According to Venkatesh Nayak, the new system is being implemented without talking to stakeholders and will make political funding even more opaque.
J.P. Singh allegedly accepted “huge bribes” from hawala operators as well as bookies while investigating the Surat hawala racket and IPL betting cases.
While it will almost certainly impact the fiscal deficit, this needs to be accompanied by an aggressive recovery of loans so that moral hazard doesn’t set in.
The companies are among the over two lakh struck off from the Register of Companies by the government last month.
The sad truth is it’s almost impossible to convert plantations to montane grasslands unless the successive waves of invasive weeds and saplings are held back.
Obese banks are generally unhealthy for the economy. But the government is happily fattening banks thinking they are becoming “stronger” in the process.
The partnership defies 20th-century notions of a public private partnership and offers a glimpse of the private sector tipping its hat to the sovereign function and prerogative in identifying and authenticating the beneficiaries of a digital service.
If the finance ministry is serious about restoring the health of the banking sector, it cannot afford to discriminate between those that won coal blocks and spectrum during the NDA rule and the other defaulting companies.
While it may have boosted certain modes of digital transactions, these are still just a drop in the bucket when compared to ground realities and the larger sea of retail payments.
One major accusation against Chidambaram is that he manipulated the working of the FIPB to help Dayanidhi Maran in the Aircel–Maxis case. An unpublished CAG report shows how this unusual deal was structured in a convoluted manner using preference shares.
Ruling out any further slippage in the timeline, finance minister Arun Jaitley said Indian small business has been given enough time to prepare.
The latest refusal to cut rates, and the MPC’s decision to decline meeting with finance ministry officials before its deliberations on monetary policy, will be hailed by those who are interested in good governance.
Finance ministry officials were scheduled to meet with all six members of the monetary policy committee before its policy statement today, in a move that had raised worries over the MPC’s independence.
India’s opaque approach and practice to BITs undermines the right of ordinary citizens to be informed about these critical issues
The discourse around non-performing assets (NPAs) remains largely focused on private corporations, while NPA concentration in public sector undertakings flies under the radar of scrutiny.
From mandatory Aadhaar and compromised tribunals to opaque political funding, this year’s Finance Bill has it all.
Unusual citations in the survey could indicate the awkward situation of the chief economic adviser, in the face of interference by the finance minister or even the prime minister’s office.
Given the massive hit taken by informal workers after demonetisation, the Budget’s provisions for them are quite inadequate and will be seen as such.
In a letter to RBI governor Urjit Patel, the employee’s union says that the image of the central bank has been dented beyond repair.
The court has questioned the use of Devanagari numerals on the new Rs 2,000 notes in response to a PIL that declares the notes are unconstitutional.
The move comes days after the finance ministry declined the agriculture ministry’s request to allow farmers to buy seeds with the Rs 500 and Rs 1000 notes.
The security breach happened through a malware in the systems of Hitachi Payments Services, which serves Yes Bank.
Early this month the Supreme Court gave the Centre four weeks to submit its reply to a batch of petitions concerning the practice of triple talaq.
The ‘Make In India’ campaign aims to make India a global manufacturing hub, but RBI data suggests that both FDI in manufacturing and the percentage of FDI flowing to manufacturing declined in 2015-16.
The Finance Act, 2015 amended Section 6(3)(ii) of the Income Tax Act, 1961 to introduce a new test called ‘place of effective management’ (POEM) to determine when a company is a resident in India for tax purposes. This change targets foreign companies as companies incorporated in India are […]