Sitharaman continues with the tradition she set in 2019, carrying the budget speech in a 'bahi-khata', which she used after dropping the briefcase tradition.
India has managed high government debt-to-GDP, a slowing domestic revenue engine, lower household savings and a more hostile geopolitical environment separately in the past. But together, they threaten to undo the growth narrative on which today's optimism rests, warns Debashis Basu.
'The financial situation of Tamil Nadu is much worse than it was in 2016.' 'The finance minister's is a horrendous job.' 'I am certainly not going to ask for it.'
Annapoorna chain of restaurants owner Srinivasan is seen purportedly highlighting concerns over varying GST rates. In the second video, Srinivasan was seen purportedly apologising in person to the Finance Minister.
The Khelo India Youth Games 2023 scheduled between January 19-31 will have competitions held across four cities- Chennai, Trichy, Madurai and Coimbatore.
Kuwaiti authorities are conducting DNA tests on the bodies of those killed in the devastating fire incident in southern Kuwait's Mangaf area and an Indian Air Force aircraft is on standby to bring back the mortal remains of Indians killed in the incident, officials said on Thursday.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
Most deaths were due to smoke inhalation while residents were sleeping, and a significant number of occupants were evacuated, they added. The fire started in a kitchen in the six-storey building in the Mangaf area in Kuwait's southern Ahmadi Governorate, officials said, adding that the building reportedly had 195 people living in it, who are workers of the same company.
Talking to reporters after paying a 'courtesy call' on Chief Minister M Karunanidhi at the latter's Gopalapuram residence in Chennai, he said the Centre would fund the project in Tamil Nadu on the lines of the financial assistance extended to the metro rail projects in Bangalore and Hyderabad.
Stalin, in an interview to a daily, has refuted the FM's allegations, saying "everyone present in the Assembly knew it was a drama enacted by herself," referring to the late Jayalalithaa.
Union Finance Minister Nirmala Sitharaman on Tuesday said the mass consumption items such as pulses, wheat, rice, flour, and curd will not attract the 5 per cent goods and services tax (GST) when sold loose, and not pre-packed or pre-labelled. The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise. The all-powerful GST Council, chaired by the Union minister, had last month decided to impose GST on some mass consumption items to simplify the rate structure, which came into effect on Monday.
Tamil Nadu Chief Minister M K Stalin's Cabinet, including him, would be 34-member strong and he has retained senior leaders like Duraimurugan and over a dozen shall be ministers for the first time.
What some of our leaders were up to on Thursday and Thursday.
With the world's worst pandemic outbreak scarring nascent economic recovery, the government may at the beginning of the unlock phase announce another stimulus package for the most hit sectors such as small business and self-employed, Bernstein said. The brokerage in a note said its macro index suggests a deterioration in economic activity during April/May. "Energy consumption has moderated, with power down over 4 per cent and oil consumption down over 16 per cent in May so far (all 2-year CAGR). "E-waybills are down 16 per cent, suggesting the impact of scale down in factory production for some product categories, owing to the shut down in retail outlets.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Kaviya Maran is the co-owner of the Sunrisers Hyderabad team.
Heeding to demands made by several states, the GST Council on Friday put on hold a decision to hike the tax rate on textiles to 12 per cent and referred to a panel of state ministers to recommend rate by February, Union Finance Minister Nirmala Sitharaman said. The panel, the highest decision-making body for indirect taxes, met under emergency provisions after states made a request for deferring the tax rate hike on textiles, from the current 5 per cent, to be effective from January 1, 2022. Currently, the tax rate on manmade fibre (MMF) is 18 per cent, MMF yarn 12 per cent, while fabrics are taxed at 5 per cent.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
The government on Friday said 175 additional radio stations would be operational across the country by the end of the current year.
Jaitley insisted the new central notification will not interfere with state laws on slaughtering animals.
The Budget allocated an increase in allocation for MGNREGS, LPG expansion, electrification & smart panchayats.
India's K Jennitha Anto was crowned the new World Chess Champion for disabled after winning the 13th IPCA World Women's Individual Chess Championship.
The Supreme Court on Friday ordered mediation to settle the Ram Janmabhoomi-Babri Masjid dispute by a three-member panel comprising of Justice Kalifulla, advocate Sriram Panchu and spiritual guru Sri Sri Ravishankar. The panel has been given eight weeks by the Supreme Court to arrive at a conclusion and four weeks to give a status report. Here's all you need to know about the panel of mediators:
We should work in unison to boost growth: FM
According to the draft, in the northeastern states the threshold is at Rs 500,000.
A Ganesh Nadar/Rediff.com attends Finance Minister Nirmala Sitharaman's presser in Chennai to tom-tom the government's achievements in its first 100 days in office.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
'Elections, my friends, are a boon for the Indian people.' 'That is the only time our high and mighty leaders are accessible to the masses.' 'So don't ruin that by agreeing to once-in-5-years elections,' argues A Ganesh Nadar.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.
Surat houses more than 650,000 powerlooms. Of this, at least 60 per cent have been shut since a month, a loss of Rs 900 crore, finds out Vinay Umarji.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
A summary of sports events and sports persons, who made news on Monday
For any proposal to be cleared, it has to get 75% of the vote.
The man who led this journey is 50-year-old Kalanithi Maran, chairman and managing director of the Sun Group.
With the home ministry rejecting the renewal of broadcast licences to Sun group, is it end of the road for Maran brothers? R Ramasubramanian reports from Chennai.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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