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.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
A whopping Rs 30,000 crore is likely to be spent by the government, political parties and candidates in the upcoming Lok Sabha elections, making it by far the most expensive electoral exercise in Indian history.
Literate and rich sections of the society do not cooperate enough with surveyors collecting economic data.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Budget should use fiscal policy to curb inflation.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
Experts point to the higher contribution of rural from the north for the growth reported by the region, a point endorsed by companies who've been pushing their presence aggressively there.
During the UPA government's second term in office, rural India's consumption expenditure grew at a faster pace than urban India's - for the first time since 1991.
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.
'If this trend continues, humans in the future will not be able to have normal pregnancy and childbirth.'
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.
This Budget is an interesting cocktail of growth orientation with inclusiveness and fiscal prudence. When one looks beyond the numbers, at the overall direction, there are distinct trends.
According to the report, Russia tops the table with 6,375 warheads, followed by the United States with 5,800, and the United Kingdom with 215 warheads.
Markets regulator Sebi on Tuesday proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and other shareholders post an IPO. In a consultation paper, the watchdog has also suggested streamlining the disclosures requirement of group companies. The Securities and Exchange Board of India (Sebi) has sough comments from public on the proposals till June 10.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
The government during 2009-10 is estimated to forego revenues of over Rs 5 lakh crore, which amounts to 50 per cent of its annual expenditure due to various tax concessions given to the prop up the industry hit by the global financial turmoil.
The regulator budget is projected to have deficit of Rs 76.6 cr; fee hike will help turn this into a surplus of Rs 105.7 crore.
Unless we do our home work right even the effective steps of the regulators will not help us. So, let us see what it takes to turn into a smart and wise investor that will help you protect and multiply your investment!
Ishan Bakshi studies the Budgets of six states, their expenditure priorities and outlays to understand the trend.
India's GDP estimates for 2020-21 show that the economy is expected to perform much better than earlier projections by different agencies, indicating a sustained V-shape post-lockdown recovery, experts said. The first Advance Estimates (AE) by the National Statistics Office (NSO) has projected a contraction of 7.7 per cent in the real GDP during 2020-21. This was better than the projections by certain international agencies like the IMF and World Bank.
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
Analysis of the 7th Pay Commission's recommendations.
'We will continue to refine our operating model to drive more simplicity and nimbleness.'
The government Rs 20 lakh crore package includes Rs 1.7 lakh crore of fiscal stimulus announced in the first phase, Rs 5.6 lakh crore stimulus provided through various monetary policy measures and Rs 5.94 lakh crore through the second phase, implying Rs 6.70 lakh crore package is still to be announced.
Many ministries couldn't use the allocated funds since it came into force, resulting in much-needed savings.
There will be uncertainty about outcomes,but one must hope for the best, observes T N Ninan.
Non-Banking Finance Companies to get additional Rs 25,000 crore liquidity support; PSU banks to provide Line of Credit to NBFCs for purchase of commercial vehicles.
'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
While the fresh issue portion of IPOs has been going down over the years, this financial year has been abysmally low at only Rs 2,663 crore, 82 per cent lower compared to the last financial year.
The cost of not vaccinating the entire population quickly will be far higher than bearing the entire cost of vaccination, points out Prosenjit Datta.
The government's fiscal deficits have reduced over the last five years.
The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.
Pvt sector holds back, waits for key reforms
'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
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.
The infrastructure spending target for 2020-25 was revised because of additional and amended data provided by central ministries, state governments since the release of the summary NIP Report in December 2019 when it was pegged at Rs 100 trillion.
'It is entering growth territory on a month-on-month basis.'
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