There has been a decline in foreign direct inflow from China in the last three years, with FDI coming down to USD 163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed the Lok Sabha on Monday. Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, he said, it was USD 350.22 million in 2017-18, while it declined to USD 229 million in the following year.
The chargesheet said according to the 'budget sheet, 30 million were paid to Air Force officers.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
'Today's India is fearless and is on track to be a great power. But this is definitely not happening without women, who form 48 per cent of our population.'
Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," he said. Modi also said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has "no business to be in business".
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
Every option before the finance minister comes with a price tag, observes T N Ninan.
'We must look at the entire question of military preparedness anew, taking into account the new realities,' says Vice Admiral Premvir Das (retd).
'He has a splendid opportunity to capitalise on the CPEC and turn the economy around decisively, putting Pakistan firmly on a higher growth trajectory.' 'Indeed, under the Imran-Bajwa dispensation, there has been a noticeable whittling down of support to militant groups,' points out Ambassador M K Bhadrakumar.
'Even if your soldiers are Sunny Deol and Vicky Kaushal, Pakistanis are no Johnny Walkers.' 'The one lot who never takes them lightly is India's professional soldiers.' 'That's why they keep winning the real wars,' says Shekhar Gupta.
The 'slow pace' of acquisition of weapon systems is a matter of concern and the new government will work towards 'expediting' the procurement process to meet the requirements of the armed forces, Defence Minister Arun Jaitley said on Tuesday.
The Madras high court has ordered the winding up of private carrier SpiceJet Limited and directed the official Liquidator attached to the high court to take over its assets, in a plea filed by a Swiss company over unpaid dues. The court was allowing a company petition from Credit Suisse AG, a stock corporation registered under the laws of Switzerland, which prayed for winding up of the Indian firm under the provisions of the Companies Act, 1956 and appoint the Official Liquidator of the high court as the liquidator with all powers under Section 448 of the Companies Act to take charge of SpiceJet's assets, properties, stock in trade and books of accounts. The "respondent company (SpiceJet) has miserably failed to satisfy the three pronged test suggested by the Supreme Court in Mathusudan Govardhandas & Co v Madhu Woollen Industries (P) Ltd, and hence had rendered itself liable to be wound up for its inability to pay its debts under Section 433 (e) of the Companies Act 1956," Justice R Subramanian said in his order on Monday and directed the private carrier be wound up and the official liquidator take over its assets.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
EY said out of the nearly Rs 21 lakh crore package, Rs 8.01 lakh crore is on account of liquidity enhancing measures taken by the RBI since February.
Prime Minister Narendra Modi promised a conducive environment for manufacturers, including a discrimination-free tax system
The authoritative Congressional Research Service, which provides data and analysis to the US Congress, finds that India no longer features in the world's three biggest arms importers.
Stalin, like his father M Karunanidhi did in 2004, may play the king-maker in a way -- not the king, unless the 2024 post-poll circumstances throws up a situation where he alone becomes acceptable to the rest, observes N Sathiya Moorthy.
'She has to get the funds, cut through bureaucratic flab, speed up modernisation, ensure planned acquisitions stick to timelines, make organisational changes and ensure the military is capable of performing the task that it is given,' says Brigadier S K Chatterjee (retd).
'It appears that Prime Minister Modi has to undo 50 years of State monopoly in the defence sector during which public undertakings like HAL or DRDO monopolised defence production and development with disastrous consequences.'
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
The Defence Minister said it has been decided to give women permanent commission in the Army, Navy and the Air Force like their male counterparts.
It is a tribute to India's democracy, however flawed, that the very same MPs who had harangued her intermittently from Opposition benches now surged towards her, anxiety writ large on their faces. One offered her some homoeopathic tablets, another advised her to stay seated, another grasped her hand wishing her good health... the crowd parted as Prime Minister Narendra Modi strode up to congratulate her. But it was mostly well-wishers from the Opposition and the NDA that kept the finance minister cocooned with good wishes until it was time to leave, reports Aditi Phadnis.
'Event management can distract from, but not permanently mask, execution failures,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
Among others, China is developing the strategically located Gwadar port in Balochistan, which is aimed towards having a military presence, says a Pentagon report
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
Washington might occasionally make some noises about alleged human rights violations and related issues but commonality of interests will only see the Indo-US ties grow stronger, observes Virendra Kapoor.
With no payments coming in, HAL for the first time ever taken a bank loan of Rs 7.81 billion.
He was a leader who enjoyed acceptance from all sections of the BJP and beyond.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The reshuffle is likely to take place after the ongoing Budget session ends on April 12, reports Archis Mohan.
The panel's report also provides a range for fiscal deficit and debt path of both the Union and states and also recommended additional borrowing room to states based on performance in power sector reforms. Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations. The report of the 15th Finance Commission was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman.
Cyberspace is a battleground as important as the traditional domains of air, land, sea and space, says US Defence Secretary Ash Carter, who visits India next week.
For every rupee in the government coffer, 70 paise will come from direct and indirect taxes, while the government will spend 23 paise towards the states' share of taxes and duties.
Catch all the debates and discussions from the Upper and Lower Houses.
Leaking of official secrets of military operations is treason and those involved in it must be punished, the Congress said on Wednesday on the purported WhatsApp chats of Republic TV editor-in-chief Arnab Goswami and demanded that the prime minister must come clean.
'I give Modi full credit, for brilliantly using his personal diplomacy, his personal stature, to accomplish his goals...'
In early 2017, Amit A Shah warned Nara Chandrababu Naidu that Narendra D Modi was not like Atal Bihari Vajpayee to yield to pressure tactics. Soon, Naidu was to discover this for himself.
>Putin's last-minute intervention with PM salvages $5.43 bn pact.
'It is imperative to restore the dignity and authority of the services chiefs. Erosion of this has resulted in lowering of service efficiency. It is also time to end the practice of taking seniority as the sole criterion for appointing chiefs.'
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
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