'There are many cases where a company hits the wall because of reasons not under their control.' 'If you do not understand and appreciate that and paint all promoters with the same brush then definitely you are inviting trouble.'
Insisting that Vijay Mallya was not given even "a rupee benefit" under the Modi government, Finance Minister Arun Jaitley on Thursday said that loans were reportedly given to the businessman during the previous United Progressive Alliance rule through intervention of the North Block, a reference to the finance ministry.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
The Congress vice president also accused Delhi CM of "helping" forces who want to disturb Punjab's peace and push it back to the dark days of militancy.
Javadekar asserted that the first 50 days have shown that Modi government's second term will be more effective and will build on the success of its previous tenure.
BJP national president Amit Shah asserted that the last 15 years rule of the BJP is a model of an ideal state. "Raman Singh government has successfully tried to contain the Naxal and made the state an education hub. This manifesto is for Naya Chhattisgarh.
'They plan to purchase votes.' 'We will not purchase people, but win the elections.' 'In our manifesto there are no free gifts. It says what we will do for the people.'
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
Flagging the challenge of raising foodgrain production, Prime Minister Manmohan Singh on Friday promised all assistance to states for improving agricultural growth.
He also took on the prime minister over unemployment, taunting Modi for a remark that selling 'pakodas' is a job worth doing.
A likely easing in inflationary pressures in the forthcoming months will reopen the window for the RBI to once again prioritise growth and ease its interest rates.
GST will make it easier for governments to spend more, says T C A Srinivasa Raghavan.
Budget for 2022-2023 has returned to its agenda for protectionism in the name of creating a self-reliant India, points out A K Bhattacharya.
'If India is to emerge as a superpower, we must utilise our huge agricultural potential and not, as in past centuries, merely exploit our farmers,' says Colonel Anil A Athale (retd).
Farmers who are using traditional irrigation systems and practices are better coping in times of drought.
'The government has failed to understand the seriousness of the situation, and that's why they are underestimating the problem.' 'They think some tinkering here and there will fix the economy automatically.'
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
There will be pressure on the fiscal situation, especially at a time when the monsoon can also disappoint. More populist expenditure is on cards if the mandate is a hung Parliament or a coalition government.
'When I met the prime minister on November 15 there was no RBI report with the prime minister as to why this was done.' 'When I asked the PMO officer about this, he said the RBI did not bring this to the PM and did it independently.' 'When I asked how could the RBI ban DCCBs from accepting deposits from farmers in old notes when the government gazette released on November 9 allowed them to do so, this officer told me that not even senior PMO officials had any idea about this RBI ban.'
Congress party in Maharashtra has its hopes pinned on a 'newly recharged' vice-president Rahul Gandhi for its revival.
Scindia, who was also named as its Rajya Sabha candidate from Madhya Pradesh by the BJP, hailed Prime Minister Narendra Modi for his "competence and complete dedication" to serving India and asserted that the country's future is fully secure in his hands.
It also chided Gujarat for not filing an affidavit on the matter, saying "just because you're Gujarat doesn't mean you can do whatever you like."
Rahul also held a 75-km long road show and a Nukkad Sabha in Haridwar.
Observing that if people file an RTI query, they must know who the defaulters are, the bench asked the Reserve Bank of India (RBI) why the information on defaulters should be withheld
Anusha Rizvi, former NDTV producer talks about her directorial debut with Peepli Live! produced by Aamir Khan.
'People thought the cyclone would miss their area as a short while before it struck, the sun was shining.' 'Some people had not evacuated, but stayed at home. They died when the walls collapsed.'
Siddaramaiah announces free LGP gas, universal health scheme in budget
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
The Congress chief reiterated that Rs 30,000 crore was "wrongfully" given to Anil Ambani in the purchase of Rafale fighter planes.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
'The finance minister has told the BJP's core voters we are hearing you and we are sensitive to your aspirations.'
Ten years after his defeat, Chandrababu Naidu is once again going to be the chief minister of a truncated Andhra Pradesh, says Aditi Phadnis
"As it is said a man-made disaster, in the same way demonetisation is Modi-made disaster," the Congress vice-president said as he targeted the prime minister squarely blaming him for the hardships post-demonetisation.
