Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a $8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. "I am happy to share this with you and you are probably the first one I'm sharing this with.
The preparations for the next Budget have already started.
The general election could be held sometime after the passage of the federal budget, Gilani indicated during an interaction with Pakistani journalists on Sunday night following his return from Davos, Switzerland, where he attended the World Economic Forum.
Barely two months before the Lok Sabha election, Gandhi will be filing her nomination papers in Jaipur on Wednesday. Party chief Mallikarjun Kharge, her son Rahul Gandhi and daughter Priyanka Gandhi Vadra are likely to accompany her.
Amid the row over Congress leader Sam Pitroda's remarks, the party on Wednesday asserted that it has no plans whatsoever to introduce an inheritance tax and cited former Union minister Jayant Sinha's remarks to allege that it is the Modi government that wanted to do so.
Global rating agency Moody's on Monday raised India's growth forecast for 2024 calendar year to 6.8 per cent, from 6.1 per cent estimated earlier, on the back of 'stronger-than-expected' economic data of 2023 and fading global economic headwinds. India's real GDP expanded 8.4 per cent year-over-year in the fourth quarter of calendar year 2023, resulting in a 7.7 per cent growth for full-year 2023. Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, Moody's Investors Service said.
This is the full text of the address to the nation by President Droupadi Murmu on the eve of India's 78th Independence Day.
Former India wicketkeeper Saba Karim was on Saturday appointed as General Manager (Cricket Operations) of the Board of Control for Cricket in India.
The 54-page document tabled in Parliament detailed how the Modi-government pull the economy from being counted among the most fragile-five in the world to being the fasted growing and the most attractive investment destination.
The initiatives intended to benefit the common man include e-ticketing, catering on demand, bio-toilets, food for infants, better stations.
Finance Minister Ishaq Dar, who presented the budget in the National Assembly, the lower house of parliament, said the government will target a growth rate of 3.5 per cent in the coming fiscal year.
'The sooner Kalyan Chaubey leaves, the better it is for Indian football'
The dates of general elections in 2019 and the presentation of the final Budget of the Modi government are so far removed from each other that Jaitley is not under any pressure to present a populist Budget. Instead, he could well unveil an array of schemes and proposals that he believes are necessary for the economy, even if a few of them could be unpopular, says A K Bhattacharya.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
Escalation of the conflict in West Asia between Israel and Iran has had a direct impact on the energy markets, and more broadly on the financial markets as well as the global economy.
'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.' 'You're also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you've invested in the sovereign gold bond as a kind of a FD or a deposit.' 'That kind of return you can never get anywhere else.'
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
Goyal's move was criticised by the Opposition saying with general election months away, the Prime Minister Narendra Modi-led government had mandate only to present a vote on account and a Budget containing direct tax proposals.
The DG said that the previous government was wary of constructing roads near the Line of Actual Control.
There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
For 2017-18, the plan size has been pegged by the Railways at Rs 1,31,000 crore.
'We have to cut down on manpower to make more for equipment,' Indian Army chief General Bipin Rawat tells Ajai Shukla.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
'Investors should focus on largecap funds, flexicap funds, business cycle funds, or hybrid-category funds.'
Congress general secretary Jairam Ramesh posed questions for the prime minister ahead of his rallies in Karnataka.
'The plan is to secure nod of the Union Cabinet and other relevant regulatory approvals within the next three months,' a senior finance ministry official said, requesting anonymity.
The biggest bounce is in the realty sector, where the industry index jumped 80%. There's been a turnaround also in automobiles and ancillaries (up 45%). The pharma and health care indices have a welcome return of roughly 35%.
'China's opaque defence allocation processes are shrouded in mystery and have triggered security dilemmas among its neighbours and others,' notes China expert Srikanth Kondapalli.
The Budget is expected to make some key announcements, including relief package for farmers, poor and sops for the middle-class.
'Investors need to be stock specific and should not rush to buy stocks at the current levels.'
While the finance minister had a great opportunity to come out with flying colours while presenting this last Budget of his government, he didn't, says Omkar Goswami.
The main responsibility for producing the Budget rests with the Budget Division of the Department of Economic Affairs in the finance ministry
'It is crucial today to realise where we have reached in this 15 year-period in order to fully and properly assess the profundity of what General Rawat has said,' points out Ambassador M K Bhadrakumar.
In this year's budget, Finance Minister Nirmala Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
There was no law that prevented the government from presenting a sixth full Budget, or something similar to it.
Paris has been working on cleaning up the Seine so that people can swim in it again, as was the case during the 1900 Paris Olympics. But a sewer problem last summer led to the cancellation of a pre-Olympics swimming event.
In his letter to Modi, Kharge hit out at the railway minister for seeking a Central Bureau of Investigation probe, saying the law enforcement agency is meant to investigate crimes, not railway accidents.
'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'
