Religion matters. Aspirational India is still poor. India admires strong leaders. India values decency. Shreekant Sambrani highlights the reasons why the BJP pulled off improbable victories in the Hindi heartland.
Reserve Bank of India Governor Y V Reddy on Thursday said the central bank is keeping a "close watch" on inflation, which is expected to be well below 5.0-5.5 per cent at the end of the current fiscal.
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
The Reserve Bank of India has introduced a new series of 'star' banknote, which will be issued in Rs 10, Rs 20 and Rs 50 denominations to replace defective notes in various series.\n\n
The construction sector is now India's second-largest employer after agriculture, the trend coinciding with India's high-growth phase and decline in poverty levels
The Congress vice president took to Twitter asking the prime minister as to whom had he consulted before taking the decision and wondered as to why were "experts, economists and Reserve Bank of India not consulted".
During an interaction -- Shiksha: Dasha Aur Disha -- with university students at the Jawaharlal Nehru Stadium, Delhi, he also alleged that the country's wealth is "concentrated" in the hands of "a few people".
"It is about time that India and its institutions are protected from these 'institution wreckers'," said Jaitley.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
'Prime Minister Modi doesn't talk to me. He meets and says in monosyllables'
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
There are lessons for the Congress to learn from the Karnataka elections of how burying the hatchet among top leaders and not washing dirty linen in public can help, says Ramesh Menon.
The cumulative loss of salaried jobs since the pandemic is even larger at 12.6 million, reveals Mahesh Vyas.
Urjit Patel, Binny Bansal, Nirav Modi and Rahul Gandhi personify the big trends that defined 2018. Well, almost...
The Congress president said the PM should apologise for the note ban decision.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
According to the RTI reply, absconding diamantaire Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore. This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore. Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies to default on the payment. Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.
"India has given a stern signal to its enemies by conducting surgical and air strikes. This tells us that India is changing and can take the most difficult decisions and isn't reluctant to implement them," Prime Minister Narendra Modi said on Sunday in his Independence Day address to the nation.
This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13
Lenders had filed 1,251 cases to recover Rs 24,765.5 crore. Wilful defaulters are the entities that do not pay back money despite the ability to do so. Defaulters above Rs 1 crore were considered for this exercise.
Cautioning that there will be social and psychological consequences for the rest of the country too, Guha said the migrant tragedy could have been averted or at least minimised if Prime Minister Narendra Modi had given them a week's notice to return home before the lockdown kicked in.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
Gandhi stepped up the attack a day after Bharatiya Janata Party intensified its "Main bhi chowkidar" campaign with Modi and other party leaders, including its president Amit Shah prefixing the word chowkidar to their names in their Twitter profile.
The former Union minister alleged that the government is "intolerant to the slightest criticism".
Among possible new members, former chief economic advisor Arvind Virmani's name is doing the rounds.
The sudden move to demonetise Rs 500 and Rs 1,000 currency notes is not new. Rs 1,000 and higher denomination notes were first demonetised in January 1946 and again in 1978.
Bharatiya Janata Party leader Subramanian Swamy on Sunday once again attacked Raghuram Rajan on the monetary policy, over a month after Prime Minister Narendra Modi had disapproved of his criticism of the Reserve Bank of India chief.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
As the Modi government enters the fourth year of its tenure, it is looking more confident, shedding its earlier inhibitions about offering sops or new opportunities to big business, says A K Bhattacharya.
It may well be possible to defeat Modi. But nobody seems to know how, points out Vir Sanghvi.
Opposition leaders plan to go to the people to create awareness, as well as protest the "erosion of RBI's credibility" in Parliament, in the coming days and weeks to build public opinion against the Modi government's move to take away the RBI reserves, reports Archis Mohan.
He said it will be 'foolhardy' to diminish institutions for short-term political gains.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
The Congress chief said if his party is elected to power, its government would spend 6 per cent of the GDP on education.
Rahul attacked Modi and BJP, alleging that 'politics of divide and polarisation is radicalising people in India'.
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