News for '-finance-commission'

Mahatma Gandhi statue vandalised in US; India demands action

Mahatma Gandhi statue vandalised in US; India demands action

Rediff.com30 Jan 2021

The statue of Gandhi, which was donated by the Indian government to the city of Davis, was installed by the city council four years ago amidst protests from anti-Gandhi and anti-India organisations.

Mamata pins hope on Modi govt for debt repayment problem

Mamata pins hope on Modi govt for debt repayment problem

Rediff.com26 May 2014

Denied of any relief from the UPA-II government, West Bengal Chief Minister Mamata Banerjee on Monday pinned her hopes on the new BJP government at the Centre for a positive response on the state's huge debt repayment problem.

Budget 2019: Why FM likely to stick to fiscal deficit target at 3.4% of GDP

Budget 2019: Why FM likely to stick to fiscal deficit target at 3.4% of GDP

Rediff.com18 Jun 2019

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.

We might have made some mistakes: Shah on migrants

We might have made some mistakes: Shah on migrants

Rediff.com8 Jun 2020

'We might have lacked somewhere but our commitment was absolute. We might have made mistakes and fallen short to some extent. We might not have done something but what did you do'

Explained: How govt earns Re 1, and spends it

Explained: How govt earns Re 1, and spends it

Rediff.com1 Feb 2019

For every rupee in the government coffer, 70 paise will come from direct and indirect taxes, while the government will spend 23 paise towards the states' share of taxes and duties.

Budget making exercise starts, health outlay may get 50% boost

Budget making exercise starts, health outlay may get 50% boost

Rediff.com30 Nov 2020

Outlay for infra is also expected to see a significant increase in view of the government's Rs 111-trillion investment plan under the national infrastructure pipeline to develop social and economic infrastructure over five years.

'Bengal has a lot to learn from Gujarat'

'Bengal has a lot to learn from Gujarat'

Rediff.com30 Mar 2021

'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?'

'Our healthcare system has collapsed'

'Our healthcare system has collapsed'

Rediff.com19 May 2021

'Both the Centre and the states cannot say that they have been taking good care of public health.'

Amit Shah rules out joining Modi government, says happy being BJP president

Amit Shah rules out joining Modi government, says happy being BJP president

Rediff.com31 Jul 2017

The BJP chief exuded confidence that the party would retain power at the Centre in the 2019 Lok Sabha polls with more strength.

States demand more money from Centre ahead of Budget

States demand more money from Centre ahead of Budget

Rediff.com7 Feb 2016

We should work in unison to boost growth: FM

FM seeks additional Rs 2.35 lakh crore to meet expenses

FM seeks additional Rs 2.35 lakh crore to meet expenses

Rediff.com14 Sep 2020

Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.

All govt departments to make 'savage cuts' in expenses

All govt departments to make 'savage cuts' in expenses

Rediff.com9 Apr 2020

Days after cutting the salaries and other allowances of MPs and ministers, the government has passed instructions to all departments to reduce their expenditure by as much as 60 per cent from their first-quarter spending plans.

BJP sets target of over 21 LS seats from northeast in 2019 polls

BJP sets target of over 21 LS seats from northeast in 2019 polls

Rediff.com24 Mar 2018

The BJP needs to win maximum number of seats from northeast to strengthen Prime Minister Narendra Modi so that development of the region continues.

Forget tax cuts, Sitharaman advised against Budget sops

Forget tax cuts, Sitharaman advised against Budget sops

Rediff.com11 Jun 2019

FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.

Centre announces financial package for Andhra Pradesh

Centre announces financial package for Andhra Pradesh

Rediff.com8 Sep 2016

Andhra Pradesh has been demanding a Special Category State status from the Centre ever since the state's economic powerhouse Hyderabad, which housed several IT and pharmaceutical companies as well as PSUs, went to Telengana in the bifurcation

Budget lays down multiple goals, but fails on fiscal consolidation front: C Rangarajan

Budget lays down multiple goals, but fails on fiscal consolidation front: C Rangarajan

Rediff.com4 Mar 2015

Budget has laid emphasis on increasing social spends

Budget: Rs 4.78 lakh crore allocated for defence

Budget: Rs 4.78 lakh crore allocated for defence

Rediff.com2 Feb 2021

Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.

How can Nirmalaji raise more revenue?

How can Nirmalaji raise more revenue?

Rediff.com11 Nov 2020

Every option before the finance minister comes with a price tag, observes T N Ninan.

Budget 2021: Experts waiting for a debt management road map

Budget 2021: Experts waiting for a debt management road map

Rediff.com22 Jan 2021

There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.

FM slipped on Service Tax issue: Chidambaram

FM slipped on Service Tax issue: Chidambaram

Rediff.com19 Jul 2016

He was commenting on a reply given by Jaitley to a question in Rajya Sabha.

We've no idea what we are going to do in the next decade

We've no idea what we are going to do in the next decade

Rediff.com6 Jul 2019

'An era of fiscal pessimism is setting in, which, if not countered intellectually, is going to have the same effect as export pessimism has had,' notes T C A Srinivasa Raghavan.

Stick to fiscal discipline, spend on infra: Jaitley to states

Stick to fiscal discipline, spend on infra: Jaitley to states

Rediff.com11 Apr 2016

Jaitley said focus is on larger expenditure on social sector.

Come back, celebrate life: Modi to insurgents

Come back, celebrate life: Modi to insurgents

Rediff.com7 Feb 2020

Addressing a massive public rally to celebrate the signing of the accord on January 27 that is expected to bring lasting peace to the troubled state, Modi said now the time was to work together for peace and development of the North-East.

How cash-starved Modi govt plans to prune expenditure

How cash-starved Modi govt plans to prune expenditure

Rediff.com28 Aug 2019

'If the current mood in North Block, headquarters of the finance ministry, is anything to go by, the government will now keep a closer watch on all kinds of schemes and projects undertaken by different central ministries. 'The next six months will determine which central schemes will have to be wound up and which ones will survive the axe,' says A K Bhattacharya.

Rajnath's swipe at Aamir in Lok Sabha: 'Ambedkar didn't want to leave India'

Rajnath's swipe at Aamir in Lok Sabha: 'Ambedkar didn't want to leave India'

Rediff.com26 Nov 2015

Union Home Minister Rajnath Singh on Thursday said B R Ambedkar had never thought of leaving the country despite being subjected to insult and discrimination.

GST rate likely to be over 12%: FinMin

GST rate likely to be over 12%: FinMin

Rediff.com4 Mar 2010

The Finance Commission (task force) had recommended an overall GST rate of 12 per cent 'but it is likely to be higher than that', revenue secretary Sunil Mitra said at a Confederation of Indian Industry seminar in New Delhi.

4 ways Nirmalaji's Budget is different

4 ways Nirmalaji's Budget is different

Rediff.com6 Mar 2021

But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.

Finance panel outsources eco management job

Finance panel outsources eco management job

Rediff.com15 Apr 2008

The 13th Finance Commission has outsourced a major part of the exercise for devising ways to better manage ecology, environment in the North-East to two prominent organisations. The commission has entrusted two renowned institutes of the country -- The Energy and Resources Institute and the Bhopal-based Indian Institute of Forest Management -- with the job to explore ways to better manage ecology, environment and climate change consistent with sustainable development.

'PM making shallow comments as he is disturbed by falling GDP'

'PM making shallow comments as he is disturbed by falling GDP'

Rediff.com1 Sep 2015

Bihar Chief Minister Nitish Kumar asked the prime minister not to make new promises to Bihar but "show moral courage" and ensure implementation of all the promises made till date.

'Fighting coronavirus is a priority, so is giving timely salaries'

'Fighting coronavirus is a priority, so is giving timely salaries'

Rediff.com12 Apr 2020

'We will not compromise on it. We will not make any deferred payments or cuts.'

Did the Budget ignore the fiscal crisis?

Did the Budget ignore the fiscal crisis?

Rediff.com16 Jul 2019

'The Budget numbers presented severely underestimate the magnitude of the unstated fiscal crisis that we went through in 2018-2019, which cannot be conceivably be fully reversed in 2019-2020,' points out Rathin Roy, director, National Institute of Public Finance and Policy.

Higher tax share for states in Budget

Higher tax share for states in Budget

Rediff.com8 Feb 2015

Prime Minister Narendra Modi's idea of cooperative federalism is expected to be on display in the 2015-16 Budget.

Nirmalaji must wield the whip. Often

Nirmalaji must wield the whip. Often

Rediff.com18 Feb 2021

'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.

Should there be a calamity levy?

Should there be a calamity levy?

Rediff.com5 Oct 2018

Experts have flagged issues regarding the levying of new cess/tax, especially those related to complications in administering the cess.

Will Bengal give Didi a third term?

Will Bengal give Didi a third term?

Rediff.com10 Mar 2021

Will appeasement, rising unemployment and her dictatorial style become major obstacles in her path? asks Payal Singh Mohanka.

Data on India's burgeoning farm exports is not correct

Data on India's burgeoning farm exports is not correct

Rediff.com17 Nov 2020

A closer look at the data reveals that a lot of the items are not part of this calculation. The notable ones include buffalo meat, marine exports, raw cotton, and plantation crops such as tea, coffee, rubber, etc.

Sitharaman offers festive advance, cash for LTC, capex boost

Sitharaman offers festive advance, cash for LTC, capex boost

Rediff.com12 Oct 2020

The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.

'No magic bullet to agriculture reforms'

'No magic bullet to agriculture reforms'

Rediff.com9 Feb 2021

'Agri reforms need to go beyond the limited concerns of these three laws in improving agriculture productivity in cereal and crop diversification and production patterns.'

What to expect from Budget 2019

What to expect from Budget 2019

Rediff.com7 Jan 2019

The losses in state elections in Rajasthan, Madhya Pradesh, and Chhattisgarh have put the ruling party under pressure to announce swift measures aimed at addressing rural distress and lack of employment.