While the likelihood of these states going the Lanka or Greece way may be an alarming assessment, the financial situation of some states such as Punjab and West Bengal is indeed quite weak.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
The Budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report. Bank of America Securities India expects the budget to peg "fiscal deficit at a high 5 per cent of GDP for FY22 and 7.2 per cent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank". Its house economists expect these spends to be funded by debt and partly by imposing a cess on high income groups and also by some non-fiscal measures like tapping the central bank's revaluation reserves and bank recapitalisation and infra bonds.
In the last five years, imports from HK have more than tripled -- from $5.6 billion in FY15 to $17.1 billion in FY20. In the same period, exports declined by 20 per cent -- from $13.6 billion in FY15 to $10.8 billion (annualised) in FY20.
FM brings these sectors under the knife in a final attempt to hit a tough fiscal deficit target
His about-turn in the farm laws proves that he sees everything in just one dimension: Politics. That helps sometimes. But not always, observes T C A Srinivasa-Raghavan.
India has the ability in all respects to be a great power and address our security challenges in the best national interests, says Commodore Venugopal Menon (retd).
'Karpoori Thakur must be remembered by people today who are tired of witnessing fractious politics where corruption, bigotry, hatred and violence seems to have become distressingly recurrent,' says Mohammad Sajjad.
The SAD MP from Bathinda said the alliance will be voted back because it had worked hard for the future of the state on an agenda of "development, development and yet more development".
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
The Congress won 77 seats or 42% of seats in the 2017 polls. How then can Gujarat be called a BJP bastion, asks Sanjeev Nayyar.
From the point of view of qualification, Murmu is probably educationally the least qualified among India's recent Presidents. But then, with the BJP in command, she will be required to do little but sign on the dotted line.
The CDS has the option to focus on key areas of capability development to fight new generation wars or get bogged down in trying to bring cosmetic changes to humour the political leadership, asserts Brigadier Narender Kumar (retd).
'Increased allocations for MNREGA could have provided the much needed push to rural demand and consumption at a time when recovery continues to remain uneven.'
Christian Eriksen's return to the Denmark team stole the show as he scored with his first touch after coming off the bench at the Johan Cruyff Arena on Saturday where Netherlands forward Steven Bergwijn netted twice as the hosts won 4-2.
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
P V Sindhu suffered her fourth successive defeat to the young An Seyoung as she signed off her women's singles campaign at the semi-final stage of the Korea Open Super 500 badminton tournament in Suncheon (South Korea), on Saturday.
The biggest constraint to achieve a higher growth rate in South Asia is infrastructure. Growth in the region could have been higher if more investment in infrastructure would have been made, says Patel.
India's politicians need to do a better job of managing the economy: Inflation control, productivity improvement, etc, asserts T N Ninan.
ONGC was the top laggard in the Sensex pack, dropping 5.80 per cent, followed by PowerGrid, HCL Tech, TCS, Tata Steel and Reliance Industries.
A round-up of Wednesday's action in the UEFA Champions League.
PowerGrid was the top gainer in the Sensex pack, spurting 2.76 per cent, followed by NTPC, M&M, L&T, Hindustan Unilever, HDFC, and Infosys.
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
Three MLAs abstained, while 20 legislators, most of them from Congress and the NCP, including Congress's Ashok Chavan and Vijay Wadettiwar, both former ministers, were absent during the trust vote.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Maharashtra Chief Minister Prithviraj Chavan, who has completed three years in office, will have to further gear up to lead the ruling Congress party in the ensuing Lok Sabha and assembly elections slated for 2014.
In an act of gamesmanship, pacers, right-arm quick Harshit Rana (1/27 in 3 overs) and left-arm seamer Kuldip Yadav (2/27 in 3 overs) also wasted time, either faking cramps or tying shoelaces or not delivering the ball even after completing the action.
This is not an election Budget in the sense that I might target the voter in the coming elections. But if you look beyond this round of state elections, and tilt the periscope to graze at the more distant horizon, see how the Narendra Modi government wishes things looking by the summer of 2024, observes Shekhar Gupta.
Economists want Budget to focus on infrastructure, have a clear strategy on disinvestment and state measures to boost investment climate.
IMAGES from the UEFA Nations League matches played on Sunday.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
Ninth seed Auger-Aliassime, 21, was the dominant player in the first set and despite a wobble when serving at 6-5 he won a tiebreak courtesy of some Medvedev double-faults the Russian later blamed on the sweaty conditions.
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
A summary of the Ranji Trophy matches played on Wednesday.
Essel Group, Reliance Jio, Fortis and 17 others on Thursday signed initial pacts to invest over Rs 39,000 crore (Rs 390 billion) in Uttar Pradesh, with Chief Minister Akhilesh Yadav promising the investors all possible support.
Investor sentiment remained upbeat on narrowing trade deficit and sustained foreign fund inflows.
The mercury breached the 46-degree Celsius mark in several places such as Allahabad (46.8 degrees Celsius) and Jhansi (46.2 degrees Celsius) in Uttar Pradesh; Sports Complex (46.4 degrees Celsius) in Delhi; Ganganagar (46.4 degrees Celsius) in Rajasthan; Nowgong (46.2 degrees Celsius) in Madhya Pradesh; and Maharashtra's Chandrapur (46.4 degrees Celsius).
Augsburg's victory lifted them out of the relegation zone into 15th place.
PV Sindhu won Swiss Open title after beating Busanan Ongbamrungphan of Thailand in final
Swaraj India president and former AAP leader Yogendra Yadav on Thursday termed the Arvind Kejriwal-led party's performance in Punjab as "spectacular and extraordinary", but said it's more "an indictment" of the "entire political establishment" rather than the success of a party in the electoral battle.
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