The record of other prime ministers too shows how much can change when a prime minister is faced with the two-year challenge, says T N Ninan.
The interim Budget proposals that will be presented on February 1 in the backdrop of the general elections scheduled in April/May 2024 are likely to have a hint of populism, believe analysts, but are unlikely to derail the government from its path of fiscal prudence.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Finance Minister Arun Jaitley said the fiscal deficit slippage this financial year (2017-18) was largely statistical.
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
'Kavach', which literally means armour, is being promoted by the railways as the world's cheapest automatic train collision protection system.
The Budget loosened the reins on public spending to drive growth.
Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27 per cent to settle at 59,708.08 after it trimmed most of the intra-day gains. During the day, it had zoomed 1,223.54 points or 2 per cent to 60,773.44.
Presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, the minister said this is in addition to the bullet train proposals between Delhi-Amritsar, Ahmedabad-Mumbai-Pune, Hyderabad-Vijayawada-Chennai, Chennai-Bangalore-Ernakulam and Howrah-Halida which were announced in 2007-08 Railway Budget.
Minister of Railways Piyush Goyal spoke with the media about his privatisation plan, safety road map and innovation strategy.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
Curbing the federal deficit is the government's absolute priority on February 28.
The public sector behemoth is looking at forming joint ventures with states.
Single window clearances for realty must.
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.
'We carry 6.5 billion passengers every year. We have crossed seven billion this year, and are targeting 10 billion by 2030.'
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
"Call it a craze, fever or national interest but HSR is our window to the outside world."
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
The Union Cabinet will soon take a call on setting up Railway Development Authority of India, an independent regulator, which will decide on passenger and freight rates
The assertion comes amid speculation that the ruling party in Andhra Pradesh might rethink its ties with the BJP in view of its disappointment over allocation of funds to the state in the Union Budget.
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The railway minister said that one-third studies have already been done.
FM should avoid proposals such as to tax financial transactions and fringe benefits
A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
Arguably one of the toughest engineering challenges in hand, the Indian Railways plans to complete the Chenab bridge in Jammu and Kashmir by 2016, making it the world's highest rail bridge.
Budget proposals have set four goals to transform Indian Railways.
The rupee on Friday resumed lower at 60.25 a dollar from previous close of 60.19 at the Interbank Foreign Exchange market.
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
The opposition parties will meet on Monday morning to evolve their strategy in both Houses of Parliament after protests by them on the Hindenburg-Adani issue overshadowed most of the first half of the Budget session.
The Bhartiya Railway Mal Godam Shramik Sangh said they will resort to disrupting railway services across the country if the government does not heed to their demands.
The Reserve Bank may cut key interest rates as early as this week.
Trinamool Congress chief Mamata Banerjee has no qualms in mixing economics with politics, which is evident from her reaction to the railway budget, says Renu Mittal.
On a day of dramatic developments, The Trinamool Congress on Wednesday night sought the removal of its senior-most nominee in the Union Cabinet, Railway Minister Dinesh Trivedi, hours after he proposed a hike in railway passenger fares, plunging the UPA government in an unusual political crisis.
'Retail investors, who had not seen such a massive correction in the SMID universe since COVID-19, are witnessing something like this for the first time. Panic profit booking may continue.'
Jaitley said an effective multi-modal logistics and transport system will "make our economy more competitive.
