Former RBI governor R Gandhi said that the RBI needs to re-introduce a one-time restructuring package and mere moratoriums will not suffice in unprecedented times like the COVID-19 pandemic.
Adityanath also recommended that all other SBSP members holding the rank of minister of state be removed immediately.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
Closure of tanneries pulls down domestic finished leather exports and local price of raw-skin.
Pfizer and BioNTech said they have concluded phase 3 study of their mRNA-based COVID-19 vaccine candidate BNT162b2, meeting all primary efficacy endpoints.
'There is no future for the Shiv Sena under Uddhavji's leadership.'
'It's amazing that a country that claims to be the world's largest democracy is getting into the business of micro-regulating personal and professional lives in this fashion,' says Devangshu Datta.
Pulling up the Maharashtra Tourism Development Corporation (MTDC) for "failing" to develop tourist facilities, the CAG has noted that the number of foreigners visiting the state has dropped and those availing its infrastructural facilities were negligible.
Market leaders saw good traction for new cars, including the electric ones.
Micro Drone is a palm-sized personal drone that works straight out of the box.
A look at six indicators shows all of them have collapsed from positive growth in April to contraction in September.
'They take each and every election with seriousness.' 'No other political party has that kind of cadre who is strongly aligned with the reason, motto and ideology of their party.'
Many new technologies developed indigenously were successfully tested in the Agni-5 trial.
'Instead of wailing about the absence of tax benefits, the private sector should press for an early implementation of the package of measures,' advises A K Bhattacharya.
Although the crop devours water, it remains important for India, reports Surinder Sud.
Describing the behaviour of the agitating students as "absolutely deplorable", he alleged that the protesters were trying to "disturb peace" at the institute by "instigating the students and seminar organisers to create a stampede-like situation".
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.
Jammu and Kashmmir Chief Minister Omar Abdullah on Wednesday hit out at Narendra Modi for his "lies" during public speeches and also dared him to speak about dynasty politics in states like Punjab and Maharashtra.
Only nine governments out of 193 UN member states own their country name Twitter handle and interestingly the @India handle is owned by an Indian person living in Guangzhou, China and the account owner shares pictures from his daily life and has made it clear that his Twitter handle is not for sale.
The assessment of PMJDY should be done within the context of the programme.
Also on agenda is rising credit flow to MSMEs & farm sector.
Successive governments focused on altering the clearance processes but largely gave a pass to the second, and essential, element of environmental regulations for monitoring pollution levels and how industries followed conditions laid down for clearances.
The Bills are primarily aimed at helping the MSME sector and small traders, Finance Minister Piyush Goyal said while introducing these in the Lok Sabha
The Orissa state government may soon recruit "bare foot managers" to provide various expert services to the micro, small and medium enterprises (MSMEs) in the state.
'This fund will enable micro-donations as a result of which a large number of people will be able to contribute with smallest of denominations,' a statement said. People can visit www.pmindia.gov.in to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT, it said.
The bank will give 3.25 per cent interest on savings bank deposits with a balance exceeding Rs 100,000. At present, the interest rate is 3.5 per cent.
Sitharaman, who was holding the Commerce portfolio (Independent charge), was on Sunday promoted to the Cabinet rank as was Goyal.
The exporters are optimistic that the industry will grow by 8-10 per cent and it can improve further if the government helps the industry.
The negotiations over the purchase of 36 Rafale fighter jets have entered the "final stages" as both India and France have managed to narrow down their differences over the pricing.
'There was already a cash crunch and this (lockdown) has created more trouble.'
Republican White House hopeful Mitt Romney has chosen Wisconsin Congressman Paul Ryan, a strong critic of the Obama administration's economic policies, as his running mate for the forthcoming presidential polls in United States.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. It is finally set to hit the India roads but the challenge of creating a new category in the competitive automobile market has only just begun.
Race for Asia's No. 1 MFI spot: Bandhan now closes in on Grameen Bank
Deprecating Prime Minister Narendera Modi's attacks abroad on previous governments, former Jammu and Kashmir Chief Minister Omar Abdullah on Sunday saw it as a part of "that whole thing of about me, myself and I alone".
Odisha minister Yogendra Behara couldn't buckle his own sandals at an Independence Day event in Kendujhar on Monday, so he made his personal security officer bend down and do it for him.
The launch of the US-India Economic and Financial Partnership on Tuesday is significant because the two countries have traditionally been wary of opening up their markets and services to each other.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances