RBI Dy Governor Viral Acharya, who brought to light differences with Narendra Modi government, quits
NEW DELHI: Viral Acharya, the RBI Deputy Governor who had in October last year brought to light tensions with the government over independence of the central bank, has resigned six months before the scheduled end of his term in the office. Acharya, 45, who was the only Deputy Governor of Reserve Bank of India (RBI) […]
Congress slams Narendra Modi government over BSNL, MTNL losses
NEW DELHI: The Congress on Monday hit out at the Centre (Narendra Modi government) over state-owned telecom firms MTNL and BSNL reeling under losses, alleging that the Modi dispensation was helping private telecom companies at the cost of public sector undertakings. Both state-run telecom firms BSNL and MTNL have been reporting losses since the time […]
Narendra Modi government sacks 12 senior I-T officers including a senior officer for corruption
NEW DELHI: The Narendra Modi government has dismissed from service 12 senior income tax officers, including one of the ranks of the joint commissioner, on charges of corruption and professional misconduct, sources said. The list is topped by a Joint Commissioner rank officer against whom there are serious complaints of corruption and extortion from businessmen […]
Government, legal experts welcome new NPA resolution framework
NEW DELHI: Nafrendra Modi government, legal experts and analysts welcomed the new RBI framework for NPA resolution saying the new norms offer leeway to both capital-starved lenders as well as borrowers at the same time ensure that credit discipline is maintained. Welcoming the new norms announced by the central bank, which whittles down the February […]
From economy to parliamentary affairs, Narendra Modi government announces new cabinet panels
NEW DELHI: The Narendra Modi government on Thursday announced constitution of various Cabinet committees, including the one on economic affairs. On Wednesday, the government had constituted committees on investment and growth to spur the economic growth, and on employment and skill development to deal with the issues of unemployment. It was perhaps for the first […]
India headed for slowdown; Narendra Modi government left economy in ‘dire straits’: Manmohan Singh
By Sanjeev Chopra NEW DELHI: Former prime minister Manmohan Singh on Sunday said India is headed for an economic slowdown and accused the Narendra Modi government of leaving the economy in dire straits due to its “lack of economic vision”. Citing the latest economic growth figures to suggest an impending slowdown, the senior Congress leader […]
Narendra Modi government wrote off 3.5 lakh crore debt of industrialists: Rahul Gandhi
NEW DELHI: The Prime Minister’s Office was directly involved in negotiations with the French on the Rafale deal and Prime Minister Narendra Modi was guilty in the scam, Congress president Rahul Gandhi said on Friday in a fresh attack on the government over the fighter jet agreement. It is an open and shut case, Gandhi […]
A mixed bag of reactions by realtors on Interim Budget 2019
NEW DELHI: Presented by the interim finance minister Piyush Goyal in Parliament today, the interim Union Budget 2019-20 has much to offer to the real sector. From lending a stronger back to the middle-class section of the country to providing some relief to the real estate developer the interim budget came with plenty of perks […]
Highlights of Interim Budget 2019-20
NEW DELHI: The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal in Parliament today are as follows: New Announcements Farmers · 12 crore small and marginal farmers to be provided with assured yearly income of Rs. 6000 per annum under PM-KISAN o […]
Narendra Modi government will take up Rs 50,000 crore projects to decongest Delhi
NEW DELHI: India’s Road Transport & Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation Minister Nitin Gadkari has said that works worth Rs 50,000 crore have been sanctioned for road projects around Delhi. He said, these will immensely improve the air pollution in the Capital city generated due to traffic congestion. He said, […]
India’s debt under Narendra Modi government surges 49% to Rs 82 lakh crore
NEW DELHI: Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the 8th Edition of the Status Paper on Government Debt released on Friday. Compared to the latest data available till September 2018 when the total debt […]
Alok Verma resumes office after 77-day forced leave
NEW DELHI: CBI Director Alok Verma joined office on Wednesday, 77 days after he was sent on forced leave by the central government through a much-criticised late-night order on October 23, 2018, which was set aside by the Supreme Court of India. The October order sent Verma and his deputy Special Director Rakesh Asthana, booked […]
India introduces quota bill in Lok Sabha
NEW DELHI: The government on Tuesday introduced a Bill in the Lok Sabha for 10% reservation in jobs and educational institutions for the economically backward section in the general category. The Bill, approved by the Cabinet on Monday, was brought in on the last day of the Winter Session of the Lok Sabha. Union Minister […]
Narendra Modi government responsible for suicides by farmers: Pravin Togadia
AHMEDABAD: Hindutva leader Pravin Togadia on Saturday blamed “wrong policies” of Narendra Modi government for farmers’ suicides in the country. Togadia, who has recently floated Antar-Rashtriya Hindu Parishad (AHP), Saturday took part in a 20-km march from Dehgam to Gandhinagar in support of the farmers. Several locals and farmers participated in the protest which was […]
Rafale verdict: Narendra Modi government files application to correct factual error
NEW DELHI: The Narendra Modi government on Saturday moved the Supreme Court of India seeking correction in the Rafale jet judgment where a reference has been made about the Comptroller and Auditor General (CAG) report and Parliament’s Public Accounts Committee (PAC) , saying “misinterpretation” of its note has “resulted in a controversy in the public domain”. […]
India appoints Krishnamurthy Subramanian as Chief Economic Adviser
NEW DELHI: The government of India on Friday appointed ISB Hyderabad professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years. The post of CEA had been lying vacant since Arvind Subramanaian left the finance ministry after a four-year stint earlier this year. “The Appointments Committee of the Cabinet (ACC) has approved […]