We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
Addressing the Congress Parliamentary Party meeting in Parliament House, she also attacked the governor of the state, Bhagat Singh Koshyari, saying he had acted in an "unprecedented and reprehensible manner".
The sector hit many roadblocks during 2014, as builders were seen shying away from the projects and investments dried up amid various regulatory, judicial and policy-related bottlenecks.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
No fund houses could muster the courage to launch equity funds during the period and the sector lost a lot of its equity assets.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
Researchers including those from Yale School of Medicine in the United States, said closing down these places of sex work may reduce projected COVID-19 death toll increase in India by 63 per cent post the easing of lockdown measures.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
'We have promised to ensure reduced tax rates.'
'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.
When the Centre collects money through cess, it can retain the entire fund for the particular scheme.
The Covid pandemic has left a question mark on how the central government manages its staff.
Latest data from the Swiss National Bank showed that money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
DLFknowingly suppressed material facts: Sebi
You filed your income tax returns for 2017-2018 and think you tax problems are over for now. But have you paid your advance tax this quarter, asks Samkit Maniar.
'The uneducated think of their rights as a gift. This is deeply troubling.' 'If they were educated they could claim what is rightfully theirs.'
Boosted by handsome royalty from oil facilities at Barmer, the Rajasthan government has spent nearly Rs 30,000 crore on various social welfare schemes in the last four-and-a-half years. Chief Minister Ashok Gehlot tells Business Standard's Mayank Mishra that the state's better performance on various socio-economic indices is a result of that. The excerpts:
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
The government's Rs 20.97 lakh crore COVID-19 package lacks in addressing the immediate concerns of the economy as the actual fiscal impact of the additional stimulus is only about 1 per cent of the GDP as opposed to the claim of 10 per cent, Fitch Solutions said on Tuesday. Prime Minister Narendra Modi on May 12 announced a stimulus package of Rs 20 lakh crore, or nearly 10 per cent of GDP, to deal with the economic fallout of COVID-19. The contents of the package were broad-based and announced in five tranches.
Money sent abroad rises sharply in July; maintenance of close relatives, education expenses top the chart
There are instances where the insurance company will not pay out claims... Beware!
In the last financial year, GDP growth was 7.3 per cent.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
The challenge of achieving fiscal deficit targets for the next two years seems daunting.
Gujarat has around 3,000 licensees for allopathic drug manufacturing, apart from around seven homeopathic licensees, 500 ayuvedic and 600-700 cosmetics licensees
Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
On February 11, 2009, Subhiksha announced that it was closing down all its 1,600 outlets till May 2009.
A key demand is to reduce the dividend distribution tax on listed firms.
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
The Budget decides to take the lead in revving up infrastructure.
The recently approved government scheme provides both liquidity and returns.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
The levy has also been removed on low cost houses up to a carpet area of 60 square metres in a housing project under any housing scheme of the state government.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
Why is the government ignoring the advice of its own Economic Survey?
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