Finance minister Nirmala Sitharaman on Wednesday exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India. Replying to the debate on first batch of Supplementary Demands for Grants 2022-23 in Lok Sabha, the finance minister said inflation has come down and it is now in the tolerable band of the RBI. Inflation has been declining since April 2022 and it is declining further, she said.
By any economic theory or doctrine, this is no Budget that supports economic recovery, whether through supporting aggregate demand, or through expansionary stimulus, declares Rathin Roy.
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
The government will announce minimum support prices for kharif.
Weather forecasts have notoriously large error margins.
The resentment against the government has increased.
The ministry further stated that it was advisable to receive a complete schedule of the anti-coronavirus vaccine irrespective of past history of infection with COVID-19 as this will help in developing a strong immune response against the disease.
80-85 per cent of about 700 major infrastructure projects within the Centre's domain have been delayed.
Around 275,000 migrant labourers and their family members have returned to the state. According to the state government, this number could exceed 1 million by the end of this month. As the NDA government in Bihar is scheduled to face polls at the end of this year, providing livelihoods to these people is on the top Chief Minister Nitish Kumar's agenda.
India's new policy commission has received a makeover and a dream team has been formed to head the Think Tank, NITI Aayog.
In a video issued by the Health Ministry, Dr Randeep Guleria, Director of the All India Institute of Medical Sciences (AIIMS) answered commonly asked questions regarding the dosage of the vaccine saying that two doses of the vaccine will have to be taken 28 days apart and protective levels of antibodies generally would develop two weeks after the second dose.
For states like West Bengal, Bihar, Odisha, Jharkhand and Uttar Pradesh, where migration is high, the return of workers could be as much an opportunity as a liability. All states have launched portals to register migrant workers; additional fields like nature of employment and remuneration in the past 2-3 years are being added to help in skill mapping.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
This will, of course, go a long way in meeting the promised fiscal deficit target of 3.6 per cent of GDP in 2015-16.
An ex gratia of Rs 2 lakh will be given per person to the next of kin of those killed in the floods.
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
With India poised to become the largest economy in the world by 2030, it cannot afford to leave half of its workforce behind.
The attorney general told the apex court that the invasion of privacy was very minimal in Aadhaar and it may not even be considered as an invasion.
Lalgarh, once a nerve centre of Naxal insurgency in West Bengal, now represents a different place.
The IMD has said temperatures in most parts of the country from March to May would be 'above normal'.
The formula for success of farm economy is very simple -- farmers should be able to produce more from the same piece of land at reduced cost while minimising risk and be connected to market to get higher realisation for their produce, points out Siraj Chaudhry.
Kanika Datta explains why the Modi sarkar is gunning for non-profit organisations
The BJP would want that by March 2022, when UP votes, the economy starts looking up and it heads into the polls with no other issue distracting from its main poll plank of the construction of the Ram temple in Ayodhya.
K C Venugopal (Congress) charged the Modi government with providing little funds for the MGNREGA.
The notion that the BJP gained its increased tally by wiping out the Left parties and the Congress is completely misleading. Equally misleading is the belief that the TMC held its ground in all its existing seats. A little more than a fifth of the seats Mamata Banerjee's party had won in 2016 was lost to the BJP this time.
In a hard-hitting attack on Bharatiya Janata Party's prime ministerial hopeful Narendra Modi on his home turf, Rahul Gandhi on Tuesday accused his government of "stealing" farmers' land and charged the BJP with appropriating credit for schemes launched by the Congress-led United Progressive Alliance.
A joint forum of central trade unions has given a call for a nationwide strike on March 28 and 29 to protest against the government policies affecting workers, farmers, and people.
If Narendra Modi could tame his obsession with the Congress and the Nehru-Gandhi family, Arvind Kejriwal resist polishing his halo and Rahul Gandhi find his voice, we could begin a debate about the future of this country that actually addressed the seriousness of its problems, says Rahul Jacob.
Experts say the new security features will significantly ensure there is no 'large-scale theft of people's identity'.
'In May 2020-2021, nearly 10 crores (100 million) lost jobs. 'Covid is not the reason for the present crisis. It aggravated the crisis.'
Gandhi accused BJP of re-inaugurating projects launched by the UPA dispensation.
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
Finance Minister Arun Jaitley more than halved the central government's financial support.
Modi Sarkar will not stand on ceremonies even if that means stepping on the Constitution, says Udit Misra.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
The Aadhaar-enabled payment system, or AEPS, allows consumers who don't have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and obtaining a mini statement through biometric authentication at micro-ATMs.
