The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
While commercial vehicle (CV) sales were the worst hit, down by 21 per cent to 67,793 units from 85,833 units, two-wheeler sales dropped by 16 per cent to 12,64,169 units from 15,00,545 units. Passenger car sales dropped nine per cent to 215,716 units from 236,586 units.
What has not changed in a decade is the character of Rizwan Khan. He is complex, multi-dimensional and lovable. In fact, his character continues to grow on you, notes Mohammad Asim Siddiqui.
'It is high time the government of Kerala stops appointing policemen without teaching them the IPC.'
The finance ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loans, in as many as 19 legislations to help businesses tide over the crisis caused by the coronavirus outbreak. The 19 legislations include Negotiable Instruments Act (cheque bounce), SARFAESI Act (repayment of bank loans), LIC Act, PFRDA Act, RBI Act, NHB Act, Banking Regulation Act and Chit Funds Act.
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance. Developed countries have a higher contribution of tax to their GDP.
Nivedita Mookerji explains why a timely rollout of 5G may not be easy in India.
'Modi has not lacked courage in the political sphere. It is time he showed it in the economic sphere as well.' 'To do this, he needs to shed the simple-minded nostrums about economic growth and swadeshi that he learnt in the Sangh Parivar,' suggests Virendra Kapoor.
Turning tables on Congress and left thinkers, Finance Minister Arun Jaitley on Sunday accused them of practising "ideological intolerance" towards the Bharatiya Janata Party and Prime Minister Narendra Modi and trying to project India as an intolerant society through structured and organised propaganda.
'In China there is capital punishment for heritage theft. That is how they treat criminals, unlike us.' 'Here we treat them like it's a house-breaking theft.'
'I don't believe that it beholds democracies like us who claim to be the largest democracy in the world, to have such a thin skin about the possibility of foreign commentary.'
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand.
'It reminded me of the Ramayana, a story that runs in every Indian's blood.'
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
'I'm very proud of having worked with one of the finest minds of India and Indian cinema.'
Not just in the fight against COVID-19, but also in politics, economics and society, observes Ajit Balakrishnan.
Lenders have lined up a number of home loan products that can fit every aspirant's annual income.
We celebrate Dassera and regard it as an auspicious day as a day of victory of good over evil! So was 16 December! It is time we regard this day as auspicious as Dassera in future, observes Colonel Anil A Athale (retd).
India and Pakistan must reform their institutions of governance to accelerate economic growth on a sustained basis for poverty reduction, lawmakers and experts from both the countries attending a meeting in Dubai said notwithstanding the chill in bilateral ties.
Rahul Bajaj, chairman Bajaj Auto, speaks about what business is, corporate governance, and corruption.
Vaid said NIA raids were not alone responsible for a drop in stone-pelting incidents.
'Mamata wanted the Congress in alliance with the BJP in Bengal against the Left Front government.' 'Pranab Mukherjee opposed it, stating it would amount to compromising on secularism.' 'In 2021, Mamata defeats the BJP and becomes a champion of secularism.'
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
While Prime Minister Modi grapples with serious matters of State so very successfully, may I urge that he focus just a bit of attention on the economy, says Manoj Mohanka.
A survey of 300 engineering colleges revealed that only 29 per cent engineers are employable, while 30 per cent can be made employable after further studies, whereas 48 per cent are simply not employable
'Farmers' issues will rule the narrative in the 2019 elections.'
'President-elect Biden, in particular, has deep knowledge of, and experience with, dealing with India, serving as a custodian and champion of the relationship long before it was fashionable to do so.'
The prime minister also said the government has offered to discuss clause by clause of the three farm laws and if there are any shortcomings it was ready to make changes.
'This Ram Navami -- the birth anniversary of Lord Ram -- presents the majority community an opportunity to shed its minority complex and offer an olive branch and discrimination- free society to the minority,' suggests Colonel Anil A Athale (retd).
'It is just that they are not in the limelight in a city like Mumbai.' 'It is not a lonely journey, but a tough journey for sure.'
This will ensure its vehicles reach dealers much faster and delivered to buyers in a maximum of three days, reports Shally Seth Mohile.
'We all know that when the Babri Masjid was demolished, P V Narasimha Rao was prime minister.' 'He did not do anything to stop the demolition.'
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
Ajit Balakrishnan offers a New Year resolution for our policy-makers.
Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market.
It all started with a city-based IT solutions company setting out to build a technology platform for agricultural cooperative societies that would enable provision of banking services in rural areas at just two percent extra cost compared with urban bank branches.
Ambani says nation on the cusp of a digital revolution
'COVID-19 will not stop the expansion of China's 'infrastructure power'.'
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