Tuesday's meeting at the PM's residence, attended by all the five secretaries in the finance ministry besides top officials of other economic ministries and NITI Aayog, cleared a five-year vision plan for the government to make India a $5-trillion economy by 2024.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
National artificial intelligence unit stuck for lack of anchor department
This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.
The new government may also introduce a separate scheme for revival of stranded gas-based power projects
There is talk of a fresh approach to a new labour code as well as reforming land acquisition laws in such a way as to be politically.
The incoming government will have to encourage private investments, bring down cost of capital
Mumbai is the most hard working city in the world. Mumbaikars work for an average of 3,315 hours annually. In comparison, a full-time employee in Beijing works for an average of 2,096 hours a year, says Shyamal Majumdar.
BJP banks on Modi, Congress on its candidate Manvendra Singh in Barmer, India's largest constituency by area after Ladakh.
Government officials were struggling to understand why the lenders denied emergency funds even after giving verbal assurances on providing Rs 1,200 crore.
RBI Governor Shaktikanta Das and Finance Secretary Subhash Chandra Garg are also expected to attend the meetings.
According to the revised plan, promoter Naresh Goyal, his wife Anita Goyal and the directors nominated by the promoter would be asked to step down from the board, and the lenders, as part of the resolution process, will infuse around Rs 1,200 crore into the airline as emergency funding.
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
108 economists, social scientists said it was imperative that agencies like CSO and NSSO are not subject to political interference.
'They will keep him there for quite some time.' 'There are no easy options.' 'It won't be unusual for a foreign power to intervene and get him released after some time, but not immediately.'
Not only is there a possibility for a conventional retaliation by Pakistan, there could also be terror attacks.
The decision to scrap the plan for landless workers and focus only on small and marginal farmers was made as there was no proper method to find out who qualify as landless labourers.
The combined fertiliser, food and petroleum subsidy budgeted estimate for FY19 is Rs 2.64 trillion, while the revised estimate is Rs 2.66 trillion. If the carrying forward to FY20 does not happen, the revised estimates for the major subsidies could actually cross Rs 3 trillion for the first time ever.
Fifty-six months on, the government's record in implementing these schemes and projects has been mixed, report Arup Roychoudhury and Indivjal Dhasmana.
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