'You look with hope at a politician who comes along and promises to change all that: 10 million new jobs every year, no need to touch someone's feet to get an introduction to an employer. And fix the corrupt guys who have made the system what it is.' 'But five years later, the reality has changed little or not at all,' says T N Ninan.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
A vibrant financial system could can help finance those who wanted to create jobs.
He advised banks to facilitate appropriate credit expansion.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
Khan in his maiden speech at the 74th UNGA session suggested that nuclear-armed Pakistan may not have much of a choice if a conventional war were to break out between Pakistan and India which he described as a country seven-times its size.
The agency has predicted that monsoon will also be a major factor.
The need of the hour, as the Supreme Court readies to rule on the constitutionality of Aadhaar, is for the UIDAI to fix the bugs, says Geetanjali Krishna, in the second and final part of her series.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
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.
Indian Railways need a facelift, says Suresh Prabhu.
'The Budget will have to be substantially re-cast as soon as a new government takes charge after the elections.' 'Both revenue and expenditure numbers will have to be trimmed -- and then may better reflect the deceleration of economic activity caused by slowing consumption trends,' points out T N Ninan.
The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.
How could India@75 improve law and order, courts, social, physical and soft infrastructure, efficient cities, e-governance, ease of doing business and other essential state functions by 2022, asks Shailesh Pathak.
The govt hiked defence budget by 7.81 per cent over last year's Rs 2.74 lakh crore.
'For those looking at forward-looking signals for the economy from the stock markets, the relative performance of small and mid-caps may be a better indicator of the future than the index levels of the narrower and more popular indices', says Neelkanth Mishra.
'An era of fiscal pessimism is setting in, which, if not countered intellectually, is going to have the same effect as export pessimism has had,' notes T C A Srinivasa Raghavan.
'The COVID-19 pandemic must push the military into a long-term reconsideration of its primary challenges.' 'There must be greater emphasis on humanitarian aid and disaster relief including the management of contagious illnesses and impending crises caused by climate change,' notes Ajai Shukla.
'You peel one layer, then another layer, then another, but in the end, you will see that there is no onion inside.' 'This package has been packaged well, but there is nothing much inside the package!'
A proposed 24 percent hike in the salaries of 2.6 million employees and pensioners, will land the railways with a wage bill of about $4.7 billion.
"I have a given a notice for discussion on Lokpal in the Rajya Sabha. The Business Advisory Committee will decide on the date for discussion," Minister of State for Personnel, Public Grievances and Pensions V Narayanasamy told PTI.
'There is no money with the villagers as there is little work.'
The Supreme Court on Thursday assured the Centre and bodies like SEBI and RBI that it will take a decision by Friday evening on their plea seeking setting up a larger bench for modifying an earlier order restricting the voluntary use of Aadhaar card to PDS and LPG schemes only.
For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa.
These plans aren't likely to put substantial cash in your hands.
The abolition of wealth tax is again a welcome step.
Beauty is woven into the ghazal with such deep feelings of love that the focus is always on seeking oneness with the other, notes Gopi Chand Narang.
Some organisational changes are likely in some of the key army formations.
Retirement blues can sometimes result in actions that are dysfunctional, notes Ajit Balakrishnan.
Prime Minister Narendra Modi writes a letter to the nation on Tuesday listing his government's achievement as he completes on here in office.
Managing expectations is a challenge for policymakers.
The applicant must have an operational savings bank account.
Modi, who was in France on the first leg of his three-nation tour, said there have been a number of constructive changes in the last five years.
80% of beneficiaries in 300 districts to be linked with direct benefits transfer
The city needs some autonomy, or it will continue to decline in all the ways that are familiar, observes T N Ninan
In analysing census data from 2007-2011, researchers found that the at-birth sex ratios of Asian Americans are the same as white Americans. Arthur J Pais reports
Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation"
Some of their tactics would put a snake oil salesman to shame, says Harsh Roongta.
Trump said that his proposal should be supported by both parties (Republican and Democratic) as a fair compromise -- one where nobody gets everything they want, but where the country gets the critical reforms it needs.
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