Donald Trump praised Australia and Canada for their merit-based immigration system. "They are very strong; they are very good," he said.
Rating agencies have kept BBB- rating for India, despite clear improvements in economic fundamentals, while China, with deteriorating fundamentals, has been upgraded to AA-
Customers in the small income group and students will have to draw small amounts multiple times from ATMs. The Rs 25 per transaction charge will impact them hard.
The pain of job losses is visible in other sectors as well. This makes Narendra Modi's task of employment generation a lot tougher.
The crisis for farmers growing pulses has a lot to do with all the government schemes and their shortcomings. It is possible that the present crisis will have taught the government a great deal
If the Narendra Modi-government is serious in its intent to save ailing state-run banks, it should look for radical reform steps to save the banks and initiate the privatisation process without delay.
It is safe to say that demonetisation has failed to achieve what it set out to achieve i.e. if it set out to achieve anything on the economic front
As of now, the pain is more visible than gains
Rural incomes and consumption were affected due to a decline in prices for agricultural products, which was not reflected in national accounts data
Now that the bullet has been bitten, the RBI needs to speed up the process of setting up the committees and identifying the first list of assets
The new law could give rise to larger problems of micromanagement and thereby conflict of interest in the banking sector for both the government and the RBI; it is not good for the sector in the long term
The amended law will also empower the RBI to set up oversight panels that will shield bankers from later action by probe agencies looking into loan recasts
The government aims to computerise the PDS to check pilferage and plug leakages by installing electronic PoS devices at all fair price shops
For the bankers, RBI becoming party to NPA decision is good. They can cast aside the fear of being hunted by vigilance department for taking a high hair cut. That will be RBI's headache.
The benefits of the modifications will be applicable from 1 January, 2016. With this, the annual pension bill of the Centre is expected to be around Rs 1,76,071 crore.
A government-led scheme to improve energy efficiency and cut emissions in some of India’s most energy-intensive industrial units has purportedly exceeded targets, saving enough energy to avoid capacity addition equal to India’s entire nuclear-power capacity as of end 2016, and preventing as much CO2 from being released into the air as would have been discharged by 19.4 million Indians in one year at 2013 levels.
Coal production increased by 10 percent in March 2017 (2.5 percent a year ago) and steel by 11 percent (7.8 percent)
Oil firms had last raised price of subsidised cooking gas by Rs 5.57 to Rs 440.90 per 14.2 kg cylinder on 1 April.
Niti has used old data to make assertions against the jobless growth charge. It quotes figures for unemployment from the six year old NSSO Survey of 2011-12 and for the services sector, it goes back further – by a decade
IOC said customers may verify fuel prices by downloading the company app or visiting its website
A controversy erupted after NITI Aayog member Bibek Debroy suggested that the agricultural income should be taxed.
"The government has made significant progress on important economic reforms that will support strong and sustainable growth going forward," Tao Zhang, Deputy Managing Director of the International Monetary Fund, said.
Finance Minister Jaitley, who holds additional charge of the Defence Ministry, said the focus would be on technological tie-ups to help India become a "manufacturing economy"
The Finance Minister said the Council is of the opinion that any benefit accruing from lower tax rates under GST should be passed on to consumers.
Over the next five years time, India will topple Germany from the current fourth position, while the international organisation predicts the UK will be pushed out of the top five global economies
The report will now be examined by the empowered committee of secretaries and following that it will be placed before the Cabinet
No records of discussion between the RBI and the government on demonetisation were maintained because of secrecy, RBI Governor Urjit Patel has told a Parliamentary Standing Committee on Finance
Now, the subscribers can seek fund withdrawal from their EPF account on various grounds by using a composite form along with a self-declaration.
The NITI Aayog categorically states that this is neither the view of the Aayog nor is such a recommendation made anywhere in the Draft Action Agenda
Due to its exempt status, agricultural income has been seen as a loophole being used by many wealthy to evade income tax