'No matter how many government schemes there are for the poor, the system works more for the privileged, less for the little guy,' notes T N Ninan.
'Congress party's strategy is two fold -- to disturb and delay.'
Prime Minister Narendra Modi, who won a landslide election victory in May largely on a promise of economic growth, is expected to speed up divestments to bolster revenue generation.
This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
The budget will empower the poor, give a boost to the farmer and an impetus to the economic growth, the PM said.
The government's top leadership was happy with Prabhu's Budget.
Addressing the party workers and people of Bihar through a virtual rally, he attacked the opposition Rashtriya Janata Dal saying the growth rate of the state was just 3.9 per cent when the party was in power, but it rose to 11.3 per cent under the NDA.
BJP on Thursday said while claiming the exercise had brought back "hope" into the economy by charting a roadmap for the country's economic resurgence.
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
The divestment department has lined up a host of companies.
The bright yellow coloured notes will hit the market just a day after the announcement by Finance Minister Arun Jaitley that the government has given a go-ahead to the RBI to issue the new currency bill.
BJP Members of Parliament from Assam, Rajen Gohain and Narayan Chandra Borkotoky, have been appointed in-charge of Mizoram and Nagaland respectively.
After Finance Minister Arun Jaitley presented his fifth straight budget in the Lok Sabha, Bharatiya Janata Party members and ministers from the Cabinet reacted positively to the Budget. Here are some of the reactions.
'No one is willing to give us a long-term assurance of funds,' says the naval chief.
'The period after the end of the Cold War has seen a more coordinated use of the Indian Navy in conformity with some of our foreign policy objectives,' says Admiral Arun Prakash.
The divestment of government holding in Bharat Petroleum Corporation and National Aluminium Company would be undertaken simultaneously in the Indian and American markets, according to Communications and Divestment Minister Arun Shourie.
'I'm prepared for any kind of Bangalore wicket' 'South African teams are known for bouncing back and their resilience. I'm expecting the boys to be very upbeat for the second Test match'
Ashok Pradhan on Monday took charge as the Minister of State for Telecommunications and Information Technology.
State-owned Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd have submitted alternate basic (landline) telephony tariff plans, pegging the rates much below the ceiling rates announced by TRAI
Referring to party's win in Assam and rise in its vote share in Kerala and West Bengal, and 'unequivocal rejection' of the Congress by voters in the recent assembly polls in five states, it said the National Executive notes with 'pleasure' that Prime Minister Narendra Modi's call for 'Congress-mukt Bharat' has today become a 'people's mission'.
The corridor is expected to attract around Rs 1,250 billion investment and create 4,00,000 jobs. It will start from Mysore, pass through Bengaluru in Karnataka, to connect with Chennai, Coimbatore, Salem and Tiruchy in Tamil Nadu.
'It is a trap, which creates a vicious circle of dependence on unreliable foreign sources.'
India's Team Director Ravi Shastri on Friday said that South Africa are still a formidable side despite the retirement of some big players recently but his side will continue their aggressive brand of cricket in the upcoming series beginning on October 2.
Railway Minister Nitish Kumar has said that negotiations are on with the telecom ministry for equity participation of MTNL and BSNL in RailTel Corp to improve telecom services in the Railways.
''No lobbyists will be able to influence us. If that happens, you can censure me for dereliction,'' he said.
"Our neighbouring country thinks such terror attacks can weaken us, but their plans will not materialise," he said at a function to flag off a new semi-high speed train from Delhi to Varanasi.
India has recorded the fastest growth in mobile telephony in the world with as many as 13 lakh cellular additions every month, Minister for Communications and IT Arun Shourie said on Friday.
His report will decide Duncan Fletcher's future as India's cricket coach and Ravi Shastri, who served as Team Director during the just-concluded limited overs series against England, has put his weight behind the under-fire Zimbabwean.
The divestment ministry would concentrate on "legal option" to resolve the divestment impasse arising out of the Supreme Court verdict on HPCL and BPCL, but would continue with residual stake sale plans in companies like CMC Ltd and VSNL.
The government on Wednesday ruled out privatisation of Indian Oil, Oil and Natural Gas Corporation and Gas Authority of India Ltd and assured all security concerns would be taken care of while divesting public sector oil
Along with the opposition, key BJP allies Shiv Sena and Samata Party also slammed Divestment Minister Arun Shourie for going ahead with the strategic sale of the equity of the two public sector oil giants.
Along with the opposition, key BJP allies Shiv Sena and Samata Party also slammed Divestment Minister Arun Shourie for going ahead with the strategic sale of the equity of the two public sector oil giants.
