The full grant of OROP would raise annual military pensions to Rs 75,000 crore, only slightly less than the salary bill of Rs 93,216 crore.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
He will presumably choose to remain true to the framework he has put in place.
Adopting a wait- and-watch approach ahead of US Fed meeting
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
BKS and BMS leaders have told the BJP leadership that it is staring at a build-up of anti-government propaganda in the run-up to polls in five states.
He succeeded Fakruddin Ali Ahmed after his death in 1977.
Lack of new investments may undermine higher consumption
Broader markers outperformed their larger peers.
The Budget has to provide for capex on roads, railways, defence and other infrastructure sectors.
Post the correction over the past one year, we are seeing opportunities across sectors.
D&N cites positive changes in momentum in certain segments of economy, but says some areas of concern remain
With the PMO itself spearheading a re-evaluation, the Director General of Defence Accounts has been asked to justify its earlier contention that the 'slab based' system would benefit a larger number of disabled veterans -- something the army flatly denies, reports Ajai Shukla.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
The next general election is more than three years away. Yet, the Centre appears to be reluctant to take any bold move that might annoy influential sections of the electorate.
The Survey shows fiscal consolidation despite slowdown in growth.
'The market position from here on is expected to go up'.
There are a couple of proposals, however, whose goals are not easily achievable.
Officers from the rank of Deputy Inspector General (DIG) up to the top-most rank of Director General (DG) in these four forces retired after attaining the age of 60.
The Covid pandemic has left a question mark on how the central government manages its staff.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
'On the tax front, most of the Budget proposals are sensible'.
Indices reversed all its losses during late trades.
More than 24 years later, case of wilful absence has finally been proven against the bureaucrat.
'He consulted widely, both formally and informally and acted quickly on pragmatic suggestions.' 'To his credit, Parrikar took the initiative to reduce excessive litigation against armed forces veterans and widow over small sums of pensionary and disability benefits,' points out says Brigadier Gurmeet Kanwal (retd).
Lack of political consensus on economic reforms a key concern.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
Governor's statements will be weighed to gauge confidence level.
RBI has, since January, cut its policy rate four times.
PFRDA will invite bids to appoint pension fund managers.
The bigger worry is that its effects could linger well into the next financial year.
'An expanding army, rising salaries due to the 7th pay commission, and raised pensions due to OROP are consuming money at the cost of badly needed bulletproof jackets, rifles, artillery, submarines, warships and fighter aircraft,' notes Ajai Shukla.
Railway Minister Suresh Prabhu faces a stiff dilemma on whether to raise fares and freight rates in his second Rail Budget.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances