Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.
The railways ministry has a capex target of Rs 1 lakh crore for the financial year.
The study points out that for the determination of growth and investment at the macroeconomic level, the real interest rate is more relevant, even though the nominal interest rate is important for investment planning at the firm level.
'there is absolutely no question that the Hinduism of the mob-lynchers, the people who have actually gone and killed others because of what they are eating or how they are worshipping or the faith they belong to or what they're doing professionally, those are, to my mind, not Hindus at all.' 'Hinduism needs to be reclaimed for the Hindus who are not bigots.'
China and India have approached trade negotiations very differently: the former with confidence, the latter in a defensive crouch, says T N Ninan.
'The BJP has no presence where the regional parties are strong.' 'And we should think of the Congress and support the Congress in those places where it is the dominant regional party.' 'The leaders of the other parties (have to) get together on this simple principle of one candidate against the BJP candidate.'
Administration is an evolving process, requiring the civil service to constantly re-invent itself to meet new challenges. The administration must become accountable to the law of the land and to the people.
'Most likely scenario is Modi comes back with either a much smaller majority and no majority at all and a coalition.' 'Very hard to imagine him doing better than he did last time.' 'He will then be a weaker prime minister,' the author of The Billionaire Raj tells Rediff.com's Vaihayasi Pande Daniel.
Uber cab driver Shiv Kumar Yadav will spend the rest of his life behind the bars, with a Delhi court on Tuesday sentencing him for the "remainder of his life" for raping a woman executive in his taxi 11 months ago
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
For the thousands of destitute that Mother Teresa treated, she was 'god incarnate' and her hand was the miracle of love the poor needed. Attributing scientifically-unproven remedies as miracles does not help the followers of Missionaries of Charity and humanity in general, says Pallava Bagla.
'When the national anthem of India was sung and joined by all present with the PM in front, it was the best moment of the whole night.'
The railway minister has steered clear of populist traps and refrained from making grandiose announcements in terms of new trains and new rail routes. He should now emulate China, and rope in Japan in boosting the rail network, says Rajeev Sharma.
'In a future where newspapers are gone, the public will have a severe lack of material to be properly informed.' 'We will be left in a world of journalism that is entirely populated by Arnab and anchors like him, competing on the basis of passion and anger, and by people who pull out their phone and tweet a comment without first hand information,' says Aakar Patel.
'The role of Parliament is to hold the government of the day, whichever party is in power, accountable for its actions, policies.' 'The amount we are wasting on Parliament is a very miniscule amount. But the cost of delay in policy-making is huge and that affects the entire nation.'
The successful implementation of the new Act will depend on a much bigger involvement of the state through a huge new superstructure of registration, certification and supervision
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
Many from this small lender have made it to other bank boards over the past 5 years
India has criticised the UN over lack of any 'specific concrete action' by member states to penalise those who attack.
'A dangerous and false binary is now surfacing in Indian political discourse, which must be firmly rejected.' 'It is that we have to choose between freedom and development.' 'For us freedom is neither merely an instrument for development nor to be subordinated to development.' 'It is, as our founding fathers proclaimed early in our freedom struggle, 'our birthright' on which we shall never compromise.' 'Growth, wealth and development are fruits of democracy, not substitutes.' Dr Manmohan Singh's thoughts on democracy: A Must Read!
A homoeopathic state of mind pervades our thinking in governance and infrastructure-building. Do it in small, harmless doses, but nothing bitter, sharp, or bloody, says Shekhar Gupta.
More than predicting the nature of elections, a closer scrutiny of seat and vote share difference yields an important tool to assess the value of our democratic process, say economists Yugank Goyal and Arun Kumar Kaushik
Power plant load factors are at historic lows of around 60 per cent.
The problem of stressed assets needs to be addressed with effective recovery.
To begin, the Budget has no doubt attempted to address uncertainty.
The completely avoidable mess that the finance ministry found itself in was rather surprising, says Debashis Basu.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
The new mining policy must be rock solid
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
British India Corporation employs about 1,800 people
'In his 2014 election campaign, Mr Modi had boasted that he would apply the Gujarat model to the rest of India. We just have to ensure he doesn't start with Parliament,' says Shashi Tharoor in this fascinating excerpt from his new book, The Paradoxical Prime Minister: Narendra Modi And His India.
Appraising Rediff.com about the meeting, a source close to Dr Singh said Modi sought Dr Singh's advice on the economy and foreign policy. Dr Singh told Modi that he concurs with the Reserve Bank of India's concerns about the Indian economy.
'It is exceptionally important for Hindus to once again get in touch with the foundation of Hinduism.' 'Aggressive evangelists are reducing Hinduism to its lowest common denominator.'
Students' flagging interest in the written word is because of a generational digital divide, says Ajit Balakrishnan.
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
There is nothing the young Purvanchali wants more desperately than to escape to a place with less hopelessness, and some opportunity, discovers Shekhar Gupta.
