The culture of freebies burdens coming generations with the huge bill for the flagrant abuse of power by preceding governments, points out Virendra Kapoor.
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.
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.
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.
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.
Only national service can save the nation, and not politics: Modi
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.
With SAD member and union minister Harsimrat Kaur Badal.
The speaker said members should be careful in uttering words and maintain decorum so that no such incident takes place in the future.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
Foreign residents increased their holdings of long-term US securities in May; net purchases were $34.6 billion.
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.
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.
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
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
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.
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.
Conversely a rate hike may have positive effects if it triggers currency appreciation.
"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.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
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%
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.
There will be no Question Hour and private members' bills will not be taken up in the Monsoon session, while the Zero Hour will be restricted.
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.
Prime Minister Narendra Modi hailed the passage of bills as a "momentous occasion" in parliamentary democracy and said a new dawn awaits the people there as they are now free from the "shackles" of vested interest groups.
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.
Vociferous protests by Opposition benches demanding the presence of Prime Minister Narendra Modi during the debate on demonetisation on Tuesday led to the stalling of proceedings in Parliament once again.
Centre wanted to push the Banking Regulation Bill, the Opposition wanted to discuss stalking case.
While BJP members moved into aisles shouting slogans and demanding an apology from Azad, Congress members too rushed into the Well raising slogans demanding an apology from the prime minister.
The rise in govt benefits has pushed the fiscal deficit to 4.5 per cent.
Rumour has it that former Bihar chief minister Lalu Prasad had once misbehaved with Amit Khare, the then district commissioner of Chaibasa in south Bihar, in full public view. The incident was enough to enrage the strong lobby of Indian Administrative Service officers to take on the all-powerful chief minister.
Though the Bharatiya Janata Party is not overly worried about getting the amended land acquisition bill through in the Upper House, it has nevertheless decided to have a three-day gap between the dates of the sitting of the Lok Sabha and the Rajya Sabha for the Budget session.
With tempers rising on intolerance, it will be hard to run House proceedings.
However, a majority in the Council of States will continue to elude the BJP-led National Democratic Alliance.
In addition to declaring a national emergency, US President Trump has approved major disaster declarations for New York, California, Washington, Iowa, Louisiana, North Carolina, Texas and Florida.
Several politicians said they were not even aware of the provision in the UP Act.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
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