This race among parties to woo the farmers mainly stems from the analysis of political pundits that the peasant class played a crucial role in the defeat of the BJP in Rajasthan, MP and Chhattisgarh.
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit.
The two-day rally will be one of the largest congregations of farmers in Delhi, the AIKSCC has claimed.
With Maharashtra Chief Minister Devendra Fadnavis having turned down the demand to write-off farm loan, Shiv Sena on Wednesday said the curse of farmers, with whose blessings the government came to power, could ruin everything.
A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the high court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman's assets in India. Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs handed down his judgment in favour of the banks to declare there is no public policy that prevents a waiver of security rights, as argued by Mallya's lawyers. At a virtual hearing, July 26 was set as the date for final arguments for and against granting a bankruptcy order against the 65-year-old Mallya after the banks accused him of trying to "kick matters into the long grass" and called on the "bankruptcy petition to be brought to its inevitable end".
The new governments will have to spend much more than Rs 220 billion in Rajasthan, more than Rs 160 billion in MP, and nearly Rs 30 billion in Chhattisgarh.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
The Congress needs to reorganise itself at the grassroots, infuse younger blood, and have more boots on the ground. Just offering freebies is not the answer anymore. Leadership matters, asserts Ramesh Menon.
Gandhi is out to "connect" Bharat but he needs to study Indian history first, Shah said.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
The scheme offers waiver of interest, penalty, and prosecution for settling tax disputes.
Budget announcements will come right before five states, with population of around 250 million, go to polls.
A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines. At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK. While the banks argued a right to waive their security over the Indian assets involved in the case in order to recover their debt in the UK, lawyers for the 65-year-old businessman argued that the funds in question involved public money held by state-owned banks in India which precluded them from such a security waiver.
'Here's a list of the things we should be reading more about in the media,' says Mitali Saran.
The biggest farm loan waiver in India's history to win over the rural masses may not have struck a chord with farmers in Punjab and Haryana.
Sharad Joshi, president of the newly formed Swatantra Bharat Paksha, tells Business Standard that all the Indian farmer wants is a free access to the market.
'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'
'All of us have believed in decentralisation. You may not like property taxation, neither do I. My solution is that the Centre does the tax collection, but we can give a matching grant instead of redistribution,' says the outgoing CEA, Arvind Subramanian.
The government is considering giving more time to farmers to repay their loans under the debt relief programme that allows parital loan waiver to large farmers.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
With her long-standing demand for a loan waiver yet to be met by successive governments at the Centre, West Bengal Chief Minister Mamata Banerjee on Thursday sought financial independence for states.
A coordination panel comprising senior leaders of the ruling Maha Vikas Aghadi alliance in Maharashtra will look into various aspects of the National Population Register (NPR), Chief Minister Uddhav Thackeray said in Mumbai on Tuesday. Addressing the media in Vidhan Bhavan in south Mumbai, where the budget session of the state legislature is underway, Thackeray said, "Responsible leaders of the three parties will be part of it (coordination committee on NPR)." "I won't let anyone snatch the rights of any citizens of Maharashtra. I am very clear on this," he said, when asked about differences in the ruling alliance over the implementation of NPR in the state.
The Cabinet approved giving Bharti Airtel, Vodafone Idea Ltd and Reliance Jio an option to avail of a two-year moratorium on payments they were supposed to make in yearly installments for the spectrum bought in auctions.
'In this country, if any government acquires one of these images -- anti-farmer, or anti-poor or corrupt -- the government doesn't survive.' 'The Modi government is fast acquiring that anti-farmer image, that is why it is nervous.'
Palaniswami said, "I will take up with PM Narendra Modi the demands put forward by the farmers. I urge them to end this protest."
The incoming government will have to encourage private investments, bring down cost of capital
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
Congress vice president Rahul Gandhi on Thursday accused Prime Minister Narendra Modi of indulging in political exploitation of the sacrifices of soldiers in remarks that come in the wake of cross-LoC surgical strikes on terror launch pads in Pakistan-occupied Kashmir.
The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
Analysts worry about possible loan waiver.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
Ayyakannu, who is also president of the National South Indian Rivers Inter-Linking Farmers Association, said the decision to contest the polls from Uttar Pradesh was to urge the Bharatiya Janata Party to include in their manifesto that their demands, including "profitable prices for farm produce," would be fulfilled.
'Nothing will stop India's top three-four corporates who have become aggressive players in the agri-markets after Modi came to power from acting in concert to drive down at will the prices at which they buy from farmers.' 'These corporate houses have the wherewithal to purchase all the farm produce at low prices and store them for a long period of time.' 'Once the harvest season is over they will sell the same produce at higher prices.'
The bullet train project has faced stiff opposition from farmers and tribals whose lands are to be acquired.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
'Modi has given India its 'lost half-decade'. Elect him again and by 2024 it will be a lost decade'
The Great Agriculture Story that propelled Shivraj Singh Chouhan to power just won't sell any longer.
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
The Bharatiya Janata Party has taken a jibe at Kumaraswamy over his Singapore visit to celebrate the new year, at a time when most parts of the state are reeling under drought.
