The Planning Commission's latest poverty estimates, based on the 2011-12 consumption expenditure survey, shows that across India, the number of people living below the poverty line declined by more than 15 percentage points -- from 2004-05 to 2011-12 and from 37 per cent to 21.9 per cent.
Saurabh Patel, energy minister, Gujarat, who has handled the energy portfolio since 2002, speaks to Archis Mohan on GPSC's investment in the KG basin and says the criticism is politically motivated.
As per the proposal, the banking sector deposits which have not been claimed for 10 years or more will be transfered to 'Depositor Education and Awareness Fund Scheme'.
The expert panel has suggested that there would be two components of rehabilitation plan -- physical and biological, and they would cost Rs 28.73 crore and Rs l3.29 crore respectively, besides additional ancillary expenses.
It should be noted that the CPC allocation is provisional.
The salary hike for government employees is likely to put an additional burden of Rs 24,000 crore on the state excheque.
To a specific question on the change in RBI's stance from "neutral" to "accommodative", Das said it means that there will not be any rate hike from here on.
Reliance Industries and its partner BP Plc on Thursday won approval to invest $3.18 billion in R-Series gas field in the flagging KG-D6 block.
The world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, the International Monetary Fund said on Friday, but projected a recovery next year. "We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021," IMF Managing Director Kristalina Georgieva told reporters at a news conference.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
India will set up a high-level committee to identify areas for expanding economic ties with the United States, from where it expects an estimated investment of $250-300 billion in infrastructure space.
For the first time, the value of card and mobile payments of Rs 10.57 trillion was more than ATM withdrawals of Rs 9.12 trillion in Q4 of fiscal 2019-20. In the months of lockdown, the gap may have widened further, but cash could be back in vogue when the situation normalises.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
As he projected a grim outlook for the economy, RBI Governor said that amidst this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7 per cent in foodgrains production to a new record.
'There will be more than three to four lakh tractors and farmers, four to five times that number, displaying their resolve in front of a deaf, mute and a government blind to their plight.'
Foodgrain production in current is fiscal is likely to fall by at least 10%, if not more. It may be better to be realistic in our estimates than give unrealistic positive spin to these figures, says Himanshu Thakkar.
In the retail markets, fresh onion is sold between Rs 10 and Rs 12 a kg. Now, farmers have to sell onion at a loss of Rs 2-3 per kg if transport cost is included.
The final policy may be out only after formation of the new government, according to sources
The Indian economy appears to have slowed down in 2018-19 due to lower private consumption, tepid growth in fixed investment and muted exports, a finance ministry report has said.
The 8,965 officials include an estimate for an extra 760 sanctioned personnel in the Indian Revenue Service. Apart from this, the department would have to create 42 posts of principal chief commissioner of Income Tax (Principal CCITs), 74 CCITs, 116 Senior CCITs and Deputy CITs. "This would have to been done through simultaneous abolition of posts in other grades," said the report.
Modi urged the country to show patience during the vaccination drive as it had shown till now in fighting the pandemic.
Lingayats and Veerashaiva Lingayats are those who believed in the philosphy of Basaveshwara, 12th century social reformer
'The roadmap ahead seems very difficult especially in the rural areas where there is very poor infrastructure, vaccine reach and hesitancy.' 'These are a deadly cocktail for the next wave.'
The Committee on Public Undertakings (COPU) of Parliament has summoned the telecom secretary R Chandrasekhar on Tuesday to estimate the loss suffered by public sector undertakings BSNL and MTNL in the 2G and 3G spectrum allocations.
Work is also progressing on 17 strategic highway-cum-airstrips, three of which have been completed, he said. Besides, work is on in full swing on the Rs 12,000 crore ambitious Chardham project for providing all-weather connectivity to Gangotri, Kedarnath, Yamunotri and Badrinath.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
There has been a growth of 17.8 million in urban slum population of India in the last decade, according to a government committee formed to create a 'reliable statistical model' of enumerating people living in such areas.
The US is not going to be able to mount a concerted 'Western strategy' against China or Russia in the present international milieu, predicts Ambassador M K Bhadrakumar.
The previous high GDP growth of 8.1 per cent was recorded in April-June quarter of 2016-17.
The empowered committee of state finance ministers has virtually trashed the Thirteenth Finance Commission taskforce's Goods and Services Tax report.
How China's all powerful Communist party bungled the response to the coronavirus crisis.
Vegetable arrivals at mandis, especially in Maharashtra, have declined by more than 50 per cent since the beginning of the month.
The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.
The Congress party's real estate bank has been receiving complaints from state units, and Priyanka Gandhi's first formal responsibility maybe to address these woes.
Normally, kharif sowing of vegetable seeds starts during the first week of May across the country. Farmers start preparing their fields to make them suitable for kharif sowing during the second fortnight of April. Now, however, faced with the lockdown, farmers are in a hurry to clear their fields of rabi crop and prepare for kharif planting. With a normal monsoon forecast this year, they are doing all they can to take advantage of pre-monsoon showers.
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.
Tokyo would be an inspirational choice to host the 2020 Olympic Games, Prime Minister Shinzo Abe told Olympic officials on Monday, with Japan keen to showcase its recovery from a devastating 2011 earthquake and tsunami.
'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'
The Akhil Bharatiya Vanavasi Kalyan Ashram organisation, which works for the welfare of 10 crore Scheduled Tribes in the country, in its national executive committee at Howrah took a resolution to address the issue of bonded labour in India.
But it may come with a downside risk of further rise in prices of several products.
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