Formidable challenges including funds for the farm loan-waiver, and law and order stare him at his face, with the opposition claiming the misses have outnumbered the hits.
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
The government can seek details from sellers such as sources of funds while buying.
True, Azam Khan is being targeted rather disproportionately and also because of his Muslim identity. That must be protested and resisted. But to say that he is a big messiah, and his profit-making educational enterprise is an issue concerning all Muslims of India, is absolutely unjustified, assert Mohammad Sajjad and Md Mohammad Zeeshan Ahmad.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Indian economy about to take-off
Arun Jaitley had a tough fiscal hill to climb.
'While many Chinese policy makers dismiss the political, economic and technological component of US-India relations, they express caution on the defence-related ties which also happens to be a major driver in US-India relations,' explains China expert Srikanth Kondapalli.
The ministry, under Ravi Shankar Prasad, will soon prepare a Cabinet note for bringing Aadhaar under its administrative jurisdiction.
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.
Though launched in 1996, the slum replacement scheme has more or less bombed. Builders have not found the slum spaces attractive enough to build, harvest extra FSI for sale in open market thereby subsidising the rehabilitation, says Mahesh Vijapurkar.
'We are doing away with human interface in metering, billing, and collection.' 'That in itself will bring down losses by 50 to 60 per cent.'
The biggest disappointment was the compromise on the promised corporate tax reduction path.
A quick scan of prime ministerial speeches at the PBD going back to 2009, another election year, reveals no political utterances by either Modi or his predecessor, Dr Manmohan Singh.
Declining crude price translates into lower under-recoveries for OMCs
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
But earnings of main private holding firm get a booster dose from RIL dividend
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Keep at least one family member in the know of all your investments
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
'How many people have been skilled up and thus able to escape from needing to be in NREGA? The true success of NREGA would lie in its irrelevance -- that is, people no longer need it as a crutch.' 'NREGA should enable them to climb out of poverty and stand on their feet.' 'But this is expressly forbidden by NREGA rules. Skill development, which is what India needs more than anything else, appears to be outside the purview of NREGA,' points out Rajeev Srinivasan.
'You cannot start an MSME again.' 'It is not like a Yes Bank that someone comes and saves the bank.' Once the shutter is down for an MSME, nobody will come to its rescue.'
IOC inspectors who visited last year warned that unless the pace of construction picked up soon, some arenas may not be ready in time to host test events ahead of the Games.
Total subsidy bill could come down to around Rs 2 trillion.
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
'Power sits lightly on Arun Jaitley's shoulders. Just because earth-shaking election results have brought his party in power, he has not gone recklessly ambitious. "Too soon, too fast" is not what he likes,' says Sheela Bhatt/Rediff.com about Budget 2014.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
'Jobs will exist at very high levels or low levels of skill sets.' 'People, who are in middle level jobs, are the ones who are facing the problem as such jobs are fast disappearing because of technological advancement.'
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
Patients from any part of the country will soon need to travel no more than three hours for treatment of the kind available in large metros.
Ahead of completion of three years of the National Democratic Alliance, the Congress young brigade alleged that the government has failed on various counts including on issues like dealing with Pakistan, Kashmir policy, internal security, women safety and rising cases of rapes, atrocities on Dalits, high petrol and diesel prices, besides generation of jobs.
The bigger worry is that its effects could linger well into the next financial year.
Most expect the Budget to be path-breaking.
In a nation divided by many things, the 12-digit unique identity number is holding lives to ransom.
The Swiss National Bank, the country's central banking authority, has estimated the funds currently held by Indians in Swiss banks at a mere $1.98 billion. Fear of disclosure due to greater scrutiny of this illicit wealth has played the main role in the flight of capital.
'Insulting the law, instigating violence, living ostentatiously and preaching godliness?' 'This vulgar hypocrisy needs peoples' rejection and a revolt.' 'If people can't speak out, then it will be a hypocrisy that they expect the government to act and speak for them,' says Tarun Vijay.
Collateralisation of other loans and prior approval for additional leverage are things to watch out for
It's too big to digest as one whole airline.'
Several of Modi's actions reflect political courage.
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