State debt is rising because revenues are disappointingly weak. Ten states have debt ratios exceeding 30 per cent. In 2023-2024, states were borrowing simply to meet day-to-day expenses, points out Debashis Basu.
'Given that the population is almost evenly split, the Indian economy cannot grow without women participating in the workforce.' 'While women's participation has increased, it is still well below 40 per cent,' says Kartik Narayan, CEO of the professional networking and jobs platform, Apna.
Bandana Preyashi, the bold IAS officer from Bihar who took on dreaded dons, is the court-appointed mentor to 18-year-old Sakshi, who had fled home to follow her IAS dream.
Left to its machinations, the BJP would have loved to cut Nitish down to size, but it can't afford to do so as the JD-U is in alliance with the BJP at the Centre, and cannot form a government on its own in Bihar. For now, both need each other: Nitish for legitimacy, the BJP for numbers, points out Ramesh Menon.
If the threat from the 'Maovadis' (Maoists) is fading, the danger now lies with the 'MoUvadis' -- those who might exploit the resource-rich Abujhmad region through corporate or State-backed projects.
The party has charged Lalu with being involved in forestalling a vigilance probe into a scam in the purchase and supply of blankets worth about Rs 40 crore for below poverty line families in Bihar in the winter of 2002-2003.
'When India opened its doors to the world, moving away from an agrarian to a market economy, everything, whether life or love, was commodified.'
Granting SCS to the state has been a long-pending demand of the JD-U supremo and Bihar chief minister Nitish Kumar, whose Bihar cabinet had even passed a resolution last year requesting the Centre to grant SCS to the state.
In a first for a major corporate house, engineering, procurement and construction major Larsen and Toubro on Thursday announced a one-day paid menstrual leave for women employees. The move will benefit about 5,000 women employees at the Mumbai-headquartered company.
There are challenges galore before him, and it is not going to be easy. In the next four years, he has to conjure a system that changes the optics about him and the BJP both nationally and internationally so that he can ride back on his own, claim the top slot, and not have to lean on a coalition, asserts Ramesh Menon as Modi 3.0 completes a year in power.
With its age-old fascination for education, southern states have done better than the North. Start-ups, IT hubs, and industry majors setting up shop have changed the face of the South. Nearly 79% of global offices set up by international conglomerates in India are in the South. Almost 46% of tech unicorns are from the South. The GDP per person in the South is 4.2 times higher than the North. None of these indicators can be ignored by any central government, whatever the political compulsions, notes Ramesh Menon.
This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.
Earlier, The Nitish Kumar government had banned sale and consumption of country and spiced liquor in rural areas from April 1 this year, but had allowed sale of foreign liquor in towns and cities.
Four big global companies - Bayer, GenZero (a wholly-owned arm of financial major Temasek), Shell and Mitsubishi - have decided to scale up their carbon credit programme in nine states to empower farmers. The credits are generated through the adoption of smart agriculture practices - Alternate Wetting and Drying (AWD) and Direct Seeded Rice (DSR). Since over a year, the project, which was being run on a pilot basis, has positively impacted 10,000 farmers, covering more than 25,000 hectares.
'If such a practice were feasible, every state would seek additional funds, posing a significant risk to the overall health of the economy.'
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
Voters, it is said, get the government they deserve. We will soon see what voters in Maharashtra choose. Till then, a sense of helplessness and scepticism hangs in the air, notes Ramesh Menon.
The new TDP government will have to mop up over Rs 10,000 crore to fulfill the financial requirements for July, a retired senior bureaucrat said.
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Gujarat and Karnataka have been ranked as the best performers in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade (DPIIT). Among smaller states having population of less than one crore, Meghalaya has been adjudged as the best performer. The rankings are based on the initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.
Bihar chief minister Nitish Kumar on Thursday reiterated that his government is committed to enforce liquor ban or prohibition in the state. M I Khan/ Rediff.com report from Patna.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
The decision is expected to provide a push for their development in healthcare, cultural identity, education, financial matters, skill development and women empowerment among others, the Chief Minister's Office said in a statement.
While its performance in Bihar, has boosted fund collections, corporate contributors are still waiting to see its performances in Assam, Kerala, Tamil Nadu and West Bengal before committing funds to the Congress.
The Comptroller and Auditor General detected financial irregularities of over Rs 10,000 crore in Bihar government departments during the financial year 2012-13.
'There is no scope for any doubt. This was a scheme designed to enrich the ruling party.'
The country's per capita income is likely to grow by close to 70 per cent to $4,000 by fiscal 2030 from $2,450 in fiscal 2023, helping it become a middle-income economy with $6-trillion GDP, more than half of which will be coming in from household consumption, says a research report. Per capita income/GDP has risen from $460 in fiscal 2001 to $1,413 in fiscal 2011 and further to $2,150 in fiscal 2021. The biggest growth driver will be external trade which may nearly double to $2.1 trillion by 2030 from $1.2 trillion in fiscal 2023 when the GDP printed in at $3.5 trillion, Standard Chartered Bank said in a weekend report which assumes a 10 per cent nominal GDP growth annually from now on.
South leads; North-East at bottom but moves ahead, finds out the IndiaSpend Team
To help the country emerge as a true welfare State, political parties must put the country's interests first before strategising to win elections and short-term goals, argues Ramesh Menon.
The Left parties said they have come together to provide an option to the public to provide "people's rule" in the true sense.
He told PTI in an interview that parties that are still thinking of 'being the leader' of a possible united front against the Bharatiya Janata Party in the 2024 Lok Sabha polls have not understood the gravity of the situation at all.
Goa, Uttarakhand and Meghalaya will initiate schemes to enable 24x7 power to consumers.
High loan-to-value and high-yield buckets have reported higher delinquencies
It may sound bizarre, but incidents of public sector bankers dying by suicide could probably equal the number of such bankers quitting their jobs, reveals Tamal Bandyopadhyay.
Modi also lauded party workers in the state, saying each of them is a champion
The ripples from November 8 may be seen in next year's state budgets.
'In end-December 2015, Nifty would end at 8,600 and Sensex at 28,000.'
Elections in Gujarat, Himachal Pradesh, Karnataka, Chhattisgarh, Madhya Pradesh and Rajasthan will see the BJP and Congress in direct contest.
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