The concept of gold as an asset capable of getting anytime money is evaporating.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
There are chances of taps running dry and prices of fruits and vegetables spiking.
Sensex climbs higher on favourable global cues.
'If the money we spend on importing pulses reach our farmers, there won't be any suicides'
'In the final analysis, all Budgets everywhere are like the schemes hatched by A A Milne's lovable Winnie-the-Pooh.' 'They may be well-intended, but often go awry.' 'Although Pooh and his friends agree that he 'has very little brain', he is occasionally acknowledged to have a clever idea, usually driven by common sense.' 'This Budget at a first glance does not appear to belong to that latter category,' says economist Shreekant Sambrani.
The fact that everyone but Agriculture Minister Radha Mohan Singh is speaking on the issue only gives credence to the specious fears of farmers that this government is out to get them. Aditi Phadnis reports
'The greatness of Indian democracy is that it never lets any political pundit master the pulse of the electorate. Sometimes people vote for change and sometimes they vote for the status quo.'
'The farmer is furious because the MP government is trying to crush their agitation violently.' 'Such actions will have nation-wide repercussions.' 'Why this drama (Shivraj Chouhan's fast) after violently crushing the farmers' agitation?' 'He should resign immediately.'
'Farmers are like living corpses in India.'
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
Progress on several parameters creates a tipping point situation.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
The kind of people Narendra Modi has chosen, the decisions he has taken and the rail and central budgets suggests that he is treading carefully in New Delhi. There is less of innovation and more of continuity, so far. He is not ready to rock the boat and start from scratch, says Sheela Bhatt.
