The Modi government caved in under American pressure without even token resistance. Two countries similarly placed as India with high dependence on Iranian oil -- China and Turkey -- have shown the grit to stand up to Washington, says Ambassador M K Bhadrakumar.
After the Google investment, the company's monthly transactions have spiralled up from 65,000 to nearly one million in just a year. According to reports, the start-up is in fresh talks to raise about $6 million from investors, including Google, says Samreen Ahmad.
There are millions of taxpayers, all of whom are susceptible to this frustrating situation.
The industry employs about 10 million workforce.
Cashless transactions need ubiquitous connectivity, which we don't have. And connectivity needs political and administrative convergence, says Shyam Ponappa.
British Prime Minister David Cameron plans to slap a pay freeze on his ministers until 2020 in an attempt to show that the new government will share in new austerity cuts.
Many countries advised the return the high-denomination notes to the central bank for destruction, but these continued to be legal tender. This and the introduction of a new Rs 2,000 note in India are the two major differences between Indian demonetisation and those of other countries.
Prabhu proposed an unprecedented 50% hike in investment.
If the government tries to bring in real estate under GST now, it will be a typical case of biting more than what one can chew, says Sukumar Mukhopadhyay.
All public sector banks have moved to such a regime voluntarily, while private banks are yet to. The state-run banks have introduced repo-linked products for floating-rate home and auto loans, but the RBI said loans to micro, small and medium enterprises (MSMEs) should also be linked to an external benchmark.
Income from renting of properties is taxed at a flat rate of 10%.
Rajan's total 'monthly emoluments' stands at Rs 198,700
Housing prices could drop by up to 30% over 6 to 12 months after demonetisation.
India's tough stance is better late than never.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
President Pranab Mukherjee addressed a joint session of Parliament ahead of the budget session which began on Tuesday. Here are the highlights of President Pranab Mukherjee's speech:
A nexus between the panchayat president and the block development officer has led to the failure of Mahatma Gandhi Rural Employment Guarantee Act scheme in many villages, says A Ganesh Nadar/Rediff.com
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The Delhi Anti-Corruption Branch on Tuesday registered three separate FIRs in an alleged PWD scam, including one against the company of Delhi Chief Minister Arvind Kejriwal's late brother-in-law Surender Kumar Bansal.
'Rawalpindi must downsize its quest for 'strategic depth' in Afghanistan and Kashmir,' suggests Matein Khalid.
It is possible that this experiment might see a rise in the Union government's cost incurred on tax concessions, without any increase in the tax base or coverage, says A K Bhattacharya.
'The Modi government has been taking credit for improvement in respect of the ease of doing business in India.' 'But when I look at the scams I cannot help feeling that it is too easy to do business with banks in India, if one is a Harshad Mehta, Vijay Mallya or Nirav Modi and their tribe,' says former Union home secretary Madhav Godbole.
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
Universal basic income or social security? Economist Nitin Desai feels we need a blueprint for universal health care and pensions to help the vulnerable section.
Unfazed by the stalemate over the Sadhvi Niranjan Jyoti issue, government has lined up a heavy legislative agenda in Parliament this week including a bill seeking to replace coal blocks allocation ordinance.
Interestingly, India had objected to the establishment of a UNHCHR when it was proposed by the US at the Vienna Conference on Human Rights in July 1993 and the whole proposal was remitted to the General Assembly in New York because India and others said that the whole issue should be examined in detail, says Ambassador T P Sreenivasan, who had led the Indian delegation for negotiating the terms of the HCHR.
In a major clampdown for non-compliance of Listing Agreement, top exchanges BSE and NSE announced suspension of trading in shares of Kingfisher Airlines and another group firm, UB Engineering, from next month.
The Central bureau of Investigation on Tuesday filed a closure report in a seven-year-old case of alleged bribery in the Rs.1,150 crore Barak missile deal in which former Defence Minister George Fernandes and the then Naval Chief Admiral Sushil Kumar were accused.
'We have done what we needed to do on behalf of the consumers'.
The White House has not spelt out regulatory or legislative steps.
'We have not issued notices randomly.' 'We have done the risk profiling of individuals, and sent to those whose profile has not matched with their declared income.'
Urimai Kural, part of the Gram Vaani community radio station that spans 15 states, serves as a much-needed helpline for harassed garment factory workers.
The exchange moved through many ups and downs through the years.
Here's the full text of President Ram Nath Kovind's address to the nation on the eve of 71st Republic Day.
Landmark judgments follow new CJI's assumption of office.
The Supreme Court-appointed Committee of Administrator chief Vinod Rai was non-committal on being asked whether the COA will ask Team India to participate or allow them to boycott the ICC Champions Trophy, starting in the United Kingdom, on June 1.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.
