'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
The Defence Minister said it has been decided to give women permanent commission in the Army, Navy and the Air Force like their male counterparts.
He accused the Congress of putting up obstacles to the temple's construction through 'its lawyers' in the Supreme Court.
Goyal also announced hiking of tax free gratuity to Rs 30 lakh from existing Rs 20 lakh for employees having service of more than five years.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
After launching the ATM service at Thiyagaraya Nagar Head Post Office, Chidambaram said that Rs 4,909 crore had been allocated for the IT modernisation of Department of Posts in the interim budget for 2014-15.
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ITC, TCS and HDFC Bank emerged as the biggest gainers during the period.
Uttar Pradesh assembly session began on a stormy note on Wednesday as legislators raised anti-government slogans and two of them took off their shirts protesting over various issues.
'In the case of an India-Pakistan confrontation, the Chinese may undertake more than just posturing, thereby constraining us from deploying adequate forces for decisive results,' warns Brigadier S K Chatterji (retd).
Military veterans are finally set to get their dues following Defence Minister Manohar Parrikar's assertion that the 'One Rank One Pension' scheme is just weeks away from being implemented.
In the four-paragraph letter, Jaitley said he had orally informed Modi about his desire not to be a part of the new BJP government to enable him to concentrate on treatment and health.
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
'Reports in a section of media regarding Union Minister Shri Arun Jaitley's health condition are false and baseless. Media is advised to stay clear of rumour mongering,' Government Spokesman Sitanshu Kar tweeted.
The revised estimated expenditure for FY20 has been pegged at Rs 26.99 lakh crore and receipts at Rs 19.32 lakh crore, she said.
Higher disposable incomes, rural push and infra push to boost auto sector
In June, the new government led by Narendra Modi extended the excise duty concession by six months to December 31, which is not being further extended.
The Congress will hold a chintan shivir immediately after the Budget session of Parliament and the CWC will meet again before that, he told reporters
Rajiv Kapoor did not do many films in his career but he is still remembered for his solid hit, Ram Teri Ganga Maili.
'Why should Khargeji work against the Gandhis for the sake of proving his independence?'
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
The amount allocated for 2019-20 is 11 per cent higher compared to Rs 55,000 crore allocated for the year 2018-19.
Dismissing the criticism of his interim budget by Narendra Modi, Finance Minister P Chidambaram said, "I don't want to take the level of this debate to a Class 8 school boys' debate."
There was hope in some quarters that the interim Budget would boost sentiment and lay the groundwork for kick-starting the investment cycle, while staying on a path of fiscal consolidation.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
Consumer Electronics and Appliances Manufacturers Association Consumer has also welcomed the move saying the it would improve the sentiments and strengthen the growth.
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.
The target announced is 13.6 per cent higher than that set last year and 145.4 per cent higher than the revised target for 2013-14.
For the first eight months of the current financial year, the figure stood at Rs 7.17 trillion.
Highlighting the the government's focus on providing power to all, Finance Minister Goyal said 2.5 crore families were without electricity in 2014 and "we have provided power to almost all families".
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
Modi government's story of five years with regard to equity allocation for PSUs shows that it may have allowed a large part of its resources to be wasted. This is also a worrying reflection of the government's inability to take hard decisions - whether they pertain to privatisation or forcing weak public-sector banks to wind down their operations, says A K Bhattacharya.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
The bold decisions are part of the Congress 'Nav Sankalp' declaration that was adopted at the end of the three-day 'Chintan Shivir in Udaipur, indicating that the party has chosen to put its weight behind the young leadership after a prolonged old-versus-new tussle.
Tax incentives to have cascading effect on the capital goods industry.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.
According to state government sources, not only did the governor insert some corrections, but he also initialled the final draft after those corrections had been made, reveals N Sathiya Moorthy.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
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