RBI Governor Raghuram Rajan is regarded as credible by global financiers.
The Congress, which was not a petitioner before the apex court, wants the Rafale deal to be referred to a Joint Parliamentary Committee to go into the price arrived at by the BJP government versus the one negotiated by the previous UPA regime, as also how billionaire Anil Ambani's group with virtually no experience in manufacture of fighter jets was selected as an offset partner for the deal.
A parliamentary panel termed the government's proposed 85 per cent pictorial warnings on tobacco products as "too harsh" and recommended a drastic reduction in size.
The finance ministry is resisting pressure from other departments to cap foreign ownership of domestic drugmakers, fearing such a move would discourage potential investors, a senior ministry source said.
Human Resource Development Minister Smriti Irani on Thursday rejected allegations that her ministry was trying to push books written by Hindutva ideologues, saying it will abide by "constitutional modalities" before taking any step.
At least eight persons, including three Haqqani network commanders, were killed on Thursday in a rare United States drone strike outside Pakistan's tribal belt, just a day after a top official said the US had agreed to halt such attacks during negotiations with militants.
Instead of giving away the airports to the private sector 'on a platter', state-run Airports Authority of India should form a subsidiary or a special purpose vehicle to grant management contracts to entities having expertise in the field, the panel recommended.
K N Balagopal (Communist Party of India -Marxist) said the Congress and the BJP were acting as A-Team and B-Team and not allowing the House to discuss the bills.
The bill was taken up for consideration in the Lok Sabha after the Speaker rejected Opposition demands to refer the key reform measure to a parliamentary Standing Committee.
The panel cautioned against falling into a debt trap.
Union Minister Prakash Javadekar on Tuesday dismissed Bharatiya Janata Party member of Parliament Dilip Gandhi's remarks that all studies linking cancer to tobacco have come from abroad and that there is no Indian survey report to confirm it.
Sebi has been given direct powers to freeze bank accounts, attach properties, conduct search and seizure and initiate recovery proceedings.
India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
Sensex in green, JSW climbs higher.
This means taxpayers might continue to enjoy exemption on maturity of their investments
Proceedings in Parliament were washed out for the second consecutive working on Tuesday as Opposition members created pandemonium on a host of issues including JPC report on 2G, Telangana, price rise and death of children in relief camps for Muzaffarnagar (Uttar Pradesh) riot victims.
As Modi completes a year in office, his cuts in federal welfare spending on the poorest of India's 1.25 bn people are coming in for sharp criticism.
Our income tax department should bring out monthly bulletin as well as annual reports providing insights into the nature of our direct tax segments, points out R Vaidyanathan.
A bill to auction coal mines is also likely to be passed later.
A Constitutional Amendment Bill paving way for the creation of a Judicial Appointments Commission to replace the present collegium system to appoint judges to higher courts was passed in the Rajya Sabha on Thursday amid high drama with the Bharatiya Janata Party walking out.
'Indian universities are giving out PhDs without adequate evaluation,' charges Dr Satya Narain Jatiya, MP.
Against the backdrop of objections by some MPs, Civil Aviation Minister Ajit Singh on Tuesday strongly defended the Rs 2,058 crore (Rs 20.58 billion) Jet-Etihad deal, saying those opposing it were "long on politics and short on facts".
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances