Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Why did the district magistrate take over an hour to order retaliatory firing on the murderous SBVS mob?
'Otherwise, how is the government going to make more revenue?' 'The most important thing the GST does is to transfer money from the household consumers who are the most productive users of capital to the most unproductive users of capital, namely the government.'
Global retail behemoths seem to have read the signals right.
Fifty years ago, India and Pakistan fought a short but bloody war. The author finds out how Sainik Samachar, the defence ministry's journal, reported it.
The state government has formed two committees under the chief secretary and the cane commissioner on the matter.
'If India employed a strategy of a 'thousand cuts', Pakistan will wither away.'
Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.
BJP President Amit Shah -- arguably the second most powerful politician in the nation -- granted a rare television interview to the Network 18 group of news channels. Rediff.com's Rajesh Alva checks out what the BJP boss said in this word cloud assessment of the interview.
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
'Disparity is not only in Mumbai; you see it in every city. The other day, I saw right next to the mansion of Mukesh Ambani worth Rs 5,000 crore for one family, thousands of people sleeping on the pavement. This is the urban India you have created!'
Shatranj Ke Khilari was Satyajit Ray's first Hindi film. The Master set the Premchand story against the backdrop of the First War of Independence in 1857. Bijoya Ray, his wife, reveals fascinating glimpses behind the making of the epic in this exclusive excerpt from her memoir.
'They do not want us to construct roads or to conduct health camps. I see no logic in their demands,' says West Bengal Chief Minister Buddhadeb Bhattacharya.
'So you have a middle class, and an elite that have seceded into outer space and they look down and say, "What's our bauxite doing in their mountains?" and "What's our water doing in their rivers?" There's a sense of entitlement there.' Arundhati Roy captures minds with her thoughts on capitalism, Indian politics, war, and more in New York.
Shatranj Ke Khilari was Satyajit Ray's first Hindi film. The Master set the Premchand story against the backdrop of the First War of Independence in 1857. Bijoya Ray, his wife, reveals fascinating glimpses behind the making of the epic in this exclusive excerpt from her memoir.
'No PM has said no to anything we have proposed. I am not a politician and I cannot give speeches about things, but a lot of good things have been done in science by previous governments.' 'Under Dr Manmohan Singh, we could do a few important things. I used to meet him once in 6, 8 weeks. He often said, 'Professor Rao, you assume that you have my approval and carry on.' He was shy and decent. He is a real gentleman.' 'Science keeps me going at 80. I feel young.' Professor C N R Rao, the eminent scientist who was honoured with the Bharat Ratna, on the state of science in India.
Indian economy about to take-off
