India's state-level fiscal rules have improved headline deficits, but the gains are fragile and uneven with major states still grappling with high debt levels, a World Bank report submitted to the 16th Finance Commission (FC) said. According to the report, despite nearly two decades of adoption of fiscal responsibility laws (FRLs), debt levels have not converged.
The Central Information Commission (CIC) attains its full strength after nine years with the appointment of Raj Kumar Goyal as chief and eight other information commissioners.
CSS Software India plans to hire over 500 professionals, specifically in ERP, Net and Java space over the next 12 months for its India IT services business to take the headcount to 650 from the current 150 employees, a company release said.
Finance ministers of states demanded an increase in allocation under 50-year interest-free loan scheme, while fiscally stressed states like Punjab and Kerala pitched for a special package and borrowing flexibility, sources said on Friday. In a pre-budget meeting with Union Finance Minister Nirmala Sitharaman, states have also urged for higher borrowing limits to support fiscal activities, besides additional funds for Jal Jeevan Mission.
'... that it once again shies away from renewing its commitment to strategic divestment,' points out A K Bhattacharya.
The Indian government has announced staggered working hours for its employees in Delhi due to the severe air pollution in the city. The move comes after a week of 'severe' pollution levels, which have slightly improved but are still in the 'very poor' zone. The order also encourages employees to pool vehicles and use public transport to minimize vehicular pollution.
Union Cabinet on Thursday approved two major schemes -- PM Rashtriya Krishi Vikas Yojana and Krishonnati Yojana -- with an expenditure of over Rs 1 lakh crore to promote sustainable agriculture and ensure food security.
Union finance secretary T V Somanathan recently said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre's borrowing for now and it can be considered a short-term saving for the exchequer.
China on Tuesday alleged that US billionaire Elon Musk-owned SpaceX's satellites had two 'close encounters' with its space station in orbit, and has complained to the United Nations about the incidents which endangered the safety of the Chinese astronauts.
The demand for extension of the GST cess regime among others was made by several state finance ministers at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman in New Delhi. Besides, many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes (CSS). Currently, the central government and state government share in some CSS is 60:40 while in others it is 75:25.
The development assumes significance as Prime Minister Narendra Modi had last month announced 10 lakh government recruitments in the next 1.5 years.
'It is just an excuse to say that the Centre has run out of money.' 'Pruning these schemes would mean hard time for the people of India.'
'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'
The Royal Observatory Greenwich shortlisted 34 images for its Astronomy Photographer Of The Year 2023 competition from thousands of entries received from all over the world.
The number of centrally sponsored schemes have increased to 35 in FY22 from 30 in FY21 and central sector schemes have increased to 704 from 685 in the previous year, reports Dilasha Seth.
Sources in the Delhi government said the ministry of home affairs has stopped the Kejriwal government's budget and it will not be tabled in the assembly on Tuesday.
The SpyLite aerial system will help our soldiers in border flashpoints like Doklam and in encounters with terrorists in Kashmir.
The California Superbike School, which has trained many MotoGP and WSBK champions in various countries, will train Indian riders now.
Nirmala Sitharaman has designed the revenue mix in such a way that while Centre's share in taxes would grow a massive 25 per cent, states' share would grow a dismal 6 per cent.
The government has decided to give preference to open source software.
RCB skipper Virat Kohli will join the squad on Thursday.
The cloud market in India is expected to grow by 26% by the end of 2022.
Besides him, Brajendra Navnit who served in the Prime Minister's Office (PMO) has been appointed as Ambassador and Permanent Representative of India to the World Trade Organisation (WTO), Geneva, Switzerland. Topno is a 1996 batch Indian Administrative Service officer of Gujarat cadre.
RCB batsman AB de Villiers can still sense the momentum which his side gained in the 13th edition of the IPL in UAE.
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
Switching to these roles may help you advance in your career, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
The demand for full-stack developers in India have seen a 20% increase in the last one year.
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Tata Power sets up camps to explain the benefits of switchover for low-end consumers from their current supplier.
Mandaviya said this is the second phase of the Emergency Response and Health System Preparedness Package as the Central government had given Rs 15,000 crore earlier for setting up Covid-dedicated hospitals and health centres across the country.
India's defence establishment is taking the new Chinese threat seriously, as also that posed by Pakistan's nuclear-tipped MRBMs -- like the Ghauri-2 and the Shaheen-2 -- which can strike targets 2300 kilometres away.
Tiger Ramesh, CEO of CSS Corp, talks about his life as a serial entrepreneur, how he progressed in his long career, his success mantras, dos and don'ts for start-ups, why he sold out of his wildlife resorts venture and why he chose to head CSS instead of joining one of the top three Indian IT behemoths at senior management level.
Professionals with sharp technical skills and knowledge of emerging markets will continue to be in demand, says Nikhil Barshikar, founder and CEO of Imarticus Learning, a tech learning and training company.
Poor predictability, credibility and effectiveness of fiscal performance have been key reasons for successive governments failing to deliver on their promises.
The move comes close on the release of a report by Pentagon, which suggested that China has moved its new advanced longer range CSS-5 missiles close to its border with India and developed contingency plans to shift airborne forces to the region at short notice.
In-depth understanding of various concepts and programming languages is what employers are looking for, says Sarvesh Agrawal.
Outsourcing needs trained professionals who can think like American mangers and correspond with customers. It takes years to develop these skills, says SlashSupport CEO Shiva Ramani.
There is a 20 per cent growth in demand for 'full stack developers' in India.
'If you look at the successful and failed start ups, you will find a significantly high percentage of Indians involved'
There will be a huge market for healthcare professionals, data and security experts and digital marketers, says Navneet Singh, founder, Avsar HR Services.
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