Batting for holding of simultaneous elections in the country, a parliamentary committee on Tuesday said this will reduce the burden on the exchequer, expenditure of political parties and also ensure that human resources are optimally utilised.
While presenting her 2021-22 Union Budget, Finance Minister Nirmala Sitharaman had set a fiscal deficit target of 6.8 per cent of nominal gross domestic product (GDP) against the 2020-21 Revised Estimate of 9.5 per cent. The fiscal correction in the upcoming 2022-23 Union Budget is unlikely to be that steep. Even as discussions among top Budget-makers are ongoing, the fiscal deficit target for 2022-23 may likely be in the range of 6.5-6.8 per cent.
Just a few weeks ago, Communications Minister Ashwini Vaishnaw did some tough talking with the senior managers of Bharat Sanchar Nigam Ltd, the ailing state-owned telecom service provider. The message was clear: They had to perform, quit by taking the voluntary retirement package or be compulsorily retired from service. The terse message from an otherwise polite and soft-spoken minister came just days after he announced a second and bigger package of Rs 1.64 trillion as part of a four-year turnaround plan for BSNL.
The estimated cost of the metrino is Rs 50 crore per km and each pod can accommodate three to four persons, Megha Manchanda/Business Standard reports from New Delhi.
Prime Minister Narendra Modi will inaugurate the Global Entrepreneurship Summit and launch Hyderabad Metro Rail next week.
The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.
There is no change in treatment guidelines due to this mutation and the vaccines that are being developed, particularly those in the country, will not be impacted, NITI Aayog member (health) Dr V K Paul said.
'It was of no use if given early in mild and asymptomatic patients and also if administered too late'
Sugarcane dues accruing to farmers rose to almost Rs 21,321 crore as of May 2021. Of that Rs 18,820 crore is for the cane supplied in the current season, which will end in September, while the remaining Rs 2,501 crore is from previous years. Of the pending sugarcane dues of 2020-21, almost 63 per cent accrues to the poll-bound state of Uttar Pradesh. The remaining are from Maharashtra and others.
Gold is the first product for options trading that markets regulator Sebi has allowed after 14 years of commodity exchanges in the country.
'As the demand for transferable skills that can be remotely applied increases, the need for tech-based courses is on the rise/'
Ola Electric became the latest among electric scooter (e-scooter) makers to have started the exercise of recalling a specific batch of its model after a rap on the knuckles by the government. Union Minister of Road Transport & Highways Nitin Gadkari on Thursday advised electric vehicle (EV) companies to act responsibly by identifying and recalling defective batches without waiting for orders or guidelines from the ministry. The Bengaluru-based start-up is conducting pre-emptive diagnostics and health check on 1,441 scooters, it said in a statement on Sunday.
The Union Health Ministry has said in response to a Right to Information application that it does not know where records related to agenda circulated in meetings of the National Expert Group on Vaccine Administration for COVID-19 are held.
Niti Aayog's plan to create a 'New India' in less than four years should invite scepticism, argues T N Ninan.
Union Health Secretary said that priority groups have been decided who are vulnerable to mortality.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Opposition parties have alleged that the two agriculture Bills will undermine the safety net provided to the farmers by the MSP system and will lead to their exploitation by big companies.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
Speaking at the first Khan Abdul Gaffar Khan Memorial Lecture at Jamia Millia Islamia University, Amitabh Kant said, "The eastern part of India, particularly states like Bihar, UP, Chhattisgarh, Madhya Pradesh and Rajasthan, is keeping India backward, especially on social indicators. While we have improved on ease of doing business, we have remained backward on human development index. We are still 131 out of 188 countries in HDI."
India's drug regulator Drugs Controller General of India has granted permission to Mumbai-based pharmaceutical company Cipla to import Moderna's COVID-19 vaccine for restricted emergency use in the country, official sources said on Tuesday.
Modi is expected to spell out the roadmap ahead after the expiry of the 50-day period for depositing of demonetised notes on Friday.
'Transparency, privacy and security have been the core design principle of Aarogya Setu. Opening the source code to developer community signifies Government of India continuing principal to these commitments'
Under the new methodology, the base year has been changed from 2004-05 to 2011-12 and also in conformity with the international practice, the GDP is now measured at market prices.
Kerala, West Bengal and Delhi are proceeding towards a third peak.
However, that could only be for sectors where 100 per cent FDI is allowed under the automatic route and pose no risk to national security.
Fitch Ratings on Monday said the plan to privatise two state-owned banks in the current financial year ending March 2022 could face delays amid renewed challenges for the Indian banking sector due to the second wave of Covid-19. The government in the Budget announced plans to privatise two public-sector banks. NITI Aayog has been entrusted with the task of selecting the banks and one general insurance company for the privatisation.
Tech giant allowed to set up fully owned shops, with 30% local sourcing like everyone else.
NITI is trying to partner with other knowledge institutions.
Prime Minister Narendra Modi announced its imminent replacement in his Independence Day address, but the new name, structure and key personnel became known only a week ago.
"Keeping a close pace with the potential availability of vaccine, a plan of action on which sections are to be given priority has been discussed. Importantly, it would be monitored through a scientific approach," Dr Harsh Vardhan told ANI about the strategy being discussed on vaccine distribution.
Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar enabled payment.
'It is like an island of excellence'.
A new committee chaired by former Chief Economic Advisor Shankar Acharya will examine the feasibility of having a 'new financial year' to coincide with the calendar year.
'In India, we are paying a price for not managing water as we are not willing to pay the cost for it.'
According to the sources, there are limited prospects of J&J exporting its vaccine from the US to other countries in the near future and the "entire production" at the BE facilities in India, beginning July/August, will be handed over to the pharma giant under a contract between the companies.
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
'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.
One in 15 individuals aged 10 years and above were estimated to be exposed to SARS- CoV2 by August 2020, ICMR's 2nd sero-survey said.
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
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