Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
India's efforts to include services in the proposed Framework on Agriculture and Non-agriculture Market Access have received a shot in the arm with the European Union showing willingness to extend its support.
'We will be hoisting the tiranga, but this kind of celebration is uncalled for when the farmers in this country are dying by suicides, their families are ravaged by poverty and farmers are not enjoying any freedom.'
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
While Narendra Modi spent fewer days abroad than his predecessor -- 275 days versus Dr Singh's 306 - he has travelled more widely than any other Indian PM.
Dealing another blow to WTO's Doha Round, crucial talks between four major players at Potsdam in Germany failed today as India refused to yield any ground on giving market for farm products to rich countries.
The New Zealand police on Monday said they have received a "report" wherein it was alleged that two members of a delegation of the Gujarat Cooperative Milk Marketing Federation (GCMMF), the Amul brand owner, "inappropriately touched" a woman at a trade event in the island country a week ago.
The government has identified nine key focus areas in the AI national programme, including agriculture, education, Indian languages, smart cities, cybersecurity, transportation, and finance.
The detention of one person under the Act, however, was not revoked as he has many cases pending against him.
Senior Congress leader and Leader of Opposition in Rajya Sabha Ghulam Nabi Azad made this assertion outside Parliament while speaking to reporters and said the revocation of suspension of the Opposition Rajya Sabha MPs was not a demand, but a 'request'.
'The policy is to consolidate farming into the hands of a few and to take away the food security of the country.' 'Once food is in the hands of 15 chosen corporate houses, you will get food, but at a price that they determine.'
But the measures, particularly in agriculture, may not be enough to revive the sector and double the farm income, says S Mahendra Dev.
Global stock market meltdown is having discernable changes on the commodities markets. Worry of a US recession too has its unique effect on the commodities markets across the globe.
Officials said the proposal and funding could be included in the coming budget and preliminary discussions have been held with finance ministry officials.
In the first informal meeting held four days before the ministerial being convened by World Trade Organization chief Pascal Lamy, many developing countries have further hardened their stand on several aspects of the latest Nama text issued last week. Besides, it violated the cardinal principle of a less-than-full reciprocity in Nama that requires developing countries to undertake bigger commitments than the developed countries.
A normal monsoon, softer interest rates and inflation, pent-up demand, along with mild budgetary support may help growth pick up in coming quarters.
Notably, after coming to power in November 2019, the then MVA government scrapped certain policy decisions of its predecessor BJP-Shiv Sena government led by Fadnavis.
India needs a second green revolution along with the next generation of reforms with a view to make agriculture more climate-resistant and environmentally sustainable, said an RBI article on farm sector challenges. Observing that Indian agriculture has exhibited remarkable resilience during the COVID-19 period, the article said "new emerging challenges warrant a second green revolution along with next-generation reforms". Despite the success in terms of production that has ensured food security in the country, food inflation and its volatility remain a challenge, which requires supply-side interventions such as higher public investment, storage infrastructure and promotion of food processing, said the article titled 'Indian Agriculture: Achievements and Challenges'.
According to a decision taken by the Cabinet Committee on Economic Affairs, the Commission on Agricultural Costs and Prices will consider the above elements while recommending the MSP. The CACP, an advisory body under the agriculture ministry, recommends MSPs of over 20 crops, including wheat and rice.
Several states declared a holiday for schools, while government offices, other establishments and public sector banks remained closed for half a day.
An opportunity to enter a burgeoning sector at a low valuation and favourable policies are propelling some of India's largest corporate groups to scoop up drone start-ups. "Indian corporations lost the race in aerospace and space tech. "No one wants to miss the bus this time. "These are seasoned businessmen and they realise that the market cap of tech companies with problem-solving capabilities will exponentially rise in future," says Vipul Singh, CEO of Aarav Unmanned Systems (AUS).
Releasing the manifesto titled 'Badlav Ka Sankalp' (commitment to change) in the presence of All India Congress Committee (AICC) general secretary Randeep Singh Surjewala and other Mahagathbandhan leaders, Tejashwi Yadav said their government, if elected, would first approve the process for appointments on about 10 lakh jobs in the government.
Vijay Baghel and Jogi accuse the chief minister of prompting liquor vends across the state.
India is the UK's second-largest market by volumes for Scotch, importing the equivalent of 136 million bottles, worth £146.2 million, in 2021.
rediffGURU Baqar Iftikar Naqvi, start-up mentor, founder and CEO of Upriver Ecommerce, offers advice on how to navigate the many challenges of entrepreneurship.
Bihar Agriculture Minister Sudhakar Singh Thursday said that Chief Minister Nitish Kumar could "sack" him for his perceived defiance but he will not step down unless asked to do so by the top leadership of his party, the Rashtriya Janata Dal.
What the labour market statistics of March 2022 show is India's biggest sign of economic distress, points out Mahesh Vyas.
As attempts are stepped up to "steamroll" World Trade Organization (WTO) members to agree to a package of commitments in the Doha trade negotiations by Wednesday, it's time to assess what India is going to secure in agriculture, market-opening for industrials, services and other areas.
India has consistently demanded that about 8 per cent of farm tariff lines to be exempted from the tariff reduction commitments while 12 per cent of tariff lines to be subjected to a minimum cut below 10 per cent. The United States, Australia, Uruguay, Thailand and Malaysia, however, vehemently opposed India's demands during what are called the Walk in Woods meetings convened by the chair for Doha agriculture negotiations Ambassador Crawford Falconer last week.
Agriculture and processed food exports dropped to a five-year low of $24 billion in 2015-16.
Chance of an accord in global trade talks suffered another setback following India's Union minister Kamal Nath terated that the country will not compromise on its stand on agriculture market access in the WTO's Doha round of talks.
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
Software services firm SQL Star International has bagged a contract worth Rs 80 crore (Rs 800 million) from Madhya Pradesh for e-agricultural marketing.
Commodity markets regulator Forward Markets Commission's new chairman B C Khatua has called for the participation of farmers and non-governmental organizations (NGOs) in the futures market.
'There are a lot of companies that have been struggling really hard expecting to do better year after year.' 'All these people will think now, "Let me not fight any more. Let me end this".'
A flex-fuel or dual fuel vehicle is capable of operating on both petrol and ethanol
The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
