The removal of over 54,000 accounts was the largest such removal yet.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
The revised salaries of central government employees are likely to be paid from July 1, 2016.
The decision, taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi, comes less than a year before next general election.
Officials in the power department said industrial demand (which accounts for 40 per cent of the state's power consumption) didn't rise last year, contributing to surplus power.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
Canada is the top supplier of pulses to India, which is expected to import 1 million tonnes more this year.
It is worrisome that salaries are consuming as much expenditure as equipment.
In April, RBI had projected retail inflation to be around 5 per cent.
The 6-member Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi-monthly review, kept the repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
In his blog, sikka said, "It is clear to me that despite our successes over the last three years, and the powerful seeds of innovation that we have sown, I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks."
Both are focused on the overall transportation business, in which taxi services are only a part; the extended ambit includes autos, motorbikes, cycles, electric vehicles, water transport as well as food delivery services, says Surajeet Das Gupta.
"The main risk stems from the uncertainty surrounding the outcome of the south west monsoon in view of the rising probability of an El Nio event around July-August, and its implications for food inflation," RBI said, as it kept the status quo on key interest rate for the third time in a row.
With a view to increase efficiency and competition in the power sector, Central Electricity Regulatory Commission on Monday allowed open access in transmission system to power generating and distributing companies with immediate effect.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Favouring independent regulators for railways and road sector, Planning Commission deputy chairman Montek Singh Ahluwalia on Friday stressed on the need for proper policy framework defining the role of these monitors.
Representatives of the Maratha community attributed the stepping up of pressure by the community to the "arrogance and lies" told to its members by the Bharatiya Janata Party-led government, and the "uncontrolled anger" among its youth over the delay in getting reservations.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
Post the correction over the past one year, we are seeing opportunities across sectors.
Noting that several external probes are currently underway -- including police investigation -- preliminary inquiry conducted by the district administration, inquiry by State Sports Secretary and inquiry by State Human Rights Commission, "hence it would not be appropriate to make any specific comment in this regard."
Nestle says newly manufactured Maggi found safe in tests; to start retail sales this month.
Deputy CM Manish Sisodia says it's the 'biggest failure of our system'.
With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
The government hopes of registering GDP growth rate ranging between 6.1-6.7 per cent in 2013-14.
Sale of expensive sarees rose by 1,751 per cent while consumption of honey by 380 per cent.
From NITI Aayog to industry leaders to the Reserve Bank of India, all are apprehensive that any major increase in MSP, following the 2018-19 Budget announcements, would push up prices, if not immediately, in the next six to eight months after the decision is taken.
'At this stage, you should distribute money and food.' 'Like you queue up to vote, let people queue up to collect this.' 'This will arrest the decline in demand which will have a multiplier effect on the demand side for the economy as a whole.' 'The government should earmark about 2% of the GDP for this.' 'And this should be the first step to revive the economy.'
The Centre is likely to announce next month a hike in dearness allowance by 10 per cent to 100 per cent, benefiting about 50 lakh employees and 30 lakh pensioners.
The automaker was found to have engaged in anti-competitive practices.
The new MSP would worsen, rather than rectify, the two most pressing problems of Indian agriculture: Wastage of water from all sources and a tendency towards monocropping, says Shreekant Sambrani. On the other hand, a simple-minded recourse to them without a host of supporting measures could well exacerbate not just agriculture, but the overall economy as well, says Shreekant Sambrani.
A bench headed by Chief Justice P Sathasivam said that the plea of the Centre would be taken up for hearing on October 8.
'Persisting with the inequalities, indeed seeing them get worse, is no one's prescription for national unity,' notes T N Ninan.
