A marginal increase in tax collections coupled with austerity measures to control expenditure helped government to limit fiscal deficit to 34 per cent of the budgeted target by August.
India's large foreign exchange reserves can cushion a short-term jump in oil prices, but a long drawn conflict in Iraq could hurt the economy
The finance ministry expects the inflation to be less than 5.0 per cent in this fiscal after it was restricted at an average 5.5 per cent during 2003-04.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
'It's a classic conflict between the old and the new BJP. The new BJP is made up of turncoats and the old of veterans who slogged for decades when the BJP barely existed in West Bengal'
India is only on the starting block.
The TMC expects to emerge victorious by way of a majority of minority votes and a minority of majority votes, notes Arun Bhatnagar, a retired IAS officer.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
The report stated the 2013 land Act was a step forward.
West Bengal was the second-most industrialised state in terms of value added and first in terms of number of factories and employment even in the mid-1960s. With a severe and long process of deindustrialisation, it lost its primacy.
Shifting to a PPP model could repeat the errors of the past
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.