Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
Challenges abound but innovation is key for new banks inorder to survive.
The Indian Institute of Science topped the HRD ministry's 2017 national rankings. In 2016, the IISc was ranked among the world's top 15 universities in the Times Higher Education University Rankings. In his book The Creation of Wealth: The Tatas from the 19th to the 21st Century, R M Lala recounted how Jamsetji Tata's grand vision and immense personal contribution laid the edifice of arguably India's finest educational institution.
If the judiciary loses this fight, it will suffer irreparable damage and all of us citizens will be the losers.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
I think we are just too complacent about our electoral system. There's a lot that is very wrong with it. But we continue to parrot the boring mantra of this being the greatest electoral exercise in the world. Things are not going to change. Next election let's just boycott the whole process en masse, says Sherna Gandhy.
Investors will maintain a cautious stance.
'What the government should do to create jobs is to help revive the MSME sector.' 'This sector gives employment to lakhs of people.' 'The MSME sector provides more employment than the big industries.' 'So, what should be done immediately is to revive the MSME sector.'
Arsh Ali's work is about getting reliable evidence about the ancient Buddhist link between India and Egypt, discovers Veenu Sandhu.
Here's a look at the events that shaped the world last week.
US India Business Council has urged New Delhi and America to take steps to strengthen bilateral trade relationship to realise their 'true business potential'.
Mr T V R Shenoy, who contributed columns to Rediff.com from its birth, passed into the ages on Tuesday evening. As we grieve and mourning his passing, Ambassador M K Bhadrakumar bids adieu to an unusual human being, a sage for our times.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
'...because we are truer to the spirit of the Hindu faith.' 'There is absolutely no question that the Hinduism of the mob lynchers, the people who have killed others because of what they are eating or how they are worshipping or the faith they belong to or what they're doing professionally, those are, to my mind, not Hindus at all.'
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
Maharashtra former chief minister Ashok Chavan, charge-sheeted in the Adarsh scam, on Wednesday looked set to be let off the hook, with the Central Bureau of Investigation moving a special court seeking approval to drop his name as an accused in the case following governor's refusal to sanction his prosecution.
When an accused gets attacked on the way to court, and again within the court premises, with no intervention by a judicial officer, which space is safe, asks Jyoti Punwani.
Suresh Prabhu must first work to repair damage to railways.
The Human Resource Development Ministry on Tuesday sought an explanation from the Aligarh Muslim University Vice Chancellor Zameer Uddin Shah over not allowing access to women undergraduates to the main library in the campus, with Minister Smriti Irani saying that it amounted to an 'insult to daughters'.
'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'
Urban mass transit authority to be set up; it will act as nodal agency for planning and coordination of project related works.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Nearly 30 per cent work on casting of the monumental bronze statue of Sardar Vallabhbhai Patel, billed as the world's tallest sculptural work, has been completed, says noted artist Ram Sutar.
Indian Americans speak up about the daunting challenges on the 16th anniversary of the tragedy.
India had its own battle over gauges.
China tops the list with 3.5 million, followed by Brazil with 918,000.
Retail investors have matured and have moved away from investing in only in-vogue products, says the managing director and chief executive officer of ICICI Prudential AMC.
Any correction in Indian equities is an opportunity for investors to put in money for the long term
Report card of the Narendra Modi-led central government for the first six months, on the basis of ratings by top CEOs, under key parameters.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
The Sebi Act deals with securities and the definition of securities, according to the Securities Contracts Act, doesn't include commodities.
Jaitley has managed the difficult feat of sticking to the fiscal correction.
'Let us also not expect that there will be a clean break with the past, much though the new government might like to think about it. In a functional democracy that is neither feasible nor desirable. But basic change it must be,' says Shreekant Sambrani.
With election campaign ending in Tamil Nadu before it goes to polls on Thursday, N Sathiya Moorthy lists a few questions uppermost in the minds of voters.
The RBI's projections for consumer inflation over the rest of the year indicate some acceleration, with the rate reaching eight per cent in its baseline scenario.
20 years ago this day, May 11, 1998, India conducted its second nuclear test at Pokharan in Rajasthan. In a fascinating interview on Rediff.com, K Subrahmanyam revealed how Indian PMs reacted to nuclear ambitions.
Partial dismantling of subsidies, movement towards a more transparent policy on natural resources and moves to make India more inviting for foreign investors, are some of Modi government's big achievements.
Family feuds, in what are essentially family-run outfits, have cast a shadow over the reunification efforts of Janata Party.
This is the second extension for the bids since June 18.
The bigger worry is that its effects could linger well into the next financial year.
