N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report to the National Statistical Commission, explains to Abhishek Waghmare various aspects of the methodology.
'If there is lesser number of elections, populism will naturally be restricted.' 'Decisions will be taken speedily because there won't be the spectre of adverse electoral impact of the decisions because elections will be held once in five years or maximum two times in five years.'
The Bill has already been passed by the Lok Sabha.
Upon implementation of the 7th Pay Commission the expected yearly burden on the central exchequer will be more than Rs 100,000 crore. Central government employees will get on an average a 24 per cent pay hike. Still, the unions aren't happy.
An analysis of the results in Haryana reveals that caste-based voting is anything but dead. It could even help the Bharatiya Janata Party win a second successive term in the state in the forthcoming assembly polls, reports Nitin Kumar.
'Just as a wave brought the BJP into power; an anti wave will blow them away.'
Force India boss Vijay Mallya says his partnership with the Formula 1 team's co-owner Subrata Roy stands strong despite the Sahara Group chief being in jail since March 2014.
The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
"I am not talking about reorganisation of just Maharashtra but of all the states of the Indian Union based on the basis of population."
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Hong Kong will host the 2022 Gay Games, fighting off bids from cities in the United States and Mexico to become the first Asian city to stage the sports and cultural event.
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
'Modi came out with this huge announcement that he has given a historic price rise to farmers.' 'It was actually a fake price. He did not give the price mentioned in the BJP's election manifesto.' 'So, Modi gave an incomplete price rise and publicised it as if he has completed his job.' ''This government has surely proved that it does not care about farmers in any way.'
The government on Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.
Given the importance of equipment modernisation, the overall defence budget should rise at least at the same pace as salaries and pensions, so that equipment modernisation is not hit.
'If the BJP thinks they can suppress the farmers' movement by opening fire, they are wrong.' 'It will create a boomerang effect which will be very difficult to manage.'
Playing down reports of a poor response to removal of the decades-old one-child policy, China on Tuesday said that besides generating a labour force of 30 million by 2050, the new policy could also boost stagnating growth in the world's second-largest economy.
'Both Doval and Jaishankar are savvy enough to know what is good for them and won't want to meet the fate of Icarus in Greek mythology,' argues Ambassador M K Bhadrakumar.
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
Vallabhbhai Patel's great claim to fame originated from his steely leadership of a struggle against a repressive regime, a good three decades before the achievement of states unification, points out Shreekant Sambrani.
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The report comes at a time when the government is trying to clear pending FDI proposals, which include various planned investments in this sector.
The BJP has been inducting leaders from the NCP and the Congress since the last few months to expand its footprint in the regions where the party lacks organisational base.
RIL has more than half a dozen undeveloped discoveries.
RIL has proposed to charge the government- fixed rate for natural gas on a gross calorific value (GCV) basis, instead of net calorific value (NCV).
A rightly chosen ULIP can be a competitive investment, but the investor needs to ensure that his relationship manager has put him ahead of the commissions that the product pays, says Anil Rego, CEO, Right Horizons.
The Congress has asked Prime Minister Narendra Modi to take up the issue of former IPL chairman Lalit Modi's deportation during his ongoing visit to UK and to ensure that the "fugitive" and "black money exporter" is brought back.
The proposed IFC disrupts existing regulatory structures.
With months to go for the Karnataka assembly elections, the man in the hot seat, Chief Minister Siddaramaiah says he'll make billionaire jeweller Nirav Modi and the Punjab National Bank scam an issue in the upcoming Karnataka elections . In an interview to CNN-News18's Deepa Balakrishnan, the CM also says that Hindutva is not a campaign issue in the state.
Summary of sports events and persons who made news on Tuesday
'Perhaps it isn't protocol at all, but power before which we abase ourselves,' says Sunanda K Datta-Ray.
Oil Minister M Veerappa Moily approved continuation of the existing rate of $4.2 per million British thermal units until the new government, which will be in place in May, decides on implementation of the new price formula.
We can learn much from China with regards to making civil service recruitment more efficient, says former diplomat Kishan S Rana.
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
'In a competitive industry where no one has a formula for success other than the actor's personal appeal, the need to dominate the news cycle in the interim between films is so overpowering that even the otherwise sober stars can suffer a Ghajini moment,' says Saisuresh Sivaswamy.
After days of tough posturing between leadership of the Janata Dal-United and the Rashtriya Janata Dal in Bihar on the issue of alliance for the assembly elections, action has now shifted to the national capital, where top leaders from both the parties will meet to thrash out the differences.
The centre's promise of a new deal for the states is a welcome development.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
Aman Garg, 17 Devansh Kaushik, 17 and Anmol Gupta, 18 share their success journey.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
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