Brave statements such as we will continue to be the fastest growing large country are of no consolation, because the direction of trade also determines the flow of investment, points out M Govinda Rao.
'The finance minister missed yet another opportunity to simplify the income tax structure in the Budget.' 'This was an opportune moment to get rid of the old tax system entirely and move fully to the new system,' asserts M Govinda Rao, member of the 14th Finance Commission.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
Sustained rural poverty can't be eradicated without capacity building.
No-trust motion battle was between BJP's majority and our morality, says TDP chief.
The reason behind issuing new bank licences is to allow more private sector entities to set up banks
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
India will have to devise policies to ensure overall growth in FY16.
Jaitley has managed the difficult feat of sticking to the fiscal correction.
This Budget signals a shift from a hand-out to a hand-up economy.
The Economic Survey was tabled in the Parliament on Friday.
Modi govt must implement few policy measures which it announced in Budget 2015.
Narendra Modi is squandering a mandate for change on feeble, unimaginative incrementalism.
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
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