A combination of timing (the Pay Commission), political compulsions (the loan waiver) and circumstances beyond the government's control (high energy prices) have contributed to a significant reversal of what was shaping up as a very healthy trend.
The venture is applying to the Reserve Bank of India for approvals.
The FRBM report, to be submitted on Tuesday, is likely to have 'excuse clauses', absolving the government of meeting its fiscal commitments under certain conditions such as war or conflict, global economic meltdowns or natural disasters.
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
Retail inflation crossed the RBI's comfort level and rose to 5.21 per cent in December on increase in prices of food items.
"The central fiscal situation has improved but several underlying fiscal pressures are not entirely evident in the numbers," Reddy said at an event organised by the National Institute of Public Finance and Policy. In 2008-09, the Centre has budgeted to cut fiscal deficit to 2.5 per cent of GDP from 3.1 per cent in 2007-08.
Now for the first time, the top team in North Block has the predominance of IAS officers.
India on Sunday hailed the outcome of the climate summit, saying the deal reached has addressed the concerns of the developing countries and given them enough space to grow and take appropriate nationally determined steps to combat global warming.
Biggest challenge is to control fiscal deficit
In the last two months, these stocks have lost nearly a quarter of their market cap.
In the last two months, these stocks have lost nearly a quarter of their market cap.
Since the inception of the code, the threat of insolvency has brought many debtors in line
Almost every serious government report on tax reforms owes some debt to Amaresh-da.
The contract is characterised by a minimum revenue guarantee and a cap on the firm's revenues.
The current salary paid by the Delhi government amounts to 17 per cent of the total expenditure.
N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report to the National Statistical Commission, explains to Abhishek Waghmare various aspects of the methodology.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
'Concerns about India's future are hampering private investment.' 'If the private sector sees strategy, teams and execution on these issues, this will inspire confidence in India.' 'This should be our main strategy for 2017,' says Ajay Shah.
This comes as IR posted its worst operating ratio (money spent to earn every Rs 100) in 16 years, at 96.9 in 2016-17.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
Forex dealers said though increased demand for the US currency from importers put pressure on the rupee but a higher opening in the domestic equity market and the dollar's rise against other currencies overseas, capped the losses.
The Goods and Services Tax will make India a competitor in Chinese-style manufacturing and employment.
Rating agency Fitch on Tuesday upgraded India's long-term foreign and local currency issuer default ratings
While buying health policies, customers should reveal any pre-existing diseases. This is the only way to ensure that the insurer does not reject claims.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
India has joined global efforts to combat global tax evasion.
'If some measures are implemented quickly, they can help revive growth.'
The bidding for four spectrum bands is scheduled to start from March 4.
In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle.
Finance Minister Arun Jaitley presented his maiden budget last week in which he vowed to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
Finance firms in these SEZs likely to get tax breaks.
After tabling the Survey, Jaitley told reporters that fiscal deficit for the current year will be 4.5 per cent which needs to go down further in the next two years.
'We need not worry about the market. If we do the right things, the market will come around,' says economist Raja Chelliah.
Do you think the new pay panel proposals will cripple India's economy? Are political compulsions overriding economic sense? Or do you think this is a fair move? Tell us.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Steep taxes on petrol and diesel add to the cost of economic activity and reduce the Indian economy's competitiveness. The two fuels must be brought under GST's purview, suggests former IAS officer Ajay Shankar.
Valuations are much higher than the consensus earnings expectations warrant and also much too high in historical terms, says Devangshu Datta.
For existing technologies, unless appropriate financing is available, deployment at scale is difficult.
Ahead of the next year's budget, finance minister P Chidambaram on Wednesday hinted at "bold reforms" and said government was "cautiously optimistic" in meeting the financial targets for 2004-05.
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