After the April-July fiscal deficit data was released on August 31, several analysts hinted that the government may need to go for cuts in capital expenditure to meet the fiscal deficit target.
Finance ministry tells PM fiscal deficit target will be met, capex expenditure won't be cut and GDP growth will surpass 7.5%.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
The major beneficiaries have been the ministries of roads and highways, railways and power
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
Officials say that such a list, to be updated on a real-time basis, will serve as a ready reckoner in identifying those committing multiple economic offences
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
A representative of the Confederation of ATM Industry said ATM players were not consulted about the move and they received the news via media platforms.
The review will not only present data, trends but also list out the achievements of the Narendra Modi government
Centre working on open-ended lease agreement to enablesale of property at the end of the agreement period
Performance-based incentives were recommended by the 13th Finance Commission, but omitted by the 14th Finance Commission
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
The reason for the EPE's relatively low volume of traffic may lie in the lack of adequate safety measures, especially after sundown. Barring intermittent patches, the highway has no street lights.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
The minister without portfolio is recovering well after his kidney transplant and has started walking in his hospital room.
Importantly, is there hope going forward?
The chargesheet was filed against Nirav Modi and 23 others.
"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.
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