Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.
Most, save Jaitley and Venkaiah Naidu, were silent on Bihar polls; it was business as usual for the PM.
A wise politician would disarm his critics, try to take them along, co-opt them, or, at least, take the criticism in his stride. Developing a thick skin ought to be an essential part of any politician's toolkit, notes Virendra Kapoor.
Even as Maharashtra faces one of the worst droughts in its history, the lack of attention towards all crops grown in the state, as well as numerous project delays, shows poor long-term planning by the government contributed to the current state of affairs.
With Congress party vice president Rahul Gandhi making a strong pitch for raising LPG cap, Oil Minister M Veerappa Moily on Friday said the quota of subsidised cooking cylinders will be hiked to 12 from 9 per household.
India, the world's third biggest oil consumer, meets more than 80 per cent of its oil needs through imports.
The detentions come ahead of a crucial hearing on Article 35-A in Supreme Court which is likely to take place on Monday. The article, incorporated into the Indian Constitution in 1954, grants special rights and privileges to the citizens of Jammu and Kashmir.
The benefits of modern medicine have led people to demand more from the State, and to value every life. Even a modest death toll caused by an epidemic today is unacceptable, says Dipankar Gupta.
DO: Whether or not your business has suffered losses, now is the time to optimise resources, cut back on unnecessary expenditure and spend every penny cautiously. DON'T: If there is a cash crunch, don't rush to fire staff. Instead, weigh in other options that will protect the interest of both the company and the employees. Must Read Advice from Apoorva Ranjan Sharma, MD, 9unicorn.
The men and women in Modi's revamped council of ministers have been carefully selected and a delicate balance between administrative experience and balance of power has been maintained.
'There was no fight between the Shiv Sena and her.' 'But if she is still targeting the Shiv Sena, then only she can talk about the reason behind it.'
A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.
Now, government is also contracting imports.
'It is unclear whether clothing or home items qualify as essential items. A lot of professionals are working from home, and they need electronics for their productivity. Does this qualify as essential?'
FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.
K N Balagopal (Communist Party of India -Marxist) said the Congress and the BJP were acting as A-Team and B-Team and not allowing the House to discuss the bills.
Nestle refused to regret the mistake in a public statement.
With the amendment, firms like EY and Deloitte can work as resolution professionals instead of only their partners enrolling as insolvency professionals.
Mandatory prescription of generic names is not a complete solution. Rather, in the absence of a range of approaches, it could mean passing the choice of selecting a drug from a doctor to a pharmacist, says Chandrakant Lahariya.
The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from divestment proceeds in the Budget for 2020-21.
The government has allowed oil companies to raise diesel price by 50 paise a litre per month; bulk users to be charged market price.
The maximum death toll has been reported from Idukki district, where 43 people have lost their lives so far, as per official estimates. 28 deaths were reported in Malappuram and 27 in Thrissur.
IOC and other oil firms have been paying LPG consumers in 54 districts up to Rs 500 to help them buy a 14.2-kg cooking gas refill at market price, which is more than double of Rs 410 per bottle rate in Delhi.
The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.
Cash withdrawal limits likely to continue
Narendra Modi's ministry expansion makes disdain clear for others who are supposedly allies, quite unlike the Vajpayee-led National Democratic Alliance.
The bill was passed with 165 voting in favour and 7 against it.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
The government will announce minimum support prices for kharif.
While the Union Cabinet had in November last year approved the sale of the government's entire 52.98 per cent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7. The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On Wednesday, the government said this deadline is further being extended up to July 31.
In rural areas, the poverty ratio was estimated at 28.3 per cent whereas in urban areas it was 25.7 per cent, stated V Narayanswamy, Union Minister of State for Planning and Parliamentary Affairs in Rajya Sabha on Thursday, in response to a question by independent member Parimal Nathwani.
The Union home ministry on May 13 had declared that these canteens will only sell indigenous or "swadeshi" products from June 1 in a bid to give fillip to domestic industries.
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
'In enacting the citizenship law, the BJP's focus has been so much on consolidating its Hindu vote bank all over the country to divert attention from the economic downturn that the party forgot that there are Hindus and Hindus and that one group of Hindus may not always be warmly embraced by another,' notes Amulya Ganguli.
'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
'These provisions may even be seen to be a threat to burgeoning businesses, since they would view every announcement of a rate cut as a starter's pistol that triggers a long race to adjust prices and to justify the adjustment,' argue Rashmi Deshpande and Anjali Krishnan.
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
IOC along with HPCL and BPCL took a hit of about Rs 4,500 crore from absorbing Re 1 a litre hike.
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