The finance Minister's comments came on a day when states finance ministers deliberated on various aspects of GST structure at a meeting in New Delhi.
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
India on Thursday approved capital acquisition of a plethora of indigenously-developed military hardware including indigenous BrahMos missiles, marine diesel engine, artillery gun system, electronic warfare suits and utility helicopters at a cost of Rs 70,584 crore as part of a mega procurement plan.
The last year has seen public sector undertakings (PSUs) outperforming the Nifty50, albeit by a small degree. But PSU valuations are still, on average, less than half of private sector peers at price-to-equity or PE 8.7x for the Nifty PSU Index versus 20.9x for the Nifty50. There are several reasons for lower valuation.
India's first Formula One driver Narain Karthikeyan said he was never interested in joining Force India and criticised team co-owner Vijay Mallya for saying no Indian was good enough to drive in F1.
'No Match' crowed the front page of an Indian newspaper, on Monday
Despite the Congress coming to power in New Delhi, experts on Indian politics on Thursday said in New York that the election results 'read across the board' as an overwhelming victory for India's oldest political party should not be construed as a national faith in the party.
The Delhi Police said it has arrested a Chinese woman and her Nepalese associate, and claimed that they were paying huge amounts of money to freelance journalist Rajeev Sharma for allegedly passing sensitive information to 'Chinese intelligence'.
Bollywood celebrities like Prasoon Joshi, Bhushan Kumar, Ritesh Sidhwani, Anu Malik, Abhishek Kapoor, Kunal Kohli, Vipul Shah, Urvashi Rautela, Kailash Kher, Ranvir Shorey, and Anil Sharma were among the Bollywood personalities who attended a special meeting with Union minister Piyush Goyal and Bharatiya Janata Party vice-president Bijayant Panda on Sunday as part of central government's Citizenship Amendment Act outreach programme. The dinner was organised at a five-star hotel in Mumbai and was an invitation-only affair.
Excerpts from the text of the Prime Minister's address at the Hindustan Times Leadership Summit in New Delhi on Friday
Journalist Chandan Mitra, who passed into the ages on Wednesday night, will be missed for his courage to go against the grain, mourns Dr Sudhir Bisht.
Lakme, India's first make-up and beauty brand, turned 70 this year and is also present in Hindustan Unilever's club of brands with a turnover of over Rs 1,000 crore. Over the past seven decades, the brand has evolved and is no longer just a beauty brand, but has also transformed into a skincare brand. Lakme has increased its digital presence as well as innovations and now sees a third of its growth come from new innovations.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
We got the same Diwali bonuses. We ate together. We carried equipment together on shoots. And when the odd reporter tried to throw her weight around and leave the camera person to carry bags of equipment, cables, the camera and tripod down the stairs and to the shoot location, Prannoy would step in, take the tripod off the shoulders of the colleague silently, lightening the load, recalls Revati Laul.
Pakistan President Asif Ali Zardari on Saturday declared that his country will not be the first to use nuclear weapons against India and would work towards opening trade, besides underscoring that Kashmir belonged to the Kashmiri people.
Congress president Sonia Gandhi on Friday invoked her mother-in-law Indira Gandhi to send a message that but for the former prime minister's 'much reviled' bank nationalisation four decades back the country's financial institutions would have been hit by the current global economic crisis. "Every passing day bears out the wisdom of that decision (bank nationalisation in 1969)," Gandhi said in her address at the Hindustan Times Leadership Summit.
He also said that post demonetisation, black money, which was part of a parallel economy, has now become part of the formal system.
One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.
Indian media has hailed their cricket team's first Test victory on New Zealand soil since 1976 while former players backed the team to win their first Test series in New Zealand in four decades.
Equity benchmark BSE Sensex closed at an all-time high of 62,272.68 on Thursday, tracking a firm trend in global markets after the US Fed minutes indicated a slower pace of rate increase that bolstered investors' sentiment. Extending its rally to the third straight day, the 30-share BSE benchmark rallied 762.10 points or 1.24 per cent to settle at 62,272.68, its record closing peak. During the day, it jumped 901.75 points or 1.46 per cent to its lifetime high of 62,412.33.he broader NSE Nifty gained 216.85 points or 1.19 per cent to end at 18,484.10.
Former United States President George W Bush is a 'great friend of our country'.This is how Prime Minister Manmohan Singh described him as he hailed the key role played by Bush in ending India's 34-year isolation in the nuclear field.Dr Singh, who later hosted a lunch for Bush, had told him last year "the people of India deeply love you".
A secret four-part document detailing the benefits of sex, and put together by India cricket coach Gary Kirsten and mental conditioning expert Paddy Upton, has been handed over to members of the Indian cricket team.
India's cash-rich cricket board could lose up to US$10 million in revenue following the scrapping of this month's tour of Pakistan, domestic media reported on Friday. India had been scheduled to play three Tests, five one-dayers and a Twenty20 international during that tour. The Pakistan Cricket Board had said they could lose up to $20 million in revenue.
Former India captain Rahul Dravid believes that the on-field behaviour of cricketers has improved in the last few years but the increasing media reporting of incidences of code of conduct violation has made it look otherwise. Dravid said he does not consider sledging against the spirit of the game.
Two people were injured and as many Sikh men were detained when two separate brawls broke out between Khalistani activists and pro-India demonstrators in Melbourne during the so-called 'Punjab independence referendum', the police said on Monday.
Congress president Mallikarjun Kharge alleged that the price of domestic cooking gas cylinder has been raised by Rs 50 and that of commercial gas cylinder by Rs 350 at a time when every person in the country is facing the brunt of high inflation.
Having made it clear that it would be "unwise" to comment on Lodha Committee recommendation as the Supreme Court verdict is still pending, Sachin Tendulkar came out in support of BCCI stating that the parent body has "done a lot for the game in the country".
Match referee Alan Hurst says the pitch for the fifth and final ODI between India and Sri Lanka did not meet the requirements for an ODI match.
Regardless of what happens on Tuesday -- or maybe even Monday -- can anybody ever accuse Manmohan Singh of being "India's weakest PM since independence" again, as L K Advani so effortlessly did eight months ago?
Addressing the Hindustan Times Leadership Summit here today, the actor also described politics as "one of the most self-sacrificing kind of jobs" and apologised on behalf of the film industry for having "caricatured" politicians in movies.
Chief Minister Narendra Modi stunned his audience at a summit on Friday by claiming he believes in the ideals of Mahatma Gandhi. Both Mahatma Gandhi and his idea of Ram Rajya are relevant for me," he said in an interaction at the Hindustan Times Leadership Summit in New Delhi on Friday. Modi said that he also believed in Gandhi's idea of Gram Swarajya, according to which village-level representatives should be appointed unanimously as elections led to violence.
"Have you heard him singing Rinkiya ke papa," Kejriwal talked about Delhi BJP chief Manoj Tiwari.
Shah Rukh had outgrown the roles that made him a star -- the menacing, obsessive lover in Darr, the regular guy in Kabhi Haan Kabhi Na or the new age boyfriend in Dilwale Dulhania Le Jayenge. By the time he entered his 50s, he was struggling to find his feet, explains Vanita Kohli-Khandekar.
Is it a divine, sacrosanct university, a holy cow, prohibiting human intervention?
Paula Samore, an American citizen who was at the Taj hotel, recounts two extraordinary days.
India fielding coach Robin Singh will be fired before the home Test series against South Africa starting next week, local media reported on Wednesday. Gary Kirsten, who has taken over as India coach before the series against his home country, has told the Board of Control for Cricket in India that Singh's services will not be required.
The Befikre actor's fitness journey is all the inspiration you will need.
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