'The disquiet in the Sangh is, of course, over demonetisation.' 'But more than that, it is about the growing centralisation in the running of the government and party,'
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
'We completed Rs 17 trillion worth of projects in the first term and currently Rs 9 trillion worth of contracts are under construction.'
The most serious recommendations to change the financial year came in the years preceded by deficient rainfall. The Jha committee was formed after droughts in 1979-80 and 1982-83, reports Rishika Pardikar/IndiaSpend.
Prime Minister Narendra Modi has blamed private sector of still being stuck with "legacy issues" like tax terrorism and selective exemption.
More than 30 vaccine candidates have been supported and they are in different stages of development. Three candidates are in advanced stage of Phase I, II and III trials, and more than four are in advanced pre-clinical development stage, Choubey said.
The council wants the government to stick to its fiscal consolidation road map.
'The next fiscal year will be a good one.'
The procurement and distribution will be centralised though the government is yet to take a call on the initial number of doses that will be procured.
India worked in close partnership with the World Bank to improve its position, says NITI Aayog CEO Amitabh Kant.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
Existing trade deals, especially the 2009 pact with the Asean bloc, have been panned by the Centre for not boosting exports but flooding the domestic market with cheap imports. Subsequently, New Delhi has called for reviewing FTAs with Japan and South Korea. Going by that, a trade deal with the US is unlikely to be beneficial, say experts.
About 50 lakh people have registered themselves on the Co-WIN portal, without any system glitch, since the window opened Monday morning, the Centre said Tuesday, adding that over 2.08 lakh beneficiaries above 60 or those aged 45-60 with comorbidities have received the first dose of COVID-19 vaccine till this afternoon.
To mark Prime Minister Modi's seventh meeting with Obama and his historic joint address to US Congress -- the sixth Indian PM to do so -- India Abroad, the newspaper published from New York and owned by rediff.com, reached out to diplomats and strategic thinkers in New Delhi and Washington, DC, to assess the current state of the US-India relationship and suggest a road map for the future.
If the prime minister says clearly there is going to be no NRC and that the Census will drop the NPR questions, the Census will proceed. He will not, observes Aakar Patel.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
While Covishield supplies would meet the target of 500 mn doses between August and December, it looks like Covaxin would miss the target of 400 mn unless the partner sites of Bharat Biotech ramp up very rapidly, reports Sohini Das.
Some of the Congress's new-found enthusiasm for hitting the streets will show its result in the Gujarat, Himachal Pradesh, and Karnataka elections. That is when we will know if the Congress will go to the regional parties or the parties will come to the Congress.
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
'We have to think of the repercussions if public sector banks are privatised and if they go to foreign hands.'
He said no matter how much evolution happens in technology, India could never become a fully cashless economy.
The meeting comes against the backdrop of rising number of coronavirus cases in the country.
Amid a brewing political storm in Bihar, the opposition Rashtriya Janata Dal on Monday said it was ready to "embrace" Chief Minister Nitish Kumar and his Janata Dal-United if he broke ranks with the Bharatiya Janata Party.
The railways' first such COVID-19 care centre was deployed at Shakur Basti railway stations in Delhi on May 31. It consisted of 10 coaches with a capacity of 160 beds. The coaches can be used for very mild cases that can be clinically assigned to the coronavirus care centres according to guidelines issued by the health ministry.
CII has also called for tax incentives for new health care projects and import duty relief for lifesaving equipment.
While the Opposition is making a belated effort to form a joint front against the BJP, Mamata's ambiguous stand has created confusion, observes Virendra Kapoor.
Apart from the 1.1 crore doses of Covishield being procured from the Serum Institute of India, 55 lakh doses of indigenously developed Covaxin were being obtained from Bharat Biotech, Union Health Secretary Rajesh Bhushan said at a press conference.
India moving in right direction on GST, says Panagariya.
Modi to push for low transaction cost for remittances at G20
The number of hotspot districts comes down to 129 from 170 in a fortnight. But the number of infection-free districts or green zones too decreased from 325 to 307. During this time, the number of non-hotspot districts, also known as orange zones, increased from 207 to 297.
According to a study done by Singapore University of Technology and Design Data, coronavirus will 100 per cent end across the world on December 8.
Economists want the government to focus on jobs, farms, and fiscal consolidation. They also favour re-imposition of the long-term capital gains tax on listed securities and mutual funds.
DMK working president and Opposition Leader MK Stalin, who pressed the Centre to immediately promulgate an ordinance to hold the sport and that AIADMK should also press Centre for it, said that "Tamils will not forgive" the two if such an urgent step was not taken.
Ajit Balakrishnan on how to arrest a worldwide decline.
Banks shall not charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1,000, the order said.
Currently, the country is using two 'made-in India' jabs -- Covishield and Covaxin -- to inoculate its billion-plus population and has administered 20 crore doses since launching the world's largest vaccination drive in mid-January. A third vaccine, Russian-made Sputnik V, has been approved by the government and is being used on a smaller scale at present.
Ola Electric became the latest among electric scooter (e-scooter) makers to have started the exercise of recalling a specific batch of its model after a rap on the knuckles by the government. Union Minister of Road Transport & Highways Nitin Gadkari on Thursday advised electric vehicle (EV) companies to act responsibly by identifying and recalling defective batches without waiting for orders or guidelines from the ministry. The Bengaluru-based start-up is conducting pre-emptive diagnostics and health check on 1,441 scooters, it said in a statement on Sunday.
Accuses foreign-funded competition of 'capital dumping' to capture market, bats for stronger regulations for sector.
The chief minister also said that all 72 lakh ration card holders in the city will be provided free 10 kg ration this month.
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