Of these 8.5 million additional people employed in September, 6.5 million were in rural India, reveals Mahesh Vyas.
A cut in government spending would come at the cost of growth.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.
Banks asked to maintain record of cash being ferried in these vehicles all the time
'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.
The statements come from a booklet published this month by the state-run People's Publishing House, in which senior officials, including President Xi, outlined the latest five-year plan for the country's development.
Maharashtra is facing trouble on two fronts: economic development and fiscal management.
The Election Commission on Friday virtually made it mandatory for political parties to deposit their funds in banks and not to exceed ceiling limits in financial assistance for candidates to ensure transparency and accountability.
The manner in which Members of Legislative Assembly spent their funds during the recent four-state assembly elections is something that needs to be looked into.
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
The government had committed to increasing spending in infrastructure
The Twelfth Finance Commission on Monday warned that rising fiscal deficit of the Centre and the states at over 10 per cent of GDP in 2002-03 may have an "adverse" impact on debt, developmental expenditure and growth.\n\n\n\n
Plans that had been almost a decade in the making were shredded as the COVID-19 pandemic forced the IOC and Japanese government to take the unprecedented decision to postpone the Olympics for a year.
Consumers are paying an exorbitant 180 per cent tax on petrol, and 140 per cent on diesel in Delhi and in most other towns in India. Little wonder then that the central government expects a staggering Rs 3.46 trillion by levying excise duties on retail sale of the two fuels this year, and Rs 3.2 trillion the next. States would generally have had reason to cheer, as they command a 41 per cent share in Centre's tax revenues. But as the Centre has raised excise duties in the form of "cess," the revenue proceeds are by nature not shareable with states.
An estimated Rs 39 crore in cash and over 1.67 lakh litres of illicit liquor has been seized by Election Commission-appointed teams in the Bihar assembly elections till now.
This move will enable it to incur higher-than-mandated borrowing, and possibly spending, till the 2024 Lok Sabha election cycle.
Amid mounting criticism of poverty reduction estimates by the Planning Commission, Congress leader Digvijay Singh on Saturday joined Union Minister Kapil Sibal in questioning the criteria for fixing poverty line.
The Election Commission is deploying 'flying squads' in poll-bound Assam to monitor the expenditure of all political parties and to prevent the practice of bribing voters. These squads have the power to file FIRs and seize 'bribe' material including cash.These flying squads would not only monitor the campaign but also take direct action, apart from reporting the matter to accounting teams.
Union Budget 2015 cuold have included few smaller reforms.
Rising rural distress due to back-to-back droughts have put pressure on FM to spend more on social schemes; no change in tax slabs likely
The Planning Commission is expected to take a call soon on the expenditure, which will be a component of the health ministry's 12th plan allocation. The ministry is expected to pitch for doubling the allocation for the overall health sector, it is learnt.
NITI Aayog was set up as a think-tank for the Centre and states on January 1 replacing over six-decade old Planning Commission.
The finance ministry seems to be at loggerheads with the Planning Commission on funding of at least 60 centrally sponsored schemes
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
There are many collateral advantages of taking the tough decision.
Fitch frowns at government pay hikes.
Market hopes govt will hike capital expenditure.
The key idea seems to be to move away from the discredited US model of private insurance based healthcare, and focus more on publicly-funded preventive, primary and secondary healthcare.
The Editors Guild's on Friday urged the Election Commission to take strong action against both candidates and media persons who violate the disclosure norms of election expenditure to gain media publicity. A delegation from the guild, led by president Rajdeep Sardesai, submitted a memorandum to the EC, deploring the 'paid news' phenomenon. The memorandum cited several recent investigative reports which highlighted the prevalence of this dangerous practice.
This is thrice of what agencies seized during the 2014 Lok Sabha poll process, reports Archis Mohan.
"Let me assure the nation that all Indians are safe and all those Indians who are willing to be evacuated will be evacuated safely and without any expenditure incurred by them," External Affairs Minister S M Krishna said.
Tamil Nadu topped the tally of total seizure of cash where a latest Election Commission data said the figure went up to Rs 112.89 crore.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
The projects include commissioning of new lines, gauge conversion and doubling of existing tracks in certain busy stretches.
Outlay for infra is also expected to see a significant increase in view of the government's Rs 111-trillion investment plan under the national infrastructure pipeline to develop social and economic infrastructure over five years.
The Planning Commission has favoured sustained efforts to hike public investment to achieve the desired 8 per cent economic growth for which the Centre could consider relaxing fiscal discipline.
Many ministries couldn't use the allocated funds since it came into force, resulting in much-needed savings.
