We have to wait and see whether Jaitley's Budget speech translates into actions and desired outcomes, says T N C Rajagopalan.
RBI said the improvement in asset quality was driven by state-run lenders which saw a drop both in both GNPA and in the net NPA ratios.
The BJP veteran was detained on Monday evening while protesting against the state government's "apathy" towards the farmers of Vidarbha. He was taken to the district police headquarters and later released.
BJP is hiding behind a GDP number which is being challenged. People are not dazzled by it, but are asking 'where are the jobs?'
'Urjit Patel was not quite the picture of courage, but even he turned, he had to turn.' 'Perhaps there is something that is far more sinister than what we are aware of, which is the reason for his resigation.'
As the Congress party prepares to launch protests against the economic slowdown, Chhattisgarh Chief Minister Bhupesh Baghel tells Archis Mohan that his state has escaped its effects as his government has pursued policies that have put money in the pockets of workers, farmers, housewives and tribals, which has helped spur demand.
'There is no money with the villagers as there is little work.'
Despite the growing clamour from the central government on India turning digital, and banks requesting direct bank account transfer, the state government decided to hand over cheques to the farmers, which can be immediately converted into cash.
The party's gamble to go in for early elections paid rich dividends.
The 79-year-old widely respected and popular leader steered the Congress in 2017 to a landslide victory in the 117-member assembly to occupy the chief minister's post for the second time.
Modi also said that presently a 'new trend' is being seen in the country where protests are based on creating doubts through misinformation while union ministers urged farmers not to have any misconceptions about the three agriculture reform legislations.
Farmer organisations also called for boycott of mandis or wholesale markets in Punjab, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh and Mahrashtra, leading to fears of shortage and price rise.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
In view of the volatile situation, the Centre rushed 1,100 personnel of anti-riot Rapid Action Force.
Chouhan met some farmer leaders on Saturday, but failed to reach a compromise.
The manifesto was unveiled by Jayalalithaa at a public rally, in a departure from usual practice of release at party headquarters in Chennai.
Budget speeches have been replete with incomprehensible and even hilarious statements, says Rathin Roy.
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
A countrywide call for a 'gram bandh' between June 1 and 10 is set to be centred on Mandsaur district of the state.
The government will stand guarantor for loans to be disbursed to youth from the community.
The origin of the challenge is the so-called "fresh start" process. Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the credit culture. So, while'Fresh start' is a welcome step as it will free up the debtors from the archaic laws of the colonial era, debtors need handholding and counselling to prevent any misuse, says Tamal Bandyopadhyay.
Assuming office for the sixth time as chief minister, Jayalalithaa began a new chapter in her chequered political career.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
Shortly after the Union Budget was announced, political leaders from across the spectrum reacted to it. Here's what some of our leaders said.
The results, while bringing the Congress back to power in this state, also end the rule of the 66-year-old BJP stalwart, who has earned several monikers during his 15-year-long tenure -- Doctor saheb being a trained Ayurvedic medical practitioner, chaur wale baba for his popular rice scheme and the 'Mobile Wale Baba' for giving free smartphones to 50 lakh women and students.
Insisting that PM Modi has consistently cared for the farmers, Goyal said the Rs 75,000 earmarked for paying Rs 6,000 per annum to each of 12 crore farmers is not one time but a 'sustainable' provision.
Most farmers want to give Modi a second chance. They hope that the BJP loses at least 50 seats, so that it is dependent on its coalition partners who will then keep a check on Modi.
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.
Prime Minister Narendra Modi on Monday slammed those calling agitating Sikh farmers names, saying it won't do the country any good as he went on to appeal to the protesting farmers to withdraw their over two-month-long stir and give the new agriculture reform laws a chance.
Telangana's Rythu Bandhu policy is an embryonic UBI, or rather embryonic QUBI (a quasi-universal basic income, pronounced Kyoo-Bee). And it could potentially also be the future of agricultural policy in India, says Arvind Subramanian.
Can compassion, common courtesy or an 'emotional connect' win seats in the harsh realpolitik of UP, a state riddled with divisions of caste and religion, and confronted with a seemingly impregnable BSP-SP alliance? asks Sunil Sethi.
At first look, the reader would be aghast at the similarities in the DMK and AIADMK's manifestos, wondering if the same hand had drafted both. Yet, when it comes to drinking water and irrigation supplies, both parties are equally silent on the subject -- as if summer did not exist, as didn't water scarcity, says N Sathiya Moorthy.
The Tamil Nadu Assembly on Friday passed a bill providing internal reservation of 10.5 per cent for Vanniyars, a most backward community in government jobs and in admission to educational institutions.
It's been over two months since the flood waters receded, and it would seem with it so has anger against either the state government or the BJP-Sena candidates, reports Archis Mohan.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
Hordes of cows rampage through the fields, eating everything in sight. This is after the UP government banned slaughter of cattle. As a result, farmers whose cows become old and are a liability simply sets them loose.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
In Madhya Pradesh, the C-Voter poll projections gave the BJP 107 seats with a vote share of 41.5 per cent, against Congress' vote share of 42.3 per cent and a simple majority of 116 seats.
