RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
The Prime Minister's Office has clarified that the total sanctioned strength of the PMO has been around 525 in the period 2011-14. As against this, the actual strength of the PMO in the years 2011, 2012 and 2013 was in the range of 407 to 411. The number has now declined to 385.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
'People have a certain perception about my political leanings -- and rightly so.' 'But I am an actor first, and then an activist.' 'And I am not an accidental actor.' 'There was no way I was going to be dishonest with my acting,' Anupam Kher tells Veenu Sandhu.
A weak and troubled United Progressive Alliance government has stumbled badly by issuing the ordinance to counter the fine judgment by the Supreme Court that forces the disqualification of lawmakers convicted for a criminal offence punishable with a jail term of over two years.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
We're behaving like frogs in warm water. We swim around untroubled, cooled by our faith in Indian liberal democracy. We are blind to the bubbles popping around us, the bubbles warning of fundamental changes, says Mihir S Sharma.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Deadlock in Rajya Sabha continued for the fourth day on Thursday as opposition kept demanding a reply by Prime Minister Narendra Modi on a debate on religious conversions, which the government steadfastly rejected.
Legislators, bureaucrats feel an impact, with works relating to their constituencies stuck at various levels.
Scandal-plagued FIFA postponed the bidding for the right to host the 2026 World Cup.
Reliance Infra-backed BSES discoms on Tuesday criticised the Delhi government for recommending to power regulator Delhi Electricity Regulatory Commission to revoke their licenses, saying the proposal was "arbitrary" and "illegal" and will be a huge setback to power sector reforms.
'The Opposition has no option but to make it an 'All versus One' fight to even think about winning.'
Amid talk of Congress preparing to project Rahul Gandhi as its prime ministerial candidate, Union Minister Manish Tewari on Tuesday said the party vice president is its "natural leader".
'Sonia Gandhi can't rejuvenate the party, her heir is fodder for stand-up comedians, and nobody in the Congress has the guts to question the Nehru-Gandhis.'
The linking of biometric UID/Aadhaar number to all public services makes "We, the People of India" worse than slaves, says Gopal Krishna.
'I am doing all this for the students of Kerala, and when they come and hit me, it is very frustrating.' 'My regret is that something that could set off for the future has been thwarted.' 'We have not changed the syllabus for decades, we have not accepted norms in education and technology is hardly used. Today's students are studying what I studied decades ago.'
More than 11 million Non-Residential Indians and 20 lakh defence and paramilitary personnel will soon be enrolled in electoral rolls with the government on Wednesday setting the ball rolling for exploring ways for facilitating electronic voting for them.
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
Prime Minister-designate Narendra Modi can and will downsize the government, and the Union Cabinet could be cut by half its present size, Bharatiya Janata Party leader and former Union minister Arun Shourie reveals as explains what could be the new PM's masterplan ahead of Cabinet formation in an exclusive interview to CNN IBN.
The Congress president questioned the government over unfulfilled promises and questioned the Rafale deal.
If the BJP is waiting for a better assessment about the assembly polls, the Congress is doing the same to see if it should club the 2014 Lok Sabha elections with the assembly polls. says Anita Katyal
21st century may have witnessed expansion of higher educational institutions, but who can afford it? Sushree Panigrahi & Jeet Singh look at the numbers.
'In his 2014 election campaign, Mr Modi had boasted that he would apply the Gujarat model to the rest of India. We just have to ensure he doesn't start with Parliament,' says Shashi Tharoor in this fascinating excerpt from his new book, The Paradoxical Prime Minister: Narendra Modi And His India.
The Ganga agitation and the question of preserving the Himalayan ecology has become a deadly cocktail of politics and religion. Behind the scene, of course, at play are powerful business interests. What is needed is an independent scientific assessment of the problem and preparation of a blueprint for preservation of the Himalayan rivers and associated ecology, says Dinesh C Sharma.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
With months to go for the Karnataka assembly elections, the man in the hot seat, Chief Minister Siddaramaiah says he'll make billionaire jeweller Nirav Modi and the Punjab National Bank scam an issue in the upcoming Karnataka elections . In an interview to CNN-News18's Deepa Balakrishnan, the CM also says that Hindutva is not a campaign issue in the state.
Former Delhi Chief Minister Sheila Dikshit may not be contesting the assembly polls, but she is very much in the thick of preparations for the Congress. Dikshit tells Kavita Chowdhury that she is not interested in any post in Delhi politics but does not rule out a role at the national level in the future.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
Populations of cities are rising, more are coming in because cities continue to attract people for jobs and because of increased economic activity. One standard question would be: What is the government doing about this?
After Bihar elections, Rahul Gandhi's go-it-alone strategy seems to have taken a back seat.
The founder of the Republican Hindu Coalition first attracted attention in the US as the "Punjabi tycoon" who was a huge supporter of Narendra Modi in the US. 'He will be best for India. There is no better ally for the US than India in the region,' Shalabh Kumar tells Rediff.com's Vaihayasi Pande Daniel.
Lalit Modi's interview with television news channel explaining how Vasundhara Raje took his wife to Portugal for cancer treatment shows that he is seeking revenge against the Rajasthan chief minister.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
'Both reflect prejudice and short-sightedness peculiar to Mr Modi's way of thinking.'
Volkswagen AG said a scandal over falsified US. vehicle emission tests could affect 11 million of its cars around the globe.
While PM Narendra Modi-Amit Shah dominated the national executive, senior chief ministers and 'margdarshaks' LK Advani, Murli Manohar Joshi were ignored
'The transmission sector is going to be the next sunrise industry.'
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