'The Chinese devalued the yuan initially but then stopped'.
The Congress vice president asserted that OROP was the right of military personnel and the government "will have to give it".
Bihar expects transfers from the Centre to grow 28 per cent in 2016-17.
Consumers are paying an exorbitant 180 per cent tax on petrol, and 140 per cent on diesel in Delhi and in most other towns in India. Little wonder then that the central government expects a staggering Rs 3.46 trillion by levying excise duties on retail sale of the two fuels this year, and Rs 3.2 trillion the next. States would generally have had reason to cheer, as they command a 41 per cent share in Centre's tax revenues. But as the Centre has raised excise duties in the form of "cess," the revenue proceeds are by nature not shareable with states.
Analysts expect inflation to peak in the first half of 2016-17 and moderate, thereafter, on the back of positive impact of monsoons
"A solution has been put on the table. It is for Andhra Pradesh to decide whether they want the resources or they want to make an issue (out of it)," he said.
'We will not compromise on it. We will not make any deferred payments or cuts.'
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
At this point commission member Sumit Mullick asked the government counsel: 'Your job is to protect the State. How are these questions on Peshwas relevant?'
The Economic Survey states that the rationalisation and reprioritisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure more towards inclusive development.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
In India, the anniversary of 26/11 comes and goes with only the bare minimum of remembrance. We don't even bother very much about honouring those who acted with great bravery that day, rues Vir Sanghvi.
'The travesty of recent Indian strategic thought is it emerges not from our brains, but from whatever part of the anatomy that secretes the prickliest hormones,' says Shekhar Gupta.
There is a sudden realisation in party circles that prolonged court cases could damage its standing, both among the cadres and voters, observes N Sathiya Moorthy.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
The NRA will have representatives of IBPS, SSC and Indian Railways.
Given the importance of equipment modernisation, the overall defence budget should rise at least at the same pace as salaries and pensions, so that equipment modernisation is not hit.
United States President Barack Obama did not pay full attention to the war on terror in his first year in office as he was 'distracted' by domestic issues like health care and climate change, officials associated with the 9/11 commission have said, describing the botched Christmas Day bombing as 'a wake-up call.'
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
'Modi has entered blunderland as he does not understand the army. He has actually meddled with the army, which is much more damaging than the ignorance of Sonia Gandhi and Manmohan Singh.' 'People had an impression that the BJP was different. Now it has been made very, very, plain that it is not.' 'Look at the contrast in the behaviour of the prime minister. When they burnt buses in Gujarat for an unjust demand, the prime minister addressed them in Gujarati while the army veterans were on relay hunger strike for the 74th day on that day, but no word on this from the PM.'
Almost 5 years after the 'encounter' between the Assam Rifles and alleged extremists, families of the five victims of the counter-insurgency action in Sonitpur district of Assam, will receive some compensation, thanks to the National Human Rights Commission.
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
Ambedkar told Rediff.com that he intended making an application that private witnesses not be cross-examined by the Bhima Koregaon Commission of Inquiry.
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?
The government on Friday lowered its economic growth forecast.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
'He consulted widely, both formally and informally and acted quickly on pragmatic suggestions.' 'To his credit, Parrikar took the initiative to reduce excessive litigation against armed forces veterans and widow over small sums of pensionary and disability benefits,' points out says Brigadier Gurmeet Kanwal (retd).
'With increasing use of social media for instant communication, the armed services better find a quick solution to the new challenge they face or else continue to remain on the back foot despite doing sterling work in combating the proxy war in Kashmir.'
'Whenever Dalits have agitated on the streets, the government has blamed Naxalites.'
Indications are that Modi will have words of encouragement for Stalin, and the meeting is likely to be much less acrimonious than critics of either would want it to be. notes N Sathiya Moorthy.
The Rajiv Gandhi assassination, investigation and trial were all jinxed in parts, recalls N Sathiya Moorthy.
While tennis is a lucrative sport for those at the top -- the 2020 Australian Open singles champions each took home A$4.12 million ($2.52 million) -- those in the lower echelons often struggle to make ends meet.
It'll only be when other states start following this discrimination for a large enough number of products, presumably, that the political class will wake up to it. Hopefully, the courts will too.
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