If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
A well-established tax system would have a predictable buoyancy - how fast the collections grow as a proportion to the growth of the economy. But that is not the case with GST. It is still undergoing substantial changes as the government responds to structural as well as administrative glitches.
'While the farmers are reeling under a huge debt burden, crop loss due to locust attacks and erratic rainfall, the state is also facing a COVID-19 challenge.' 'In this situation, you have Congress and BJP MLAs trying to outwit each other in a game of thrones'
West Bengal Chief Minister, Mamata Banerjee, on Friday invited industrialists to set up base in the state, but cautioned against acquiring land forcefully.
The top court directed the Secretary of the Union water resources ministry to personally appear before it on May 14 with a draft of the Cauvery management scheme to implement its verdict on water sharing between four states including Tamil Nadu and Karnataka.
Customers using mobile wallets, prepaid payments cards, and paper vouchers such as Sodexo have been absolved of liability for fraud if it is reported within three days.
'We are on the world map. Every country is watching this event.'
"Talks are the only option," Mehbooba said. "How long can you have a confrontation?"
Yet, no bank has been taken to task for its actions, says Harsh Roongta.
Financials and auto stocks were the top losers while energy and IT shares recovered
The year 2015 is likely to see an average pay increase of 11.3 per cent across job roles.
Akhilesh believes his catchment area is the 4.1 million new voters who are 18 to 19 years old.
If people can lobby me for making changes in policies that goes against the country's interest, I won't keep myself in this position, says the vice chairman of NITI Aayog.
'Even as discord over US-India trade and commerce colours diplomatic relations, defence relations between the two countries remain on a firm footing,' points out Ajai Shukla.
.jpg)
Most conflicts arise from government takeover of land, often on behalf of private investors: Report
Targeting opposition parties, Adityanath alleged the agricultural land on which tribals used to practice traditional agriculture was registered "in the name of a Congress leader in a wrong way in 1955". He also claimed that the village head and his brother involved in the incident were associated with the Samajwadi Party.
In an important decision ahead of the assembly polls, the Maharashtra government on Monday announced closure of 44 toll plazas, a move that comes in the backdrop of protests over levy of road tax in the state.
'How many people have died in India so far due to Covid?' 'Multiply that by at least four, and that many people in intense grief are there in the country.'
Because of lack of pilots, airlines have been forced to cancel their flights and rework their schedules, constraining cash flows and delaying vendor payments.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
'The workers's dance of wilful destruction has the potential to kill all investments planned in India by any foreign entity,' argues Dr Sudhir Bisht.
The policy statement by the RBI governor is also expected to be upbeat.
The government should give the first right of refusal in the ensuing coal mine auction to the companies which lost the blocks in the mass cancellation by the Supreme Court on Wednesday, former Coal Secretary PC Parakh said.
The Union government has no 'Buy India' policy, but has a 'Buy Air India' policy.
Opposition parties questioned the law and order situation in Uttar Pradesh, where elections are due next year.
The first option that the state government might opt for is offer Infosys space in one of the SEZs that are coming up, but that is unlikely to be accepted
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
'The so-called economic reforms are for the rich.' 'The government should not facilitate and entertain this kind of lust for land by the capitalists.'
'In economic matters governments should not take sides based on religion and caste,' says T C A Srinivasa-Raghavan.
The central bank dashed hopes of any steep interest rate reduction.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
From your fingerprint to most private images and financial info -- all your privacy is under constant threat from hackers.
Ponzi schemes have characteristics that the informed investor can spot easily.
GMR Infrastructure is part of a consortium led by Philippines-based construction company Megawide Construction which submitted a bid of 14.4 billion Philippine pesos or around $326 million.
Multiple reasons accounted for the losses, including manpower crunch and lack of clarity on the merger of National, United and Oriental, reports Namrata Acharya.
'All of Indira Gandhi's bad economic ideas are being strengthened, from nationalised banks to anti-poverty, handout yojanas,' says Shekhar Gupta.
Amit Shah said Congress cannot mislead people as they know who took away farmers' land and benefited business houses by giving away spectrum and coal mines in the past
Public purpose is not defined in any treaty that India has signed.
A collaborative approach can yield better results in reforming labour laws that can be implemented in the whole country, instead of different states following different norms in their own jurisdictions. That approach could also help the governments convince the trade unions to see merit in these reforms, says A K Bhattacharya.
This time, the global appetite for risk is in favour of India.
