The government is also planning to replace the current ageing Air India One or Boeing 747 with Boeing 777s. Arup Roychoudhury and Archis Mohan report.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
The PCG has termed Pranab Mukherjee's remarks as 'untimely and unwarranted'.
Riding on Tushar Deshpande's five-wicket haul, defending champions Mumbai registered a comfortable 10-wicket win over Railways and grabbed six points in their Ranji Trophy Group A match in Mysore on Tuesday. On the fourth day, Deshpande snapped three wickets -- Faiz Ahmed (28), Ashish Yadav (26) and DN Bansal (3) -- to go with the two wickets he had taken yesterday, while Shardul Thakur, Vijay Gohil and Balwinder Sandhu picked up one wicket each to dismiss Railways for 208 after they resumed their second innings at an overnight total of 135-4 on Tuesday.
The Indian Army on Friday celebrated the Army Day in recognition of Lieutenant General (later Field Marshal) K M Cariappa's taking over as the first Commander-in-Chief of the force from General Sir Francis Butcher -- the last British Commander-in-Chief of India, on January 15, 1949.
Rs 14.5 lakh crore of Rs 500 and Rs 1,000 notes have been deposited as of 30/12.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
Tyagi, arrested on December 9 in AgustaWestland chopper scam case, was granted bail by a special court in New Delhi.
Kolkata cricketer Rahul Ghosh, who was hospitalised after sustaining a head injury during a local league match, is stable and recovering, but doctors said he still needs to be kept under observation in intensive care.
Entries to the Sony World Photography Awards are now open. So hurry!
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.
The Indian Air Force celebrated its 82nd Air Force Day at the Hindon base on Wednesday.
'We are not able to manufacture even low-end products as cheaply as China.' 'We are not buying Chinese goods today out of any love for China.'
Entry of a higher number of technocrats, an appraisal system for civil servants and the benefits of changing the financial year may feature in the PM's fourth speech.
The car is a conventional hatchback with state-of-the-art aerodynamics.
As the Centre deals with the fallout of cash shortage in certain parts of the country, Principal Economic Advisor in the finance ministry, Sanjeev Sanyal, bottom, left, tells Arup Roychoudhury that the demand for cash has seen a spike of late.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
Avani Chaturvedi, Mohana Singh and Bhawana Kanth will shortly enter the history books by being the first three women cadets to be cleared to fly fighter aircraft in India.
'The package is for the distressed farmers who are committing suicide due to the severe drought,' Nitin Gadkari tells Arup Roy Choudhury and Sanjeeb Mukherjee.
A last minute goal enabled them to hold Mohammedan Sporting and make the grade in the IFA Shield football tournament.
'We have to stop thinking about GDP and look at the impact on output and unemployment.' 'And that is not going to be insignificant.'
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'There were any number of Congress leaders who disliked Sonia Gandhi, but they were very close to Ahmed Bhai and he would listen, and give a shoulder to cry upon.'
The committee also picked 19 sportspersons for the Arjuna Award, including the likes of cricketers Ravindra Jadeja and Poonam Yadav, track and field stars Tejinder Pal Singh Toor, Mohammed Anas and Swapna Barman.
The much-awaited inaugural run of the Kolkata-Agartala via Dhaka bus, which was flagged off by West Bengal Chief Minister Mamata Banerjee on Thursday, hit a roadblock with technical glitches preventing the journey.
They abstained themselves from courts on Monday to protest against the proposed transfer of two tainted judges to the Gauhati high court.
Some measures announced in Indradhanush -- a 7-point Modi plan to revamp State-owned banks but not completed -- may be taken up again.
Opener Kedar Devdhar hit a stroke-filled 145 as Baroda took a sizeable lead of 303 runs, despite narrowly falling short of Mumbai's first innings total, on the third day of their Ranji Trophy Group A match.
'If you do quick back-of-the-envelope calculation, someone earning Rs 10 lakh can get a benefit of anywhere between Rs 35,000 and Rs 45,000, even if s/he is availing exemptions.' 'A large proportion of people do not avail full exemptions as they don't have money to invest in those schemes.'
BJP banks on Modi, Congress on its candidate Manvendra Singh in Barmer, India's largest constituency by area after Ladakh.
Asserting that such acts cannot be accepted, Raha said senior officers were in touch with Corporal Mohammad Sartaj and his family.
The economy could grow at 6-6.5 per cent this fiscal year (2019-20 or FY20), said Chief Economic Advisor Krishnamurthy Subramanian, revising his earlier estimate of 7 per cent in the Economic Survey. In an interaction with Arup Roychoudhury, he said supply-side measures, including corporation tax cuts, will boost consumption and demand, and non-tax revenue may make up for shortfall in tax revenues.
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
Defence Minister Manohar Parrikar on Thursday directed the armed forces to carry out joint exercises with friendly foreign countries specially, in southeast Asia, in tune with India's 'Act East Policy'.
The ceasefire violations and firing from across the Line of Control are "quite serious" and the government wants a "quick resolution" of the problem there, IAF Chief Arup Raha said.
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