Several critics including some rating agencies have doubted prospects of meeting this ambitious fiscal deficit target.
"Online portals are also bleeding heavily and have huge accumulated losses. There is pressure from investors to cut down on discounting."
Security personnel at the Netaji Subhas Chandra Bose International airport in Kolkata went into a tizzy on Wednesday after receiving three phone calls threatening to blow up the airport.
The meeting came amid a face-off between the central bank and the finance ministry over issues ranging from appropriate size of reserves that RBI must maintain to ease of lending norms to step up growth in an election year.
In view of rumours surrounding an Indian conglomerate's attempt to start a possible rebel league, the Federation of International Cricketers' Associations chief executive, Tony Irish, has said that mainstream cricket should be 'on their toes' to keep their players away from being lured to an another potential T20 league.
Economic Affairs Secretary Subhash Garg is the finance ministry's primary liaison with the RBI.
"In response to India's payments data circular, we've built a system that stores payments-related data locally in India," WhatsApp spokesperson said in a statement.
The Congress alleged Chandra and the BJP were adopting 'delaying tactics'.
Prime Minister Narendra Modi on Sunday said he would be receiving family members of Subhash Chandra Bose next month but avoided any reference to declassification of secret files related to him which is being demanded by various sections after West Bengal government did so.
He also re-opened the issue of a fresh enquiry about the mysterious disappearance of Netaji and felt it would be more effective to have an investigative inquiry by experts to find out the reality.
The documents consist of five files each from the Prime Minister's Office and Home Ministry, and 15 files from Ministry of External Affairs pertaining to the period between 1956 and 2009.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
The face of the new Rs 20 coin shall bear the 'Lion Capitol of Ashoka Pillar' with 'Satyameva Jayate' inscribed below.
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York for a term of no less than 20 years.
'Online aggregators offer discounts of 70% to 75%.' 'At a car dealership, the discount is usually in the range of 30% to 35%.'
Wipro Group chairman Azim Premji, who attended an event organised by an Rashtriya Swayamsevak Sangh body near Delhi on Sunday, said his presence did not mean that he endorsed the view of the forum.
The Bill was supported by the members across party lines, however, some suggested to add in its purview hospital sanitary staff, ASHA (accredited social health activist) workers and 'Corona warriors' in emergency services such as police and personnel from other departments.
A defence ministry staffer, involved in the corporate espionage case, was remanded to one-day police custody.
The Association for Democratic Reforms has complained against six major political parties for not appointing Public Information Officers.
The Supreme Court on Wednesday referred to the constitution bench a plea raising questions whether the apex court was exempted from disclosing information on appointment of judges and other matters under the Right to Information Act.
The bond, which the Reserve Bank of India started issuing on behalf of the Union government in 2003, was considered one of the safest savings instruments for retail investors.
Credit rating agencies have been raising red flag over high debt to GDP ratio of India.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
When you know you've done your best, you are likely to feel more relaxed and confident that you will be safe, says Aayushi Lakhapati.
It said there is no part of the country that he did not visit during the 125 days between December 25 and May 1 as he crisscrossed from Kashmir to Kanyakumari and Jamnagar to Silchar, while speaking to students to scientists, farmers, entrepreneurs, foreign heads of state and political workers.
Growth of capital goods at 9.6 per cent is inspiring as the investment cycle is expected to rebound in the coming months.
"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," Economic Affairs Secretary Subhash Chandra Garg tweeted.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
Guess who else features on the Variety500 list?
'When growth drops precipitously from 7% to 4.5% in four quarters, it is for all practical purposes a recession' notes T N Ninan.
Amid speculation that Atal Bihari Vajpayee and Netaji Subhas Chandra Bose may be named for the Bharat Ratna, a Congress leader on Sunday said Bahujan Samaj Party founder Kanshi Ram and Aligarh Muslim University founder Sir Syed Ahmed Khan should also be given the country's highest civilian award.
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
The fuel price hike for the last 16 days had caused inconvenience and disappointment among the general public.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
'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.
A casual worker employed at the Defence Ministry was arrested on Tuesday for allegedly providing forged identity card to a key accused in petroleum ministry leaks case while police maintained that no sensitive documents were leaked or stolen from the defence ministry.
Taking the line adopted by the previous Congress-led UPA government, Prime Minister Narendra Modi's Office has refused to disclose records related to Subhash Chandra Bose's death as it rejected the argument that there was a larger public interest involved in making them public.
Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
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