Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
Modi govt is committed to extend the piped gas networks in the country to 30,000 kms in the next 15 years as against the 15,000 kms network today
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
Rural inflation running higher than urban: HSBC
India, which imports over 80 per cent of its oil needs, spent $87.7 billion on importing 220.43 million tonne (MT) of crude oil in 2017-18. For 2018-19, the imports are pegged at almost 227 MT.
Amid a spate of government proposals at its door, the Election Commission has asked all Union government departments to route their proposals through the Cabinet Secretariat.
The government is determined to stop generation of black money, he said.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
Maruti Suzuki is set to steer its fourth brand into 2 million club. The numbers convey a sense of the contribution that WagonR makes to Maruti Suzuki.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The pricing and marketing freedom for exploitation would be capped by a ceiling price.
Diesel prices have cumulatively risen by Rs 10.68 a litre in 17 instalments since January 2013 when the United Progressive Alliance government had decided on the monthly hikes.
An interplay of Modi government's outreach in Bihar and the sequence of events in Chirag Paswan's life could make Bihar a game of musical chairs when the results are out.
The government's subsidy bill towards oil, fertilisers runs into lakhs of crores of rupees.
It is the seventh reduction in jet fuel rates since August
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
Long queues outside grocery stores, inflated prices, difficulty in getting important items -- these were some of the problems encountered by people in the National Capital Region (NCR).
'We have the more difficult reforms to do such as the reduction of subsidy, the insurance and pension sector reform, eliminating bureaucratic red tape and implementing Goods and Services Tax'
Renewable energy is mistakenly restricted to electricity.
For the first time in more than a decade, diesel demand has declined this fiscal as monthly price hikes and increased power generation clipped consumption, Indian Oil Corporation (IOC) Chairman R S Butola said.
Link between oil exploration and markets can be used by India to great advantage.
Markets ended at record closing highs for the second day in a row on institutional buying.
Announcing the start of day-time domestic commercial operations, the Airports Authority of India said on Saturday night that decision on night operations would be taken on Sunday.
India must streamline reforms, only then it will see success.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
'Our intentions are clear. If I keep all the acquired land under the ownership of the government, why do you raise questions about my intentions?' 'One achievement of my ministry would be the gas pricing policy. Two, we made a delivery mechanism (for domestic LPG) which is the largest in the world. We are crediting money to the poor directly. It is the biggest structure of direct subsidy transfer.' 'It is very easy to work with Modi. He gives everyone a chance in decision-making. I have become a minister for the very first time, but if we want to raise any issues in the Cabinet, we have full freedom to do so.' The second and final part of Union Oil Minister Dharmendra Pradhan's exclusive interview with Sheela Bhatt/Rediff.com.
Business subsidies may attract tax
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
The government chose moral persuasion to make people give up subsidies, notes Rahul Khullar.
The Petroleum Ministry has asked for Rs 26,000 crore (Rs 260 billion) as fuel subsidy for the third quarter of this financial year, but the finance ministry is inclined to provide only Rs 10,000 crore (Rs 100 billion) cash support.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
India expects to remain unscathed this time, mainly because it is in a sweet spot as the world's third largest oil consumer, after the US and China, says Subhomoy Bhattacharjee.
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
The Sheikh Hasina-Narendra Modi summit put India-Bangladesh ties on a firmer pitch. Brigadier S K Chatterji (retd) takes stock.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
'...because the party is based on the Constitution.'
The broader markets, however, outperformed their larger peers.
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