The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.
Amid hints that the government might be exploring capping royalty payments by India-based subsidiaries to US companies, experts warn Subhayan Chakraborty why such a move will only hurt the Indian economy.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
A drunken conversation tipped off Thane Crime Branch detectives to the unprecedented scam targeting unsuspecting Americans from call centres in Thane.
According to sources familiar with the development, Sebi has decided to make references to the Ministry of Corporate Affairs and the Department of Revenue, citing violations of the Acts these bodies govern.
Sources close to the PM say he will not be panicked into generating short-term results at the cost of longer-term goals
Sarao was described as a fun guy, outgoing and talkative by other members of the tight knit South Asian community.
'We expect the new government to look into the issue of penalties imposed on technology firms involved in UID related projects.'
MCA portal clocks 5 mn views in 8 months; ministry to integrate company records portal with DGFT, I-T dept this year
Ignoring the United States viewpoint, India has refused to consider the Devyani Khobragade episode as "closed", saying there are "residual" issues which need to be addressed.
'The striking down of the use of Aadhaar by private companies implicitly calls for the deletion or erasure of all personal data vested in the servers of the private service providers.'
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
The CBI also told the court that it has sought Interpol's help in seeking access to overseas bank accounts of the Mukerjeas
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
'By taking fingerprints, iris scans and other details of citizens, the State is becoming the custodian of its people.' 'The State can use this data according to its whims and fancies, which is not good in a democracy.' 'When the State looks at all the activities of its citizens, it becomes a police State.'
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
Like Mr Trump, says Kanika Datta, politics tempts many businessmen.
Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, writes Tamal Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, says Tamal Bandyopadhyay.
When buying into a cyclical business, it might make sense to spread investments across several companies.
Under the India-South Korea Bipa, a party can drag the other to international arbitration if its investments are threatened.
Sebi's plea for such powers has been endorsed by the finance ministry.
US prosecutors may find it difficult to get a number of the people they have charged in the FIFA bribery scandal to face the music.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
By castigating the reforms themselves because of the remediable and reversible defaults here and there in carrying them out, Yashwant Sinha is throwing out the baby along with the bath water, says B S Raghavan.
The bill was passed with 165 voting in favour and 7 against it.
He said Trump's closing argument was "What do you have to lose?' The answer is: Everything".
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
MCX and MCX-SX are facing the worst crisis in their existence following the Rs 5,574 cr fiasco at the National Spot Exchange.
'It is strange a government that is bold and coercive has meekly chosen to do more of what has repeatedly failed to work in the past.' 'And sadly, rating agencies, the business community, fund managers, and analysts, who know this, have chosen to act as compulsive cheerleaders,' says Debashis Basu.
The Street is never short of hope and events to look forward to
The government has provided a long-term vision.
Over 20 political parties, except the Biju Janata Dal and the Communist Party of India-Marxist-led Left Front, took part in the massive rally.
As you swipe your credit/debit card with carefree abandon at merchant outlets, banks are losing money to the tune of Rs 3,800 crore annaully, says Soumya Kanti Ghosh
The government must be the initial driver.
Digital-pay companies see 10x growth spurt after demonetisation, report Ayan Pramanik & Shine Jacob/Business Standard from Bengaluru.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
'Serious crimes of this sort cannot be excused merely because he has a family.' P Rajendran/Rediff.com was in the courtroom last week when Mathew Martoma was sentenced to nine years in prison for insider trading.
