Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
Indian govt must find solution to ever increasing LPG subsidy. Govt must cap LPG subsidy.
The winds of nationalism laden with religion will now yield to those of concern over the stalled economy, unemployment, and a general malaise and unhappiness, predicts Shekhar Gupta.
Under-recovery or revenue loss on diesel has risen to Rs 10.48 per litre from Rs 9.99 a litre in the first fortnight of December, an official statement said in New Delhi.
Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.
One way to bring down the cost is selling off old furniture.
The government, he said, has implemented 'bold reforms'.
Rajan's remarks come as the Modi-led government completes one year.
The prime minister said the Congress has run away from the battlefield conceding defeat in the 68-member assembly.
If purists are surprised as to why and how people are not demanding prohibition or not talking about past promises, both in the election manifestos five years back and even those made to the courts, the answer lies in how the state has been evolving and changing these past few years, says N Sathiya Moorthy.
Credibility of fiscal promises is a virtue that no finance minister can afford to lose.
Four specific areas will be watched carefully in the first half of FY16
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
Jaitley has managed the difficult feat of sticking to the fiscal correction.
Leaders from Telangana and Andhra Pradesh gave an exhaustive account of the reasons for the party's defeat to party general secretary Digvijaya Singh on Monday and enumerated the steps to be taken for rebuilding the party. Rediff.com contributor Anita Katyal reports.
'The secretary asked if I would give in writing that I would not slaughter goats inside the building compound during Bakri Eid.' Syed Firdaus Ashraf highlights the travails of a non-vegetarian family in a predominantly vegetarian housing society in Mumbai.
If Mr Modi has to win, he must convince the people of this country how his reforms improved the quality of their lives.
The Economic Survey was tabled in the Parliament on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Modi ranks 9th on the Forbes list of 74 of the World's Most Powerful People.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
FM should avoid proposals such as to tax financial transactions and fringe benefits
The finance ministry website that lists the total disinvestment revenues to be mobilised during the current year already shows that no receipts are expected from strategic sales in the current year.
The Modi government's array of economic policy has been impressive.
The students of Marjory Stoneman Douglas and other United States schools, Tim Cook, India's Indira Jaising and Mukesh Ambani. The names mentioned above have nothing in common... until now. They have all been named as Fortune's World's 50 Greatest Leaders. Here are some of the prominent names mentioned in the list.
India is currently the world's fourth-largest oil consumer after the United States, China and Japan
Monday's drop followed an 8.5 per cent slump in Chinese markets.
'There are two pre-conditions for big reforms. One, a sense of crisis and second, fairly concentrated levers of power.' 'India is growing at 7.5 per cent or something close to that.' 'Our levers of power are decentralised, not just between the Centre and states. Power is dispersed and there is no sense of crisis.'
There are many collateral advantages of taking the tough decision.
Arunabha Ghosh on why India will increasingly become an energy great power, but not an energy hegemon.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
The BJP's win in the Uttar Pradesh assembly polls has emboldened the top leadership to pursue a pro-woman agenda.
According to a new subsidy sharing formula, the payout of upstream oil producers like ONGC is to be reduced to the extent of Rs 4,500 per tonne oil development cess they pay to the government, sources privy to the development said.
In Budget 2015, the finance minister has opted to take the slow road and has doubled the cess on coal to "balance the need to tax pollution and the price of power" in his words.
"Crores of Muslim women had always demanded that triple talaq should be banned, as it is also banned in Islamic countries," he said.
On Thursday, Oil Minister Dharmendra Pradhan had stated that the government was reworking the subsidy-sharing formula.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
Nandan Nilekani and his wife Rohini are trying to improve education across India.
'The Congress can't return to power unless it reins in prices, lowers interest rates, taxes the rich,' says Praful Bidwai. 'If this means sacking those most responsible for the UPA's pro-big business policies including Finance Minister Chidambaram, so be it!'
North Korea warns the US that it will soon 'suffer the greatest pain it ever experienced in its history'. Rajaram Panda looks at the latest twist in the North Korean crisis.
