India opened up its economy to the private sector in 1991.
This move will enable it to incur higher-than-mandated borrowing, and possibly spending, till the 2024 Lok Sabha election cycle.
In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
Finance Minister Arun Jaitley more than halved the central government's financial support.
The 13th Finance Commission had last year set a capital expenditure-to-GDP target of 4.5 per cent by FY15.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
The extra borrowing implies Jaitley will have extra spending space in the Union Budget for FY19, the last full one before the 2019 general election
BJP's reversals in rural Gujarat has prompted many policy watchers to predict that the Budget would have incentives for the agriculture sector and the rural economy.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Telugu film star and Jana Sena Party chief Pawan Kalyan has launched a vitriolic attack on the Centre for denying special category state status to Andhra Pradesh.
The HRD ministry is preparing a point-by-point rebuttal on charges that include infringing on the autonomy of higher educational institutions and a cut in the education budget.
When did Urjit Patel really resign? When did Shaktikanta Das get the mandate to take over as RBI governor?
The final rate will be worked out by the GST Council, Finance Minister Arun Jaitley said on Wednesday.
The 3 per cent target would now to reached a year later.
The report stated the 2013 land Act was a step forward.
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
The finance minister has labelled about 65 per cent of the fuel excise revenue as cess, including the restructured road and infrastructure cess
The assessment sent to the Prime Minister recommended that a new think-tank be set up with experts of domain knowledge to replace the plan body.
The PM spoke about financial inclusion.
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
Centre releases Rs1,712cr to TN, Rs 1,234cr to Karnataka for drought.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
Assessment note says panel acts as control commission, especially in fund allocations to states.
The government has proposed to implement GST from April 1, 2016, and the new Finance Commission may be set up ahead of its schedule to look into the issues related to the new indirect tax regime.
As per latest government data, retail inflation inched up to a 22-month high of 5.77 per cent in June.
The BJP president further said that Andhra Pradesh has always been on the agenda of national development and Prime Minister Narendra Modi has left no stone unturned to ensure its growth and prosperity.
A well-functioning GST will enhance tax compliance and boost growth: IMF
Kumar also questioned the prime minister on various promises made by his government including return of black money, enhanced MSP to farmers and special status to Bihar among others.
'Both the governor and the President enjoy an enormous array of 'grey' powers.' 'All parties criticise these when in the Opposition. But why does no government dismantle them when these parties come to power?' asks Aditi Phadnis.
The announcement to end the stir, which began on January 27 to press for payment of their dues, was made by the Swatantra Mazdoor Vikas Sanyukt Morcha -- an umbrella body of 38 unions of sanitation workers and class IV employees of East and North Delhi Municipal corporations.
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
Agri experts are meeting FinMin ministry officials on Monday to give their inputs on the Budget.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.
The shift from 'one country, one tax' to four tax rates could dilute possible gains on GDP, warns T N Ninan.
Bimal Jalan, has recommended to the government that it cut fiscal deficit to 3.6 per cent of the GDP during 2015-16.
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
The government on Wednesday approved Rs 10,000 crore (Rs 100 billion) 'Fund of Funds for Startups' to support them with an aim to generate employment for 18 lakh persons.
Beyond welfare politics, the BJP has assiduously worked to appropriate regional icons.
