Tourist visa on arrival for 40 more countries including US, UK and Germany could become a reality soon.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Going by its past experience of differences between the central bank and the finance ministry, the government might prefer a person who could bridge this gap.
The government had budgeted revenue realisation for 2012-13 fiscal at Rs 10.38 lakh crore (Rs 10.38 trillion).
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
Tourist visa on arrival for 40 more countries including the US, the UK, Brazil, Germany, Canada and Australia, would soon be a reality as the Home Ministry is expected to clear the proposal soon.
The current account deficit is the difference between inflow and outflow of foreign exchange.
Hectic preparations are on at the newly-formed Niti Aayog to welcome the first Vice-Chairman Arvind Panagariya and other members whose appointments were approved by Prime Minister Narendra Modi on Monday.
India and Japan on Friday decided to more than treble their currency swap arrangement from $15 billion to 50 billion in a move seen as sending an important signal for the rupee.
In his attempt to revive a beleaguered Congress, Rahul Gandhi is trying to bring in new leadership in the form of Rajeev Gowda and BK Hari Prasad, whose names have been nominated for the Rajya Sabha, says Renu Mittal.
Planning Commission on Friday said it will revisit annual average GDP growth target of 8 per cent for the 12th Plan (2012-17) in view of dismal performance in first two years of policy period, while saying the economy is likely to expand by over 5 per cent this fiscal.
As the country faces the possibility of a fractured mandate after the 2014 general elections, Planning Commission Deputy Chairman Montek Singh Ahluwalia is of the view that in an era of coalition governments, special steps are needed to build consensus around policies or else, India will not be able to grow at its full potential.
A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
A cut in government spending would come at the cost of growth.
The Plan Panel was set up by a simple government resolution in March 1950 had withstood many political and economic upheavals.
A number of industrial countries are now resorting to populism and this has its own set of political implications.
There is a need for tax reforms in the country in a bolder way, Singh said.
Kamal Nath will need to watch his back because given the slender majority, there is no doubt that the BJP will try to topple his government.
While its widely being publicised that Environment Minister Jayanthi Natarajan resigned from the council of ministers to work for the Congress party ahead of the crucial Lok Sabha polls, political observers point out that 'growing unhappiness' over her performance during her ministership could have possibly led to the move. Renu Mittal reports.
The economy expanded at a decade-low rate of 5 per cent in the first year of the 12th Plan
If Modi's truly a reformer and a believer in minimum government, he would bury the Vodafone ghosts now. He would also then go to Bihar, campaigning on his politically controversial reforms. Both will need him to dip deep into his accumulated political capital and risk it, suggests Shekhar Gupta.
Subbarao's remarks come against the backdrop of Finance Minister P Chidambaram's assertions in recent weeks that RBI should not focus solely on containing inflation but also look at the larger mandate of growth and job creation.
It's a clear signal that Indian economy is not out of woods.
According to a study, the change in frequency for transmitting mobile signals could cost the telcos over Rs 1 lakh crore (Rs 1 trillion) cumulatively.
US urges New Delhi to align its nuclear liability law with the international convention
Manmohan Singh, reveals the former President, was keen that either P Chidambaram or Montek Singh Ahluwalia be the finance minister.
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Huge gold imports have put pressure on the country's CAD, which in turn is affecting the value of rupee.
Former Prime Minister Manmohan Singh has to make up his mind whether or not he wants to write his autobiography, his daughter Daman Singh has said.
In the mid-1980s, India and the US struggled to arrive at sufficient confidence for Washington to even sell a supercomputer to India for monsoon prospecting. Now, the most sensitive military technologies, data, and intelligence resources are being shared. This would not have happened without that one, big deal that changed the fundamentals of India-US relations, notes Shekhar Gupta.
Since 2004, Montek Singh Ahluwalia, one of the commission's longest serving deputy chairmen, has been trying to mould it to fit into the new economic order, without much to show for his efforts.
As cricketing ability goes, there is no comparison between Sanjay Manjrekar and Sachin Tendulkar. But while the former has produced a wonderful autobiography, the latter's book is deadly dull. In batting, they were the exact opposite: Manjrekar was a bore and Sachin an absolute marvel, says T C A Srinivasa-Raghavan.
What the Indian economy looks like next January will influence her view on India, not her genetics, notes Shekhar Gupta.
'One wishes that today's 'take no prisoners' brand of politics would give way to an understanding of the national interest that is shared by both government and Opposition.'
There were reports that some Commission officials were against the Rajan panel's suggestion to replace Gadgil- Mukherjee formula with Rajan Committee's Multi Dimensial Index for allocation funds to states.
For a bunch that fancies itself so greatly and does not hesitate to express an opinion on everything, this is very odd behaviour, says T C A Srinivasa-Raghavan.
The Prime Minister directed that a special cell be created immediately in the Cabinet Secretariat.
Set up by India's first Prime Minister Jawaharlal Nehru, the Planning Commission brought 12 five-year plans and six annual plans involving fund outlays of over Rs 200 lakh crore in its nearly 65-year-history.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.
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