The government has paid commitment charges of Rs 86.11 crore (Rs 861.1 million) during 2009-10 in the form of penalty for not timely utilising the aid approved by multilateral and bilateral lending agencies.
"The Congress in a way is in the grip of urban Naxals. That is why its thought has become negative," Modi alleged in his 90-minute speech.
If trained staff is employed, this revenue stream can be a big source of income for municipalities.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
Here's the full text of address to the nation by President Droupadi Murmu on the eve of the Republic Day 2023.
A look back at many memorable moments in his life as Prince Charles.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
The winners of the Natural History Museum's prestigious Wildlife Photographer of the Year competition were announced at an awards ceremony in London. American photographer Karine Aigner was announced as this year's Wildlife Photographer of the Year.
'The BJP's problem is what rabbit can it pull out of the conjurer's hat?'
In the run-up to the polls, a survey has revealed that better employment opportunities is the single most important issue for citizens and that the government has fared below average in this aspect.
Scientists have found that much of the Indus civilisation thrived around an extinct river, challenging ideas about how urbanisation in ancient cultures evolved.
Sonu Nigam, Mahima Chaudhary, Lesle Lewis and chef Sanjeev Kapoor attended the event.
Terming investment in infrastructure "quintessential" to boost growth, the Economic Survey on Friday said post unlocking of the economy, infra sectors are poised for growth and construction of roads is expected to return to the high pace attained before COVID-19. The infrastructure sector will be the key to overall economic growth and macroeconomic stability, the Survey said emphasising that the year after the crisis (2021-22) will require sustained and calibrated measures to facilitate the process of economic recovery and enable the economy to get back on its long-term growth trajectory. "Basic infrastructure facilities in the country provide the foundation of growth. In the absence of adequate infrastructure, the economy operates at a suboptimal level and remains distant from its potential and frontier growth trajectory.
Union Finance Minister Nirmala Sitharaman will on Monday meet chief ministers and state finance ministers to discuss measures to attract private investments to help boost the economy. Finance secretary T V Somanathan said the meeting comes in the backdrop of strong economic recovery post the two COVID waves, and the central government has made a big push in Capex. The focus of this interaction will be on state-level issues, opportunities and challenges, which will enable us to go to a higher trajectory of investment and growth, he said.
'Disparity is not only in Mumbai; you see it in every city. The other day, I saw right next to the mansion of Mukesh Ambani worth Rs 5,000 crore for one family, thousands of people sleeping on the pavement. This is the urban India you have created!'
Solving problems through science was the key takeaway from the Prime Minister's speech.
After navigating the turbulent pandemic waves, the recovering Indian economy is now sailing through unchartered waters of rising coronavirus cases, spiralling commodity prices and spiking inflation though the lighthouse of sustainable growth remains visible. As 2022 begins, a raft of developments, ranging from Budgetary announcements to continuation of stimulus measures to monetary policy, will set the tone for the domestic economy, which is projected to grow more than 9 per cent in the current fiscal ending March 2022. The country's continuing massive vaccination drive and 'precaution' doses starting for select categories of people this month will provide a firewall against any steep spike in coronavirus cases amid the emergence of the Omicron variant.
Prasanna D Zore/Rediff.com reports from Shivaji Park and the MMRDA ground to sense the mood of Shiv Sena workers -- from the Uddhav Thackeray and Eknath Shinde camps.
Metro cities are ranked lower in cleanliness index and tourist towns also lag
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India-European Union Broad-based Trade and Investment agreement came up for discussion in a meeting between Sharma and visiting Netherlands Minister of Foreign Trade and Development Cooperation Lilianne Ploumen in New Delhi.
'The India-Canada relationship has suffered benign neglect. Its full potential has not yet been realised,' says Rup Narayan Das.
Changing with the times and in compliance with social distancing norms, customers are now picking up their parcels, speed posts and registered letters within the city themselves after they are informed on phone.
A consortium of three US-based firms - AECOM, KPMG and IBM - was given the task of developing the master plan.
India lifted 271 million people out of poverty between 2006 and 2016, recording the fastest reductions in the multi-dimensional poverty index values during the period with strong improvements in areas such as "assets, cooking fuel, sanitation and nutrition," a report by the United Nations said.
Receiving Ganga water by post could be a reality soon as the government endeavours to tap the e-commerce platform to bring the holy water at the doorsteps.
'There will be greater communalisation. He talks about development, but his people tell his critics to go to Pakistan and brand Muslims as 'butchers'. This is the true colour of the BJP.' 'He deliberately does not stop them because that is his real agenda; he wants to make sure that the Hindu votes come to the BJP,' says senior journalist Kalpana Sharma. Ritu Jha/Rediff.com listens in.
'Short term volatility is likely due to various factors, global and domestic; investors may use this as an opportunity to increase the allocation to equities.'
Here's a recap of events that occurred in India in the past 24 hours.
The third Bonjour India is coming to 33 cities!
When Correa was hailed as India's greatest architect in 2013, he said, 'Greatest is so...so definite. Most innovative might have been better'
The expert said the mission "lacked a holistic human rights approach'.
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.
Here's a recap of events that occurred in India in the past 24 hours.
However, Chief Minister Vasundhara Raje and her five cabinet colleagues have won their respective constituencies.
What these elections prove beyond any doubt (if ever there was one) that Modi's hold over public mind and Shah's mastery of election management are unparalleled. It doesn't seem likely that they will be matched any time soon in the Indian political scene, reaffirms Shreekant Sambrani.
Dettol is the leader in the anti-septic liquid category.
The prime minister said that India has invited Germany to take advantage of opportunities in defence production in the defence corridors in Uttar Pradesh and Tamil Nadu.
'If India is to emerge as a superpower, we must utilise our huge agricultural potential and not, as in past centuries, merely exploit our farmers,' says Colonel Anil A Athale (retd).
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