The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
'The government must find worthwhile private owners for some of the banks, increase the share of private sector banking in the system, and then ask the remaining government banks to face the discipline of the market and compete, or shrink into irrelevance,' says T N Ninan.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
'Nirmalaji's Budget announcements have long-term implications and are not backed by enough money when the short-term outlook looks bleak,' notes T N C Rajagopalan.
MyGov, Government of India's online Citizen Engagement Platform, is providing citizens multiple avenues to share their expertise and creativity
The GST Council, headed by Finance Minister Nirmala Sitharaman and comprising representatives of all states and Union territories, will have its 37th meeting in Goa against the backdrop of economic growth hitting a six-year low of 5 per cent in the first quarter of the current fiscal.
Finance Minister P Chidambaram presented the Union Budget for 2008-09 in the Lok Sabha on Friday.
Or is there a need to hike their salaries and bring them at par with private sector pay scales?
Noisy protests disrupted the both houses of the Parliament on the first day of the second part of the budget session
YCook can add a year of shelf life to food without the side effects of chemical preservatives.
The process of salary figures auditing was carried out internally by a team of faculty members headed by Dhiman and took about a month and a half.
Work is also progressing on 17 strategic highway-cum-airstrips, three of which have been completed, he said. Besides, work is on in full swing on the Rs 12,000 crore ambitious Chardham project for providing all-weather connectivity to Gangotri, Kedarnath, Yamunotri and Badrinath.
After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.
Three million tonnes of buffer stock, where the government bears the interest and insurance cost, was announced by the Centre only for a year and that period is ending in June.
The finance ministry is expected to announce a life insurance package for below poverty line workers in the unorganised sector in the forthcoming Union Budget.
'A lack of strategic trust and the 'persistent security dilemma' prevails between India and China,' points out Dr Rup Narayan Das.
'What the northern Indian states lack is responsive politics based on the principles of development, social justice and equality.' 'A cut-and-paste job cannot make up for such lethal deficiency,' observes says Ambassador M K Bhadrakumar.
The only fuel that showed growth was LPG as the government dole of free cooking gas cylinders to poor households fired up consumption by 21 per cent during April 1 to 15.
As part of the programme, the 36 ministers are visiting J&K this week to participate in 60 public interactions at various places in the Union territory," Principal Secretary to the J&K government Rohit Kansal told reporters.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
The cashless medical facility was suspended by four public sector unit insurers -- New India Assurance, United India Insurance, National Insurance and Oriental Insurance -- from July 1 after they alleged over-billing by certain private hospitals.
