"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.
Subramanian was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development in the US before joining the ministry.
At a time when buyers are complaining about developers not sticking to delivery schedules and delays stretching for three-four years, these technologies have come as a boon.
The Committee will 'examine the assessment orders, appellate orders and scrutiny report for the appeal to the ITAT related to orders. . . and give its recommendations for different income groups, separately for corporate and non- corporate assesses", CBDT said.
To address the supply crunch, CII has suggested leveraging the existing excess capacity in the Indian industry; rolling back import duty hike to look for alternative sources of imports; expanding credit to manufacturing units with quick loan sanctions, and one-time emergency waiver of non-performing asset regulations for three months.
Gujarat and Jharkhand are most favourably placed in terms of smaller share of public sector employees and lower liability on pension, wages and salaries.
He will be remembered not only as a writer but as one of the great chroniclers and interrogators of the history of our times, says Ambassador M K Bhadrakumar.
The report found that only 20 per cent of companies supported programmes that aimed to change the behaviour of individuals despite its critical role in eliminating open defecation.
However, flow of funds, would naturally rest on economic growth, reports Ajai Shukla.
General Bajwa gets inputs from his senior officers, but he has the final word, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Credibility of fiscal promises is a virtue that no finance minister can afford to lose.
A summary of sports events and sports persons, who made news on Wednesday
He maintained it is not 'hope' but the 'fact' of a stable government provided by UPA and the numerous measures taken in the last 18 months that have provided stability and strength to the Indian economy.
As the United States and China joust for supremacy, India might remain on the sidelines with its limited resources.
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'
Prabhu proposed an unprecedented 50% hike in investment.
It would increase economic growth for years to come.
India needs to create buffers for future economic downturns.
Total number of tax disputes in SC cross 10,000
Tamil Nadu now has India's lowest fertility rate - lower than Australia, Finland and Belgium - second best infant mortality and maternal mortality rate; records among the lowest crime rates against women and children; and has more factories and provides more industrial employment than any other Indian state.
Data shows that the PM's overseas travel bill reduced from Rs 140.14 crore to Rs 87.16 crore in the second year; data for third year is not available yet.
Diesel prices for the Railways have come down from Rs 60.08 a litre in June to Rs 50.51 a litre now.
The government on Friday lowered its economic growth forecast.
The Covid pandemic has left a question mark on how the central government manages its staff.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
It suggested reforms in the real estate sector.
It is a slight improvement over last year.
Over 900 listed firms yet to comply with new Sebi requirement due in less than 90 days
The United States, which spends billions monitoring adversaries like Al Qaeda, North Korea and Iran, pays an equal amount of attention on ally Pakistan and has ramped up surveillance of its nuclear arms, according to a report.
Ujjwala Yojana was launched on May 1, 2016 at Ballia district in Uttar Pradesh and has so far covered 47.3 million consumers in 715 districts
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
For Duflo and Banerjee, an important part of their work has been ensuring that the agency of the "beneficiaries" -- usually, in developing countries like India, poorer individuals -- is put at the centre of any policy design. This is a crucial way in which experimental results are often better than large scale data-based inference, says Mihir S Sharma.
'It is imperative to restore the dignity and authority of the services chiefs. Erosion of this has resulted in lowering of service efficiency. It is also time to end the practice of taking seniority as the sole criterion for appointing chiefs.'
No one really knows what proportion of the nation's wealth and income are available for defence
While this benefit of easing fuel cost should have been passed on to consumers through the review of FAC due this month, the Railways does not intend to revise freight and passenger fares until the next Budget to be presented in February.
'Tax cuts will have only marginal effects in the short run and significant positive effects in the medium term,' says Shankar Acharya, former chief economic adviser to the Government of India.
The I-T Department had identified 1.8 million taxpayers in its Operation Clean through data mining and asked them to submit responses about the source of their deposits.
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
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