Measures that quickly boost demand and increase employment are needed to push up growth. Moreover, without announcing new planss, the government should strengthen schemes such as PM KISAN, MNREGA and programmes to build rural roads.
In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle.
You don't require a Godfather to make it in the Hindi film industry, and first-time director Sudipto Chattopadhyay seems to be all out to prove it. Chattopadhyay managed to find a producer in Sanjay Gupta, and rope in Bipasha Basu in his film, Pankh.
This year Bollywood will see an army of new talent and Maradona Rebello is one of the new faces that you will see in Sudipto Chattopadhyay's Pankh. This 22-year old, happy go lucky and friendly model turned actor talks about his first film and much more.
Saradha Group-run Saradha Tours and Travels tied up with IRCTC for operating tourist services to different destinations.
Rediff readers share their favourite Holi pix and memories.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
The society needs a proper balance between the state, market and voluntary organisations to proceed on the path of balanced development, Asian Development Bank deputy country director Sudipto Mundle said.
The students are continuing a peaceful agitation and relay hunger strike to protest against their admission being struck down.
NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging unless it can be financed through better revenue generation.
McDonald's has argued that the dispute with its Indian joint venture partner Vikram Bakshi should be referred to arbitration as per the clauses of their agreement.
The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.
As per IMA guidelines, any gifts accepted by physicians should primarily entail a benefit to patients and should not be of substantial value.
Three weeks ahead of the Budget, Asian Development Bank expressed concern over high fiscal deficit, which, it said, was acting as a roadblock to India's economic growth.
Sudipto Sen, chairman of the Saradha Group, who was arrested in April last year after the Saradha bubble burst, today came to attend the hearing of the commission. "I want Saradha Group's property to be auctioned to return money to all creditors," Sen said while leaving.
The Asian Development Bank on Thursday revised upwards its growth projection of Indian economy to 6.7 per cent in 2003, but cautioned that GDP was expected to grow by 6.3-6.4 per cent next year.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
The chargesheet had been filed under sections 120b, 409 and 420 of IPC (criminal conspiracy, criminal breach of trust and cheating) and also under sections four and six of Prize, Chit and Money Circulation Schemes (Banning) Act 1978.
Arrested Trinamool Congress Member of Parliament Kunal Ghosh was involved in activities of the Saradha Group other than those commensurate with his position as the media CEO of the chit fund company as per fresh evidences that have emerged, the police said on Wednesday.
Probing the high-profile Saradha chit fund scam of West Bengal, the serious fraud investigation office on grilled the suspended Trinamool Congress MP Kunal Ghosh for over eight hours here and further questioning is expected next week.
CBI is also probing a criminal conspiracy angle of the Saradha scam.
The former union minister has been remanded to custody for 5 days.
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
Hope Aur Hum never strays into complicated territory and sticks to its gentle celebration of everyday highs and lows, says Sukanya Verma.
A court in Kolkata has rejected the interim bail plea of Trinamool Congress Rajya Sabha MP Srinjoy Bose, arrested by CBI in connection with the Saradha chit fund scam case, and remanded him to four days police custody
Trinamool Congress Rajya Sabha MP Srinjoy Bose was on Friday arrested by the Central Bureau of Investigation after a marathon interrogation for five hours for his alleged involvement in the multi-crore Saradha chit fund scam.
Members of the Jawaharlal Nehru University Students Union and the Gender Sensitisation Committee Against Sexual Harassment had disrupted the film's screening, alleging a hate campaign was being propagated in its guise.
Rediff readers tell us what has changed in the last 10 years.
Sections in the draft Personal Data Protection Bill are a blatant violation of the Right to Privacy as guaranteed by the Constitution.
'You can be a great actress, incredibly good looking, have a huge body of work, have National awards... but until you make a mark in a Hindi project, people will not bother.'
'At this stage, you should distribute money and food.' 'Like you queue up to vote, let people queue up to collect this.' 'This will arrest the decline in demand which will have a multiplier effect on the demand side for the economy as a whole.' 'The government should earmark about 2% of the GDP for this.' 'And this should be the first step to revive the economy.'
'We are going to have a recession this year, maybe next year too...'
India's gross domestic product product (GDP) growth rate between 2011-12 and 2016-17 should be about 4.5 per cent instead of the official estimate of close to 7 per cent, he said in a research paper published at Harvard University. "The Indian policy automobile has been navigated with a faulty, possibly broken, speedometer," he says in the paper.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
'The arrests of Sanatan Sanstha members for committing murder and stockpiling explosives with the alleged intent of committing mass murder must be embarrassing to a majoritarian government,' notes Devangshu Datta.
Perhaps the way forward could be the introduction of uniform rating standards - on the lines of accounting standards for the accounting profession - with a separate regulating authority for enforcing those standards, says Sudipto Dey.
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.
Parents across the country, and the world, are grappling with an unprecedented challenge of dealing with their children who are too old to be shushed or placated and too young to understand the inexplicable situation the world has found itself in. PTI journalists across India shared experiences and conversations with their children aged 2 to 13, which ranged from cute to poignant and heart-wrenching to humorous, and some with sagacity far beyond their age.
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
