The infrastructure space was one of the worst victims and things were at standstill.
Sourcing bauxite from other states to add Rs 600 crore to cost.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
The new mining policy must be rock solid
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
The Rs 56,000-crore (Rs 560 billion) Adani Group on Monday received a major blow from the Gujarat High Court, which ordered a shutdown of 12 units in Adani Ports and Special Economic Zone (APSEZ), located in Mundra, Kutch district, with immediate effect.
UDF, LDF raise voice against cow slaughter ban backed by BJP leadership.
The so-called soil scam has left Lalu alone in the Mahagathbandhan.
Full list of the rejigged Union Council of Ministers
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
Here are other controversial 'babas' who were given the Z-category security, though later, it was withdrawn from some.
Budget should be a platform for govt to take bold steps.
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
'The autonomy of essential institutions is clearly under question as the Modi government seeks to influence them politically.' 'The credibility of institutions such as the EC, the CBI, the CVC, the UPSC, the RBI, media, and universities, has been compromised,' notes Zoya Hasan, the distinguished political thinker.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
RBI Governor has been under pressure from Finance Ministry.
'The CM seems to have forgotten that she is dealing with the Gorkhas, people known for their valour and loyalty to India.' 'It is shameful that Mamata Banerjee and her administration treated them like insurgents, choosing to use live bullets instead of other ways and means to control crowds.'
FinCom prescribes scrapping of effective revenue deficit.
Kerala's iconic Marxist and former Chief Minister V S Achuthanandan turned 90 on Sunday.
Expectations were probably too high from Narendra Modi.
Modi has the ideas for a new, hopeful India, and an idiom in which to sell optimism to voters. But he doesn't yet have the team for it, and soon enough, questions will begin to be asked by an impatient, non-ideological, I-don't-owe-anybody-anything generation of Indian voters, says Shekar Gupta.
Budget should raise revenues & reduce spending to increase capital expenditure.
Smart cities can provide more safety, better management of traffic congestion, a low-carbon environment and better services.
The Delhi CM said a fine of Rs 2,000 will be imposed for those violating the rules during those 15 days.
With the Supreme Court reinforcing its stay on jallikattu, the state BJP hopes it can persuade its party leadership to bring in an ordinance. But this is a path filled with risk, reports R Ramasubramanian.
'A President who is a living embodiment of high principles can tone up the entire national fabric,' says B S Raghavan, the distinguished civil servant.
The challenges authorities face in cleaning Ganga and other holy rivers in Varanasi.
Air toxics emissions are high from older vehicles.
The majestic Rajpath saw a scintillating display of India's military might as the country celebrated its 69th Republic Day on Friday, with the leaders of all the 10 countries of the ASEAN attending the parade. Take a look here.
'A lot will depend on the first Aayog and the power it derives.'
Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steelmaker Lucchini.
A look into the state of Dalit entrepreneurship in the country.
Stalling the introduction of better emission standards is based on specious logic, especially in a country that has 13 of the world's most polluted cities.
'I can assure you the Ganga will be more polluted in 2030 than it is now.' 'What they are trying to do now is clean the Ganga without understanding how to do so.'
'On the tax front, most of the Budget proposals are sensible'.
For the CBI, crimes are likely to become more innovative, complex, driven increasingly by technology and transcending geographical boundaries, says Anil Kumar Sinha.
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