Post-Budget meet likely next week with Fitch, to be followed with S&P and Moody’s Finance ministry officials are likely to meet representatives from global rating agencies from March 12, to push for a country upgradation. Among the agencies to be so lobbied are Fitch Ratings, Standard and Poor’s (S&P) and Moody’s Investors Service. Officials will formally apprise them of major reform measures announced in the Union Budget. At present, all these three rating agencies ... Rediff.com, 1 month ago
The number of disgruntled leaders in the Congress is swelling, say party insiders.Former Union minister Jayanthi Natarajan's exit from the Congress has taken a heavy toll on the morale of the party, which is struggling to stand up after a series of electoral debacles. The number of disgruntled leaders in the party is swelling, say party insiders. Sources say one of the senior Congress leaders, Karan Singh, was so miffed that he shot off a letter last week to party President Sonia Gandhi, asking ...Rediff.com, 2 months ago
SECL, ECL will be first to float EoI for long-term mining contracts, on turnkey basis In accordance with the Centre’s public-private partnership model, Coal India is finally preparing to float an Expression of Interest in a couple of months to award long-term mining contracts to private companies, to boost production. “South Eastern Coalfields and Eastern Coalfields have identified some underground mines where high-technology mining would be required. "They would be the first to ...Rediff.com, 1 week ago
Congress leader P Chidambaram on Tuesday welcomed the Supreme Court judgement holding Section 66A of the IT Act as unconstitutional, saying it was poorly drafted and misused. "I welcome the judgement of the Supreme Court holding that Section 66A of the IT Act is unconstitutional. "The section was poorly drafted and was vulnerable. It was capable of being misused and, in fact, it was misused," he said. The former Union minister, who held the Home and finance portfolios in the United Progressive ...Rediff.com, 1 month ago
Chief Economic Advisor Arvind Subramanian (pictured below) says the Union Budget aims at shifting from consumption-led growth to one led by investment, and building of institutional architecture. He spells out more on what this and related aspects would translate to, in a talk with Business Standard. Edited excerpts: What are the three big ideas from this Budget? First, the need for investment-led growth. It manifests in two ways. One is public investment, which has seen a 0.3 percentage point ...Rediff.com, 1 month ago
The Modi government is committed to the same path of maximum government that all previous governments had taken, illustrated well by the strongman approach it has taken to 'fixing' loss-making PSUs like Air India, rues Debashis Basu Here is a comment from early September 2002: “Of the 240 central public sector undertakings, half were operating at a loss. Out of 1,040 state-government run PSUs, 90 per cent were in the red. Taxpayer’s money was invested in loss-making commercial ...Rediff.com, 1 month ago
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