The Supreme Court last week set aside the order of the Andhra Pradesh High Court in the arbitration dispute between the US firm Venture Global Engineering and Satyam Computers Services Ltd. It

Dispute over foreign award remitted to local court

Business Standard

The November 2007 numbers for the Index of Industrial Production (IIP), released last Friday, came in far below expectations. From July, the index has followed a see-saw pattern, growing rather slowly

Erratic growth pattern

The provision of a dole can enable the government to push through a reform agenda in agriculture. 


Subir Gokarn: Dimensions of inclusiveness-II

Webel's digital tool enables people with cerebral palsy to communicate.


IT for social good

A new model developed by the CSSRI ensures cleaner farming and promises tangible long-term benefits.


Surinder Sud: Adopting mixed farming

The Supreme Courts concurrence with the recommendation of a committee to more than double the cut-off income limit for households deemed to be below the poverty line (BPL), for the purpose of

Radical suggestion

That junior army officers are an unhappy lot is well known; there are more than 11,000 empty officer slots, a staggering 25% deficiency that nobody wants to fill. This shortfall is entirely at the

Ajai Shukla: An army run on whim

<B>Harsh Sethi</B>, son of P K Sethi tells <I>Sreelatha Menon</I> that the doctor refused to call the artificial limb Sethi foot or to patent it 


`The Jaipur foot has reduced him to just one invention`

PK Sethi, who died on January 6, has left behind a controversy over his invention of the Jaipur foot which refuses to die with him. 


Who invented the Jaipur foot?

Some forward strides appear to have been made during the Prime Ministers talks with his Chinese counterpart, Wen Jiabao, in Beijing. The two leaders have signed a document, called A Shared Vision

Unexpected gains

The sixth Pravasi Bharatiya Divas celebrations concluded in New Delhi last week. It is a national conclave for non-resident Indians or persons of Indian origin, who are now settled in different parts

A K Bhattacharya: A new equation with the Indian diaspora

India's current account deficit (CAD) for this fiscal is likely to rise to $92 billion, or 5% of the GDP, from 4.1% projected earlier, Bank of America Merrill Lynch said in a report

India's current account deficit to rise to 5% in FY14: BofA-ML

The FY14 Budget presented last week further emphasised on the need for continued fiscal consolidation. Actual fiscal deficit for FY13 came in at 5.2%, lower than the stated target of 5.3%.

Expect bond yields to edge higher this week: Mahendra Jajoo

As Table 1 shows, the government has struggled to control the fiscal deficit since the 2008-09 Budget  coincidentally, the last Budget before this one presented by P Chidambaram.

StatsGuru: 4-March-2013

Having touched a decade's low of 4.5% in the last quarter, India's economic growth in the current quarter to March is also likely to remain weak, say experts

Jan-Mar growth likely to remain weak: experts

The fears of populist announcements ahead of the general elections next year have been allayed, through a pragmatic Budget which takes into account the tough economic environment we find ourselves in, both domestically and globally.The commitment shown towards fiscal consolidation should go down well with the foreign investors and ratings agencies. This in turn will help pick-up in capital inflows which would gradually reduce the pressure on interest rates and the rupee. This should provide room for monetary easing  a 25 bp cut in rates would release Rs 17,000 crore in lower interest charges  an amount that exceeds the super rich surcharge!There is continuity in the other key policy themes and elements as well, which is crucial for providing policy stability and a necessary condition for improving the investment climate. One of the most encouraging themes of the Budget is on gender equality and greater inclusion of women in the economic mainstream. In this context, the setting up of a

A pragmatic Budget: Meera Sanyal

The finance minister presented the Budget in the midst of a tough economic backdrop and slowdown in economic growth. The intent towards fiscal consolidation through a reduction in fiscal deficit has been a key area of focus for the FM in this Budget.Importantly, financial inclusion has been supported through allocations for women, youth and rural India. The increased allocation for Capital expenditure should provide impetus for growth, aided by the increase in investment allowance for corporates. The reduction in STT is good for the equity markets and should help to build momentum. However, we would liked to have a road map for both DTC and GST, as this would have set the agenda for tax reforms.Sunil KaushalRegional Chief Executive, India & South Asia, Standard Chartered Bank

Fiscal consolidation, key area of focus: Sunil Kaushal

India stands at a critical juncture today given the slowing growth, burgeoning fiscal deficit and high inflation. The finance minister has achieved a commendable feat by drafting a Budget that provides the necessary catalyst for achieving sustainable and inclusive growth. At the same time, containing the fiscal deficit to 5.2 per cent in FY13 and an estimated 4.8 per cent next financial year will go a long way towards allaying fears of deteriorating fiscal health.In a clear message aimed at fiscal prudence, he has proposed to reduce the subsidy burden to Rs 2.21 lakh crore in FY14 compared to Rs 2.48 lakh crore for the current financial year. He has also been forthright in emphasising that given the high current account deficit of $75 billion, foreign investments are absolutely necessary and no longer a matter of choice.The Budget clearly puts emphasis on long-term development by increasing outlays in critical areas of infrastructure projects, rural development and preventive healthcar

Budget, catalyst for inclusive growth: Bhargav Dasgupta

Given the current environment, the Finance Minster has presented a realistic and responsible Budget. While he has spent on the welfare schemes, specifically targeted at women, youth and the poor, he has generally been conservative in the spending.  His acknowledgement of the criticality of continued inflow of foreign investments for augmenting the country's growth has been the most reassuring aspect of the Budget.The deferment of he General Anti-Avoidance Rule (GAAR) to April 2016 will help in creating a conducive climate for foreign investors. Moreover,  positive measures such as the introduction of investment allowance, impetus to road projects and higher tax break for housing loans should kick start the investment cycle and usher in growth.The finance minister has set the stage to enable India to step up from  the current growth rate of 5.5 per cent and aim for its true potential of 8 per cent instead. With this, India should be well on its course to becoming the 7th largest economy

A realistic and responsible Budget: Deepak Kapoor

Education experts explain the rise of this highly educated class as a product of the increasing complexity of the country's economy and society

From builders to managers: Educating China's leadership

Reuters

Delhi-based real estate developer Emaar MGF has been accused by the Central Bureau of Investigation (CBI) for allegedly committing financial irregularities through stated sale of plots at grossly undervalued price in the 358.36-acre joint venture Emaar Hills Township Project (EHTPL) in Hyderabad.

CBI charges Emaar with financial irregularities

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