'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
More than 10 senior bureaucrats in Maharashtra, including some who have retired, owe the state government over Rs 44 lakhs for overstaying in official accommodation after service or post transfers, an RTI query has found.
'One hopes that it is for the better that this disaster alters our reality from the morning of May 4,' notes Aakar Patel.
The meteorological department has issued a warning of heavy rain and thunderstorm in several parts of the country.
"I am sitting on a Satyagraha till I get a clarification on details of international travel expenses of some senior AAP leaders. It is not a dharna but a satyagraha. I would like to send out a message to Chief Minister Arvind Kejriwal to put out the details of the foreign tours of his five AAP leaders -- Satyendra Jain, Ashish Khetan, Raghav Chaddha, Sanjay Singh and Durgesh Pathak in public domain," Mishra told the media.
Alec Baldwin discharged a prop firearm on the set of his movie Rust that killed the film's director of photography and wounding the director, the authorities said.
'The path to a resolution of the ethnic conflict is likely to be complicated and controversial with the majority Sinhalese community, and will become less likely if delayed.' 'It will certainly give Rajapaksa fresh political oxygen with which to revive himself and rally the opposition.'
This is the Upper House's third best productive session in the last 14 sessions since the Monsoon Session (243rd Session) of 2017, the Rajya Sabha officials said.
The stage for the VVIPs also did not have the mandatory structural certificate, following which police communicated the matter to the ministry of urban development.
'It is also being done in violation of our Forest Tribal Act because it will involve the eviction of the tribals living in these forests.'
Despite all the incentives, the start-ups' mega event fell short of expectations
'Many enter the civil services with the desire to do good work but get beaten by the system, step back or become part of it.' 'Ten fantastic officers out of 100 can completely change the game.'
'And they are going to be milder because we are dealing with the vaccinated and are much richer in terms of the immune response in the population.'
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
Solicitor General Tushar Mehta, appearing for Uttar Pradesh, said the state has taken several steps to contain the spread of coronavirus but to "lockdown five cities by a judicial order may not be the right approach".
India needs to invest a lot more money in science research and translate this research into products and solutions for its people, says trustee at the Infosys Science Foundation and co-founder at Infosys Kris Gopalakrishnan.
'As they grow bigger, the trail of their pioneering success often leaves behind a causticity marked by deficient human resource practices, negligible focus on corporate governance and rife sexism.'
He also proposed various measures, including land tax waiver for farmers, to mitigate their suffering.
The project involves development of a military-civil, dual-use airport; international container trans-shipment terminal; a gas, diesel, and solar-based power plant, and a township.
'Since many people are vaccinated, this virus is now concentrating on the throat and the nose and replicating fast and transmitting also very fast.' 'That's because the current vaccines will not be able to fight it when it is in the throat, nose or the mouth.'
In Bihar, where a bandh had been called, a railway station and a police vehicle were torched, an ambulance attacked and security personnel injured in stone-pelting incidents on the fourth consecutive day of the agitation, while protesters vandalised Ludhiana railway station in Punjab and blocked roads and rail tracks in West Bengal, Haryana, Rajasthan, Maharashtra, Odisha and Uttar Pradesh.
Pakistani security forces on Thursday raided the house of the father of the woman suicide bomber from Baloch Liberation Army (BLA) who blew herself up in Karachi University that killed three Chinese teachers and injured another.
'The way the society functions, I don't know, they are more concerned about animals than humans.'
Prime Minister Narendra Modi said the liberalisation of policies governing the acquisition and production of geospatial data is a "massive step in government's vision for an Aatmanirbhar Bharat". The reform will benefit country's farmers, start-ups, private sector, public sector and research institutions to drive innovations and build scalable solutions, he said.
'Had there been no war, maybe, we would come out with a 7.5 per cent stake sale.' 'At this point in time, a 3.5 per cent stake sale looked good.'
As the 16th Indian parliamentary elections get underway, Vikas Lather profiles Sukumar Sen, India's first chief election commissioner.
Adani intends to ship most of the coal from the mine to India.
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
The Centre has asked Andhra Pradesh, Odisha, Tamil Nadu, West Bengal and Andaman and Nicobar Islands to ensure that health facilities are stocked with essential medicines and supplies to meet any exigencies in the wake of Cyclone Yaas which is expected to make a landfall later this month.
He was informed by the PWD authorities that case of religious structure has been thoroughly debated and Religious Committee has recommended to remove it.
The over a century-old bridge, which had reopened five days ago after extensive repairs and renovation, was crammed with people when it collapsed around 6.30 pm on Sunday.
Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.
The unions also made a case for introduction of cluster or hub banking, identifying few branches of each bank in each locality so as to enable bank employees to work on rotation.
A day before the end of the fourth phase of lockdown, the home ministry on Saturday issued new guidelines for the phased reopening of all activities outside containment zones till June 30.
Gadkari said that 10 rail over bridges were being taken up under Setu Bharatam.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
BJP leaders are continuously trying to defend their participation in the event.
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