ONGC must tackle several issues first only then it can turnaround its fortunes.
The top court said the government wants to tap citizens' WhatsApp messages and sought its response within two weeks.
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
While the Union Cabinet had in November last year approved the sale of the government's entire 52.98 per cent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7. The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On Wednesday, the government said this deadline is further being extended up to July 31.
The chairman of the committee on public undertakings, V Kishore Chandra Deo, said in a letter to Lok Sabha Speaker Meira Kumar that despite categorical instructions, Goyal did not attend the meeting, sources said.
Chief Economic Adviser K V Subramanian on Wednesday said India is expected to hit a growth rate of 6.5-7 per cent in 2022-23 and accelerate further to 8 per cent in the subsequent years on the back of reforms undertaken by the government. He also said the government is expected to meet the fiscal deficit target of 6.8 per cent in the current fiscal despite pressure on revenue collections.
For all its claims to economic glory, the majority of India's population lives vulnerable lives, a situation that has only worsened over the past 15 years, to the extent that the government now fears to release economic data or even conduct a proper Census, notes Rathin Roy.
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
The prospects of India becoming a credible manufacturer of defence platforms or major weapon systems for export are remote, says Vice Admiral Premvir Das (retd).
Naxals allegedly set on fire a conveyor belt of National Mineral Development Corporation in Chhattisgarh's Dantewada district in the wee hours on Wednesday causing production disturbance to the tune of 40,000 tonnes.
'Allegations of Reliance benefitting by thousands of crores is a figment of imagination, promoted by vested interests'
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
The Budget for 2018-19 has at least five takeaways that are yet to receive adequate attention, says A K Bhattacharya.
The government should take measures to promote innovation and R&D while simplifying regulations for the sector in the upcoming Union Budget, as per pharmaceutical industry bodies. Outlining the wish list for the sector in the upcoming Union Budget, Indian Pharmaceutical Alliance (IPA) secretary general Sudarshan Jain said the domestic pharma industry is currently around $50 billion in size and aspires to grow to around $130 billion by 2030 and $450 billion by 2047. "To achieve this vision, the Union Budget 2023-2024 should help fuel innovation and R&D, which will set the pace for propelling the pharmaceutical industry forward," he told PTI.
He also asked men to work towards securing for women their due place in society.
The next prime minister must ensure that the mistakes made by Manmohan Singh during his tenure are not repeated, notes A K Bhattacharya.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
Backloading the government's borrowing programme suggests the finance ministry's confidence in better revenue numbers, says A K Bhattacharya.
Public sector firms presented interesting offers on Day Zero placements at the IITs.
Concerned over rising coking coal prices and insecurity of supplies, Steel Minister Ram Vilas Paswan on Saturday asked public sector steel producers to scout for mines abroad.
Without the handsome receipts from the sale of government equity in PSUs and sharp increases in excise revenues from oil, Mr Jaitley's fiscal consolidation drive would have become even more arduous, says A K Bhattacharya.
Ace discus thrower Krishna Poonia is expected to join the Congress Party on Wednesday, at a rally in Rajasthan, where she is also likely to contest in the upcoming state Assembly elections, slated for December 1.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
Though no peripheral burning is taking place at the moment at the well's site at Baghjan, the company has declared an area up to 1.5 km radius as "red zone" to avoid any untoward incident and harm to the general public.
The ministry of petroleum and natural gas is evaluating a threshold at which the subsidy on liquefied petroleum gas (LPG or cooking gas) will be reinstated. According to a senior government official in the know, a survey is currently being conducted to determine the price at which maximum consumers will keep buying domestic cylinders. One of the options also being considered is to limit any subsidy disbursal only to Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries.
Ten trade unions to go on strike to protest against changes in labour laws
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
With 40 per cent of defence procurement still coming from abroad, the government on Friday said it is working to boost indigenous manufacturing capacity to reduce dependence on foreign supplies.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes.
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In 2008-09, the economy grew at 6.7 per cent despite poor farm sector growth of 0.4 per cent.
Madhya Pradesh has nearly 750,000 employees who would share the benefit of the pay hike.
Leader of Opposition Mallikarjun Kharge and some other members sought that the bill be referred to a standing committee for scrutiny.
The Prime Minister also underscored the importance of public sector undertakings in the country.
Prime Minister Narendra Modi made a pitch for electing a strong and stable government in an uncertain world beset by geopolitical tensions as the Bharatiya Janata Party on Sunday released its manifesto, prioritising development and welfare while shunning populist measures and contentious issues like the National Register of Citizens (NRC).
While seven companies bagged orders worth Rs 42,000 crore, industry experts said most of this new order activity was a spillover, and fresh project finalisation remains weak.
Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards
'The government has realised that the finances of the government are in a precarious state.' 'We are borrowing to fund the ever-burgeoning revenue deficit.' 'Then you are paying interest on the fresh borrowing.' 'For the first time, the government has realised that this cannot go on.'
