'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.'
Raut said industrialists should be supported, but not corruption.
Finance Minister Nirmala Sitharaman on Wednesday said the National Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs (self help groups).
Elections may be a few months away, but the government may get into election mode much earlier than that, predicts A K Bhattacharya.
Opposition parties have slammed the decision to change the long-standing practice, alleging it was being done with an eye on the assembly polls in five states.
The aid to Nepal increased substantially from Rs 650 crore in 2018-19 to Rs 1,050 crore in 2019-20.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
'The Modi government is trying hard to see if it could be sold to a private airline.' 'But it appears there are no takers.' 'If no buyer comes forward by June, the government will close down Air India,' predicts A K Bhattacharya.
Home Minister Amit Shah on Sunday lashed out at opposition Indian National Developmental Inclusive Alliance (INDIA) parties over Dravida Munnetra Kazhagam leader Udhayanidhi Stalin's remarks against 'Sanatan Dharma', accusing them of insulting 'Sanatan Dharma' for votebank and appeasement politics.
Customs and excise duty rates have been amended mainly to promote Make in India.
The budgetary allocation for the sector is Rs 60,908.22 crore, with Rs 6,400 crore earmarked for the centre's flagship health insurance scheme Ayushman Bharat- Pradhan Mantri Jan Arogya Yojna (AB-PMJAY).
Yechury said the aim should be how to protect our economy from slowdown
Liquidity issues post the crisis at DHFL, progress of monsoon, rupee trajectory at the domestic level and oil prices are some factors that will keep markets choppy, analysts say.
'The BJP has everything to lose if it performs poorly in UP. It dreads a repeat of Bihar,' says Rajeev Sharma.
Prime Minister Modi made a strategic blunder of Nehruvian proportions -- presuming no war can happen now, and the Chinese won't be a military threat and risk their economic interests, observes Shekhar Gupta.
Sparks flew on the first day of the debate on the no-trust motion moved by the Congress with the Opposition on Tuesday asserting that it was forced to do so to break Prime Minister Narendra Modi's 'maun vrat' (vow of silence) on Manipur and the treasury benches hitting back saying it was a no-trust vote against a 'poor person's son' who has worked for the welfare of the people.
BJP's reversals in rural Gujarat has prompted many policy watchers to predict that the Budget would have incentives for the agriculture sector and the rural economy.
Railway Budget will be presented on July 8.
Sitharaman, who was giving her 2021-22 Budget Speech, started off by giving a special shout out to what the Indian team
The COVID-19 pandemic and the ensuing restrictions in mobility may result in a 75 per cent reduction in the budgetary allocation for foreign travel in FY22, a senior finance ministry official said. The government will cut "frivolous expenditure" when all the activities are going on in the virtual mode, joint secretary in the ministry of finance, Madnesh Kumar Mishra, said in an event organised by XLRI. It can be noted that the budget for the next fiscal is under preparations right now and officials are also having discussions internally and also with external stakeholders for suggestions.
Special status to Yoga by categorising its promotion as charitable.
The early tabling of the financial Budget ends a 70-year tradition.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
In spite of Budget's rural focus, the government has consistently stumbled in agriculture, says Shreekant Sambrani.
"Our armed forces represent India's diversity and the collective spirit of 130 crore Indians. Our forces are not only known for their utmost professionalism but also they are at the forefront helping people in times of crisis. Our forces are synonymous with trust," Modi said.
The Centre plans to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction.
Gandhi, who is usually flanked by senior party colleagues, was also greeted by both President Droupadi Murmu and Vice President Jagdeep Dhankhar.
The opposition parties will meet on Monday morning to evolve their strategy in both Houses of Parliament after protests by them on the Hindenburg-Adani issue overshadowed most of the first half of the Budget session.
The Budget session of Parliament is all set for a stormy start on Tuesday with major opposition parties planning to corner the government.
The Question Hour in Lok Sabha has been disrupted every day since March 13.
'The strategies outlined in Jaitley's Budget won't create the millions of jobs needed to dispel the despair and cynicism of militant youth in the Red Corridor running from Nepal to Tamil Nadu.'
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.
Bharatiya Janata Party (BJP) MP Nishikant Dubey on Wednesday wrote to Lok Sabha Speaker to move a breach of privilege motion notice against Congress leader Rahul Gandhi a day after his speech in Lok Sabha where he made certain allegations about Prime Minister Narendra Modi and his association with industrialist Gautam Adani.
A faltering economy may have led to a re-think on economic strategy. And Mr Modi might think he is politically strong enough to take some risks. But there could be a minefield ahead, observes T N Ninan.
The BJP calling the Congress a "torn old party" moving towards a stage where its relevance and necessity will be completely lost.
In the run up to the elections Narendra Modi kept telling us achche din aane wale hain. Far from that, Jaitley's Budget just seems to be more of the wohi raat aur wohi din, says Mohan Guruswamy.
Populism gains momentum during election periods, and this trend is evident in at least four states: Telangana, Rajasthan, Madhya Pradesh and Chhattisgarh.
Hitting out at Prime Minister Narendra Modi over the issue of tax cuts on petroleum products, Tamil Nadu Chief Minister M K Stalin on Thursday said people were aware of the fact behind the issue and pointed out at his government effecting a Rs 3 a litre cut on petrol earlier.
Congress president Mallikarjun Kharge on Wednesday said there was no question of an apology over Rahul Gandhi's remarks in the United Kingdom and that those demanding so must answer on Prime Minister Narendra Modi "humiliating" the people of the country with his comments abroad.
Speaking after interacting with gram panchayats and pani samitis/village water and sanitation committees (VWSC) on the Jal Jeevan Mission, Modi said the mission is not just about bringing water to people but it is also a decentralisation movement that is village and women-driven.
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