'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'
Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy. The fear of less than optimal rainfall due to El Nino this year, analysts believe, is the biggest short-term risk for the markets, which they said has not been fully priced in yet by them. Monsoon set over Kerala on June 08, a week later than its scheduled date.
The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.
A lesson we have not learnt from China is the urgent need to knit the vast country together to keep it from falling apart at the seams. While there is considerable dent in poverty, sadly, the North East remains as distant today as it always was, points out Shreekant Sambrani.
Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.
Some of the sacked employees have already been booked under the Public Safety Act, while others have evaded arrest.
The finance ministry is working on a second relief package for the Indian economy hit hard by the coronavirus outbreak and the 21-day nationwide lockdown imposed to curb the contagion, sources said. Last month, the government announced a Rs 1.70 lakh crore relief package in the form of foodgrains and cash transfers for the poor and vulnerable section of the society to help them deal with the hardships caused by the lockdown. Now, the government is working on a stimulus to be given to hard-hit sectors of the economy after the lockdown is lifted, sources said, adding that an announcement is expected in the next few days depending on the severity of the pandemic.
Punjab Chief Minister Charanjit Singh Channi on Tuesday allocated portfolios to the new ministers, keeping 14 departments with himself and giving home affairs to deputy chief minister Sukhjinder Singh Randhawa and health to other deputy O P Soni.
Coal Secretary Anil Swarup has been appointed as school education secretary.
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.
China's population in 2022 -- 1.4118 billion -- fell by 850,000 from 2021, the National Bureau of Statistics (NBS) said.
Senior Trinamool Congress leader Subrata Mukherjee died while being treated for cardiac ailments at a state-run hospital in Kolkata on Thursday, West Bengal Chief Minister Mamata Banerjee said.
The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.
Portfolio sharing had turned out to be a thorny issue between the Congress and JD-S and was thrashed out after much haggling, with both parties announcing an agreement on June one.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
The total direct tax collection stands at a little over Rs 9 trillion, giving the taxman just few days to reach the 2018-19 revised target of Rs 12 trillion., reports Shrimi Choudhary.
The Congress has conceded the plum Finance portfolio to its junior partner, resolving a thorny issue, after its president Rahul Gandhi intervened and spoke to Kumaraswamy.
Veteran legislator Kodela Sivaprasada Rao has been unanimously elected as the first Speaker of the Legislative Assembly of Andhra Pradesh post bifurcation of the state.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
The Central Bureau of Investigation on Thursday assured the Delhi high court it will not arrest Bihar Deputy Chief Minister Tejashwi Yadav this month, after which the politician agreed he will appear before the probe agency on March 25 for questioning in connection with a case related to the alleged land-for-jobs scam.
A state-of-the-art memorial ground will also be constructed in his honour.
Due to globalisation, growing economy, aging population and changing lifestyle, India will face a tsunami of chronic diseases such as cancer.
Arvind Kejriwal will monitor the work of various departments. Adarsh Shastri might also aid Kejriwal in this task. Somesh Jha reports
Since much of the voting was on religious lines, Mamata's rural focus became irrelevant.
The ministry of health and family welfare spent Rs 3,948 crore in May this year compared to Rs 7,816 crore in the corresponding month of the previous year. On the other hand, at Rs 12,930 crore, the expenditure had risen almost 200 per cent in April against Rs 4,327 crore in the corresponding month of 2019-20.
The PM is keen to fill 40 per cent of joint secretary level openings with outsiders.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
Need for consent of affected families and social-impact assessment could go.
Right now the challenge before the government is to double the speed of construction in order to complete the remaining 6.6 million houses before March 2019.
When the votes get counted for the assembly elections in Gujarat and Himachal Pradesh, the ruling Bharatiya Janata Party will be hoping to set a few new records.
The Ministry of Information and Broadcasting runs various awareness programmes for the citizens leveraging the Internet and the social media.
'Similarly, he is against Dalits forgetting that the only way to get rid of poverty is to empower poor people.'
Major portfolios like home, finance and education were on Tuesday allocated to People's Democratic Party ministers by Jammu and Kashmir Chief Minister Mufti Mohammed Sayeed who will himself hold the charge of home ministry.
Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.
BJP hints at implementing Modi's model of minimum government maximum governance in Maharashtra
Supporting the food security ordinance, Bihar Chief Minister Nitish Kumar said his government is taking steps for its implementation but felt bringing it after discussion in Parliament would have been a better option.
Days after Jammu and Kashmir high court banned sale of beef, the state government has shunted out Additional Advocate General Vishal Sharma apparently for "failing to defend" its stand on the matter before the court.
Away from limelight, Jeevika Didis are silently fighting the coronavirus in rural Bihar.
The state government has started advising farmers to adopt 'cosmic farming' in which they need to chant 'Vedic mantra' for 20 days in the farm for better quality and quantity of their crop.
Delhi Chief Minister Arvind Kejriwal will meet his six-member cabinet at 1pm on Monday as the new Aam Aadmi Party gets down to work.
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