Subramanian Swamy said if income tax is abolished, middle class will deposit money in banks which can be invested in manufacturing.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
The BSP chief said Uttar Pradesh, which is India's largest state, will decide who will be the next prime minister.
A glance back at some important events that occurred in 2018.
If the challenge of the government is to regain the confidence of the minorities, it has to first overpower its own unruly gangs and their heroic masters, says Sunil Varghese.
The inquiry by will not deal with the allegations of sexual harassment against the CJI.
The apex court had last month handed over the case to CBI and asked the state governments to provide all logistical help to the CBI team probing the matter.
Seeking to give a big push to the Lokpal Bill, Congress vice-president Rahul Gandhi on Saturday appealed to all political parties to support the legislation saying it is a "very very powerful instrument" in the fight against corruption.
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta.
The apex court had on February 14 convicted current All India Anna Dravida Munnetra Kazhagam chief V K Sasikala and two others in the case while abating the proceedings against Jayalalithaa as she had died.
The Supreme Court appointed Special Investigative Team, which is looking into the black money cases, on Thursday said it will go after the offenders "big or small" but also made it clear that the confidentiality of account holders abroad will not be violated.
The unity by the opposition parties is likely to reflect inside Parliament as well.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
The coal-scam has taken an important turn as the Central Bureau of Investigation has charge-sheeted former bureaucrat P C Parakh and industrialist Kumarmangalam Birla. The next big thing is to see that if the coal-blocks allotted, fraudulently, are cancelled or not either by Supreme Court or by the government as pre-emptive action.
The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election
The 47-year-old Gandhi is on a three-day trip to Singapore and Malaysia during which he will meet Singapore Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak, besides interacting with the Indian community, and business leaders.
The apex court asked the CBI to complete its probe in the accident case within 7 days.
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
Notwithstanding the hype created by Bharatiya Janata Party about Narendra Modi, its ally Shiv Sena on Friday did not appear to be enthused about projecting him as National Democratic Alliance's prime ministerial candidate in the next Lok Sabha polls.
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
In their review plea, they alleged that the judgment "relied upon patently incorrect claims made by the government in an unsigned note given in a sealed cover" to the apex court.
'I have never seen anybody disliked more as prime minister than Modi.' 'What is interesting is in his prime ministership, no matter whatever happens in any corner of India, Modi is blamed for it.' 'Modi has not suspended any Constitutional liberties. No Opposition leader has been put in jail... Modi is not Hitler.'
'Modi remains the most popular politician in India; the BJP's organisational and fundraising prowess is considerable; and the Opposition, while newly collaborative, has no leader or clear economic messaging as of yet.'
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
The bench said it will take up the matter for hearing on Thursday.
'This is India, bhai. This kind of country does not exist anywhere in the world.'
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
Does the Union government or the RBI see itself as Krishna beheading Shishupal and what will constitute the 101st or indeed the past many sins for which a Sudarshan Chakra will have to be used? More importantly, what are those sins?
Budget 2015 has blessed the banking sector.
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
Prime Minister Narendra Modi and visiting Turkish President Recep Tayyip Erdogan held comprehensive discussions and took stock of full range of bilateral relations, including political and economic.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
Given that it is only a temporary breather for PSBs, the government now needs to look at the harder options.
Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.
'Normally, the system is geared towards counting notes -- it is equipped to do x amount of work and one day you are asking them to do 20 x.' 'The processes involved are very complex.'
With inflation figures expected to be well within RBI's target, there may be room for further rate cut.
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