The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
'I have serious doubts about the longevity of the NDA government and the longevity of the 18th Lok Sabha itself.'
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.
The Congress on Sunday hit back at Prime Minister Narendra Modi over his 'redistribution of wealth' remarks targeting the party, saying after facing 'disappointment' in the first phase of Lok Sabha polls, the PM has now resorted to 'lies' and 'hate speech' to divert people from the real issues.
The 'aura of invincibility' around Prime Minister Narendra Modi has been 'shattered' by the Indian voters who gave the Opposition a new lease on life, this is how the international media described the outcome of India's general elections.
The delegation visiting India during September 5-8 will be led by assistant secretary of state for South and Central Asian affairs Donald Lu.
'Once elected, you have to act like people's representative for the full five years or else people show you your place.'
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.
"On Friday night, four government officers, including an SDM, came and offered me a house in Dilshad Garden but I refused to accept it as they wanted me to shift on a temporary basis," Hassan said.
While addressing a rally at Alipurduar, Banerjee accused the Election Commission of removing the deputy inspector general of police of Murshidabad at the behest of the BJP.
There is a view that heavyweight portfolios like home, finance, defence and external affairs besides education and culture, two ministries with strong ideological hues, will be kept by the BJP, while its allies can get anywhere between five to eight cabinet berths.
7 states account for over 80 per cent of the total direct tax collections by the Union government.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
Finance Minister Nirmala Sitharaman on Tuesday, April 11, 2023, met with US Treasury Secretary Janet Yellen in Washington, DC.
'I hope that Macho Man agrees to debate her, because I think she will do spectacularly well in the debate.'
Apart from the human body, human food will bear direct repercussions. From staples such as wheat, to coffee, dairy, and even the great Hilsa face the threat of reduced supply due to the extreme heat.
To take the 'Idea to Enterprise' journey, you need to be open about your idea and articulate it to potential customers, existing entrepreneurs, experts in your industry and well-wishers.
The Centre has appointed senior IAS officers Vumlunmang Vualnam and Neeraj Mittal as new secretaries in the ministry of civil aviation and the department of telecommunications respectively in a major secretary-level bureaucratic reshuffle, a government order stated.
The government on Tuesday introduced in Parliament three redrafted bills to replace the existing criminal laws by including various recommendations made by a parliamentary panel.
Avesh or Chahal? Whose bowling impressed you most?
In a step towards diversifying its resource base and securing green energy minerals, India is poised to launch its first-ever offshore mineral auction in the first quarter of 2024, announced Union Minister of Mines Pralhad Joshi during the launch event of the National Geoscience Data Repository portal. The government plans to hold auctions in March, offering 10-15 blocks for bidding. Meanwhile, the ministry of mines is currently developing rules and regulations for offshore mining.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
Our income tax department should bring out monthly bulletin as well as annual reports providing insights into the nature of our direct tax segments, points out R Vaidyanathan.
Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.
'We now look at divestment as an opportunity for maximising the value of public assets, not necessarily as a short-term resource-raising measure.'
Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.
The government on Friday appointed noted economist Arvind Virmani as the new chief economic advisor in finance ministry.
Jadeja, Deshpande, Fizz were CSK's stars on Monday.
"What we have been able to gather is that Newsclick stands accused of offences under the Unlawful Activities Prevention Act (UAPA), for purportedly carrying Chinese propaganda on its website. All devices, laptops, gadgets, phones, etc have been seized in the past. All emails and communications have been analysed under the microscope," the statement by NewsClick read.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
As many as 720 roads, including four national highways, in Himachal Pradesh are blocked following snow while 2,243 transformers are disrupted.
Who do you think was the best batters of the KKR-SRH game?
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
Images from the IPL match between Chennai Super Kings and Rajasthan Royals in Chennai on Sunday.
A substantial number of castes and groups are already placed in the reserved category, getting about 52 per cent of reservations altogether. It would be completely inequitable to place the Maratha community in the Other Backward Class (OBC) category, it said.
The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.
Iqbal wrote songs supporting the 'Muslim League' and the 'Pakistan Movement'. He was the first to raise the idea of the partition of India and the establishment of Pakistan, the VS said.
