Attacking the United Progressive Alliance government, Bharatiya Janata Party leader and former Finance Minister Yashwant Sinha on Wednesday said 4.9 per cent economic growth is not because of government's policies but due to good monsoon.
'Any new technology, either before or soon after its release, will face severe criticism by one or the other segment of society. It is only after seeing the benefits of new technology for themselves that our farmers accept it.' 'The arable land in India is not increasing and currently hovers at around 140, 145 million hectares.' 'Today, Indian agriculture has to work towards achieving nutritional security.'
'The Make in India target of getting manufacturing to account for 25% of GDP by 2022 is quite impossible to achieve.' 'As for the role of technology in the average Indian's life, it is still quite basic -- mobile phones and Mars successes notwithstanding,' says T N Ninan.
India on track to be third largest consumer economy by 2025.
'Prime Minister Modi's message from Tuesday's meeting with industrialists was loud and clear: stand up India, stand by start-ups, take risk and invest,' says CII chief Sumit Mazumder.
While the number of active COVID-19 cases stood at 6,039, as many as 515 people have been cured and discharged, and one had migrated, it said. The total number of cases include 71 foreign nationals.
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
While Manmohan Singh had to deal with high oil prices, inflation and trade deficit, Narendra Modi is lucky as major threats have receded, says T N Ninan.
Secretary of State Mike Pompeo said that countries like India, if it gets the exemption, would be asked to bring down their oil imports from Iran to zero in six months' time.
'Much can be done by India under the provisions of the treaty to make full use of its rights it has.' 'The impact of that will be felt downstream.'
India and Vietnam on Monday inked seven pacts, including one to enhance cooperation in the strategic oil sector, as they called for "freedom" of navigation in the South China Sea, a remark which could irk China, which has been claiming territorial sovereignty over the high seas.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
'We are allowing FDI on the terms of the investors, multinationals.' 'We bow down to whatever they say.' 'When they say you open this sector, we open that sector.'
Dozens of farmers have already committed suicide in India after damage from unseasonal rains this year.
'Part A of the Budget was like it was written by somebody from the 21st century and Part B was written by somebody from the 19th century.'
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
A raise in the I-T exemption limit has been sought by many.
Did you know that India is among the top five countries in food processing?
'Modi is the first BJP leader to try to include Dalits in its fold.' 'But the rank and file of his party is backward and want to bash up Muslims and Dalits whenever they have a chance.'
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
If the government delivers its election promises, then activity in the industry should increase.
Projecting economic recovery, ADB on Wednesday said India is likely to record 4.7 per cent growth in current fiscal which will improve to 5.7 per cent next year.
Jim Rogers, chairman of Rogers Holdings, tells Puneet Wadhwa that the US bond market that hit bottom in 1981 and has been in a bull-run since then, is coming to an end.
Modi's government plans to support domestic demand
In the last couple of months, the Prime Minister has visited Japan and the US and launched the Make in India campaign to lure foreign investments into manufacturing sector.
'Imran Khan hopes to fulfill the dreams of the founders of of Pakistan in establishing an Islamic Welfare State.' 'The grave situation of the economy makes realisation of this dream very difficult,' points out Colonel R N Ghosh Dastidar (retd).
Siddharth Tata's Purple Chilli helps vegetable farmers earn an income 365 days a year.
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
'We have to make doing business in India easier.'
Seeking to woo Muslims as well as upper castes, the Samajwadi Party on Wednesday promised quota in police and other government jobs for minority community, release of "innocent" youths jailed on terror charges and constitution of an upper caste commission in its manifesto brimming with sops.
ISB professor Krishnamurthy Subramanian tells Shobha Warrier/Rediff.com that Modi government's continuation of tax terrorism is driving away investors.
The challenge ahead for central and state governments remains enormous.
energy is India's binding supply-side constraint for inclusive growth.
That is bad news for officials taking part in discussions at the International Monetary Fund and World Bank meetings this week.
Hours ahead of his dinner with President Barack Obama, Prime Minister Narendra Modi cautioned the United States against hasty withdrawal of its troops from Afghanistan, citing the mistakes it has committed while pulling out from Iraq.
'The government must keep bad news out of the newspapers. If you have news about a fight everyday, it is not a climate where investment takes place.'
'Earlier, when they were selling tickets at Rs 1,000, a family of five could travel by flight.' 'When it comes to realistic pricing and the price becomes Rs 5,000, a family of five will have shell out Rs 25,000.' 'How many will be able to afford that?' 'You will see people switching back to train travel which is more realistic.'
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
Economist S Janakarajan, in an interview to Shobha Warrier/Rediff.com warns that without proper infrastructure, India will never be able to build a market economy.
Modi is as divorced from reality as Manmohan Singh. He might want to sound expansive and visionary, but to be credible he must have his feet on the ground and know the reality around him. Instead of delivering irrelevant homilies to small and hence poor farmers, the prime minister should be thinking in terms of creating a huge demand for alternative employment, mainly in the construction sector, and his promised hundred new cities is a capital idea, says Mohan Guruswamy.
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