From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc, have temporarily and purposefully pulled us back only to propel us forward with greater velocity, Rajiv Memani.
The 58-year-old businessman, who is also the son-in-law of former Karnataka Chief Minister SM Krishna, has been missing since Monday evening from Mangaluru.
'It is important to improve the quality of spending.'
Prominent Dalit leader Udit Raj joined the Bharatiya Janata Party on Monday which said it believed in inclusive growth and the welfare of the last man in the queue and accused Congress of causing disparity in the society during its rule.
As protests against the Agnipath military recruitment scheme intensified, the Army, Navy and the Air Force on Friday announced that they will start the enrolment process under the new model by next week while Defence Minister Rajnath Singh appealed to the youths wanting to join the armed forces to start preparing for the induction.
The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.
India skipper Virat Kohli, on Friday, suggested country's athletes to have a firm belief in their dreams and work tirelessly to achieve those.
Are we creeping back to controls on corporate decision making? Three moves over the past eight months reinforce this notion, says Kanika Datta.
Karnataka Chief Minister Siddaramaiah has been persuaded to agree to a Central Bureau of Investigation probe into IAS officer D K Ravi's death.
Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).
The national capital is expected to continue receiving moderate rainfall with some isolated intense spells for the next 24 hours, the India Meteorological Department said on Monday.
Company says faults, which were noticed soon after system upgrade on March 27, have been rectified
Indian economy about to take-off
The heavy industries ministersaid that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely very soon.
The Indian-American community in the New York-New Jersey-Connecticut tristate area is being targeted by telephone fraudsters.
Clean energy cess to hike cost for power sector.
Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
Congress MPs approach PM to protest against Chidambaram's public remarks on blaming Mukherjee for economic crisis.
'If the current mood in North Block, headquarters of the finance ministry, is anything to go by, the government will now keep a closer watch on all kinds of schemes and projects undertaken by different central ministries. 'The next six months will determine which central schemes will have to be wound up and which ones will survive the axe,' says A K Bhattacharya.
In private, AIADMK spokespersons say that the raid on Chief Secretary P Ramamohana Rao might be aimed at weakening the AIADMK, and demotivating the party from selecting/electing Jayalalithaa's confidante, Sasikala Natarajan, as her successor -- first as party head then possibly in the government, says N Sathiya Moorthy.
President Ram Nath Kovind on Monday appointed Chandra as 24th CEC on Monday.
The Gupta brothers are accused in South Africa of using their relationship with former president Zuma to profit financially and influence senior appointments, charges that they have vehemently denied.
The searches, they said, are related to the department's probe in the biggest haul of cash and gold in Chennai post demonetisation.
The Supreme Court said on Thursday that it will hear "as and when required" a public interest litigation challenging the government's notification authorising 10 central agencies to intercept, monitor and decrypt any computer system.
Shares of hospital operators, health services providers and insurers rallied broadly
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
The Zakat Foundation of India runs welfare initiatives for the destitute and helps with the education of poor students. Upasna Pandey/ Rediff.com discover the origins of this organisation
The order in favour of Vodafone is being considered significant because some domestic companies too are involved in similar transfer pricing cases.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
The extension has been given as the government wanted to ensure that genuine beneficiaries who do not have an Aadhaar number are not denied benefits for the lack of the biometric identifier
The Central Bureau of Investigation (CBI) will soon quiz Securities and Exchange Board of India (SEBI) Chairman U K Sinha as well as former head of the regulatory body M Damodaran in connection with a Preliminary Enquiry (PE) to probe granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX-SX.
There is mutual invoice matching which ensures reason why GST was brought in first place, says Adhia.
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As per the FIPB agenda, the proposal will be taken up on October 18.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
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The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.
Rishi Sunak, the former UK chancellor of the exchequer, on Friday formally launched his leadership bid to succeed Boris Johnson as the new Conservative Party leader and future British prime minister.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
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