FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management.
RBI said at the current juncture, the all-out effort is to maintain and sustain, with the hope that when life is secure, resources, energy and time can be marshalled to rebuild and revive.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.
'While all would agree on the need to be ready to launch cross-border strikes on terror camps, there is sharp disagreement on how best to do it.' 'Through IAF fighters, or surface-to-surface missiles?' 'Or should army Special Forces be created to do the job?' 'If air strikes are the agreed priority, additional funding must be made available for the purchase of fighters and missiles.' 'If it is to be Special Forces, the army must be facilitated in raising a Special Forces Command,' notes Ajai Shukla.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Shifting to a PPP model could repeat the errors of the past
'If some measures are implemented quickly, they can help revive growth.'
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Travelling abroad will be tougher for civil servants, with the Narendra Modi government further tightening the rules for foreign travel.
Kirti Azad, a known detractor of Jaitley, egged on the Congress to seek a time-bound SIT probe.
Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
The party said that the Delhi cricket body had become a den of corruption during Jaitley's 13-year rule.
The government plans to raise resources to finance capital spending beyond the Rs 3.10 lakh crore budgeted for 2017-18 through higher borrowing or divestment receipts.
'The much-awaited decision could be a welcome change at a time when the Indian armed forces are crying for self-reliance and the defence industry is looking forward to more indigenisation,' notes Nitin A Gokhale.
Tamil Nadu Chief Minister J Jayalalithaa on Tuesday met Prime Minister Narendra Modi and did not rule out the support of her party All India Anna Dravida Munnetra Kazhagam to his government in the Rajya Sabha where the ruling National Democratic Alliance is in a minority.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
FM should avoid proposals such as to tax financial transactions and fringe benefits
The FM could scrap the secrecy around tax rates.
The UIDAI, set up in 2009, will manage the generation and authentication of Aadhaar numbers.
Most expect the Budget to be path-breaking.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
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The impact the Economic Survey had on the Budget proposals and the influence the Prime Minister wielded on them deserve close attention.
Indian elections are won and lost on 'negative' imageries and campaigns - but not certainly on 'negativity' as a political trait and electoral creed, asserts N Sathiya Moorthy.
The Finance Minister and senior party leader Arun Jaitley said the Congress does not deserve "even a single vote" for its promises, such as doing away with sedition law.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
Since 2004, Montek Singh Ahluwalia, one of the commission's longest serving deputy chairmen, has been trying to mould it to fit into the new economic order, without much to show for his efforts.
Calling Jaitley a "master of half truth and beautiful lies", AAP leader Ashutosh made certain fresh allegations against the finance minister and said his comments that there was no specific charges against him was "misleading".
Days after the Cabinet approved doubling of natural gas price from April next year, the Finance Ministry has written to Oil Ministry suggesting setting of a ceiling or an upper limit for the rates.
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
Honest tax payers need not worry about the new black money law, says finance minister Arun Jaitley.
Lalu handled the obstacle of 'departmentalism' with ease.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
BJP's reversals in rural Gujarat has prompted many policy watchers to predict that the Budget would have incentives for the agriculture sector and the rural economy.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
He also expressed doubts about fairness in a Central Bureau of Investigation probe into alleged corruption in the DDCA.
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