Free Press Journal
  • Cong flays cutting of 1.5 lakh jobs in Indian Army

     New Delhi : Amid reports that the Army may cut 1.5 lakh jobs, the Congress on Wednesday came down heavily on Prime Minister Narendra Modi for his extravagance on self promotion but keeping the Army cash starved.

  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    RBI holds mirror to government on demonetisation

    Against all available evidence, the government continues to claim that demonetisation has met its objectives ‘quite substantially’. The Opposition, on the other hand, says demonetisation was a complete failure. Apart from causing a massive liquidity crunch which led to months of hardship, closure of businesses in unorganised sectors of economy and job losses to millions of workers, demonetisation, according to the Opposition, also brought down growth by 1.5 per cent of GDP.

  • BJP MPs stall adoption of contentious draft report on demonetization

    New Delhi : BJP MPs of a parliamentary panel, of which former prime minister Manmohan Singh is also a member, have stalled the adoption of its contentious draft report on demonetisation that is critical of the Modi government’s note-ban decision.

  • Govt open to giving more powers to RBI: Goyal

    New Delhi : Finance Minister Piyush Goyal on Tuesday said the government is open to giving more powers to RBI to deal more effectively with frauds like the ones allegedly committed by diamond jeweller Nirav Modi in PNB.

  • Make FB commit it won’t influence polls: House panel to government

    New Delhi : A parliamentary panel on Thursday directed IT ministry officials to get a “written commitment” from Facebook and other social networking sites that their platforms would not be used to manipulate Indian elections, a member present at the meeting said.

  • IMA rejects suggestions on NMC bill, calls strike from April 2

    New Delhi : Rejecting the recommendations of the Parliamentary Standing Committee on the National Medical Commission bill, the Indian Medical Association, the largest body of private doctors in India, on Sunday called for an indefinite strike from April 2.

  • Bankers’ union slams governor’s comments

    Mumbai : All India Bank Officers’ Confederation (AIBOC) opposed the statement of RBI governor Urjit Patel that the regulator’s power over public sector banks are weaker than over private players.

  • ‘Inadequate fund allocation’ in budget makes Army unhappy

    New Delhi : The Army has said it was reeling under severe fund crunch and struggling to even make emergency procurements when there was a real possibility of a two-front war and both China as well as Pakistan were carrying out modernisation of their defence forces in “full swing”.

  • Panel pulls up Rlys for free passes in luxury trains

    New Delhi : A Parliamentary Standing Committee has pulled up the Railways for giving “freeloaders” complimentary tickets to travel on luxury trains even though they have been running with an occupancy of just 30 per cent.

  • IMA calls off stir after NMC Bill sent to parliamentary standing committee

    New Delhi : The 12-hour nation-wide stir called by the Indian Medical Association (IMA) to protest a proposed legislation seeking to replace the Medical Council of India (MCI) with a new body, was called off on Tuesday after the Bill was referred to a parliamentary standing committee.

  • Note ban made dealing in black money difficult: FM

    New Delhi : Finance Minister Arun Jaitley on Wednesday said demonetisation may not have completely eliminated black money, but dealing in unaccounted cash has become very difficult. He further said property prices have moderated and digital payments are increasing following the government’s decision to scrap old Rs 500/1000 notes with effect from November 9, 2016. In an interview to a private TV channel, Jaitley said he would not say that black money

  • Air India’s ‘current biz’ not sustainable’, says govt

    New Delhi : Air India’s current business is ‘not sustainable’ as it is neither able to generate enough cash flow nor start repaying even the principal amount on its debt, the government has told a Parliamentary panel.

  • Par panel asks govt for details on AI disinvesment decision

    New Delhi : A Parliamentary panel has sought details from the government on giving in-principal approval to its divest stake in Air India even as modalities are being worked out for the proposed divestment to revive the debt- laden national carrier.

  • RBI governor to appear before parl panel in July

    New Delhi : RBI governor Urjit Patel will on July 6 appear before a parliamentary panel which has called him for the fourth time to discuss the demonetisation move. On the previous two occasions, the central bank governor sought exemption saying that he was occupied with the monetary policy.

  • Banks not yet prepared for GST rollout: IBA to Parliament panel

    New Delhi : With less than a month left for the rollout of the GST, the Indian Banks’ Association (IBA) has informed a Parliamentary panel that lenders are not yet geared up for implementation of the new indirect tax regime.

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