Responding to Shagh, National Conference leader Omar Abdullah said the country was suffering from too much "ODOMOS- overdose of only Modi only Shah".
In line with the recommendations of the 12th and 13th Finance Commissions and the second Administrative Reforms Commission, the operational guidelines suggest shifting from the present cash-based accounting system to an accrual basis of accounting.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
The Planning Commission projected the Centre's fiscal deficit to come down to three per cent of the gross domestic product.
The report was tabled by deputy chief minister S K Modi in the state assembly.
The government has made several region-wise and sector-wise allocations in its annual plan and budget proposals.
"Grassroots democracy must get precedence than any other considerations, including security," the functionary said.
Revenue buoyancy of GST will be key to improve the resource position of both central and state governments.
West Bengal Chief Minister Mamata Banerjee on Saturday tore into Narendra Modi government, accusing it of bulldozing the federal structure and running a Presidential form of government, drawing sharp reaction from the Bharatiya Janata Party.
Shah also attacked the Congress and said "the party was finished in the country due to corruption and family rule."
The Budget would preserve macro-economic stability.
The special package assistance would be used to augment irrigation structures in drought-prone areas to address the agrarian distress and drinking water crisis.
Current account deficit in 2010-11 will be well below 3.0 per cent of GDP.
Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
The panel, to be headed by Reserve Bank of India Deputy Governor Shymala Gopinath, will review the structure of the National Small Savings Fund and give recommendations on making schemes more flexible and market-linked.
'At this stage, you should distribute money and food.' 'Like you queue up to vote, let people queue up to collect this.' 'This will arrest the decline in demand which will have a multiplier effect on the demand side for the economy as a whole.' 'The government should earmark about 2% of the GDP for this.' 'And this should be the first step to revive the economy.'
'We are going to have a recession this year, maybe next year too...'
It is believed that the commission in its report has suggested higher allocation to the states during five years starting from next fiscal.
Mitra will take over from P V Bhide after January 31.
Finance Minister Pranab Mukherjee will hold a pre-Budget discussion with state governments on January 13.
The empowered committee of state finance ministers has virtually trashed the Thirteenth Finance Commission taskforce's Goods and Services Tax report.
From withdrawing the stimulus to implementing the Finance Commission proposals, the FM has his task cut out.
'There is merit in keeping the central bank's balance sheet strong if the government's fiscal balance sheet is weak.'
The proceedings were washed out over various issues including the Citizenship (Amendment) Bill and roster system for reservation in educational institutions.
The government should speed up the disinvestment process to generate funds for meeting the new needs such as environment protection, 13th Finance Commission chairman Vijay Kelkar said.
On the sidelines of the NITI Aayog governing council meeting, CMs of West Bengal, Andhra Pradesh, Karnataka and Kerala met PM Modi.
A day before unveiling the Budget, Finance Minister Pranab Mukherjee will table the Economic Survey in Parliament on Thursday which will take stock of the economy and also the impact of stimulus on industry.
The Delhi government is likely to extend the ongoing Winter Session to allow passage of the Jan Lokpal Bill which was cleared by the cabinet earlier this week.
The report for the period ended March 2009, presented in the assembly by Deputy Chief Minister S K Modi, who holds charge of the finance department, said revenue receipts between 2008-09 increased by Rs 4770.97 crore (Rs 47.7 billion) mainly due to grants-in-aid and share of Union taxes from the Centre.
Food prices have been relentlessly rising and was over 19 per cent year-on-year in the last week of November.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
Finance Minister Pranab Mukherjee may have earned plaudits for projecting a decline in the fiscal deficit to 5.5 per cent of gross domestic product (GDP) for 2010-11, but his targets for revenue deficit reduction are relatively modest and represent a departure from the 13th Finance Commission's recommendations.
Finance Minister Pranab Mukherjee on Thursday said that financial year 2009-10 was ending with clear signs of economic rebound and the growth would rise to about 8.5 per cent in the next fiscal.
The Thirteenth Finance Commission on Monday suggested that activities like housing, construction and railways should be included in the proposed Goods and Services Tax to increase the tax base and enhance collections.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
A panel will examine the merits and demerits of various dates for the commencement of the financial year.
The Congress will only survive if it can transform into something more like the BJP used to be: A coalition of strong state leaders held together by shared ideology or personal loyalty, suggests Mihir S Sharma.
In view of the severe drought and growing prices of essential commodities, Prime Minister Manmohan Singh has constituted a crisis management group of Ministers (GoM) for monitoring the situation on a day-to-day basis.
'Event management can distract from, but not permanently mask, execution failures,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
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