The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.
A 58-year-old man died after a power transformer fell on him in Raigad district. 2 people died and 3 were injured in two separate cyclone-related incidents in Pune.
Nearly 240 projects were under various stages of implementation.
'Tiger reserves were created to protect areas from developmental activities.' 'If we go ahead with these projects, then it is a complete mockery of our institutions and our laws, it is against everything we have stood for, our Forest Conservation Act, our Wildlife Biodiversity Act.'
FinMin's project will enable tax man to track electronic transactions like RTGS or NEFT.
Trump insisted that the world body can be better at development, management, peace and security.
A group of envoys including those from several Europe Union countries and a few Organisation of Islamic Countries (OIC) member states began a two-day visit to Jammu and Kashmir on Wednesday to take a first-hand account of the situation in newly-carved union territory, especially after the recently-concluded local body elections.
Anticipating panic and rush at bank counters, the Reserve Bank of India as well as the government has set up control rooms in Mumbai and the national capital to avoid any crisis, Department of Economic Affairs Secretary Shaktikanta Das said.
Amnesty highlighted poll-related violence in the lead up to the May 2014 General Elections, communal clashes and failure of consultation on corporate projects as key concerns.
Lalu handled the obstacle of 'departmentalism' with ease.
Addressing his council of ministers in a video conference, Modi asked them to prepare business continuity plans to fight the economic impact of COVID-19 on a war footing, but also asserted that this crisis is an opportunity to boost the 'Make-in-India' initiative and reduce dependence on other countries.
With the maulana fully committed and PML (N) cadres prepared to court arrest, this would be the first time where both Punjabis and Pakhtuns would be standing up against the Pakistan army, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
The proposal is currently with the finance department and is expected to be placed before the Cabinet in the coming days.
The Ministry of Corporate Affairs ordered the inspection of the books of accounts of NSEL and Financial Technologies India Ltd to ascertain if any rules under the Companies Act were violated, a senior official said.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
A source in the Imran Khan government told PTI that the Punjab police are waiting a go-ahead from the "top" to lay hand on Saeed.
Sri Lanka captain Angelo Mathews defended the team's cricketers on Tuesday after recording a statement before police in connection with a match-fixing scandal that has led to the suspension of a bowling coach. Sri Lanka Cricket (SLC) handed Anusha Samaranayake a two-month ban on Monday over his relationship with net bowler Gayan Vishwajith, who allegedly approached national team players to under-perform during a test match against West Indies in October. "Sri Lanka Cricket has received several complaints regarding the close acquaintance of Anusha Samaranayake and the main suspect Gayan Vishwajith, who had approached several national players for the alleged illegal activities of match-fixing," the SLC said in a stateme
More than 1,000 independent directors have quit since January 2017; more could be on their way out
'India needs offensive and defensive security measures to protect itself.'
The financial crisis has challenged the intellectual assumptions on which previous regulatory approaches were largely built, and in particular the theory of rational and self-correcting markets.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
The Brazilian Grand Prix at Sao Paulo's Interlagos circuit could be axed after this season due to the country's economic crisis, Formula One's commercial supremo Bernie Ecclestone said on Saturday.
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid the border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like the micro, small and medium enterprises (MSMEs).
Autorickshaw drivers and families from Kalyan reveal how the lockdown has rendered them jobless and deprived them of bare necessities.
'The Swedish government would consider who will live, who will not die, in rationing coronavirus healthcare!' 'This means the 'biological age' would supersede the patient's chronological age as a potential guideline,' notes Ambassador M K Bhadrakumar
The reason is believed to be a 19% increase in interest cost.
According to data shared with the Lok Sabha, 19 road projects awarded after May 2014 were facing delays
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
To mark the first anniversary of the Sterlite firing anniversary -- 13 people died and several were injured when the Tamil Nadu police fired on a large crowd protesting -- various organisations will hold rallies and meetings in the port city.
News of all that transpired on and off the football field.
'Obviously, MSP hike raises chances of a reduction in exports. Even without an MSP hike, India's exports of a number of agri-commodities, like sugar, were unviable in the overseas markets.'
As much as 73% of total income of national political parties is unaccounted for, says Association for Democratic Rights.
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
'The problem is not lack of evidence, but the unholy alliance between political parties and church authorities.' 'If you are raising a voice against the priest, you and your family will suffer.'
Even if the extradition bill has been suspended, Beijing will eventually impose its system on Hong Kong, observes Nitin Pai.
It's impossible to get the actual number of people dying and not getting compensation but the number is obviously much more than stingy official estimates. In any case, nowhere in the world are people sent inside gas chambers without oxygen cylinders and masks. Unofficial estimates suggest that on an average, one sanitation worker dies every five days all over the country, writes Shyamal Majumdar.
Thousands of homeowners across housing projects owned by Jaypee Infratech and the Amrapali Group are running out of options. Jaypee Infratech and Amrapali are among the 12 big corporate loan defaulters against which the RBI has ordered initiation of insolvency proceedings.
Having failed to wear down the protesters, the government has now resorted to a bare-knuckle campaign to discredit them by portraying them as pawns in a wider plot bankrolled by shadowy 'anti-national' and 'Islamist' forces, notes Hasan Suroor.
