The Congress feels there was no articulation of a bold vision of a statement of intent in the Budget, no articulation of a direction in which the economy has to go, and it lacks imagination. Renu Mittal reports.
At this point of time, the requirement of the economy is obviously more investment, which will create more jobs and increase purchasing power that will sustain a high level of production, says K M Chandrasekhar.
'Vajpayee was predictable in his ways.' 'Modi is a schemer, possessed of a shrewdness that can be rewarding in the chaotic world of politics.' 'His political journey gives reason to believe that 2019 will be another milestone in his private project,' notes Vikram Johri.
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
The country's exports are expected to contract by 5.8 per cent and imports by 11.3 per cent during the second half of the current financial year, though implementation of several measures by the government would help support exports going forward, according to the Economic Survey 2021. With gradual recovery of economic activities, the survey said that imports and exports have picked up. During the first half of 2020-21 (April-September), exports dipped by 21.31 per cent to $125.25 billion while imports declined by 40 per cent to $148.69 billion.
Survey calls for reorienting policies to promote young firms which have the potential to become big, rather than small MSME firms which remain small.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
'Businessmen like Rajiv render public service when they speak truth to power,' observes Virendra Kapoor.
Statesmanship requires that the prime minister himself reaches out to those amassed at the Singhu and Ghazipur borders. Modi should be able to win over this domestic front with sheer compassion, observes Virendra Kapoor.
'Nationalism built on divisiveness cannot strengthen the country, or help the economy improve its performance,' points out T N Ninan.
'India's manufacturing will take 10-15 years to catch up with China.'
Speaking at the RSS's annual Vijayadashami rally in Nagpur which was broadcast online and attended 50 swayamsevaks (volunteers) due to the COVID-19 guidelines, Bhagwat said when the Sangh says Hindustan is 'Hindu Rashtra', it does not have any political or power-centered concept in its mind.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Economic reforms have remained an article of faith for all the governments at the Centre in the last 18 years, irrespective of the political parties that formed them.
There is no reason for keeping an entire ministry with a total staff strength of 2,300, just for the oversight of a few aviation sector laws and regulatory bodies, notes A K Bhattacharya.
Aam Aadmi Party on Thursday promised an array of initiatives in its manifesto for the Lok Sabha polls like bringing a strong Jan Lokpal Bill, installing CCTV cameras in court rooms and bringing down the age to contest elections to 21 from 25.
The earlier perception of policy paralysis "has now changed" in the US in view of the new set of economic reforms unleashed by India.
'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
Nirmala Sitharaman's maiden Budget has not disappointed but vision and details, particularly for the revival of agriculture, are missing.
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