Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
To speed up the vacation of additional 2G and 3G telecom spectrum, the government will likely make a Rs 5,000-crore (Rs 50 billion) provision in the Budget for an alternative network for defence services. The spectrum released in lieu of that would increase the availability for civilian use.
'Where is the analysis that we need to spend at least Rs 4 trillion to keep India safe?'
Slated to be in India on December 8, Carter would travel to Japan, Bahrain, Israel, Italy and Great Britain before returning to the US on December 16. This is for the first time that an outgoing American Defence Secretary has included India in his itinerary for the final overseas trip.
It would be interesting to see what the government proposes to investors.
'An economic slowdown affects a country's ability to modernise its defence capabilities as rapidly as possible.'
India is only on the starting block.
In the past decade, about Rs 45,000 crore has been returned, either because it was unused or since the government needed the money to balance its books.
Given the incredibly high stakes involved, the Comptroller and Auditor General and Central Vigilance Commission should examine relevant facts and find out if capex was overstated, Anil said, pointing that budgeted expenditure of RIL for peak production of 40 mmscmd was only Rs 12,000 crore (Rs 120 billion) in 2004.
Banning the import of platforms that are already being built in India serves little purpose.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
This is the BJP's first full-year Budget.
What some of our leaders were up to on Wednesday, March 29, 2023.
They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.
"Our armed forces represent India's diversity and the collective spirit of 130 crore Indians. Our forces are not only known for their utmost professionalism but also they are at the forefront helping people in times of crisis. Our forces are synonymous with trust," Modi said.
The statements come from a booklet published this month by the state-run People's Publishing House, in which senior officials, including President Xi, outlined the latest five-year plan for the country's development.
"I am personally averse to sealed covers. There has to be transparency in court... This is about implementing orders. What can be secret here," the CJI said.
Public-sector enterprise stocks have seen a good run thus far in 2023-24 (FY24), with the S&P BSE PSU Index surging by over 26 per cent during the period, compared to an 11 per cent increase in the benchmark S&P BSE Sensex.
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
Finance minister tries to put house in order before reforms are unveiled in February.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
India spent USD 63.9 billion on its military in 2017, an increase of 5.5 per cent compared with 2016 and of 45 per cent since 2008.
Currently women are allowed in a number of select areas including in medical, legal, educational, signals and engineering wings of the army.
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
'Those who say that conventional war is a thing of the past or that war is not an option, or that diplomacy alone can prevent war -- are wrong and we see that in Ukraine.'
China will use airpower to support Pakistan from the start of a war. China will use the opportunity to at least take Ladakh. Its growing navy will prevent India from blockading or attacking the Makran Coast. And thanks to Chinese weapons, Pakistan keeps expanding its forces, observes Ravi Rikhye.
The Budget will indicate where the Modi government stands on reforms, growth and development.
On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.
Capex for next year expected to be up 25% to Rs 3 lakh crore
Biden said over a year later Russian President Vladimir Putin has "failed and he continues to fail".
The industry's reactions to the Budget have been mixed.
Modi said not a single leader of the opposition grouping INDIA has uttered a word against the "disrespect" for women.
The Bharatiya Janata Party on Saturday released its manifesto for the November 17 Madhya Pradesh elections promising MSP for wheat at Rs 2,700 per quintal and paddy at Rs 3,100 and houses for beneficiaries of the state's flagship scheme 'Ladli Bahna'.
The government may be staring at a modest slippage in fiscal deficit for 2022-23 (FY23), with the Ministry of Finance seeking parliamentary approval for additional spending through a second and final tranche of supplementary demands for grants. On Monday, as the Budget session of Parliament resumed, Finance Minister Nirmala Sitharaman sought Parliament approval for additional gross spending of Rs 2.7 trillion in FY23 (which ends on March 31). While net cash outgo is pegged at Rs 1.48 trillion, the rest will be matched by savings or enhanced receipts, the finance ministry said.
'We want to send a notice to the BJP that Rajputs are no longer their slaves.'
