The report mentioned that the government spends 2.2 per cent of the GDP on pension bill.
Under the scheme, the government proposes to provide electricity to all households by December 2018, ahead of the earlier target of March, 2019.
India's public debt decreased marginally to Rs 46,25,037 crore (Rs 46.25 trillion) at end-March 2014 from Rs 46,29,689 crore (Rs 46.29 trillion) at end December 2013.
Building a global brand was Choksi's idea, which Modi borrowed from him.
According to the report by the global financial services major, the FY2013-14 CAD is expected to be within $36 billion or 2 per cent of GDP, and this fiscal year CAD is likely to be slightly higher but contained at 2.3 per cent of GDP.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
The amount constitutes 45 per cent of the railways' total wage bill.
FM indicates adherence to fiscal road map, benign tax rates, correction in inverted duty structure
'The government has said it has kept its powder dry to fight the true battle against the debilitating influence of the pandemic.' 'The release of the shocking economic data this week should act as the fuse for using that powder now.' 'Further delays will make the battle that much harder,' notes Shreekant Sambrani.
Marriage season will end in the next two months and import growth is likely to taper off
A salaried individual needs to file returns as a business owner if s/he has a high turnover while trading in stocks or futures & options, reveals Tinesh Bhasin.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
This will, of course, go a long way in meeting the promised fiscal deficit target of 3.6 per cent of GDP in 2015-16.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
India's Anirban Lahiri got off to a flying start on his tournament-debut, firing eight birdies in a blemish-free opening round to grab a share of the lead at the PGA Tour's Career Builder Challenge in partnership with Clinton Foundation in La Quinta.
It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
Farmers have suffered a lot on account of natural calamities.
This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
It's difficult to understand if GDP growth has actually improved.
The demonetisation move will force the Modi government to battle with a policy dichotomy, says N Sathiya Moorthy.
In an online chat with readers on October 14, Anil Rego answered their credit card queries.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Arun Jaitley said he would put the DTC Bill in cold storage.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
RIL has proposed to charge the government- fixed rate for natural gas on a gross calorific value (GCV) basis, instead of net calorific value (NCV).
"According to the global financial services major, though CAD at 3.2 per cent of GDP is significantly lower than the 4.8 per cent it registered in fiscal year 2012-13 ", it still remains higher than the 2.4 per cent of GDP that we estimate as the optimal current account deficit".
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
Pandemonium over Telangana and some other issues paralysed Parliament for the fourth working day on Monday as members created uproar leading to repeated adjournments of both the Houses.
Most encouraging thing is savings and investment rates are high.
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
A glance back at some important events that occurred in 2018.
The Constitution (124th Amendment) Bill on providing 10 per cent reservation in jobs and education to the general category poor was passed by Parliament on January 9.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
Securing the GDP estimates a month in advance would be a challenge and the government should take the Central Statistics Office on board before embarking on the new schedule for Budget presentation
The origin of the challenge is the so-called "fresh start" process. Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the credit culture. So, while'Fresh start' is a welcome step as it will free up the debtors from the archaic laws of the colonial era, debtors need handholding and counselling to prevent any misuse, says Tamal Bandyopadhyay.
Officials said the government had no option but to cut spending.
The proposal for listing public general insurers had come up in 2007.
Sources close to the PM say he will not be panicked into generating short-term results at the cost of longer-term goals
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