India has remained obsessed with cheap capital and infrastructure spending when instead the central constraint on Indian development remains the abysmal quality of Indians' skills, says Mihir Sharma.
The removal of over 54,000 accounts was the largest such removal yet.
Debit card use at POS terminals increasing at rapid clip, transactions at ATMs declining
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Myntra expects to reach $100-million annual revenue.
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'When you forgive a farmer's loans there is this ideological economists lobby which says: 'That's socialism. And that's bad'.' 'But to forgive the loans of big people, so that they will be interested to invest further is capitalism and is good.'
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
'You need to devalue the currency, ignite inflation, which then begins to oil the wheels of the economy.' 'Without that this severe recession is not going to reverse.'
Younger party leaders are livid with the Murli Manohar Joshi-headed manifesto drafting committee for not taking their suggestions, reports Archis Mohan.
There is lack of scientific basis in computing the poverty line, says govt.
Household consumption recovered in urban India in May-July but remains weak in rural.
More lucrative routinely prescribed drugs are at higher risk of failing quality standards
Customer insight drives the online fashion retailer to launch 'mood' stores, rethink the way it sells its wares.
Messaging is going to become the highway for the people coming on to the Internet, says Kavin Bharti Mittal.
A moderate GST rate obviates the need for the two-rate structure.
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Unless there is a sharp uptick in oil prices, Fed may push back rate hike
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The mind block against online education is crumbling and the demand may be led not just by parents but also teachers.
Dhruv Shringi, co-founder and chief executive officer (CEO) at Yatra, tells Ajay Modi that Indian online travel market is definitely moving into a duopoly situation.
Robust growth in indirect tax receipts points to a nascent revival in manufacturing sector.
Traders have all but given up attempting to predict where the new-year rout will end
'Where will the next 200 million users that will come online in India prefer to go? Will they buy a data pack, or will they use the free Internet?' 'What will happen when most of the Internet in India is inside a walled garden?'
The study says the entire supply chain of goods and services will suffer a massive liquidity shock.
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Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
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Ma is also exploring strategic play in one of the largest media houses in India.
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
The basics and history of India's tax policy suggests that increase in the number of taxpayers has occurred and so has compliance with a reduction of tax slabs and moderate rates of tax.
As many as nine crore people would be out from the state of abject poverty in next 5 years if India could stop inequality from rising and levy a nominal tax on the super riches to narrow the rich and poor divide, a report said.
Sources indicated that Tata Salt has set aside about 8-10% of their marketing budget for the Olympics this year.
'Inquiries and bookings are at quite a healthy level.'
Calling out the high real interest rates -- the differential between the policy rate and headline inflation -- as an impediment to investment, the SBI report said the RBI can cut rates by 0.35-0.50 per cent at its next policy announcement.
India Inc is shying away from investing in digital technologies.
HDFC and Infosys contribute the most to today's rally.
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It takes 6 to 8 months after the approval for a product to hit stores.
Renault will start with a slew of new products that will be launched over the second half of this year and next year, apart from giving facelifts to the Kwid and Duster.
