New filers reported an average income, in many cases, close to the income tax threshold of Rs 250,000, limiting the early revenue impact.
'If some measures are implemented quickly, they can help revive growth.'
At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
Brokerage firm Nomura said inflation levels in India are close to post global financial crisis lows, and also retained its positive stance on Sensex.
Sinha, a former finance minister, hogged the limelight and started trending high on social media on Wednesday after he criticised his own government for sinking economy in an article.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
'Modi's advent has made the mass of Indians realise that there was absolutely nothing wrong or objectionable in proclaiming nationalism as the masthead of the polity and Hinduism as its centerpiece,' says B S Raghavan, the distinguished civil servant.
Shastri took the first big step to transform India's agriculture, the benefits of which his successors reaped in plenty, says A K Bhattacharya.
Jaitley's Budget has the potential to change the face of Modi's Bharat
"In terms of local taxes, in terms of local small business productivity, local large business competitiveness, their educational outcomes, their entrepreneurial work, that's what matters," the Microsoft CEO said.
Once ISRO masters the technology to send humans into space, the next step will be experimenting with technologies allowing humans to live in space.
Experts say it will make GDP growth target of 5.7-5.8% difficult to achieve, while ministries feel late resurgence will help in sowing of rabi crops.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
The UID number should have age, breed, sex, lactation, height, body, colour, horn type, tail switch and special marks details of the animal, the Centre said.
After launching a book on experiences of Naidu during his first year as vice president of India and chairman of Rajya Sabha, Modi said he always provides visionary leadership whenever he gets a responsibility.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
Developed nations want the WTO to discuss new issues.
The Budget chose to stick to an ambitious disinvestment programme for 2016-17.
A political party's manifesto is the first stage of building a compact with the voters in any governance plan. If that compact is dependent on a document that reeks of fiscal imprudence and lacks credibility, it is a serious setback to the country's democracy and governance, says A K Bhattacharya.
IFFCO beat competition from among the 523 cooperatives from 30 counties that were surveyed for the agriculture and food industries sector.
Nanotechnology has remarkable applications in a variety of spheres, including agriculture, animal husbandry and natural resources management.
The NDA government was initially reticent about fleshing out its economic strategy for the future. But now that it has taken enough bold initiatives on the economic front it must have the confidence to tell us more about its approach going forward, says Abheek Barua.
It's time we remembered the fundamental: water cycle and life cycle are one.
A quick scan of prime ministerial speeches at the PBD going back to 2009, another election year, reveals no political utterances by either Modi or his predecessor, Dr Manmohan Singh.
Besides, the government would also undertake and promote steps for water conservation and curbing extraction of underground water, which is depleting the water table and is a matter of concern, the minister said.
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
Nepal has suffered a loss of up to USD 10 billion in the devastating earthquake and the subsequent aftershocks that rattled the Himalayan nation, the government said on Friday, as it appealed to donors for long-term support for bringing the country back on track.
On the back of ongoing reforms and stress on manufacturing, India. he said, can look for much bigger share in global exports.
The RBI expects change, presumably commencing in the next Budget, but must hold its current view until this actually happens.
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.'
On a visit to India in 2013, writer Ved Mehta -- who passed into the ages on Sunday January 10, 2021 - gave Rediff.com's Vaihayasi Pande Daniel a rare glimpse into his state of mind and what he thinks of the changes he encounters in his motherland.
"India's economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18," says the year-end update of the flagship report Economic and Social Survey for Asia and the Pacific 2016 of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
Over 15 years, with seven per cent growth, the Indian economy will be three times bigger.
Worse still, the cities ranked second, third and fourth for their poor air quality are also in India.
A Narendra Modi administration would believe more in decentralisation than would a Rahul Gandhi administration, says Arvind Panagariya.
'It's the first-ever US presidential visit which is specially planned for India.' 'The standalone visit itself has achieved something already. Don't underestimate it.' Sheela Bhatt gives us an exclusive glimpse of what the Modi government hopes to achieve from Trump's visit.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
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