While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the same as last year, when it touched a decadal low, for FY22 a ratio of 10.7 per cent has been assumed, an average of the last five years.
'The hackers' objectives were centred around smearing India's reputation, causing productivity loss, creating operational damage and seeking financial gains.'
We import from China not because we love China, but because they sell us these things at cheap prices, points out Rathin Roy.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
'The projects that the government started to bring within Goa were totally anti-Goa and anti-people.' 'Can anyone describe a project as development when it is going to cause wanton destruction of people's houses, their surroundings and livelihoods and destruction of forests?'
The party says it has trained over 1,00,000 workers in the last one year.
Modi said his government has taken 'historic' decisions and the nation progressed rapidly in the last one year, even as he acknowledged that there is a lot that needs to be done and many challenges and problems face the country.
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
AAP national convener Arvind Kejriwal also challenged the BJP to announce its chief ministerial candidate by 1 pm Wednesday and said he is ready for a public debate with him.
'At a time when the economy is depressed, a pandemic is raging, and the Chinese are making noises on the border, the NRC could be resuscitated.'
On reforms in pipeline, she said the government is for universal right to minimum wages and wants to remove regional disparity through a national floor wage.
In the short term for next five years till 2020, the sector is likely to attract nearly $250 billion.
In an apparent dig at the Aam Aadmi Party over its poll pledge to reduce power bills, Prime Minister Narendra Modi on Sunday wondered how such promises could be made by political parties in states which are dependent on electricity supply from outside.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
Despite its aggressive renewable energy policies, Europe's economy is getting more not less dependent on oil. Cars are the reason.
The current crisis has forced the government to announce measures to ensure that India becomes self-sustaining for any kind of bulk drug. The government says India will not depend on any other country for vital key ingredients for drugs within six years, reports Sheela Bhatt.
It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.
Regardless of how the stalemate ends, the government needs to learn that regardless of its parliamentary strength it cannot take people for granted. A little bit of humility would do it a lot of good, recommends Virendra Kapoor.
Investment in infrastructure was necessary for the economy, as power shortages, inadequate transport and poor connectivity affect overall growth performance, as per the Economic Survey 2019-20 tabled in Parliament by Union Finance and Corporate Affairs Minister Nirmala Sitharaman. "To achieve GDP of USD 5 trillion by 2024-25, India needs to spend about USD 1.4 trillion (Rs 100 lakh crore) over these years on infrastructure so that a lack of infrastructure does not become a constraint to growth," it said.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
The development of the Rih-Tiddim road and establishment of numerous rural "haat" (flee markets) along the Mizoram-Myanmar border would also increase the trade volume, Modi said while addressing a public meeting at the Assam Rifles ground here after inaugurating the 60-MW Tuirial hydro-electric power project.
'Nirmalaji's Budget announcements have long-term implications and are not backed by enough money when the short-term outlook looks bleak,' notes T N C Rajagopalan.
The US has the distinction of destroying a flawed but functioning State thrice since 1979. Pakistan has been their constant accomplice, explains Shekhar Gupta.
'Why do politicians ask for votes if they cannot rehabilitate us? Where do we go -- to the footpath?'
A government that confuses PowerPoints for policy is delaying structural change too much.
ICT products make up a minuscule $ 407 million, out of the $ 35.54 billion of total inbound shipments from the US, as of now.
'In the long run, the boost to farmers' incomes must come from technological breakthroughs,' says Pratap S Birthal and Digvijay S Negi.
Expressing confidence about his party coming back to power in 2019 Lok Sabha polls, BJP chief Amit Shah said that his party will rule the country for the next 50 years.
'It is in electronics that the gap between where we are and where we need to be is most obvious and most persistent.' 'It is not only a national security issue, but also a commercial issue,' argues Rajeev Srinivasan.
The decision would help provide ease of doing business and also lead to larger FDI inflows contributing to growth of investment, income and employment.
'If some measures are implemented quickly, they can help revive growth.'
'I was present at a meeting where he decided to permit the IAF to strike at Pakistan positions in Kargil, with the caveat that they should not cross the LoC.' 'Confident that the Indian Army would succeed, Mr Vajpayee was positioning himself to tell the world after the Kargil conflict was won that India did not violate the 'sanctity' of the LoC,' recalls Ambassador G Parthasarathy, who served as India's envoy in Islamabad in that eventful year, 1999.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Be it automobile, health care, retail such as e-commerce, electricity or other utilities, everything will get disrupted and transformed over next 30 years.
Targeting opposition parties, Adityanath alleged the agricultural land on which tribals used to practice traditional agriculture was registered "in the name of a Congress leader in a wrong way in 1955". He also claimed that the village head and his brother involved in the incident were associated with the Samajwadi Party.
'Decisions on nuclear power have so far been taken by a small select group, primarily interested in profiteering from their actions, stating 'secrecy' as necessary from the national security point.' 'This argument is false, because we are dealing with the 'civilian' nuclear power sector, which is open even to the IAEA,' says Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
'The answer for a quicker boost to growth is simple -- run a much larger deficit, use the resulting public resources to ensure adequate price support for agriculture, subsidise wage costs of MSMEs and accelerate public sector construction-intensive activities,' advises Nitin Desai.
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