Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
For the past 10 years or more, the RBI has been turning down dozens of applications under the RTI Act that sought disclosing the list of wilful defaulters and the RBI's inspection reports. In fact, it is the only organisation that has a granular and complete view of the heist that has been going on for 25 years at least. But it has escaped any blame for the multiple rounds of bankruptcy and massive periodic recapitalisation of public sector banks caused by bad loans. In fact, they don't want anyone to know how incompetent and collusive they have been in handling bad loans, says Debashis Basu.
The British pound was down nearly 9 per cent in early morning trade.
Indian equity markets registered their highest single-day percentage gains since early October.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
Modi said the wave in favour of the BJP was stronger this time than in 2014.
Thousands of Inter University Students' Federation (IUSF) students were seen sloganeering outside the Prime Minister's Residence in Wijerama Mawatha.
With the assembly polls only two years away, in 2026, any demoralising defeat in 2024, would challenge not only the party's continued relevance but also EPS's leadership, asserts N Sathiya Moorthy.
The future challenger to Narendra Modi would be somebody who can bring the Hindus and Muslims together again. The Hindus as Hindus, not broken caste groups, asserts Shekhar Gupta.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
Aditya Birla Money MD talks about liquidity concerns in the market.
Remember the US withdrawal agreement was signed in February 2020. In the intervening period, a proper evacuation plan ought to have been in place. It was not. Consequently, tens of thousands of Afghans who had worked as interpreters, drivers, suppliers of goods and services, etc, face brutal retribution from the Taliban, Virendra Kapoor points out.
Indian states are preparing for a Rs 1.9 lakh crore (Rs 1.9 trillion) tax windfall this fiscal year.
As per the 2011 census, 31 per cent population in the country lives in urban areas.
Stalin, along with cadres of the DMK and other parties, came in a procession in Tiruvarur and was detained in a marriage hall, police said, adding they will be let off later.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
"Only time will tell us about that but I am quite sure that if a youngster who has, as you said, got brainwashed (into terrorism), joins the services under the scheme and stays with us for four years, I am sure he will be a different person and probably more of an Indian than a radical as you brought out," the air marshal told reporters.
Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.
'If you were to say today that the government should appoint judges to the high courts and Supreme Court, then I think that even those few good judges that we are getting today we would not get them.'
Sensex is under pressure due to concerns in the global market.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
'Hope they don't tinker around with capital gains tax in any way.'
Their implementation is expected to create investment owing to improving ease of doing business as well as initiating pro-worker measures.
Congress general secretary and chief spokesperson Randeep Surjewala accused the BJP of pushing India into a dark age of religious polarisation to "subserve its parochial political agenda in the short term".
In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
Pakistan stands alone in a corner over Kashmir issue, says Union home minister Amit Shah.
13 out of the world's 20 most polluted cities are in India. Most shockingly, the latest Central Pollution Control Board statistics reveal that the pollution levels in Gwalior, Raipur and even little known Kashipur are higher than that of Delhi which means we have some of the most polluted zones in the world.
Dubs Modi government a "one trick horse" which will make the Hindu-Muslim issue the dominant one in political discourse; asks Opposition to field one candidate in every seat against BJP nominee in 2019 polls.
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
There is no clarity yet on how an estimated 10.9 million new jobs would be created every year.
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
Chief Minister Charanjit Singh Channi had convened an emergency meeting of newly reconstituted Council of Ministers in view of the 'Bharat Bandh' call given by the Samyukt Kisan Morcha (SKM) to protest against the three agri laws, an official statement said after the cabinet meeting.
The CBI on Wednesday registered a case against social activist Teesta Setalvad and her organisation for alleged violation of FCRA in recieving funds from abroad without taking prior permission from the home ministry.
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
There has been demand to hike the PF interest rate to 8.90 per cent.
Banks shall not charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1,000, the order said.
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
Reserve Bank of India on Thursday said the bank would use all its instruments to manage liquidity in the system following increased FII inflow.
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