With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Finance ministry asks bank, insurance & market regulators to issue notifications
The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
Govt looking for common ground on GST; hopes to pass it soon.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
Declining crude price translates into lower under-recoveries for OMCs
NDA's energy plan powered UP win, but it's not a winner yet. Centre has claimed to have saved money by targeted coverage but critics say the system is not yet foolproof.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
The Indian basket represents the price of Oman and Dubai sour grade crude.
A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
The BJP also announced a Rs 5 meal scheme for all, named after religious guru Anukul Chandra, and setting up of a Regional Institute of Medical Sciences hospital in Agartala.
Mamata Banerjee accused Modi of trying to mislead the people with half-truth and distorted facts.
'Economic issues do not matter during elections; it is the emotional connect that helps swing votes.'
Sleep has been a casualty for Vijay Shekhar Sharma, whose wallet company Paytm has a user base of close to 150 million and is working 20 hours a day.
Venkaiah Naidu said Aadhaar will not be made mandatory till the entire population gets such cards or UID numbers.
Mr Modi must now work to win over the governor as a friend and learn to influence people credibly.
The amended bill also provides for a stiff Rs 1 crore penalty and a jail term for private entities for storing Aadhaar data.
Economic growth in the last two years has stayed above seven per cent.
The immediate need is to put more money in the hands of agriculture-based and rural households to improve their purchasing power, says S Mahendra Dev.
Vijay Mallya, who faces prosecution in India, is reportedly in London.
The Budget decides to take the lead in revving up infrastructure.
Apart from Bihar, Chhattisgarh and Jharkhand, where none of the estimated 6.7 million construction workers got cash transfer benefits, the coverage of the construction workers was the lowest in Delhi, where only about 5 per cent of the estimated workers received cash under the PMGKY, followed by Kerala and Uttar Pradesh (22 per cent), among major states. In India, construction workers belong to the unorganised sector but account for the highest share of non-farm jobs after manufacturing.
BJP leaders, from Union ministers to its MPs, MLAs, all elected representatives besides organisational members, will fan out across the country to attend the programme and speak to farmers as well.
The relaxation would be available only to those beneficiaries who have been credited with the advance for buying the cylinder but have not been able to purchase the refill.
With UPA facing allegations of corruption, Prime Minister Manmohan Singh on Saturday said his government wants to use new technology to curb dishonesty and bring transparency in governance.
The government has also hiked excise duty by 11 percent, which is in addition to the 6 per cent that was announced in the budget, he said.
Experts say improper records could lead to large-scale leakages and pilferage and benefits going to ineligible people.
The experience of direct cash transfer under PM-Kisan will be useful in designing a larger scheme of DBT for farmers combining all subsidies and support for the agriculture sector in the future, say Ramesh Chand & SK Srivastava.
'This updated NPR database along with Aadhaar Number would become the mother database and can be used by various government departments...' the home ministry declared in July 2015. 'UID/Aadhaar has been used as a fish bait to ensnare and entrap present and future generations of citizens,' warns Gopal Krishna.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
Most informal enterprises in slums employ local residents, generating benefits for the local economy.
"For the next 25 years we need to focus on the five resolves - developed India, removing every trace of bondage from our mind, taking pride in our glorious heritage, unity, and fulfilling our duties," he said.
Given that the target was to reach 80.34 million families under PMUY - within three months starting April 1 - the government should have distributed at least 241.02 million cylinders by the end of June. It actually ended up distributing only 119.7 million cylinders.
India on Thursday sought strengthening of SAARC monitoring desks on terrorism and drugs, underlining that illicit funds generated from narcotics and fake currency networks are being fed into supporting terror activities
It also issued notices to the four people who had originally moved the high court against the execution of the MoU on various grounds including that the settlement breached Article 3 of the Constitution.
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