NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.
Railways is testing waters for locomotives to run on lithium-ion batteries, the most common ones used in electric vehicles.
For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.
Experts say local demand, government policies in retail and refining sector are attracting foreign players.
The fuel delivery scheme mainly targets consumers that buy in bulk.
Of the 272-km Udhampur-Baramulla rail line, nearly 111-km stretch between Katra and Banihal is incomplete.
Though bids for 43 Train 18 sets were invited first, orders for only three were given, including one for Spanish major CAF and Medha Group that supplied for the first Vande Bharat train.
Sources in the Fifteenth Finance Commission said that they will implement the provisions after the bill is enacted and the President makes a reference to it.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.
With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
A government panel said policymakers and regulators should have an open mind regarding the introduction of an official digital currency in India.
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York for a term of no less than 20 years.
The railways heritage lines that are part of the UNESCO-accorded sites list include Darjeeling Himalayan Railway, Nilgiri Mountain Railway, and Kalka Shimla Railway.
Sources in the know said the government would initiate talks with businesses, including Tatas, shortly for divesting its stake in the national carrier.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
The main difference of opinion between RBI and FinMin is over the transfer of the RBI's 'excess' capital reserves. The Jalan panel seeks to convince finance secretary Subhash Garg to soften his dissent note language. The move is aimed at maintaining the now-cordial relations between the RBI and the finance ministry.
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