India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, a high magnitude of El-Nino impact, and modest trade activity and FDI inflows, are factors that could constrain the pace of growth. "Should these developments deepen and dampen growth in the subsequent quarters, the external sector may challenge India's growth outlook for FY24," the finance ministry said.
A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.
'It is a well-thought-out decision. I feel it is difficult for him now to step back.'
The Taliban dispensation in Afghanistan has said that India will resume work in at least 20 stalled projects in several provinces across the war-torn country.
'When there are no good roads and no buses plying to villages, your spending on development is skewed.'
The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.
Five days after the induction of 18 ministers into his cabinet, Maharashtra Chief Minister Eknath Shinde on Sunday allocated portfolios, keeping Urban Development and 11 other ministries with himself, while giving the crucial Home Department to Deputy CM Devendra Fadnavis.
The 'Smart city' programme is in danger of becoming cosmetic - creating showpieces instead of addressing endemic urban problems.
SmartCity project is in advanced stage.
The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.
Was it Uddhav's back-seat driving of Shinde's ministry Did Shinde feel slighted by Aaditya Thackeray's rapid ascent in the Shiv Sena? Was his spat with Sanjay Raut on Monday the last straw?
The new scheme may be announced before the Lok Sabha elections.
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India's Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
Urban ministry changes rule before public consultation by environment ministry
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
Key infrastructure sectors -- from railways to power, and from coal to petroleum -- will not only be part of the achievements but promises too, as the BJP fights to get a third term at the Centre.
When the first flight arrived at Kushinagar airport on Wednesday, it was not Gota or Mahinda who stepped out, but another Rajapaksa. Namal Rajapaksa, Sri Lanka's minister of sports.
The report highlights that India's population in 2036 is expected to be more feminine compared to the 2011 population, as reflected in the sex ratio which is projected to increase from 943 in 2011 to 952 by 2036, highlighting a positive trend in gender equality.
Former Arsenal manager and world governing body FIFA's current chief of global football development, Arsene Wenger will play a role in Indian football's grassroots programmes and talent development.
As Chandigarh braces for a fierce contest between Congress candidate Manish Tewari and the BJP's Sanjay Tandon, its industry leaders harbour a fervent wish: Replicate the success of the National Capital Region model in this Union Territory.
Prime Minister Narendra Modi on Friday launched the second phase of the Swachh Bharat Mission-Urban and Atal Mission for Rejuvenation and Urban Transformation.
Smart city projects to be launched in June, other housing schemes to follow.
The Delhi government will identify single-use plastic littering hotspots and the entry points of such items into water bodies and drains by October 31 this year, according to a draft action plan for the elimination of the environmentally hazardous products.
'Disengagement is merely the first step in a lengthy process of arriving at a new normal along the LAC in Eastern Ladakh and the entire land boundary.' 'The Indian government should insist on the restoration of the status quo ante in Eastern Ladakh.'
Can Congress keep Akbar Road HQ two yrs since notice?
Minister for Urban Development S.Jaipal Reddy Union on Wednesday said that the Delhi Metro is the proudest achievement of modern India. He further mentioned that the ministry has taken some important decisions relating to urban transport to help the daily commuters and ease traffic congestion.
The government on Wednesday spurned the demands for renaming Akbar Road as Maharana Pratap Road, saying "naming and renaming of streets was not on the agenda".
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
The Parliamentary Standing Committee on Urban Development has called top officials from the ministry to brief it on the role and performance of various agencies under it in implementing the Games-related projects.
Kamal Nath on Thursday took over as Urban Development Minister with an ambitious plan of giving a boost to urban transportation for which he intends to expand Delhi Metro network to make it bigger than its London counterpart by 2017.
The 28 new ministers who joined the Chouhan cabinet on July 2 include 20 of cabinet rank and eight ministers of state.
'The government should come back as a job creator as it did in the 1960s and the 1970s.'
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
The government on Monday earmarked a substantial amount to the Urban Development Ministry for spending on extension of Metro networks in Delhi, Bangalore and Chennai in the Budget 2011-12.
A post-retirement residence for President Pratibha Patil has been finalised in Pune by the government, after she had to give up an accommodation following a controversy.
15-20 cities are expected to get selected for development.
It is for the first time in the history of Independent India that not a single Muslim is part of the Union Cabinet.
Sanitation is always clubbed with other departments, which lead to its neglect, says Devanik Saha.
According to the list being finalised by the Central Public Works Department, about 10 politicians and senior bureaucrats, who have been found violating building norms in the LBZ, may get relief from the Urban Development Ministry. The ministry will grant the relief to VIPs like former Deputy Prime Minister and senior BJP leader L K Advani, Union Ministers Suresh Pachouri and Kumari Selja, former Governor of Maharashtra P C Alexander and IB Director P C Haldar.
The top court had on March 4 directed the party to vacate its office by June 15 after noting that the plot was allotted to the Delhi high court for expanding judicial infrastructure.
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