Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
'Which one of us would give up our flats for development?' 'We insist that others, who are unwilling but weak, make all the sacrifices on our behalf and then we are puzzled when there is violence against the State,' says Aakar Patel.
As part of the National Democratic Alliance government's media blitzkrieg to highlight achievements made during its one-year rule, three Union ministers will participate in a 'talkathon' session today during which they will answer questions posted on Twitter.
India's efforts to join the grouping suffered a setback in June when the NSG plenary decided against accepting its membership application after China and some other nations opposed entry of a non- Non-Proliferation Treaty signatory.
Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.
India's merchandise exports jumped 27.16 per cent to $30.04 billion in November on the back of good performance by sectors like petroleum products, engineering goods and electronic items, official data showed on Tuesday. The exports stood at $23.62 billion in November 2020. Imports in November were at $52.94 billion, showing an increase of 56.58 per cent over inbound shipments of $33.81 billion in the year-ago month.
Subramanian said a five per cent growth rate is "remotely not enough" for India to grow and provide the jobs for the expanding labour force.
Despite Prime Minister Narendra Modi's tall claims that no one has served nature more than India, some of the steps taken by his BJP government proves that the ground reality is exactly opposite, says Devanik Saha.
In many cases, all that is required is a final letter from the ministry
Finance Minister Arun Jaitley, along with other senior ministers, on Tuesday pitched India growth story before 21 large global investors
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
Arun Jaitley will aim for jumps in other revenue streams for the government.
Department of Economic Affairs secretary Atanu Chakraborty said that equity capital flows have been positive this year.
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
There is no direct impact of the Russia-Ukraine crisis on India in terms of bilateral trade but a surge in oil prices poses considerable risk to the economy, an analyst report said on Friday. International oil prices which have surged past $100 per barrel "pose risks to external stability and currency movement," a Bank of Baroda Economics Research report said. Russia has launched military operations against Ukraine, stoking fears of significant disruption in the region, including loss of life. The West is ramping up financial sanctions against Russia and support for Ukraine.
Senior BJP leader Arun Jaitley on Sunday said with slew of graft cases surfacing during the UPA government, corruption has taken the shape of a "small scale industry", and the upcoming Lok Sabha polls will be a fight between morality and immorality.
The Union Cabinet on Wednesday decided that 10 per cent of the government's stake in Coal India Ltd would be sold. Similarly, the sale of five per cent of its stake in ONGC and 11.4 per cent in the hydropower public-sector unit, NHPC, has been cleared.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
'The transmission sector is going to be the next sunrise industry.'
A sovereign bond float continued to be among the range of options to address the current account deficit (CAD), Finance Minister P Chidambaram said on Tuesday, even as former Finance Minister Yashwant Sinha asked him to tell Parliament the Centre would not countenance that measure.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
'Our thrust would be on basic facilities first like sanitation'.
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
In a speech, Jaitley said that while he expected to hit targeted levels for direct taxes, reaching the goal for indirect taxes would be a "challenge".
The output has seen a decline due to the ban in Karnataka and Goa.
The team also visited Tizit Police Station to meet the cross section of the society including civilians, police personnel and doctors who treated the injured for obtaining valuable information, he said.
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
The meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.
It is for the first time in the history of Independent India that not a single Muslim is part of the Union Cabinet.
A second wave of Covid driven by the Delta variant engulfed the country in May-June bringing the health system to its knees and leaving people gasping for help.
Singapore continued to be the largest source of FDI in India followed by Mauritius, the US, the Netherlands and Japan.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
The central government is devising a mechanism to step up screening imports to protect domestic manufacturers. The details of the online monitoring system may find mention in the foreign trade policy 2021-26, which will kick in next month. The online system will make the data available to the government as well as industry about the countries from where the goods are being imported, and their quantity and quality. The data can help domestic producers analyse the market potential for such goods, said a senior government official. In the past 16 months, the government had implemented a steel- and coal-import monitoring system.
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
In a tough action, the Government on Thursday barred Greenpeace India from receiving foreign funds with immediate effect by suspending its licence for six months and froze all its accounts, alleging it has "prejudicially" affected the country's public and economic interests.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
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