Overall prospects for economic growth are constrained by lack of new investments despite major gains in industrial growth in the first half of the fiscal, according to National Council for Applied Economic Research.
'Whether we like it or not, coronavirus is knocking on the door. We only have two weeks, a month if we are lucky, to prepare for its spread.' 'The US wasted this opportunity and is facing spreading virus and economic meltdown,' notes Sonalde Desai.
Replying to a query, whether the government has made any assessment of black money stashed by Indians in foreign countries, Jaitley said there is no official estimation of that.
Reserve Bank of India has kept options open for a possible repo rate cut but said there was no "great urgency" for slashing it from the present level of 5.0 per cent.
Reserve Bank of India on Wednesday expressed confidence that the Indian economy has the resilience to face any problems that might crop up in the event of a war in Iraq and said the soft interest bias would continue despite a rise in price level.
Citing national security and confidentiality clauses, the Finance Ministry has declined to disclose information on exchange of correspondence among India, Swiss and German authorities in connection with the black money probe.
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
'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.'
Pooling will also kick-start projects of Reliance Power, Torrent, Lanco.
The praise comes a year after Prime Minister Narendra Modi termed it a 'monument of UPA's failures'.
Governments find themselves expanding the entitlements of the least productive - farmers and bureaucrats - and abridging those of the more productive parts of the workforce.
The Credit Suisse report has estimated the middle class on the basis of their wealth rather than their income, says Prachi Salve ' IndiaSpend.