A 1978 batch IAS officer, Ranjan, who assumed office this evening, said he would try to ensure clean administration.
The BJP said this had led to disruption of growth momentum in the economy.
Finance Minister Pranab Mukherjee told the finance ministers of states that the government would focus on\ninfrastructure, agriculture and employment generating sectors to promote growth and protect jobs.
IT and IT-enabled services will be allowed to operate with essential minimum staff only while the rest would work from home.
Prime Minister Manmohan Singh on Wednesday directed fast-tracking of major infrastructure projects in Maharashtra, including building of two new airports and expansion of one.
The one-time restructuring of loans will help every firm and prevent cost-cutting measures such as lay-offs.
The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.
The Confederation of Indian Industry has pegged the requirement for investment at Rs 280 lakh crore ($4.7 trillion) for five years beginning 2014-15 to make the economy grow by seven per cent a year on an average.
Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
Policies have focused on promoting manufacturing, says minister, for income and job purposes.
The Congress-led coalition government will have to address the challenges of improving the country's infrastructure and modernise agriculture to ensure high growth of the economy
Percentage of liberalization is yet to be seen, but this for sure will open inroads for significant developments in the industry.
While reforms may translate into new opportunities for firms like ITC, Adani Wilmar and Reliance Retail, farmers are unlikely to use it for fear of upsetting commission agents.
The supplementary nutrition programme and the Poshan Abhiyaan under the Women and Child Development Ministry has been merged to launch Mission Poshan 2.0 to strengthen nutritional content, delivery, outreach, and outcome, according to the Union Budget announced on Monday.
The joint secretary also said a high-level task force to work on frontiers of science related to vaccines and drug testing was formed on Sunday.
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'The rise in unemployment, underemployment, discouraged workers and job insecurity is likely to continue, with very adverse consequences for the nation's economic well-being and social cohesion,' warns Shankar Acharya.
India said its economy grew 7.3 percent in the October-December quarter.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
Union Textiles Minister Dayanidhi Maran has hailed the Budget proposals-2010-11 presented in Parliament on Friday. The minister said that these initiative for the textiles sector as a growth spurring initiatives , which dovetail with economic revival, infrastructure development, agriculture development, inclusive growth and restoring export growth.
India, World Bank ink $375 mn deal to help develop country's first waterway
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
With a view to reduce wastage of farm produce, Finance Minister Pranab Mukherjee on Monday announced to set up 15 more mega food parks in the country.
Budget 2014 is a strong first step to slowly re-architecting and reviving our economy and transform India, says Rajeev Chandrasekhar.
For maintaining sustained demand in domestic consumption and household investment, the economy must generate enough jobs in the formal sector,says Shubhashis Gangopadhyay.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
Reaching out to the American business community, he said, virtually all spheres of Indian economy are open for participation by foreign investors and "no investors will be more welcome than investors from this great country".
80-85 per cent of about 700 major infrastructure projects within the Centre's domain have been delayed.
10 broad areas of priority" for the United Progressive Alliance government in the next five years were outlined by President Pratibha Patil in her address to the joint sitting of Parliament on Thursday
Introduced in 2015 under the Foreign Trade Policy, the mega MEIS was created out of a merger of five existing reward schemes.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
Parrikar, who is suffering from pancreatic ailment, presented a revenue surplus state budget sitting on his chair in the state assembly, with a tube inserted through his nose.
