The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
'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?'
The outgo for major subsides, is the highest in the first quarter.
The Survey lists some of the challenges that might impede India's progress.
India needs to spread irrigation and do so against a backdrop of rising water scarcity and depleting groundwater resources
The agenda for the year 2020 is well laid out -- launch of UDAY 2.0, installation of smart pre-paid metres, prompt payment by discoms, making coal available for short term and reviving gas based plants. But, it has to ensure effective implementation of various policy tweaks done so far.
Describing DBT for LPG as a 'tremendous success,' Oil Minister M Veerappa Moily said the programme, when implemented throughout the country, would help save Rs 8,000-9,000 crore (Rs 80-90 billion) of subsidy from going to unintended beneficiaries.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
Govt targets 1 cr consumers to give up LPG subsidy.
The government would have to assure the Supreme Court that collection of biometric data under Aadhaar does not violate privacy.
The two states account for 24% of total accounts opened under financial inclusion scheme.
The government had last year excluded those with an annual income of more than Rs 10 lakh from LPG subsidy
Department of Financial Services is regularly emphasising the early issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar seeding, financial literacy and the progress in survey made.
The government is coming up with this new law, replacing the Consumer Protection Act 1986, which will incorporate the revised 2015 UN guidelines on consumer protection.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
Replying to the debate in Rajya Sabha on a motion thanking the president for his address to the joint sitting of both houses of Parliament, he said for the first time in decades, people of Jammu and Kashmir got benefits of reservation.
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
'This updated NPR database along with Aadhaar Number would become the mother database and can be used by various government departments...' the home ministry declared in July 2015. 'UID/Aadhaar has been used as a fish bait to ensnare and entrap present and future generations of citizens,' warns Gopal Krishna.
Modi had campaigned with promises of jobs, infrastructure and development.
Hordes of cows rampage through the fields, eating everything in sight. This is after the UP government banned slaughter of cattle. As a result, farmers whose cows become old and are a liability simply sets them loose.
Many users did not know that their entitlement was not coming to their regular bank account but going to an account which they had not applied for.
However, ration card, driving licence, voter identity card, Kisan passbook with photo, job card issued under MGNREGS and a certificate issued by a gazetted officer or a tehsildar will be admissible as proof of identity for people to get the benefits under the scheme till the time they get Aadhaar.
A look at the key decisions taken by the Narendra Modi government in its six months.
Govt expects to save Rs 10,000 crore through this move.
Led by the country's largest lender State Bank of India, banks have opened over 3 crore basic accounts within a fortnight of the launch of the scheme on August 28.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.
In other welfare schemes, such as those for cooking gas, pension and scholarships, which are linked to DBT, cash is transferred directly into the bank accounts of beneficiaries.
In a presentation prepared for the incoming Narendra Modi-government, the ministry listed national oil companies losing focus on domestic exploration as well as legal disputes around signed contracts with private explorers among the five things that went wrong during the United Progressive Alliance regime.
Narendra Modi government, the US Treasury Secretary Jacob Lew on Thursday said India needs more reforms
The PM signs the development mantra in his last rally ahead of Delhi polls.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
Modi's second visit to Arunachal Pradesh was vehemently opposed by China which urged India to refrain from taking any action that may "complicate" the boundary question.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
Shortly after the Union Budget was announced, political leaders from across the spectrum reacted to it. Here's what some of our leaders said.
Attractive pricing coupled with improving prospects make the offer lucrative
The amended bill also provides for a stiff Rs 1 crore penalty and a jail term for private entities for storing Aadhaar data.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances