The responsibilities of RBI’s four deputy governors need to be defined and given proper titles and job roles. This will ensure that specialists are chosen for these roles, and will signal to the government that appointments need to be made in time as departments cannot be transferred that easily
In an exclusive interview, DIPAM Secretary Tuhin Kanta Pandey says plans for FY21 include IPOs of RailTel, IRFC Ltd and WAPCOS Ltd. and the privatisation of Nilanchal Ispat Nigam Ltd plant in Odisha, and the Salem and Bhadravathi steel plants of SAIL Ltd. Pandey also said the government is trying its best to complete the privatisation of Shipping Corp, Concor Ltd, Bharat Earth Movers Ltd and Central Electronics Ltd before March 31, 2021.
In a research paper, former CEA argues that the Indian domestic market is still quite small, and is likely to remain so over the medium-term, since domestic demand will be weighed down by heavy debts across the economic horizon—in firms, households, and the government.
The International Monetary Fund, in its World Economic Outlook report late on Tuesday, said that Bangladesh is set to beat India in terms of per capita gross domestic product (GDP) in calender year 2020.
The RBI’s decision to purchase state bonds in the secondary market through open market operations will provide a boost to the states’ finances at a time when they, just like the centre, are having to deal with a massive revenue crunch and rising expenditure commitments
The government is rolling out the ‘big guns’ including Defence Minister and the Bharatiya Janata Party’s farmer face Rajnath Singh, Finance Minister Nirmala Sitharaman, Agriculture Minister Narendra Singh Tomar and Minister of State for Finance Anurag Thakur,
The recent labour reforms are one of the most important policy decisions of the NDA government with the potential to impact millions of organised and unorganised workers across the country while also ensuring that India has a competitive edge where industry and commerce is concerned
CAG said against the target of 92.8 percent in the Budget estimates, the operating ratio of Railways was 97.29 percent in 2018-19, which means Railways spent Rs 97.29 to earn Rs 100.
Politicking aside, it will all boil down to whether India’s millions of small and marginal farmers end up securing a stronger bargaining power.
In this edition of Big Story, let's find out more on the recommendation by the govt panel to induce investments in the startup ecosystem.
Finance Minister Nirmala Sitharaman tabled a supplementary demand for grants in Parliament, which reflects the additional expenses sought by various ministries over and above the amount allocated in the Budget
The new monetary policy framework – “robust updating” - puts focus on broader and inclusive employment and is more tolerant of higher inflation before any hikes in interest rates are considered
Experts say it will increase transparency and liquidity of the mineral markets in India and will also play a vital role in aiding economic growth.
The song - Mere Desh Ki Dharti Sona Ugle-Ugle Heere Moti - became a rage and continues to stir patriotic feelings even in 2020.
However, it is not the first case of tax classification disputes. Producers of FMCG products were also involved in tangles with tax authorities on the same issue.
Self-reliance is praiseworthy as long as it helps in churning out products that compete with the best in the world
The package of Rs 20 lakh-crore covers an extensive range, but it falls short of meeting the concerns of the poor. The liquidity measures taken by the government were from the supply side; it needs a concrete fiscal stimulus to revive demand
Now that policymakers have redefined defence procurement with a focus on indigenisation, building a military-industrial complex no longer seems like a pipedream
Even in developed jurisdictions, none have suspended ability of debtor companies to submit themselves to the insolvency process
As of 2018-19, there were 248 operational public sector undertakings (PSUs) in India. Seventy of these were loss making, posting a combined net loss of Rs 31,635.30 crore in the year
Easier land and labour rules, better infrastructure facilities are imperative for an investment-led growth wave in the country
Going forward, it is critical for India to build an accessible, inclusive and resilient payment system that can withstand sustained shocks in the aftermath of the COVID-19 crisis.
The FORCE report suggests hiking taxes to raise additional revenue needed by the government at the present juncture when social obligations have multiplied because of the fallout of the coronavirus pandemic.
It is not clear how the term beneficial owner should be interpreted under the new rules because of inference issues.
The main advantage of the IBC is that it lays out a clearly defined process that seeks to keep the business as a going concern