid escalation in violence in a number of Gulf countries, India on Thursday expressed deep concern over the rise of fanaticism, extremism and terrorism in parts of the Arab region, saying they are tearing apart the fabric of societies as well as affecting regional stability.
'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
Non-reporting of overseas income by employers may be categorised as 'abetment' under the Act.
Whatever the critics may say, the numbers suggest that India continues to be a favourite destination for foreign investors.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
Over the years, pravasis have become a constituency, to be tapped, cultivated, and honoured, or at the very minimum to be listened to, says Ambassador B S Prakash.
Bhupendra Kumar Modi is the founder of $2-billion Spice Group.
Launching a fresh attack on Defence Minister A K Antony, Narendra Modi on Tuesday charged that the country's defence had suffered seriously during his stewardship and said he owed an explanation to the people for this.
