NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
'The government must understand that the Indian Railways is like a Kamdhenu cow. It can look after your GDP, it can look after the health of the nation. But the Kamdhenu cow also needs nourishment.' 'You have not at all looked after the Indian Railways, you have ill treated the Indian Railways, you have mistreated the Indian Railways and you have given the Indian Railways step motherly treatment.' 'I don't think this government has understood the Indian Railways.'
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
The Budget allocated an increase in allocation for MGNREGS, LPG expansion, electrification & smart panchayats.
They expressed concern on taxation issues, the high fiscal and current account deficits, and sought removal of capital gains tax.
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
Former prime minister Manmohan Singh said India is poised to take advantage of globalisation and engage in trade to finance its imports through exports.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Govt is likely to find it hard to meet deficit target next year.
The final agriculture GDP numbers for 2016-17 are expected to be revised up, as rabi production is looking really good.
Illegal weapons proliferation through the porous India-Myanmar border in the north-east has been a boon for the Maoists operating in the rest of the country. It has been disclosed by the Bharatiya Janata Party's national security cell convenor P Chandrasekhar following his situation review meeting with convenors of state BJP security cells in the north-east.
Government's fuel subsidy estimate was based on crude oil at $70.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
On Tuesday, Economic Affairs Secretary Arvind Mayaram told reporters that economic growth this financial year would be over five per cent and the numbers in the second quarter would be better than the first quarter which yielded gross domestic product expansion of 4.4 per cent, a four-year low.
The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL) by October.
Jaitley said govt would achieve 4.1% fiscal deficit target in FY15.
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
Sebi will join RBI and the government in their fight against bad loans.
In return, BSNL should be allotted 1.2 MHz in the 1800-MHz band in each circle, subject to some conditions.
It is possible that the final Budget architecture may be at variance with the comments.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
Finance Minister Arun Jaitley more than halved the central government's financial support.
India's latest GDP numbers do not signal robust economic growth in near term.
Even if the new body focuses on long-term planning, it is unlikely to do so through five-year Plans.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
Search is on for reliable indicators of underlying activity.
FM says government policies aim to contain inflation, spur growth.
The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.
The finance ministry website that lists the total disinvestment revenues to be mobilised during the current year already shows that no receipts are expected from strategic sales in the current year.
Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.
Hitting GDP growth of more than six per cent will require substantial foreign direct investment, especially if household savings largely continue to remain locked.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
Union Budget had projected the fiscal deficit at Rs 5.56 lakh crore.
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