Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
That's why he is now finally focusing on the two things that alone can help: Fiscal expansion -- from December onwards -- and supply management via amended laws and rules that affect business, notes T C A Srinivasa-Raghavan
The Sharif group's website claims they are worth $300 million in business and $100 million in real estate holdings
'The government has used the current macro situation to its advantage.'
At some stage this fall in the quality of life will begin to hurt anybody's popularity, observes Shekhar Gupta.
Women, if addressed properly, have the potential to become a decisive factor in elections.
'Frankly, India has no role to play.' 'This is a showdown between the US and NATO on one hand and Russia on the other.' 'That said, the outcome of this titanic struggle in Central Europe will remould the world order and affect India profoundly,' argues Ambassador M K Bhadrakumar.
'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.
'I was amazed at how tasty it was.' 'They did a good job with millets and lentils, which Mr Modi liked.'
Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.
"The Opposition's mahagathbandhan is an alliance of corruption, negativity and instability. The Opposition has 'dhanshakti' (money power), we have 'janshakti' (people's power)," the prime minister said.
'Their role model is Iran: high control of the citizens by the State.' In Iran it is Islamic control; in India, it will be Hindutva control.'
"Modi ji should apologise. There is no question of our apologising," he added.
'It is Bajrang Punia's personal decision to return the Padma Shri. The WFI polls were held in fair and democratic manner. We will still try to persuade Bajrang to reverse his decision to return Padma Shri.'
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
'The expectation was that Modi would become even bolder in his approach, and after only four months into his second term, we are starting to see evidence of this.'
The monsoon session of Parliament which saw many disruptions since it began on July 20 over the Manipur violence issue, is set to become more turbulent with the government likely to introduce a bill in the Lok Sabha to replace the Delhi services ordinance.
The new tax regime proposed by the Modi government may not have acceptance from all corners.
'If they are not, then the Modi government should order a JPC immediately.'
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
'At the heart of the strategic relationship between our countries are economic ties.'
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
Jaishankar, who arrived in Santo Domingo on his first official visit to the Dominican Republic, also said that India has seen a dramatic expansion in connectivity, contacts, and cooperation across the region.
'Muslims know they cannot defeat the BJP, why then come in its firing range?' 'And they know, ultimately it is the BJP MLA who is going to get elected and only he or she can do their work.' 'The BJP may do a different kind of politics for Muslims, but when they sit in the chair they work for Muslims too.'
"I have actually undertaken the maximum reforms but I have an enormous task ahead for myself."
PM's announcement were focused on those most affected by the note ban.
'They don't have a political strategy so they are going to try to deal with it purely as a law and order problem.' 'They will try to use the same strategy they have repeatedly used since 2014 in Kashmir.' 'Mr Modi has landed in a situation where he faces the possible prospect of not only being unable to Indianise Kashmir, but his actions may end up making the rest of India a virtual carbon copy of Kashmir.'
'Anyone familiar with Modi's track record will know he never forgets a slight, a betrayal,' notes Virendra Kapoor.
'People are trying to save money because of uncertainty and insecurity.'
With Donald Trump the appeal has to be to his business instincts in which his personal interests seem to play a significant role, says former foreign secretary Kanwal Sibal.
Greater autonomy, freedom to recruit faculty and government funding are just some of the perks these institutes will enjoy.
To unravel Khan's overseas business, one has to rewind to 10 years ago when Londoner Richard James Moore floated a real estate company called Winford Estates in Surrey.
Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.
The United States would handle the visa application of the Gujarat Chief Minister Narendra Modi as per the country's immigration laws, a top US diplomat said.
'Countries like Israel said openly that they will hunt people down. We have no such policy.' 'We have always been following the legal process of getting them (people wanted by India) through extradition.'
The acquittal of all 67 accused in the Naroda Gam case in which 11 members of a minority community were killed amounts to "murder" of justice and the verdict will only embolden rioters, said some of the survivors of the communal violence.
'India is going to maintain its ties to China, India is going to develop a strong relationship with the United States. It means that India is going to have the flexibility to pick and choose its friends.' 'That's traditional Indian foreign policy, and it's smart.' Former US ambassador to India Frank Wisner, one of America's sharpest minds on South Asia, tells Aziz Haniffa/Rediff.com what Washington can expect from Narendra Modi's visit.
'Do you want Tipu or Savarkar? Where should we send Tipu Sultan? What did Uri Gowda and Nanje Gowda do? In the same way he should be knocked out and sent off'
'You can't make the poor rich overnight.' 'Nor can you fly millions in planes.' 'But remember that word: Empathy.' 'Who in the BJP is speaking in that language to these millions?' 'Someone putting an arm of understanding, warmth, comfort around them?', asks Shekhar Gupta.
'The upper caste elite's belief that they are casteless is a belief that is available only to the upper castes. Because all the lower castes are reminded by society every day what their caste is.'
