'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.'
Prime Minister Manmohan Singh has directed Union Agriculture Minister Sharad Pawar to bring out a report on the state of Indian agriculture, to be presented to Parliament every year before the Union Budget.
The Economic Survey 2009-10 tabled in Parliament on Thursday said that ". . . This (launch of 3G technology) will provide existing operators a good opportunity as also foreign players to make an entry into the Indian market and bring in new technology and innovation."
The early tabling of the financial Budget ends a 70-year tradition.
'UBI is a tricky subject.' 'Our worry is the government could get rid of UPA's social welfare schemes targeted at the poor.'
The Railway Budget will be presented on February 25 while the Union Budget will be presented on February 29.
Divestment in India has been a painfully slow process. Will the government finally press the gas?
Presenting the Union Budget in Parliament recently, finance minister Pranab Mukherjee proposed estimated divestment proceeds of Rs 1,120 crore (Rs 11.2 billion) for 2009-10, which includes divestment in Rail India Technical and Economic Services, Cochin Shipyard Ltd, Telecommunications Consultants India Ltd, Manganese Core India Ltd, Rashtriya Ispat Nigam Ltd and Satluj Jal Vidyut Nigam Ltd.
Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms. He also said the country is well poised to meet the fiscal deficit target of 6.8 per cent of GDP. "At this stage, I can say confidently that we should be able to achieve that fiscal deficit number. "Any shortfalls that might happen on the disinvestment side will also be accompanied by positive surprises that have happened on tax revenue," he told reporters.
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 numbers are null and void now. Look, we can give out projections now, but we know that a week later those numbers will also be irrelevant. So we need to wait,' a top government official said.
The three-month long Budget session of Parliament will commence on February 23 and the general budget would be presented by Finance Minister P Chidambaram on February 28.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large frying pot) and served to the entire staff involved in the Budget making exercise of the ministry. Halwa was served while maintaining COVID protocol with all present in mask and those distributing sweets were wearing gloves.
The Survey lists some of the challenges that might impede India's progress.
It will be in Modi's interest to reinvent his party, read the writing on the wall that voters wrote, and move ahead. He has little choice now. The country is watching, asserts Ramesh Menon.
The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.
India's gross domestic product (GDP) growth slowed to 4.1 per cent in January-March 2022 period, while for the full year 2021-22 the growth stood at 8.7 per cent, according to the government data released on Tuesday. GDP at constant (2011-12) prices in Q4 2021-22 is estimated at Rs 40.78 lakh crore, as against Rs 39.18 lakh crore in Q4 2020-21, showing a growth of 4.1 per cent, as per the National Statistical Office (NSO) data. India's GDP growth has slowed for the third straight quarter.
For the first time in his political career, he failed to carry his party to even a working majority -- and again, for the first time in his career, he finds himself in a situation where he cannot rule by dictatorial fiat, points out Prem Panicker.
His interaction was webcast live on Twitter.
India has already become 7th largest economy of the world, he said, adding that it is expected to become 5th largest economy soon.
'Commentators have said that dealing with allies as equals will make Modi more sensitive.' 'Remember that the people Modi is dealing with are equally autocratic in their own lairs.' 'Further, Modi always has handy the threat of dissolving Parliament and calling for fresh polls.' 'Most of his own party, and certainly his allies and opponents having blown their budgets of efforts and resources in the just concluded elections, have no stomach for this.' 'They are all greatly looking forward to the loaves and fishes of office on offer.' 'That gives Modi an unbeatable advantage in any push-comes-to-shove situation,' explains Shreekant Sambrani.
The country has been clocking a sub-5 per cent growth for the past two financial years, mainly on account of slowdown in investments.
The government on Friday refrained from releasing the caste-based data in its first Socio Economic and Caste Census released in eight decades and maintained that it was concerned with economic data which will help in effective implementation of its programmes.
The Survey noted that while women account for almost half of India's population, their participation in labour market is almost one-third and has been declining.
Congress leader Rahul Gandhi said that the underprivileged need economic and political power and not empty words as he again called for removing the 50 per cent ceiling on quota and demanded reservations for Dalits and tribals based on their population.
The report suggested that the tariffs can be made simple and transparent.
There will be no second term for President Kovind and no elevation for Vice President Naidu.
These six people have created a political climate more difficult for business, indeed more hostile to business, than at any time since the mid-1980s.
The survey also shows a majority in favour of ousted leader Boris Johnson, with 55 per cent saying that Tory MPs were wrong to effectively force him to resign and 40 per cent saying they were right.
Why is the government ignoring the advice of its own Economic Survey?
The country's 5,000 MPs, MLAs and MLCs should resolve in this historic year to return to the people the favour they have been doing by relentlessly nurturing democracy over the last 70 years, he said.
Reflecting an improvement in economic ties with the US, the bilateral trade has increased to $48.71 billion during April-December of this fiscal, Parliament was informed on Friday.
'...it gets a survey report that they are going to lose elections.' 'The fear of losing elections will make them immediately conduct a caste census.'
The President's address to Parliament on January 31 will contain the government's report card on the state of the economy, and will be no less important than the interim Budget announcements, says A K Bhattacharya.
'The upper caste elite's belief that they are casteless is a belief that is available only to the upper castes. Because all the lower castes are reminded by society every day what their caste is.'
There are high hopes that the Budget for 2014-15 to be presented in Parliament may actually not tinker with the threshold limit or the other tax slabs but could provide reliefs by incentivising savings.
About railways sector, the Survey said that it is facing stiff competition from other modes of transportation and the government is initiating various transformative measures to keep railways on track.
As per the findings, CEOs are less optimistic about prospects this year.
