The money generated, expected to be more than a billion dollar per annum, would be used to fund a biometric entry and exit tracking system
If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
'Investors should restrict themselves to a few category schemes with high quality portfolios apart from overnight and liquid funds.'
Shah said nobody can stop him from introducing a resolution on Kashmir in Parliament.
What makes Indian abstract art more valuable is its relative rarity. V S Gaitonde, S H Raza and J Swaminathan are the only major names in modern Indian art known for their abstracts.
Bollywood starts partying early this week!
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
'We began foolishly bragging about Saudi-Emirati investment plans as indicative of the sheikhs 'distancing' from Pakistan, including on Kashmir,' notes Ambassador M K Bhadrakumar.
Joshi said the Congress is 'led by an infiltrator' and is targeting Modi who hails from a humble family and is a popular leader.
While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.
Various opposition parties like the Congress, the Trinamool Congress, the Dravida Munnetra Kazhagam, the Nationalist Congress Party, the Rashtriya Janata Dal, the Communist Party of India, and the Communist Party of India-Marxist raised vociferous protests in the upper house while opposing the resolution and the bill.
The ruckus began during the procedure for the introduction of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020.
Naidu said have shown no remorse and have instead justified their actions.
Only national service can save the nation, and not politics: Modi
His successful piloting of the move to strip Jammu and Kashmir of its special status is undoubtedly the highlight of his ministerial stint since the Modi 2.0 government assumed office on May 30.
As per the rules and regulations, members must not do anything that brings disrepute to the Parliament and affects their credibility, and members must utilise their position as Members of Parliament to advance general well-being of the people.
The passing of the GST bill and the failure of India to acquire NSG membership is set to rule the agenda in Parliament.
Parliament proceedings were washed out for the fourth consecutive day on Friday as the Opposition remained unrelenting on its demand for the resignation of Union Minister Sushma Swaraj and chief ministers of Rajasthan and Madhya Pradesh.
The culture of freebies burdens coming generations with the huge bill for the flagrant abuse of power by preceding governments, points out Virendra Kapoor.
His career as a bureaucrat has been somewhat colourless, which suggests his current elevation is simply a matter of being at the right place at the right time.
With SAD member and union minister Harsimrat Kaur Badal.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
When corruption eats into the vitals of a nation, the State structures decompose and collapse. And when the leadership loses respect of the people, the war is lost, asserts Ambassador M K Bhadrakumar, who played a stellar role in beginning India's systemic dealings in Afghanistan in 1994.
Foreign residents increased their holdings of long-term US securities in May; net purchases were $34.6 billion.
The speaker said members should be careful in uttering words and maintain decorum so that no such incident takes place in the future.
Neither India nor China will be badly affected by Grexit.
Investors should consider debt mutual funds, banks fixed deposits or high-rated corporate debt instruments.
The structure of the rallies that unfold will determine if they make new highs or not, and there is scope for new highs, says Sonali Ranade
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Union Finance Minister Pranab Mukherjee arrived in Washington, DC on Monday to participate in the India-US economic partnership dialogue, during which he is expected to meet US Secretary of State Hillary Clinton.
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
Conversely a rate hike may have positive effects if it triggers currency appreciation.
Shah said the BJP-led government had only brought an amendment to the law which was enacted by thr Congress and whose provisions were later made stringent.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
As soon as the Question Hour began, the issue was raised by Ramgopal Yadav (SP) and supported by RJD members. Even CPI-M leader Sitaram Yechury favoured the revocation of the suspension. Members from the treasury benches, however, insisted that the suspended members should tender apology.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
With various financial sector bills pending in Parliament, the US today said India should further liberalise this area to sustain 8-9 per cent growth it was recording before being impacted by global economic crisis.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
Once passed by Parliament, the bill will replace an ordinance promulgated on December 30 last which provides for a fine of 10,000 or five times the cash held, whichever is higher, on holding of more than 10 banned 1,000 and 500 rupee notes.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances