The outgo towards salary will further rise in 2017-18 to over Rs 1.28 lakh crore.
FM should avoid proposals such as to tax financial transactions and fringe benefits
The dairy major is transforming into a full-fledged F&B and fast moving consumer goods (FMCG) player, reports Vinay Umarji.
'For the common man, the economic conditions are not going to get better.'
As the MPC is mandated to target CPI inflation rate at 4 plus minus 2 per cent, any measurement error in CPI is likely to have grave consequences for monetary policy.
Besides advancing the presentation of the Budget to perhaps the first week of January, , there are four new initiatives that could be rolled out from the next Budget, says A K Bhattacharya.
Calling the political condition prevailing in West Bengal "horrible and frightening", Governor Jagdeep Dhankhar alleged on Tuesday that the people of the state do not have the freedom to exercise their franchise fearlessly.
Delhi Election Commission on Friday directed all mobile service providers to stop "political" bulk SMS services 48 hours before the assembly election to ensure that parties do not influence voters during this period.
Every option before the finance minister comes with a price tag, observes T N Ninan.
The BJP government in the state violated the Indian Government Accounting Standard.
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
The new pay scale will come into effect from January 1.
While we seem to want soldiers on short-term engagement, warfare itself is getting more technical and needs skilled manpower. The world has seen the dismal performance of armies that rely on short tour of duty soldiers or have outsourced war to 'contractors' in Afghanistan and now in Ukraine, points out Colonel Anil A Athale (retd).
Complaints were received by the Commission on possibilities of inducement of electors by distributing cash and gifts in innovative forms like tokens, prepaid phone recharge coupons, newspaper subscription, milk tokens.
Replying to a question related to the possibility of additional fiscal stimulus measures in the forthcoming Budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia said: "We have started some discussion with the finance ministry. This is related to what should be an appropriate size for planned expenditure for 2009-10." In the interim Budget announced in February this year, the planned expenditure for 2009-10 was budgeted at Rs 2,85,149 crore.
Simultaneous elections to Lok Sabha and state assemblies can help reduce difficulties in terms of expenditure and management, President Pranab Mukherjee said on Wednesday and asked the Election Commission to take the initiative in bringing political parties on one platform to discuss the issue.
Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries
'The Budget numbers presented severely underestimate the magnitude of the unstated fiscal crisis that we went through in 2018-2019, which cannot be conceivably be fully reversed in 2019-2020,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
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.
Analysing the election expenditure incurred by various national parties during the six-state assembly elections in 2008 throws up some interesting facts.
The Election Commission has deployed 36 observers for monitoring the flow of illegal cash and other inducements during the upcoming assembly polls in Meghalaya, Nagaland and Tripura. The officials have been deputed by the Central Board of Direct Taxes (Income Tax department) and Central Board of Excise and Customs (Customs and Excise department) and will act as Election Expenditure Observers, a senior Revenue department official said.
In his address after more than 75,000 people were given appointment letters for various government jobs in the first tranche, Modi acknowledged the challenges facing the economy the world over with many countries hit by a record inflation and unemployment and said India is making every effort to come out of the situation unscathed.
The Planning Commission on Monday said the fiscal deficit, the difference between total revenue and expenditure, will not exceed the budgetary estimate of 6.8 per cent of gross domestic product (GDP).
The Reserve Bank of India (RBI) booked massive gains on its foreign currency sales and needed to provide much lesser for its reserves in 2020-21 (FY21), helping it to carve out a significant Rs 99,122-crore dividend for the government, revealed the RBI's annual report for FY21. By doing so, the central bank's risk buffers have reduced to the bare minimum, which may restrict some of RBI's scale of operations, and would likely hamper dividend payout for financial year 2021-22, said analysts. The annual accounts are for nine months ended March 31, 2021 since the RBI changed its accounting year from July-June to April-March from FY21.
The Budget would preserve macro-economic stability.
The Supreme Court on Friday dismissed a plea seeking stay on further sale of electoral bonds ahead of assembly elections.
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The number of poor in the country declined to 27 crore (270 million) in 2011-12, from 40.74 crore in 2004-05, Minister of State for Planning and Parliamentary Affairs Rajeev Shukla said on Wednesday.
The Election Commission on Monday agreed before the Supreme Court to amend its blanket order for seizing cash amount above Rs 2.5 lakh in transit during the Gujarat assembly elections.
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
There has been no discussion so far on cutting Plan expenditure, the Planning Commission said on Thursday even as it asked states to maintain fiscal discipline.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
'The CEA suggested that could be as high as 19 per cent.'
States may face a GST compensation shortfall of Rs 3 lakh crore in the next financial year, a situation that will force them to borrow more from the markets, says a report. The states may face a shortfall of Rs 2.7-3 lakh crore as Goods and Services Tax (GST) compensation from the Centre next fiscal. Out of that amount, the shortfall from cess collections will be at Rs 1.6-2 lakh crore, according to an Icra report released on Monday. In FY21, the states were facing a shortfall of Rs 1.1 lakh crore in GST compensation from the Centre but over 90 per cent of that amount has been cleared now.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
Asserting that there was no split in the party, All India Anna Dravida Munnetra Kazhagam leader from Sasikala camp M Thambidurai on Thursday requested the Election Commission "not to entertain" the dissenting cadres, who have staked claim to AIADMK symbol and sought fresh election to the general secretary's post.
With the Election Commission slapping a showcause notice on him for his poll expense remark, Bharatiya Janata Party leader Gopinath Munde on Wednesday sought four more weeks' time along with reports of returning officer on expenditure incurred by him during 2009 parliamentary poll.
She also attacked the "fashion" among politicians of visiting temples during the poll campaign and said the Election Commission should take note.
This time there has been a rather peculiar criticism of the latest GDP numbers.
Budget has several small steps which will boost growth
Facing flak over expenditure of Rs 35 lakh on toilets, the Planning Commission on Wednesday termed it as routine maintenance and upgradation work and said it was "unfortunate" to call it a wasteful expenditure.
