The government last fiscal missed its direct tax collection target, and for this financial year it has set a higher revenue mobilisation goal of Rs 13.80 lakh crore.
India must be prepared to deal with climate disasters, geopolitical confrontations, and social strife linked to global events, asserts Jayant Sinha, chairman of Parliament's Standing Committee on Finance.
Economist Arvind Panagariya is the vice-chairman of NITI Aayog, while economist Bibek Debroy and scientist V K Saraswat are the two full-time members of the Aayog.
The Y V Reddy-headed commission said the states should use extra fiscal space for productive assets
The BJP would want that by March 2022, when UP votes, the economy starts looking up and it heads into the polls with no other issue distracting from its main poll plank of the construction of the Ram temple in Ayodhya.
The Budget has stuck to annual increases in agri credit targets.
The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. While the net tax revenue rose from Rs 5,75,697 crore in October 2020 to Rs 10,53,135 crore till October 2021, a growth of 82.93 per cent annualized, total expenditure rose only by 9.95 per cent, led by infra spending to Rs 18,26,725 crore from Rs 16,61,454 crore during the same period, the RBI said in the financial stability report.
Congress vice president says people now laugh at Modi's promise of 'achche din'.
For states like West Bengal, Bihar, Odisha, Jharkhand and Uttar Pradesh, where migration is high, the return of workers could be as much an opportunity as a liability. All states have launched portals to register migrant workers; additional fields like nature of employment and remuneration in the past 2-3 years are being added to help in skill mapping.
The finance minister said the economy had been slowing.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
Lalgarh, once a nerve centre of Naxal insurgency in West Bengal, now represents a different place.
Weather forecasts have notoriously large error margins.
The Supreme Court on Friday asked the Centre to release funds for MNREGA and to pay compensation to farmers in drought-affected areas.
The loss in Bihar has forced a change in NDA's market positioning, says Shekhar Gupta.
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
'There is no money with the villagers as there is little work.'
An interplay of Modi government's outreach in Bihar and the sequence of events in Chirag Paswan's life could make Bihar a game of musical chairs when the results are out.
'The road ahead for the government's fiscal management will be full of many new challenges,' warns A K Bhattacharya.
The finance minister has stayed true to her commitment to fiscal consolidation, even though the pace of the decline in the deficit could have been faster, notes A K Bhattacharya.
A programme that endeavours to graduate the poorest people could have seminal implications for Prime Minister Narendra Modi's government.
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
'Make sure you provide enough support (income, nutrition, healthcare, and housing) to migrants stuck (and their households), so they are not compelled to seek work or migrate back.' 'Otherwise, the risk of contagion is extreme.'
One solution to India's challenges of education, employment, employability lies in state governments adopting apprenticeships on a large scale.
80-85 per cent of about 700 major infrastructure projects within the Centre's domain have been delayed.
'There is no food to eat and water to drink and people are migrating in hordes.' 'Chief Minister Fadnavis must shift his base to Marathwada in such times.' 'If you do not help during a drought, then when will you help?'
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
The plan includes step-wise expansion of a crucial credit guarantee net, establishment of an unprecedented number of functional clusters and increased government procurement from MSMEs.
'What should surprise BJP supporters is Modi's call for 'stability' at the manifesto launch, a theme that he and his team members had not touched ahead of the Lok Sabha polls in 2014 and 2019.' 'The last time the party called for 'stability at the Centre' was in 1998 and 1999,' recalls N Sathiya Moorthy.
In its third video uploaded on YouTube, RIL said the Cabinet had decided on June 27, 2013, to revise natural gas prices for public and private producers from April 1 and notified the decision on January 10, about two months before the schedule for general elections was announced on March 5.
The notion that the BJP gained its increased tally by wiping out the Left parties and the Congress is completely misleading. Equally misleading is the belief that the TMC held its ground in all its existing seats. A little more than a fifth of the seats Mamata Banerjee's party had won in 2016 was lost to the BJP this time.
Budget for 2022-2023 has returned to its agenda for protectionism in the name of creating a self-reliant India, points out A K Bhattacharya.
India might be heading towards a "serious livelihood crisis" as the situation seems to be worse this time for the working class amid the COVID crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze. In an interview to PTI, he also said the government's target to make India a $5 trillion economy by 2024-25 was never a "feasible target" and was just to pander to the "super-power ambitions" of the Indian elite. About the impact of the second wave of COVID on the Indian economy, the eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.
Targetting Prime Minister Narendra Modi over his 'failure' to bring back black money in 100 days after coming to power, former Bihar chief minister and senior Janata Dal-United leader Nitish Kumar on Thursday asked the former to explain to the people of country about when the amount of Rs 15 lakh would be deposited in every bank account as promised by him.
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
'The Indian economy has been subsidised by the poor.'
Political economist Jayanta Roy Chowdhury analyses the 2016 West Bengal assembly election results.
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