Surplus in March, the last month of a financial year, has helped the government reduce fiscal deficit in the last few years.
'During the transition process, we have some control over the withdrawals.' 'In terms of your wealth, the money in your deposit account is where it is.'
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
Reform ideas do not occur overnight and evolve over the years.
'I would recommend every young Indian reads Shashi Tharoor's book to get a perspective of our colonial past in the present day mesmerising euphoria of the global village in spite of Donald Trump, says Shivanand Kanavi.
Bhargavi Zaveri & Radhika Pandey explains how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
The ripples from November 8 may be seen in next year's state budgets.
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
The Centre has constituted a five-member expert committee to study various alternatives available to it to decide on a new capital for Andhra Pradesh.
The Pay Commission process is symptomatic of a national crisis within the Indian state.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
Over 15 years, with seven per cent growth, the Indian economy will be three times bigger.
The Congress filed a dissent note on eight provisions.
The finance minister chided the central bank on Tuesday over its focus on fighting inflation, saying the Reserve Bank of India (RBI) also needed to abide by the government policy to promote economic growth.
Budget speeches have been replete with incomprehensible and even hilarious statements, says Rathin Roy.
Former England football captain David Beckham announced on Wednesday that he is exercising his option to become the owner of a Major League Soccer team in Miami.
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The Finance Ministry had set a time period of 18 months, which expired last year on August 21, for completion of the study.
Retired soccer star David Beckham and Major League Soccer (MLS) took a step toward fielding a new Miami team as local officials on Tuesday unanimously approved on-going efforts to find a suitable stadium location.
21st century may have witnessed expansion of higher educational institutions, but who can afford it? Sushree Panigrahi & Jeet Singh look at the numbers.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
India could gain four times over by winding up dysfunctional subsidies.
The Indian economy can grow if it is delinked from the slow growth in the West and the deceleration in China, says Ashok K Lahiri.
Watal panel had suggested an independent payments regulator be set up.
The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.
Heads of state and big-name billionaires opened the Paris climate summit with a bang on Monday.
'The experience so far is a shocking example of how critical scheme of national importance can be brought into disrepute by inefficient and badly designed implementation,' says Dr Madhav Godbole, the former Union home secretary.
The Reserve Bank of India is not a free agent. It never has been, nor should it ever be.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
Several speakers noted that Budget carried the weight of expectations.
India's rapid economic progress over the past two decades masks its abysmal performance on social indicators.
The Budget would preserve macro-economic stability.
The result of the opinion polls would allow the government to move ahead quickly to reach a deal with creditors
The prospects for strong, sustained economic reforms do not appear to be promising in India.
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