The finance minister could improve the quality of public spending, which could mean placing greater emphasis on capital expenditure and a closer review of revenue spending, such as subsidies, to ensure they are targeted only at the poor and are less of a drag on public finance, notes A K Bhattacharya.
She said I treated her like a bachchi. At another moment, she said I had gone to various people and 'bitched' about her. She also threatened to bring the entire matter to the PM's notice. A revealing excerpt from Subhash Chandra Garg's We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.
8 out of 10 households are planning to cut their tomato consumption if prices stay in the Rs 75-150 kg range over the next three months.
Former West Bengal governor Jagdeep Dhankhar's subsequent elevation set a new benchmark for the actions of those who occupy Raj Bhavans, observes Aditi Phadnis.
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
'With over 50 per cent of medical seats reserved for those who have the ability to pay a fee ranging from Rs 50 lakh to Rs 1.5 crore for a five-year MBBS course and quotas in accordance with affirmative policies in government colleges, the band of seats available for the not-so-rich and non-OBCs is very narrow.'
The government and the farmers must come back to the negotiating table with only the interest of the country in mind, suggests Vivek Gumaste.
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
The central bank dashed hopes of any steep interest rate reduction.
One of the most critical elements for India to reach its export targets is to boost broadband infrastructure in the country.
Mayawati also sought the dismissal of a plea, which alleged that pubic funds were misused in the construction of memorials and statues.
'The revival of household savings and investment is the litmus test of whether we are on the road to recovery,' says Nitin Desai.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
The United States has proposed changes to the H-2B application process to make it more responsive to urgent work force needs in the country.
Modi govt must implement few policy measures which it announced in Budget 2015.
Strongly advocating reforms in all segments of agriculture, the government on Friday said it will take up with Nabard its plans to double the rural credit in the next three years.
What is required is a radical reworking of business processes and incentives to which staff respond.
The 2005-06 Survey tabled in Parliament said the Indian industry needed to be unburdened from high level of taxes and distortive exemptions that provided perverse incentives.
Prime Minister Manmohan Singh discusses Union Budget presented by Finance Minister Pranab Mukherjee in the Parliament on Friday with Business Standard's A K Bhattacharya.
Key lessons from the mandate must find reflection in Budget announcements.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
United States Defence Secretary Chuck Hagel resigned on Monday amid reports of differences with President Barack Obama who apparently wants to install a new leadership at the Pentagon as he enters the last two years of his presidency facing new global challenges like the rise of IS.
'We should build a military with the capability to fight today's war on priority -- balancing it with the requirements of the future,' says Lieutenant General Anil Chait, one of the Indian Army's most cerebral thinkers who recently retired as chief of the Integrated Defence Staff, in his agenda for the new defence minister.
The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.
In recent years, as the number of government economic reports coming out in the weeks and months before the Survey has increased, its utility has diminished as a source of data and as the ministry's assessment of the state of the economy.
The government on Thursday said that any slowdown in the excess capital flows from the last year's high levels could affect the stock market in short-term, even as it would make the monetary management easier.
There is much work to be done to design a good GST.
Progress on several parameters creates a tipping point situation.
Finance Minister Pranab Mukherjee on Friday ruled out rollback of petrol and diesel price hike saying the nation's fiscal condition did not permit him to do so.
The United States Agency for International Development said on Wednesday it would extend $20 million (Rs 90 crore) to Uttaranchal, Jharkhand andKarnataka to improve their fiscal management systems.
Besides, he strongly defended $570 billion stimulus package extended in 2008 to revive the economy, refuting criticism that China paid 'undue price' by relying more on credit investment which ended up creating bad loans.
International Monetary Fund has warned that large fiscal deficit and public debt was hampering India's economic growth, which is slated to go up by 1.0 per cent to 5.5 per cent this fiscal in the face of good monsoon.
For a capital-scarce country like India, it is criminal if the government fails to manage its own expenses.
Reduction in corporate tax rate: In view of the fact that the present Budget is expected to be intermediate in nature, insofar as it would pave the way forward for DTC, it will be commendable if CTR in FY 2012-13 is brought down at least to match the proposed rate of flat 30 per cent in the DTC.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
Indian economy about to take-off
NDA government has shunned populism.
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