'Look at Mr Modi. He is a part of this new middle class.' 'India has never before seen this kind of social mobility, certainly not since medieval times.' 'As a result, India's entrenched elite, which is a class of people with a strong sense of entitlement, is being tamed,' Sanjeev Sanyal tells Shyamal Majumdar and Arup Roychoudhury.
The government is also planning to replace the current ageing Air India One or Boeing 747 with Boeing 777s. Arup Roychoudhury and Archis Mohan report.
Centre might move swiftly on its next round of strategic sales in CPSEs
Bank, bankruptcy reforms, Nabard Bill amendment on agenda.
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats on pre-policy meetings
A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
"There have been discussions on implementing UBI in J&K -- not just as a pilot in some districts, but in the entire state, according to Drabu's proposal in the state's Budget," said an official. "Finance Minister Arun Jaitley is also supportive of the idea. A presentation will now be made at the PMO."
The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
While they have restructured loans, there is still question mark over the success of such a work-out
Some may lose competitiveness due to higher compliance costs
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
This amount is just about 10% of the previous IDS
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
'He is positive and likes to get work done,' is how a retired bureaucrat described him. 'I assume he will push the reform agenda with strength.'
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
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