Pahal looks to cut down diversion and eliminate duplicate.
"The world is in general equilibrium. A small change in one parameter effects changes in all variables. So Krishna advised: Sukh Dukhe...," Subramanian Swamy tweeted.
From social engineering to bearing the cost of COVID-19 treatment to financial reconstruction of Tamil Nadu's debt the debutant chief minister is emerging as a leader with a difference, says Shjne Jacob
People giving me unasked for advice of discipline and restraint don't realise that if I disregard discipline there would be a bloodbath.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
Paralympic gold-winners Avani Lekhara, Sumit Antil, Pramod Bhagat, Krishna Nagar, Manish Narwal were also given the Khel Ratna at a dazzling awards ceremony on Saturday.
Following the killing of an SDPI state secretary late Saturday night, a BJP leader was hacked to death less than 12 hours later on Sunday morning and later, prohibitory order under Code of Criminal Procedure (CrPC) Section 144 was imposed in the entire Alappuzha district, additional police force was deployed there and senior officers camped there to monitor the law and order situation.
'If you are selling family silver, and if you are not getting the right value, then what is the point?'
The Chinese had enough foreign reserves.
The shortcomings are too many to overlook, but November Story is definitely a one-time watch, says Prateek Sur.
A junior member of the Indian cricket team's support staff was accused of "inappropriate behaviour" by a female hotel employee in Antigua, an incident dismissed as a "case of mistaken identity" by the BCCI.
Sources at Mumbai airport said seat occupancy has declined from around 70-72 per cent to 60-64 per cent in last three-four days as passengers are postponing or cancelling trips.
The Tamil Nadu assembly on Tuesday once again adopted the anti-NEET Bill, returned days ago to the government by Governor RN Ravi, with the ruling Dravida Munentra Kazhagam and principal opposition All India Anna DK reaffirming their opposition to the test.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
Veteran doctor and educationist from Karnataka Belle Monappa Hegde and archaeology legend B B Lal were also given the Padma Vibhushan awards.
Rajan said RBI should pay as much dividend as possible to the government, which over the past two years has run into billions of dollars
The ED has received documents from almost all banks that lent money to KFA.
It is largely due to his vision and efforts that we have almost quadrupled our per capita milk availability in the last 40 years, points out Shailesh Dobhal.
'The concern that the bad bank may create a moral hazard for the system is extremely valid.'
'When you plot the growth, -- 7.5 per cent for Q2, 0.4 per cent for Q3, 1.6 per cent for Q4 and 20.1 per cent for Q1 now -- all you see is a 'V'.' 'You don't see any other alphabet in the shape there.'
However, Icra Rating Principal Economist Aditi Nayar feels that the numbers are a bit too optimistic and need real heavy-lifting by the Centre and the states. "The survey forecasts on real and nominal GDP will require a substantial push from Central and state spending as private sector capacity expansion is anticipated to be intermittent, and sector-specific in the next couple of quarters," she said. Nayar added that private consumption is likely to chart a differentiated recovery across income and age groups. Based on the comments made in the Survey, she expects the Union Budget to incorporate a growth in gross tax revenue of 15-16 per cent.
New estimates of India's gross domestic product (GDP) are "puzzling", Arvind Subramanian, chief economic adviser at the finance ministry, said on Friday.
The government has kicked off a new employment survey to create closer-to-real-time credible information, the first tranche of which is expected to be revealed in December next year.
In an editorial in party mouthpiece 'Saamana', the party claimed the foundation stone ceremony in Ayodhya is "personality centric and political party centric".
The Madras high court has ordered the winding up of private carrier SpiceJet Limited and directed the official Liquidator attached to the high court to take over its assets, in a plea filed by a Swiss company over unpaid dues. The court was allowing a company petition from Credit Suisse AG, a stock corporation registered under the laws of Switzerland, which prayed for winding up of the Indian firm under the provisions of the Companies Act, 1956 and appoint the Official Liquidator of the high court as the liquidator with all powers under Section 448 of the Companies Act to take charge of SpiceJet's assets, properties, stock in trade and books of accounts. The "respondent company (SpiceJet) has miserably failed to satisfy the three pronged test suggested by the Supreme Court in Mathusudan Govardhandas & Co v Madhu Woollen Industries (P) Ltd, and hence had rendered itself liable to be wound up for its inability to pay its debts under Section 433 (e) of the Companies Act 1956," Justice R Subramanian said in his order on Monday and directed the private carrier be wound up and the official liquidator take over its assets.
Holidayers, including those who would head overseas between April and June, are set to escape to the hills, beaches, and resorts in the country. This is to fend off the heat and beat the pandemic blues, indicates the initial bookings and online search trends.
Court summons for Congress President Sonia Gandhi and vice president Rahul Gandhi have clearly made the party extremely jittery. But Subramanian Swamy, the man who dragged them to court, believes he has hit gold.
The court said the company has made out a prima facie case in its favour and in case no ad-interim injunction is granted, it would suffer an irreparable loss.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
Economy showing mixed signals, outlook challenging: FinMin
Dravida Munnetra Kazhagam President M K Stalin will try his luck once again from Kolathur constituency in Chennai in the April 6 Tamil Nadu assembly elections while his son Udhayanidhi will make his electoral debut by contesting from the Chepauk-Triplicane segment in the metropolis.
Soon after RBI announcing a much- awaited rate cut, Chief Economic Advisor Arvind Subramanian on Wednesday said that the global rating agencies should look at upgrading their stance on India's credit outlook. "Now we have a 50 basis points rate cut (in two tranches within two months) and I think that is good for the economy and all rate cuts benefits... If the outlook is looking good, the rating agencies should draw their lessons from that om improving the outlook," Subramanian told reporters. After presentation of Union Budget 2015-16 last week, global and domestic agencies had ruled out any immediate upgrade in India's sovereign ratings and had red-flagged the country's delayed fiscal consolidation roadmap and had also warned against any slippages from the "ambitious" disinvestment plan proposed in Budget. Subramanian said that the rate cut is consistent with the government's views in the last week's Economic Survey and thereafter in the Union Budget for the outlook on inflation and for the outlook on overall economy. "It (rate cut) shows that RBI and government are on the same page in terms of how we view the economy. It also means that Budget can be seen as conducive to non-inflationary growth," he added. On monetary policy framework agreement, Subramanian said that both Finance Ministry and RBI have shared concern about inflation. Recently, the Finance Ministry and the Reserve Bank agreed to 'inflation rate targeting' under which the apex bank will aim to lower retail inflation to below 6 per cent by January 2016.
Subramanian said a five per cent growth rate is "remotely not enough" for India to grow and provide the jobs for the expanding labour force.
The Bharatiya Janata Party said on Monday the railways has subsidised 85 per cent of ticket fare for special trains being run to transport migrant workers and the state government has to pay the remaining 15 per cent, soon after the Congress attacked the central government over the issue.
Swamy had been instructed by the deputy speaker of the Rajya Sabha that if he failed to do so, his remarks during the Agusta debate would be struck off.
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. "The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI," Das told reportters in Mumbai.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Tharoor thanked the judge, and said it was "an absolute torture for last seven-and-a-half-years" and that it was a "great relief".
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