'The government has failed to understand the seriousness of the situation, and that's why they are underestimating the problem.' 'They think some tinkering here and there will fix the economy automatically.'
70-plus years after Independence, 'Hindu India, metamorphosised as 'Hindutva India', is proving the British right -- and for all the wrong reasons. Mohan Bhagwat should have answers for the why of it, says N Sathiya Moorthy.
The new notes will be available from 2012.
The Corporate Affairs Ministry's latest move comes in the backdrop of instances of private entities using the word 'National' in their names, including the case of National Spot Exchange Ltd, which is embroiled in a major payment crisis.
With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
With their balance sheets under stress, private companies have lost interest in them.
Suggesting the bill is in line with the apex court judgment, Prasad said people of India have accepted Aadhaar. The bill proposes to allow voluntary use of Aadhaar number for authentication and identity proof in opening of bank accounts and procuring of mobile phone connections. The Bill also seeks to give a child an option to exit from the biometric ID programme on attaining 18 years of age, while stipulating stiff penalties for violation of norms set for use of Aadhaar and violation of privacy.
The Central government on Friday told the Supreme Court that it has deposited with the top court Rs 10 crore paid by the republic of Italy as compensation to the families of the two Kerala fishermen who were shot dead in 2012 by two Italian marines aboard the MV Enrica Lexie ship -- an Italian flagged oil tanker -- in lieu of closure of criminal cases against the two navy personnel in India.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
As the industrial era wanes, the network era looms, notes Ajit Balakrishnan.
The economic slowdown and the accompanying moderation in the pace of revenue growth has adversely hit the financial health of governments, both Union as well as states, in the financial year 2008-09, according to the Reserve Bank of India's quarterly review of the economy.
"There are not sufficient number of applications received by the government. The extension in the last date has been given to allow more people to apply for the posts," a senior government official said.
'It's still very early. I have just been handed over the matter and therefore I haven't formed any views on it as yet,' Justice B N Srikrishna tells Pavan Lall.
The CBDT has begun the process of matching the deposits in accounts opened under the Pradhan Mantri Jan-Dhan Yojana (PMJDY), or Jan-Dhan accounts, with the profile of the depositors.
The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.
The mandates which Pakistan has failed include action against all United Nations-designated terrorists like Jaish-e-Mohammed chief Azhar, Lashker-e-Tayiba founder Hafiz Saeed and the outfit's operational commander Zakiur Rehman Lakhvi.
Chief ministers of states like Andhra Pradesh, Kerala and Karnataka were among those who raised the issue of loan waver scheme for farmers.
According to D&B, food price levels might witness a rebound as foodgrain production is estimated to have declined during 2014-15.
The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.
Award-winning lawyer, Claire Montgomery, the Queen's Counsel, is likely to fight the Indian government's attempt to extradite him to India.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
The Reserve Bank of India (RBI) has liberalised the procedure for facilitating the import of rough diamonds (termed roughs in the trade).
The murder of Atiq and his brother and the police encounter with his son have raised many questions about the propriety of how crime is tackled by the Yogi government. But Yogi knows he has the support of the people who are fed up with crime holding the state to ransom for decades, asserts Ramesh Menon.
'There is no point in just saying, 'hum wapas bhej denge (we will send Kashmiri Pandits back)'.'
The biggest headwind to the consumption story in FY23 is a sharp decline in government subsidies on food, fertiliser and fuel, and overall decline in revenue expenditure net of interest payments. This, analysts say, will adversely impact purchasing power of households at the lower end of the income pyramid, translating into lower spending on consumer goods and services.
A group of envoys including those from several Europe Union countries and a few Organisation of Islamic Countries (OIC) member states began a two-day visit to Jammu and Kashmir on Wednesday to take a first-hand account of the situation in newly-carved union territory, especially after the recently-concluded local body elections.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
A three-year validity of an inflation target is, perhaps, more reasonable and practicable.
