Budget 2014, as an eminent columnist said, was not a bang but not a whimper either. Finance Minister Arun Jaitley stressed on growth while he presented the Budget in the Lok Sabha this year. What effect will the Budget have on the lives of the common people? Will it let them save more? Will the Budget cut down on inflation? Eminent business journalist and author Tamal Bandyopadhyay discussed these issues with rediff.com readers during a live chat on Tuesday, July 15. Here is the transcript: ... Rediff.com, 2 months ago
Parliamentary Affairs Minister M Venkaiah Naidu said that he and Finance Minister Arun Jaitley will talk to leaders of Congress and opposition parties on Monday on various aspects of the bill that seeks to raise the Foreign Direct Investment (FDI) cap in the ...Jagran Post, 1 month ago
With a rise in non-performing assets exerting pressure on their profitability, Indian banks’ capital adequacy ratio (CAR) has fallen in the aftermath of the global economic slowdown of 2008 — to 13 per cent as of March 2014 from 13.88 per cent a year earlier, according to data compiled by the Reserve Bank of India. The ratio — a measure of banks’ capital to their risk — was 13.01 per cent as of March 2008. Public-sector banks have been the worst hit, with their ...Rediff.com, 4 weeks ago
The National Democratic Alliance government’s parliamentary managers have a busy weekend ahead, says Rediff.com contributor Anita Katyal. They have to work overtime over the next two days to ensure a division in the opposition ranks in the Rajya Sabha for the successful passage of its Insurance Bill on Monday. The Insurance Laws (Amendment) Bill, which raises the foreign investment cap in the insurance sector from 26 to 49 per cent, was to be tabled in the Upper House on ...Rediff.com, 2 months ago
It has been learnt from the sources that the government will meet Opposition parties to hold talks on Insurance Laws (amendment) Bill in order to reach a consensus on it. Parliamentary Affairs Minister M Venkaiah Naidu said that he and Finance Minister Arun ...Jagran Post, 1 month ago
Sending out a clear signal that the NDA government is moving fast on economic reforms, the long-pending Bill hiking the foreign investment cap in the insurance sector to 49 per cent is set for clearance by the Union Cabinet on Thursday after which it will be tabled in Parliament next week. Ironically, the Bharatiya Janata Party had opposed the same Bill when the United Progressive Alliance (UPA) government had sought its passage in Parliament. However, the BJP-led ...Rediff.com, 2 months ago
The veshti controversy in Tamil Nadu is not about the dress -- but a dress-code, which seems permissible in private homes and offices, but not in private clubs that are open only to well-heeled, and well-paying private members, observes N Sathiya Moorthy. At the height of the post-poll scenario in 1996, then Union Finance Minister P Chidambaram declared in Chennai, thus: “Two veshti (dhoti)-clad Tamils would decide the fate of the nation.” Subsequent developments proved Chidambaram ...Rediff.com, 2 months ago
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