FM brings these sectors under the knife in a final attempt to hit a tough fiscal deficit target
Even as the bilateral relationship between the two neighbouring countries remains hostile, there is growing coordination between India and Pakistan on one multilateral forum - the World Trade Organization (WTO). Both countries have made two joint submissions at the WTO as co-sponsors in the past two months. In June, Pakistan joined India, Cuba, and 44 African countries, seeking sufficient flexibility in intellectual property rights for developing countries to fight the Covid-19 pandemic.
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".
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
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.
The government has decided to spend big on infrastructure across a wide variety of sectors to give a greater impetus to the economy which is recovering from the impact of Covid-19, Finance Minister Nirmala Sitharaman said on Monday.
'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.
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.
Germany struck twice with two minutes left in the match to wipe out a two-goal deficit and then prevailed over England in the penalty shoot-out to make a dramatic entry into the semi-finals of the Men's Hockey World Cup, in Bhubaneswar, on Wednesday.
No part of northwest, central and east India is likely to record a heatwave over the next five days, the MeT office said.
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.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
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.
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.
A picture of a Socceroos fan holding up a sign saying, "Give us a public holiday", was widely shared on social media.
Mbappe becomes PSG's all-time highest goal-scorer as French champions extend lead
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.
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.
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).
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.
'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.'
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.
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.
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.
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.
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.
Economists want Budget to focus on infrastructure, have a clear strategy on disinvestment and state measures to boost investment climate.
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 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).
India's politicians need to do a better job of managing the economy: Inflation control, productivity improvement, etc, asserts T N Ninan.
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.
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
A round-up of Wednesday's action in the UEFA Champions League.
Investor sentiment remained upbeat on narrowing trade deficit and sustained foreign fund inflows.
'Not a single person I spoke to there believes that the Kundalkulam plant is safe.'
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.
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
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.
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
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