'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.' 'We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance minister had the DMK won.
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.
Urjit Patel said said the process of remonetisation was on and estimation of costs was a complex exercise.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
Union Finance Minister Arun Jaitley explains the future of the Land Acquisition Law in India
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
Union ministers said Parliament passing over two dozen Bills was evidence of increased productivity of Narendra Modi government 2.0.
Parliament proceedings were adjourned for a second day on Monday over the insinuations by Prime Minister Narendra Modi against his predecessor Manmohan Singh.
The rules are being framed to maintain absolute transparency and fair play in investigations.
Lalu handled the obstacle of 'departmentalism' with ease.
'People have realised they bought into the prime minister's package and it is empty.'
The run-up to next year's general elections might see some of the top executives of government-run companies getting unlucky. And, the period could become the best in the lives of those waiting in the wings.
The man who could well have been a high-level corporate may have to content himself being deputy chief minister. But other challenges await.
NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.
The 41-year-old 'young gun' travelled the length and breadth of the state to strengthen the party at the grassroots level and ensure its comeback.
The ministry has proposed similar penalty and jail term for adulteration, besides license suspension and cancellation
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Cabinet likely to pave way for the 'super-rich' tax today.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
As a politician, Yadav is amiable and a consensus-maker, not hamstrung by dogma.
Select committees on Mines and Minerals Amendment Bill and Coal Mines Bill recommended their approval without any change
The two leaders reaffirmed that the United States and India 'will take concerted action against all terrorist groups, including groups proscribed by the UNSCR 1267 Sanctions Committee'.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
'Willing to spend is different from when to spend and how much to spend'
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
Jaitley promised the states that they would be fully compensated for any loss of revenue arising from implementation of GST.
The resolution praised Prime Minister Narendra Modi's leadership and accused the opposition of 'opportunism' and a mindset of 'extreme hate'.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
Currently, the select committee is considering the Bill.
The Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent, with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
While the Congress will firm up its strategy once the ruling alliance tables the Bill, initial comments by its leaders have been encouraging.
His likable boy-next-door face and casual approach to public speaking have a unique appeal for the younger generation, but it stops there, observes N Sathiya Moorthy.
Offering an olive branch to the Opposition to get the GST bill passed, Finance Minister Arun Jaitley on Thursday said that Prime Minister Narendra Modi is willing to speak to everyone to get the landmark indirect tax law through.
To enable widen the fiscal deficit beyond the permissible limit under the present legislation, the government may have to propose amendment to the FRBM Act in the Finance Bill.
India-China relations have always attracted Parliament's attention and there have always been useful and productive and constructive discussions how to engage with China, notes Rup Narayan Das.
Projects worth Rs 500 crore and above and up to Rs 1,000 crore can be cleared by the Finance Minister.
Parekh ensures that he never forgets the importance of correctness.
Jaitley keen to uplift the insurance sector.
Accusing the Congress of creating obstacles in the path of growth and economy, he declared that the government would try to get the bill passed with the help of parties
Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.
