In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
The DMK leadership may now have to deal with a demand for more seats from its Congress ally in the Lok Sabha polls, predicts N Sathiya Moorthy.
A slew of sops were announced for teachers, employees of municipalities and others.
The Union Cabinet, headed by Prime Minister Narendra Modi, also observed silence for two minutes in the memory of Mukherjee.
'As his close associate Som Pal told me, "Mandal was never V P Singh's brainchild. It was a Janata Party commitment he inherited".' 'He would have done it anyway at some point, but the specific timing of his decision was dictated entirely by political exigency -- his government was threatened.' 'It also turned out to be a game changer in Indian politics.'
Nitish Kumar has said the only remarkable thing during the period was that prime minister has more selfies than all his cabinet colleagues put together.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
West Bengal was the second-most industrialised state in terms of value added and first in terms of number of factories and employment even in the mid-1960s. With a severe and long process of deindustrialisation, it lost its primacy.
The purposeful Narendra Modi who won the election has been replaced by a prime minister who looks quite lost, says T C A Srinivasa-Raghavan
When did Urjit Patel really resign? When did Shaktikanta Das get the mandate to take over as RBI governor?
India is only the fourth country to acquire such a specialised and modern capability after the United States, Russia and China.
In early 2017, Amit A Shah warned Nara Chandrababu Naidu that Narendra D Modi was not like Atal Bihari Vajpayee to yield to pressure tactics. Soon, Naidu was to discover this for himself.
The Economic Survey was tabled in the Parliament on Friday.
'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...'
The absence of a clear underlying economic ideology in the Budget was quite evident, say experts.
The proceedings were washed out over various issues including the Citizenship (Amendment) Bill and roster system for reservation in educational institutions.
The Budget is remarkably coherent.
Union Budget 2015 cuold have included few smaller reforms.
The allocation in the defence budget is inadequate to meet India's long-term threats, especially from China and Pakistan, says Gurmeet Kanwal.
More incentives will be given to agriculture sector for increasing agriculture production.
If General Asim Munir, Pakistan's new army chief, wants to help defuse the current polarised atmosphere and shepherd civilian politicians towards negotiations on an acceptable date for elections, he may need to distance himself from any perception of needless hostility to Imran Khan, explains Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
Most expect the Budget to be path-breaking.
Four specific areas will be watched carefully in the first half of FY16
All interest free advances stand discontinued with the exception of interest free advance for medical treatment, travelling allowance for family of deceased, travelling allowance on tour or transfer and leave travel concession
In his Budget, Jaitley announced a pay hike for the President to Rs 5 lakh per month, Rs 4 lakh for the VP and Rs 3.5 lakh for governors.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
A visit to Tibet appears to have become the new touchstone for expressing fealty to Xi Jinping, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
As Prime Minister Narendra Modi embarks on a tour of three European nations, India on Sunday once again called for the cessation of hostilities in Ukraine and resolution of the conflict through dialogue and diplomacy, noting that was an appreciation of its position on the crisis by its partner countries.
Learning perhaps from the Kargil debacle, Musharraf tried hard to evolve as a statesman in his dealings with India, recalls Rana Banerji, who headed the Pakistan desk at RA&W.
The Budget sets out a comprehensive vision.
India and five Central Asian countries on Thursday decided to establish a joint working group on Afghanistan at the senior officials' level, ministry of external affairs secretary (West) Reenat Sandhu said.
The pay panel had in November recommended 14.27 per cent hike in basic pay at junior levels.
Even as Kiran Kumar Reddy has quit the Congress and resigned as chief minister of Andhra Pradesh, protesting against the division of the state, veteran Congress leader and Himachal Pradesh Chief Minister Virbhadra Singh says he, too, will quit the party if its central leadership removes him from the post of chief minister, after the elections.
The plan panel on Thursday termed the housing finance racket, involving the chief of LIC Housing Finance and several other officials of PSU banks, as a "very small" incident as far as banking system as a whole was concerned.
This is the Centre's highest-ever budgeted capital outlay.
FM should avoid proposals such as to tax financial transactions and fringe benefits
The BJP chief began his speech with the slogan of uprooting the TMC government from Bengal and said in order to do that, he would visit all the districts of the state.
