Well then, what did DeMo achieve? As predicted by most economists, the volume of transactions fell, economic activity was adversely impacted, and some sectors (which were more dependent on cash transactions) witnessed greater disruption than others, says Rahul Khullar.
Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day.
Critics said a 10-plus per cent annual increase in incomes is a tall order, given that between 2002-03 and 2012-13, farm incomes grew yearly by 3.6 per cent.
CBI sources said Singh appeared before the probe team on Tuesday morning and was questioned.
Malik said the step will enable good governance, bring self-reliance and employment opportunities to people Jammu and Kashmir and most importantly the feeling of unity and equality with the rest of the country.
The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.
Government claims big successes in agriculture, rural roads & investment scenario.
Supply rises as farmers harvest crops amid fear of spoilage on expectations of early showers
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
"Sath hai, vishwas hai, ho raha vikas hai," the PM said.
Warning that India's farm subsidy had mounted to 5.6 per cent of agriculture GDP, the World Bank on Wednesday said the country should instead be investing more in rural education, social and infrastructure development.
Making it clear that development of rural areas and uplift of social classes would be crucial to building the 'India of tomorrow', he said his government had taken a series of initiatives aimed at investing in rural and urban infrastructure, generating maximum employment and improving productivity of farm economy.
He also said that efforts were on to increase the use of natural gas by four times in this decade and to double the oil refining capacity in the next five years.
Budget 2013-14: An analysis from the environment-development perspective
The government was going in the "wrong direction" and it was "highly condemnable" that it did not discuss the proposed changes with trade unions and other stakeholders, says BMS, trade union arm of the RSS.
Private consumption is looking up and will get better as the full effect of the good monsoon is felt on rural income, and the effect of the payout from the Seventh Pay Commission is felt on urban income, say Anis Chakravarty & Rishi Shah.
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
Let's take a look at the protests against the Posco steel plant in Orissa.
Slight recovery in growth is expected only in July-September.
Noting that there is a huge potential in the agricultural sector, he said value added production through processing could add considerably to the economic growth.
The last three prime ministers who served full terms started out in their early 70s. Mr Modi is younger and fitter than all of them. But he needs to find it in him to change course if he is to beat the odds, notes T N Ninan.
When Fiji's President Ratu Epeli Nailatikau, the first foreign head of state to call on President Pranab Mukherjee, visited Rashtrapati Bhawan, it provided an opportunity to review India-Fiji relations.
Sprawling complexes along the Mumbai-Pune expressway and the Mumbai-Nashik highway are hard to miss.
What will the Centre and the Tamil Nadu government do to answer the queries and fears of investors who will want to be doubly sure they would not be harassed at a later date, as has been happening to Sterlite, should be interesting to watch, says N Sathiya Moorthy.
India's exports shrank in January for the 14th straight month on continued weak demand from Europe
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