'There is still scope for selective stockpicking.'
The focus is likely to be on consolidation and improvement of existing rural-centric programmes to ensure their completion ahead of the next general elections in 2019, rather than announcement of new schemes. Sanjeeb Mukherjee and Arup Roychoudhury report.
The impact of economic slump was visible in the Budget's fine print, as this step-by-step explanation show how the Budget math was worked out, reports Abhishek Waghmare.
But increase in the statutory contribution will boost retirement corpus
"This is part of our policy to empower minorities with dignity and without appeasement," Naqvi said.
Announcing the cabinet decision, Union minister Prakash Javadekar also said the President, the Vice President, Governors of states have also voluntarily decided to take a pay cut as a social responsibility.
He also emphasised on the need for saving water and planting trees to preserve the environment.
"The Congress believes in the politics of appeasement and dynasty, whereas BJP follows politics of performance," Shah said.
According to officials aware of the matter, restarting the project could mean inviting the court's 'contempt' as the case -- in which the Supreme Court has held that biometric identification cannot be a criterion for a citizen's access to welfare -- has still not been closed yet.
Six months after the lockdown was imposed, two dozen migrant workers were interviewed across five villages of Prayagraj. As the economy opens up, most of them are either hunting for a job or desperately waiting for a phone call from their previous employers. But the bruises of the lockdown are still fresh in their minds. Somesh Jha reports.
The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.
India's cities must switch over to piped gas leaving LPG cylinders.
The chief minister also said that all 72 lakh ration card holders in the city will be provided free 10 kg ration this month.
'The road ahead for the government's fiscal management will be full of many new challenges,' warns A K Bhattacharya.
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The scheme was launched in 2012 in collaboration with three Oil Marketing Companies and Union Ministry of Petroleum and Natural Gas for which Delhi Government had incurred an expenditure of Rs 62 crore (Rs 620 million).
Modi said bribery was not possible as the money was transferred directly into accounts of the beneficiaries.
The new rates will be effective from May 9.
If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
Govt expects to save Rs 10,000 crore through this move.
Congress leader Rahul Gandhi alleged that Modi's move was aimed at helping a few of his 'crony capitalist friends' and had 'destroyed' the Indian economy, prompting a strong response from the BJP which said the exercise was an 'attack' on corruption and black money that were rampant during the 'lost decade' of the Congress-led United Progressive Alliance government.
Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India's economic recovery, but won't derail it, as it kept the sovereign rating unchanged at 'BBB-' with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21. Fitch had in June last year revised outlook for India to 'negative' from 'stable' on grounds that the coronavirus pandemic had significantly weakened the country's growth outlook and exposed the challenges associated with a high public debt burden.
With the Supreme Court ordering Kolkata Police Commissioner Rajeev Kumar to appear before the Central Bureau of Investigation, the agency will finally be able to question the top cop in cases arising out of the Saradha chit fund scam probe.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
Twenty children, selected for this years bravery awards, today had a lifetime experience at the Rashtrapati Bhavan with President Pranab Mukherjee interacting with them and posing for a photograph.
Besides criticising CM Arvind Kejriwal on scores of issues, Shah alleged the AAP government made only promises throughout its tenure and now in the last three months, public money was being spent on advertisements for its announcements.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
Economists Maitreesh Ghatak, Parikshit Ghosh and Ashok Kotwal challenge the prevailing view that the diminished electoral prospects of the United Progressive Alliance government is the result of neglecting growth to launch populist welfare schemes. They look at a wide range of economic indicators to argue that compared to the National Democratic Alliance regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital inflows, and increased infrastructure spending in partnership with private capital.
While Prime Minister Narendra Modi's Ayushman Bharat health care scheme is just a slogan for the moment, it is the state's Mukhyamantri Amrutum health assurance scheme which is a comforting reality for many.
'Unlike past governments, we never protect or save criminals.'
The CJI said that absence of timely legal help to poor affects credibility.
"India is not a country to lose courage. We will fight and win," he said.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
The finance ministry has appointed a Pension Fund Regulatory and Development Authority, which will soon roll out a National Pension Scheme for the informal sector or for whoever wants to join.
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Access to private hospitals is a costly affair.
Officials cited the example of the Sixth Pay Commission.
#GiveItUp but no matching LPG connections for BPL
The UK has initiated moves to scrap the controversial 5 billion pounds national Identity Card scheme, with the new Home Secretary Theresa May declaring it "intrusive, bullying and ineffective."
The National Housing Bank has launched a new scheme called the reverse mortgage through which you can get the money for your home that too without selling it.
The DMK feels its genuine gestures have had no bearing on the governor's politico-administrative conduct, which is 'more political and politicised than administrative and Constitutional', observes N Sathiya Moorthy.
Addressing a rally in Karkardooma in east Delhi, Modi alleged that the AAP and the Congress were provoking people and misinforming them. They were keeping the Constitution and tricolour in the forefront, but the aim was to 'divert attention from the real conspiracy', Modi said ahead of the Delhi elections on February 8.
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