The appointments committee of the Cabinet headed by Prime Minister Narendra Modi cleared Bhalla's appointment as OSD in the ministry with immediate effect.
Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon, T N Ninan points out.
The government was exploring options to secure higher dividend payment from state-run companies.
'How do we explain that on the economic, internal security and strategic fronts, India's unstable coalitions have acted more decisively and boldly than all our full-majority governments yet?' asks Shekhar Gupta.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Overnight, the Wall Street closed on a flatter note.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
The Budget chose to stick to an ambitious disinvestment programme for 2016-17.
The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
The panel had first visited the Valley in October after which it had recommended an immediate ban on use of pellet guns by security forces.
All these measures will revitalise the manufacturing sector, which has been in doldrums.
The obvious temptation for Mr Jaitley would be to achieve a better fiscal deficit figure than what he had promised in July.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
Traditional plans are the biggest area of concern for consumers.
The RBI expects change, presumably commencing in the next Budget, but must hold its current view until this actually happens.
Chief Economic Advisor Arvind Subramanian's interview.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Saikia was charged by CBI for allegedly violating OSA.
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Sebi keen to attract larger number of retail investors
The finance minister defended the change in the tax rates.
This Budget signals a shift from a hand-out to a hand-up economy.
The Budget would preserve macro-economic stability.
The session, which will continue till August 11, is likely to discuss issues like lynching incidents and vigilantism, the Kashmir situation and the border stand-off with China.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
A cut in government spending would come at the cost of growth.
The Economic Survey states that the rationalisation and reprioritisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure more towards inclusive development.
BKS and BMS leaders have told the BJP leadership that it is staring at a build-up of anti-government propaganda in the run-up to polls in five states.
Amendments to RBI Act likely soon
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Here are 15 things that would have made 2015 a great year.
Modi govt must implement few policy measures which it announced in Budget 2015.
There are a couple of proposals, however, whose goals are not easily achievable.
'On the tax front, most of the Budget proposals are sensible'.
The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
For India, it is business as usual with the government muddling along.
Arun Shourie, a minister in the Atal Bihari Vajpayee Cabinet, has hit out at the Narendra Modi government, saying its economic policy was "directionless" while the social climate was causing "great anxiety" among the minorities.
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