The ministry of health and family welfare spent Rs 3,948 crore in May this year compared to Rs 7,816 crore in the corresponding month of the previous year. On the other hand, at Rs 12,930 crore, the expenditure had risen almost 200 per cent in April against Rs 4,327 crore in the corresponding month of 2019-20.
Limited IT staff may compel them to focus on big fish than small depositors.
'Government's focus should be on the expenditure side in this Budget, not so much on the taxation side.'
A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.
The I-T Department had identified 1.8 million taxpayers in its Operation Clean through data mining and asked them to submit responses about the source of their deposits.
In simple terms, it refers to a deduction allowed in income tax, irrespective of expenses incurred or investment made by assessees.
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
International Monetary Fund Chief Economist Gita Gopinath tells Indivjal Dhasmana high-frequency indicators for the third quarter of 2021 indicate momentum in economic recovery in India.
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
'I suggest a cut in the GST rates and an infusion of Rs 1.2 trillion into the economy in six months.'
Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.
Information gathered from a person's social media account will be matched with his or her declared income.
'The signal is crude oil prices will rise, I am cutting my subsidy. Be prepared, prices will rise.'
'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'
'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'
'However, this time it looks like that is not working.'
'There will always be a challenge to maintain a fine balance to ensure that the growth keeps happening and inflation is contained.'
Experts said the slowdown could be attributed to adjustments leading to destocking and the offering of discounts by companies as the government ushered in the new indirect taxation system on July 1.
Before the MCC came into effect, Modi was busy laying stones, cutting ribbons, and unveiling plaques across the country.
'India's sizeable foreign exchange reserves should serve as a buffer.'
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
Experts warn of over-interpreting the numbers and said their sustainability needed to be watched beyond November, says Indivjal Dhasmana.
'There were lots of functionalities the Group of Ministers asked us to incorporate.'
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
'It is entering growth territory on a month-on-month basis.'
'We can go somewhere between 35 per cent and 40 per cent.'
'I expect fourth quarter GDP growth to be sharply down.' 'I would imagine it would shave off at least one percentage point, if not more, as compared to the third quarter.'
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Exemption limits, standard deduction on radar.
Amendments will be tabled in Parliament for approval by Monday or Tuesday.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
However, economic growth in five years of the UPA and NDA cannot be compared because of the now complex back series data, reports Indivjal Dhasmana.
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
Even today, many MFIs already distribute pension and micro insurance products to low-income households.
'A sum of Rs 6,000 a year is very significant for a small farmer whose land holding is very small and whose produce is very small. All these calculations on a daily basis are extremely unfortunate and an insult to farmers.'
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
For the government to meet its GST roll-out deadline of April 1, 2017, the states will have to ratify the Bill before Parliament's winter session, starting November.
'Prime Minister Modi stated several times that we shall not let this challenge go away without converting it into an opportunity to undertake systemic reforms.' 'And hasn't that been reiterated in action?'
