'It is important to improve the quality of spending.'
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
While number of commitments inched up in 2015, its value slipped 23% to 11-year low.
FinMin officials say an announcement could be made in the Budget.
The zones, says Panagariya, would have to be set up near deep-draft ports, capable of accommodating very large and heavily loaded ships
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
The panel's recommendations will be aimed at making a predictable and non-adversarial tax regime in the economy.
The praise comes a year after Prime Minister Narendra Modi termed it a 'monument of UPA's failures'.
Changes in threshold not to have a significant revenue impact, say officials
The Lok Sabha has already passed the Bill.
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
MNREGS labourers are usually engaged in irrigation projects.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
Agri experts are meeting FinMin ministry officials on Monday to give their inputs on the Budget.
This would include state capitals and 53 cities with a population of 10 lakh each.
The states will be asked to tap the Centre's JAM trinity.
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