'According to the government's Economic Survey, the Indian state's generosity is not restricted to its poorest citizens. In fact, in many cases, the beneficiaries are disproportionately the well-off.'
Army chief General M M Naravane on Tuesday hoped for an amicable resolution of the military standoff with China in Ladakh through talks based on 'mutual and equal security' even as he said India will have to be prepared to deal with a 'two-front' threat scenario due to the potent and collusive threat from China and Pakistan.
A rise in petrol and diesel consumption can help the government cut cesses on the fuels by Rs 4.5 a litre without impacting revenue collections of FY21, and help cool off the pressure on inflation, domestic rating agency ICRA said on Friday. Petrol consumption is estimated to increase 14 per cent in 2021-22 and diesel by 10 per cent on the lower base, rise in mobility and economic recovery, ICRA said. The rating agency added that it will result in an additional Rs 40,000 crore in revenue for the government through higher collections of the cess.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
On the extension of the PMGKAY, he said it will cost the government Rs 90,000 crore more.
Economy improving but long way to full recovery, says FSDC.
Replying to the debate in Lok Sabha on Motion of Thanks to President Ram Nath Kovind's address to the Parliament, Modi said the Congress' 'arrogance' has not gone away despite multiple electoral defeats and its 'misdeeds' seem to indicate that it has made up its mind not to come to power for the next 100 years.
The prime minister also said the government has offered to discuss clause by clause of the three farm laws and if there are any shortcomings it was ready to make changes.
The broad trends of GST collections will make you wonder if indeed the biggest indirect tax reform in the country has led to a real improvement in revenues, notes A K Bhattacharya.
Dissenting states including Chhattisgarh and Kerala, have made it clear they are in no mood to relent. They want the Centre to borrow the entire Rs 2.35 trillion this fiscal citing bleak fiscal position.
With the price of a cylinder touching Rs 800, it's becoming increasingly unaffordable to an already price-sensitive population, threatening to risk one of the most-celebrated campaigns of the Modi regime, reports Twesh Mishra.
'Where is the spirit of Team India?' asks Chandrababu Naidu.
He said his 'Rashtra Manch', a political action group, would start a movement against the policies of the Centre.
Rather than make it a BJP or anti-BJP battle, it is more important to have a dialogue with the protesting students and understand their psyche, feels Devanik Saha.
The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.
Finance Minister had announced the scheme in the Union Budget.
Addressing the joint session of Parliament at the beginning of the Budget Session, President Ram Nath Kovind said, "The government has been working to fulfill hopes and aspirations of all sections of people."
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
'Four years ago, when Gadkari was BJP president, Fadnavis was president of the state BJP, I had gone on a fast unto death demanding separate statehood for Vidarbha.' 'They had come to meet me and promised that once the party comes to power at the Centre and in the state, we will get separate statehood.' 'Four years have passed, but no change is seen on the ground.'
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.
The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
Inaugurating the two-day 'Global Investors Summit' hosted by Assam, Modi said the National Democratic Alliance government has speeded up the functioning of official machinery and "we want all programmes to be completed before target".
Modi said that mere government budget is insufficient to address the problems such as foeticide and nutrition.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
On Thursday, the Business Advisory Committee of the Lok Sabha, which allocates time for the Bills and discussions to be taken up for the forthcoming week, met, but the government strategists didn't ask the members to allocate time for the GST Bills for the next week.
Rajya Sabha took up the discussion on The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill that have already been passed by Lok Sabha.
Thirty-five Union ministers on Friday huddled in a strategy meeting for an image make-over for the government on a day when Congress began its foot march against the land bill from the symbolical Bhatta Parsaul village.
'2020 will show whether India's troubled domestic economic and political house reveals a mismatch in their strategic association or whether closer strategic ties are yet possible,' says Anita Inder Singh.
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
Have a clear vision. Plan in advance. Trim down the guest list.
Rebuffing petroleum ministry, Siddaramaiah launches Pradhan Mantri Ujjwala Yojana-like scheme months before state polls
'A perception has been built in our country that whatever Modi says you cannot challenge that.'
Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
Amid a controversy over the recent the JNU row, the BJP said freedom of expression does not give a right to call for the country's destruction.
Bharatiya Janata Party's prime ministerial candidate Narendra Modi on Monday slammed the United Progressive Alliance government for not fulfilling its promises made to the youths.
Budget forces last minute change in finance minister's plans.
'...and defensive until the global macro headwinds turn more benign.'
'There is more likelihood of dying from lightning than from vaccine induced blood clots.'
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
Modi govt is aiming to recast the urban landscape of the country by making cities more livable.
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