According to a new subsidy sharing formula, the payout of upstream oil producers like ONGC is to be reduced to the extent of Rs 4,500 per tonne oil development cess they pay to the government, sources privy to the development said.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
The unrest in the hills has led to the tea sector losing its entire second flush, and Rs 200 crore of its annual earnings.
Collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group.
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
Could the Centre and the prime minister have achieved more than what they did on curbing the endemic spread through more of the Modi outreach, given his credibility and unchallenged ability to communicate with the masses, asks N Sathiya Moorthy.
'Over 200 of Australia's most senior cricketers are unemployed as of the 1st of July'
Hyundai Motor India has received a faxed communication dated November 19 from the unrecognised union stating that they will resort to direct action from December 5.
Only nine of the airline's 370 daily flights were making profits.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
Are we running a cricket match using football rules, asks Ajit Balakrishnan.
SoftBank-backed OYO now 100,000 rooms brand, eyes another 100,000 by Mar 1
To mark the first anniversary of the Sterlite firing anniversary -- 13 people died and several were injured when the Tamil Nadu police fired on a large crowd protesting -- various organisations will hold rallies and meetings in the port city.
Is Hyderabad the reason Telangana wants separation from Andhra Pradesh? Or has perceived backwardness of the Telangana region fuelled demand for a separate state? Mayank Mishra reports
The farmers have described the compensation as a "joke" and are planning to protest against the BJP-PDP government.
Maharashtra today faces an acute water crisis. But all that Devendra Fadnavis is concerned about who is not chanting slogans like Bharat Mata Ki Jai, says Syed Firdaus Ashraf.
Haryana Chief Minister Manohar Lal Khattar on Sunday said that government will introduce teaching of Bhagavad Gita in schools across the state from coming academic session.
The Supreme Court-mandated ban on all mining operations in Goa -- the second in less than a decade -- will disrupt the livelihoods of tens of thousands in the state, points out P K Mukherjee.
The empowered committee on value added tax will meet on Saturday to take up the issues arising after three months of implementation of the new tax system by 21 states, including compensation formula for any losses incurred by states due to VAT.
'I urge the government to put aside vendetta politics, and reach out to all sane voices and thinking minds, to steer our economy out of this man-made crisis'
are in the process of building one at the Jio Center in Bandra Kurla Complex where the Maker Maxity building used to be. "This theatre will be on the top of the mall and should be able to accommodate 300 cars, and is expected to open sometime in January or February next year.
Locals alleged that the road that was closed some time ago over safety issues was reopened at the insistence of TSRTC officials to save on fuel.
'The current economic contraction is certainly due to the lockdowns as a response to the pandemic, which is an act of God.' 'Nobody has seen such a thing in the last 100 years.' 'Saying that this was an act of mismanagement is largely incorrect'
An additional lease rental of Rs 200 crore on nine Boeing 787 Dreamliners was the reason for ending in the red this quarter, Arindam Majumder reports from New Delhi.
England expressed concern over the strength of the bio-secure environment after the positive result, while a South African team investigation has not yet shown how the unnamed player caught the virus.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
Nestle is sure to go for a relaunch of the noodles soon enough with an advertising blitz,
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Rediff.com gives you a lowdown on the net neutrality issue that is today part of the national discourse.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
Global rating agency Fitch on Tuesday said the imminent entry of Reliance Jio into the telecom space will see a likely 20 per cent fall in data tariffs, but will not have any impact on the credit profile of the top four incumbents in the medium term as their revenue is on an uptick on rising voice tariffs and improving regulatory environment.
Court documents show that the Kerala government, whose case was treated as the 'lead case' among all the petitions filed against Adani, made four allegations to convince the court to cancel the contract for the Thiruvanathapuram airport. The state's legal team couldn't substantiate most of these allegations with documentary proof and its self-defeating arguments in court failed to convince the judges to cancel the contract given to Adani. The battle for the Thiruvananthapuram airport between the Communist-led Kerala government, the Adani group and the Modi government over the past year hasn't had a dull moment since the proceedings began. Claims of a smoking gun turned out to be a damp squib, says Sai Manish.
The new California governor also invoked emergency powers to impose US $150 million in spending cuts without legislature's approval.
Each of FIFA's 211 member associations would receive $500,000 in the coming days as well as any remaining entitlements for 2019 and 2020, it added. The coronavirus outbreak has brought soccer to a standstill and clubs have struggled to cope with the loss of revenue.
In a policy paper submitted to US Senators, the Foundation for India and Indian Diaspora Studies (FIIDS) said the excessive delays in the processing of permanent residency applications due to country-wise quota contributed to America's loss of revenue, market leadership and competitive edge.
Illegal routing of international calls is assessed to have caused a loss of about Rs 145 crore to the government during the last three financial years, Minister of State for IT and Telecommunication Jyotiraditya Scindia said in a written reply to Lok Sabha. Illegal routing of international calls is done in the guise of local calls by private players, resulting in evasion of connectivity and Access Deficit Charges.
Assam has suffered huge losses in terms of lives, property, cropped land, dwellings and infrastructure in three waves of flood that have hit the state so far this year. Last week's deluge wreaked havoc in Kamrup and Goalpara claiming 67 lives and leaving behind a trail of destruction.
