"The era of 'lalten' is gone. In the last six years consumption of electricity has increased 3 fold in Bihar," PM Modi said. "Voters of Bihar have taken a resolve that they won't let those who have a history of making the state 'Bimaru' come near them," he added.
The President in his address to the joint sitting of Parliament unveiled the policies and priorities of the Bharatiya Janata Party-led National Democratic Alliance government which assumed power last month after elections to the 16th Lok Sabha.
Yannick Noah is looking to restore old-fashioned values to the French Davis Cup team as he embarks on his third stint as captain.
Mergers to create at most six state banks
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
If currency controls are maintained indefinitely, popular support for Narendra Modi's demonetisation will turn into dislike, warns Devangshu Datta.
Publicly traded banks in India added Rs 1 trillion in bad loans for the quarter ending December 31, 2015.
While GST and insolvency laws are among the major achievements of the Modi government, the list of failures include demonetisation, toxic banks, manufacturing hiccups and most prominently bizarre job creation figures. Mihir S Sharma takes a look at the four years of Modi government.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
How much would collectors be willing to pay for owning a part of Indian history, asks Kishore Singh.
Modi used surgical strikes for political capital, Rahul said.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, reduction in certain taxes and providing per unit subsidy.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Mihir S Sharma outlines why this year's Union Budget does not respond to the needs of India's economy, or attempt to frame the economy's future.
Following is the course of events in the disproportionate assets case against Jayalalithaa, Sasikala and 2 others.
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.
India is the fifth worst-hit nation by the COVID-19 pandemic after the United States, Brazil, Russia and the United Kingdom, according to the Johns Hopkins University data.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
Summary of sports events and persons who made news on Friday
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
Industrial countries cannot at this point wash their hands off developing economises and say we will do what we need to, and you do the adjustment you need to, says RBI Governor.
As India's international role expands, so must our capabilities, says Brigadier Gurmeet Kanwal (retd).
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
Jammu and Kashmir Chief Minister Omar Abdullah on Tuesday called on Prime Minister Narendra Modi and sought a special rehabilitation package from the Centre for the flood-ravaged state.
US interest rate normalisation policy is likely to keep global FX markets volatile.
Palaniswami is the third AIADMK leader to be sworn-in as the chief minister in the last nine months.
India Inc on Friday said the hike in railway passenger and freight fares will help in resource mobilisation, hoping that the higher fares will lead to better quality and safety of services offered by the Indian Railways, while asking the government to allow FDI in Railways.
The 1,967 MW plant has not been operating since August because of stoppage of natural gas supplies from domestic fields.
The progress we made in recent past should not detract us from making further structural reforms: Rajan
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
This is part of an 'aggressive and decisive set of action' to shore up the company.
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
The United States has lifted most of its sanctions against Iran after a UN watchdog reported that Tehran had complied with a nuclear weapons deal.
India will decide on going ahead with the foreign secretary-level talks with Pakistan only after operations to flush out terrorists from the IAF base at Pathankot is over.
