'If Modi wants to help the poor and get the credit for it as well, he must do what China does. He must openly adopt pro-capital policies.'
There is a kind of audacious large-scale experimentation which is admirable, even if the novelty and potential of the idea are not fully realised, notes Deepa Gahlot.
This divisiveness is upsetting social cohesion and can throw the bright young people thronging to Bengaluru with billion dollar ideas in their creative minds off balance, warns Shekhar Gupta.
The Dominica high court on Wednesday ordered that diamantaire Mehul Choksi be produced before a magistrate there to answer charges of his illegal entry into the Caribbean island country, local media reported. Dominica high court Judge Bernie Stephenson issued the orders after nearly three hours of hearing on a habeas corpus petition filed on behalf of Choksi who had claimed that he was abducted from neighbouring Antigua and Barbuda and forcefully brought to the Caribbean Island nation. She adjourned the habeas corpus matter till Thursday, Dominica News Online reported.
Finance Minister Nirmala Sitharaman on Monday held a meeting with representatives of the semiconductor industry of the US and invited them to make further investments in India. The finance minister spoke about opportunities for companies situated in Silicon Valley and about the government of India's commitment to be a reliable player in the entire semiconductor value chain with dedicated incentive for the sector in mission mode through the Indian Semiconductor Mission. Last year, the government approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in a bid to position India as a global hub for hi-tech production, and attract large chip makers.
'He began to find her boring. She felt lonely and unwanted.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The financial crisis has challenged the intellectual assumptions on which previous regulatory approaches were largely built, and in particular the theory of rational and self-correcting markets.
Sebi has imposed a penalty totalling Rs 44 crore on 18 entities, including the National Stock Exchange, its business development officer Ravi Varanasi, former MD and CEO Chitra Ramkrishna and her adviser Subramanian Anand along with certain stock brokers in the 'dark fibre' case.
'As the 1991 experience showed, the solution to a large trade deficit may be to open up the economy, not putting up protective walls,' points out T N Ninan.
'Putra-moh Congress ko nasht kar raha hai (Sonia Gandhi's love for Rahul Gandhi is destroying the Congress).'
Domestic capital market will see the launch of India's largest-ever initial public offering (IPO) next week. Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday. Here's a look at some unique features of this mega offering, which are not typically seen in other IPOs.
A bench of Justices MR Shah and BV Nagarathna said the nodal officer to ensure all eligible claimants apply for ex-gratia compensation.
'God gave me a second chance to live and I had to make the most of it.'
Reliance Industries on Wednesday said it had couple of months back made a proposal for merger of its media properties with Zee but dropped the offer over differences over stake of Zee founders. Hours after Zee Entertainment Enterprises Ltd's biggest shareholder named it as a firm that could help revive the television company's fortunes, billionaire Mukesh Ambani's firm issued a statement clarifying its position. "In February/ March 2021, Invesco assisted Reliance in arranging discussions directly between our representatives and Mr Punit Goenka, member of the founder family and managing director of Zee," it said.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
'The government is unwilling or unable to provide the kind of relief that Vodafone India is asking for.'
If the government seriously keeps out of business, the business world will know about it at a lightning speed; there would be no need for rock show-like events.
The Budget, by itself, has a limited ability to finance the country's infrastructure needs. However, its ability to create an enabling environment for raising capital and project development is increasing.
"Mr Modi has utterly failed. It is clear by now that we (NDA) cannot deliver more than this (since 2014)," he said.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
'I was well prepared and confident that I would win at least win Rs 50 lakh to 1 crore.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
This is not an election Budget in the sense that I might target the voter in the coming elections. But if you look beyond this round of state elections, and tilt the periscope to graze at the more distant horizon, see how the Narendra Modi government wishes things looking by the summer of 2024, observes Shekhar Gupta.
In a country like India, where counterfeit items are sold in every nook and corner, the regulation of trademark infringement poses a big challenge.
'The entire idea behind the serial bomb blasts was to strike fear in the minds of Indians.' 'I don't think the blasts were targeted to derail the Indian economy; the idea behind the blasts was retribution.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The transcript of the Milkha Singh Rediff Chat.
'Both the people have a perspective and are people of stature and people of understanding'
'India Inc has been afraid to criticise the government of the day for many years now, and it is perhaps unfair to blame the current one alone,' says Shyamal Majumdar.
Microsoft top boss Satya Nadella feels the increase in productivity has come at the price of burning the 'social capital' built up by companies over very many years, observes ad guru Sandeep Goyal.
Import duty on a business jet is merely 3 per cent, on a yacht 10 per cent, but it's 60 per cent on cars and a mind-boggling 213 per cent on one's favourite tipple.
As a loyal foot soldier he continues to defend the indefensible.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Every brand and company in India too will soon need a metaverse strategy, notes Sandeep Goyal.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
'Singh is complaining that politicians are summoning Waze after bypassing him.' 'But Singh is himself undermining the hierarchy within his force by interacting directly with Waze.'
US President Barack Obama is known as a measured, temperate man, and his remarks on the Indian economy in an interview, this past weekend should bolster that reputation.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
