The man had attended a stag party recently in Manali in Himachal Pradesh.
The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.
The Tamil Nadu government will constitute an 'economic advisory council' to the chief minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advise the state on how to reverse the economic slowdown.
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
At a time when banks are engaged in a fierce battle to gain market share in the credit card segment, Citibank India has been losing its share, both in terms of outstanding cards and spends in the last few years. Still, average spends on Citi cards are higher than any other Indian bank. Last year, the global banking behemoth announced exit from its consumer banking franchises in 13 markets across Europe, Middle East and Asia, including India, citing lack of scale.
These crispy masala vadas are called Chattambade in Karnataka.
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The capital markets regulator exonerated former employees Subramanian Anand, Ravi Apte, and Umesh Jain, with respect to charges levelled against them.
We asked you to share pics of your Navratri celebration. This is what our readers shared.
Much to the disappointment of booklovers, Westland, one of the largest publishing houses in India, is being shut down by e-commerce giant Amazon, they announced on Tuesday.
The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy and suggest policy prescriptions, quite often misses on the GDP forecast, sometimes by a significant margin. This time, Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on Monday soon after the President's address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2022, on Tuesday.
The Congress on Saturday attacked the Centre over a New York Times report which claimed that the Indian government bought the Pegasus spy tool in 2017 as part of a deal with Israel, alleging that the government indulged in illegal snooping using the spyware which amounts to 'treason.'
She left the agency's office in central Delhi just before 7 pm on Tuesday after recording her statement.
The fourth day of questioning was deferred from June 17 to this day after Gandhi requested the agency for postponing the session as he wanted to be with his mother and Congress president Sonia Gandhi in hospital, where she is admitted for post-Covid issues.
Rediff readers shared photographs of sparrows.
The Devasthanam Board was assigned the management of 51 temples of the state, including the four famous Himalayan shrines of Badrinath, Kedarnath, Gangotri and Yamunotri.
The Congress alleged that the money-laundering law has been weaponised to target and humiliate people, and urged the Supreme Court to decide soon on the matter concerning the National Herald-Associated Journals Limited case.
The Survey adopts an unfettered approach in thinking about the appropriate economic model for India. This endeavour is reflected in the sky blue cover of the Survey, Chief Economic Adviser Krishnamurthy V Subramanian said.
'All of us have believed in decentralisation. You may not like property taxation, neither do I. My solution is that the Centre does the tax collection, but we can give a matching grant instead of redistribution,' says the outgoing CEA, Arvind Subramanian.
While agency sources informed that Gandhi recorded his statement and checked its transcript minutely, Congress leaders said the investigators took multiple breaks during his questioning
Subramanian Swamy now wants Arvind Subramanian sacked.
The improved outlook on the Government of India announced by rating agency Moody's might need to be viewed with some scepticism. There is no doubt the performance of the Indian economy has sharply improved from the deep trough it hit last year. But the ability of the second largest global ratings agency to assess an upside and downside before events make everyone wise about India has been dismal for a long time, as the chart shows.
"It's a welcome development, but we also feel it was long overdue... It's a recognition of the actions that the government has undertaken like GST, bankruptcy. We also need to keep all these things in perspective," Chief Economic Adviser Arvind Subramanian said.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
The Congress, however, dubbed Swamy as the 'undeclared spokesman' of Modi.
Tamil Nadu Chief Minister M K Stalin's Cabinet, including him, would be 34-member strong and he has retained senior leaders like Duraimurugan and over a dozen shall be ministers for the first time.
Last year, Sitharaman had ditched the long-standing tradition of carrying budget documents in a leather briefcase and went swadeshi with a 'bahi-khata'.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Chief Economic Adviser K V Subramanian has said the economy was "experiencing a V-shaped recovery" after the lockdown was eased.
However, the scribe said that she is still not convinced that the governor touched her cheeks to appreciate her question.
If we have already excluded Muslims from political office by default, and if we are already harassing them daily through laws, like Nazi Germany did and like Pakistan did, then why do we need a Hindu Rashtra or a change from the present set of laws? argues Aakar Patel.
Eight new cases of the Omicron variant of coronavirus were reported in Maharashtra -- seven of them in Mumbai -- and none of the patients had a history of international travel, the state health department said on Tuesday.
Modi knows how to turn Gujarati pride into an emotive issue at election time and a Gujarati President would have its own electoral resonance and significance, note Sunil Gatade and Venkatesh Kesari.
The Enforcement Directorate on Thursday questioned Congress chief Sonia Gandhi in a money laundering case related to the National Herald newspaper and summoned her for a second round of questioning in the case on July 25.
A new Congress leader may make an electoral impact by his very presence. Congress voters who had moved away from the party, after being influenced by the BJP's 'family rule' campaign, can now return with a certain moral satisfaction, observes N Sathiya Moorthy.
Union ministers Rao Inderjit Singh and Prahlad Patel, Subramanian Swamy, known for his strong views on a host of issues, Suresh Prabhu, Dushyant Singh, who is the son of former Rajasthan chief minister Vasundhara Raje, Vijay Goel, Vinay Katiyar and S S Ahluwalia are among those who have not found a berth in the new list while Union minister V K Singh is no longer a regular member and has been named as a special invitee.
In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
'India's output contraction in the previous year was among the worst in the world!'
For the first time, Subramanian said, "the Economic Survey has embraced Big Data, and we mine this data to shed new light on the flow of goods and people within India."
According to Sebi's listing obligations and disclosure requirements, a company has to report any fraud, default by promoter or arrest of key managerial persons or promoters as it is a material event.
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