India's GDP may turn positive at 1.3 per cent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday. Projecting that the gross domestic product (GDP) may have returned to the black in the last quarter of the calendar year 2020, DBS Bank in the report said the full-year growth in real terms may be at a negative 6.8 per cent.
'Anti-incumbency, especially in Maharashtra; the BJP's success in creating a new social coalition; and the sheer force of the party's campaign which overwhelmed its opponents,' argues Praful Bidwai, brought the BJP victory in Haryana and Maharashtra, not the Modi effect.
Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.
'Part A of the Budget was like it was written by somebody from the 21st century and Part B was written by somebody from the 19th century.'
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
At some stage this fall in the quality of life will begin to hurt anybody's popularity, observes Shekhar Gupta.
'The Khalistanis get bulk of the money from abroad.' 'Where did Amritpal's Mercedes come from, which costs well over Rs 60 lakhs?' 'Where does his fleet of vehicles come from?' 'Local Punjabis can certainly not contribute this kind of money.'
SVAMITVA is a new government project that primarily aims to demarcate abadi areas that includes inhabitant land, inhabited areas contiguous to abadi and wadis/basties in rural areas, using drone surveying technology.
Political stability and a couple of big projects are pluses, but focus on medium and small industries is still missing.
'Unless the economy is sound in the country how can only three movies collected so much business in a single day?'
Thinking of migrating to a more agreeable locale? Then perhaps you should consider moving to Vienna, which has been named the best city to live in for the tenth year in a row. However, the news isn't that great for Indians, with the list released by global consulting firm Mercer showing that Indian cities fared badly in the quality of living survey. The comprehensive survey is done with many factors being considered like housing, crime, political stability, leisure, air pollution, infrastructure, health system, education and economy.
Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
80% of the surveyed districts did not show any change in migration
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
'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.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
Maharashtra government on Saturday gave a clean chit to Deputy Chief Minister Ajit Pawar in the irrigation scam as it tabled in the Legislative Assembly the report of Madhav Chitale committee on the issue alongwith the Action Taken Report.
The study showed that 50 per cent of households have reduced the number of meals ever since the lockdown was imposed
Of the 550 million domestic tourists in 2002 at the national level, rural population constituted 71 per cent, a survey said.
"Coming festivals (Chhat, Puja, Dussehra, Deepavali, Id, Xmas, New year) pose a huge challenge in the pandemic control. It has been seen that Onam in Kerala and Ganesh Chaturthi in Maharashtra escalated the pandemic seriously. This must not be allowed to happen in Delhi," the report stated.
The civil aviation ministry and Maharashtra have been planning an international airport near Pune for almost 10 years. The airport site would see construction from year 2011 onwards, if the land acquisition happens within a year.
The caste census has already become a hot-button issue. Unless settled earlier, it will echo loudly in the coming assembly elections and eventually in the 2024 parliamentary poll, notes Virendra Kapoor.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
The correlation between withdrawal of deposits and the Covid death rate is stark, reveals Tamal Bandyopadhyay.
The poll of polls brought out by the NDA gave the BJP and the Congress 66 and 14 seats respectively in Haryana, and 211 and 64 for the saffron alliance and the Congress-NCP in Maharashtra.
A shocking fact revealed by a pan-India survey that was flagged at a seminar of Dalit intellectuals
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
Comparing a state like Kerala with a nation like Somalia shows disconnect unbecoming of a prime minister, says Uttaresh Venkateshwaran.
Is winning a glamour contest, a beauty parade, a bigger achievement than getting to run one of the world's best known luxury brands or the IMF? asks Sandeep Goyal.
On a day when several mandis across the country are closed in protest against the recent Centre's decision to impose stringent stock-holding limit on pulses, the government clarified that limits have been defined as retail prices are still higher than last year though there is some moderation in the last few weeks. It said the same logic also holds true for edible oils, the import duties on which was slashed few days back and curbs lifted on import of refined oils. The decision on edible oil and pulses have caused massive resentment among the trading community as it came just ahead of the kharif sowing season, when prices were off their peaks due to multiple steps announced previously. Sources said trading activity in some of the major mandis dealing in pulses such as Sholapur, Amravati and Latur in Maharashtra, Indore and Dewas in Madhya Pradesh along with Kanpur in Uttar Pradesh was impacted as traders went on a flash strike in protest against the decision to impose stock limits.
Ground surveys have found that several members of the dominant castes are in economic conditions quite similar to that of peer communities with the advantage of quotas.
Since 2014, India has left its moorings as a pluralist, modern, secular State because that is how the BJP wants it to be, notes Aakar Patel.
A BJP source admitted that a census will inevitably reconfirm the numerical majority of the OBCs. 'That will overturn social equations and consign the upper castes to a twilight zone of marginalisation. The RSS won't accept it.' Radhika Ramaseshan reports.
The ease of doing business has not picked up in a vast number of states and Union Territories.
Bihar, Uttar Pradesh and Jharkhand will have to do a significant amount of catching up.
India's official COVID-19 tally on Wednesday was 4,18,480 (4.18 lakh), the third highest in the world after the US and Brazil.
'As soon as the BJP feels they are going to lose power, they will publish the caste census data of 2011 and conduct the caste census of 2021.'
However, the number of confirmed cases reported by states rose by over 500 to cross 3,000 with at least 90 dead. While Maharashtra, Telangana and Delhi disclosed several new cases of the deadly virus infection, government officials said the numbers have risen in last few days mostly due to one event -- referring to the Tablighi Jamaat's religious gathering in the national capital attended by thousands of people last month.
Five Star Business Finance is in the business of providing loans to MSME entrepreneurs. Gireesh Babu finds out more about the company that plans to grow to 3,000 crore by 2020.
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