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New Delhi: Exhausted by Mamata Banerjee’s diktats that have blocked economic reform, the Congress is deciding whether to reboot the ruling UPA coalition that it leads. Ms Banerjee, unpredictable and temperamental at the best of times, has 19 Lok Sabha MPs. The Congress is increasingly confident that if she...
New Delhi: New UP chief minister Akhilesh Yadav, who has been feted for trying to keep away people with dubious antecedents from the Samajwadi Party as he fought a winning battle for UP, will find himself having to repeatedly explain the induction of Independent MLA from Kunda, Raghuraj Pratap...
New Delhi: Railway Minister Dinesh Trivedi looked set to quit on Thursday after a storm broke out over his move to raise passenger fares, underscoring the government’s inability to take unpopular policy steps amid growing speculation the ruling coalition could break up. Breaking with years of populist policies, Mr...
CII notes that the Economic Survey projects recovery in GDP growth in the next two fiscals to 7.6% and 8.6% respectively. CII’s concerns on high interest rates, falling investment and high fiscal deficit having impact on industrial growth has been rightly highlighted by the Economic Survey. Concerted actions on...
As widely expected, the Reserve Bank of India has refrained from immediate action on lowering of key lending rates till there are signs of further easing of inflation. Its mid-quarter review on the eve of Budget has kept repo and other policy rates unchanged while it has recently effected...
Finance minister Pranab Mukherjee has got enough indicators to deliver a ‘tough’ budget. The economic survey tabled in the Parliament today and the Reserve Bank ofIndiacredit policy announced earlier cry out for a fiscal consolidation. A tough budget means raising tax revenue and cutting on government expenditure. A slow...
By Kalyani Shankar The idea of an alternate Front often surfaces just before or after the polls. The fact that such a front consisting of left and some regional parties ruled the country more than once gives the hope for the Third Front strategists who are waiting for another...
by Nora Chopra The Congress will be open to taking support from the left both in getting its MP elected to Rajya Sabha fromWest Bengalas well as in the election of the President if Mamata does not collaborate. West Bengal Assembly can elect five Rajya Sabha MPs out of...
NEW DELHI: Thomas Cook had received at least eight proposals from potential buyers, the travel company said on Wednesday, as it closed bids for the sale of its Indiabusiness. Several private equity and global investment firms, including Kohlberg Kravis Roberts (KKR), Carlyle Group, Everstone Capital, T A Associates, and...
MUMBAI: Banks receiving capital support from the government will have to think twice before putting money in non-core businesses. This is a condition that has been laid down by the finance ministry which, however, has not spelt out the activities that can be described as non-core. This was indicated...