The Bharatiya Janata Party on Sunday unveiled its manifesto for the West Bengal elections, promising to build a 'Sonar Bangla' by providing employment, strengthening social security schemes and vowing to clear the implementation of the Citizenship Amendment Act in the first cabinet meeting of the new government.
Union Minister Arun Jaitley while releasing the document said BJP's manifesto is particularly aimed at improving the social infrastructure in Punjab, even as he slammed Congress for its policies which he alleged paved way for militancy in Punjab in 1980s and termed its 2002-2007 tenure in power as "most dishonest and corrupt".
The 79-year old veteran leader, who has already announced his retirement from electoral politics, said there is no question of him sitting at home, and after the assembly session he will tour the state and campaign for the party and its candidates.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
The law was amended to bring parity between public and private sector employees (including PSUs) after the gratuity limit was raised for central government on similar lines
Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.
The 7th Pay Commission recommendations are a major challenge for the Railways.
The repo or short term lending rate remains unchanged at 6.75 per cent and the reverse repo rate at 7.75 per cent.
Private consumption is looking up and will get better as the full effect of the good monsoon is felt on rural income, and the effect of the payout from the Seventh Pay Commission is felt on urban income, say Anis Chakravarty & Rishi Shah.
"The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit," said Singh, the Minister of State for Personnel.
BJP chief J P Nadda on Thursday launched 'Lokkho Sonar Bangla' (target to build golden Bengal) manifesto crowdsourcing campaign to seek suggestions from more than two crore people in West Bengal ahead of the upcoming assembly elections.
The country's GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March period, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output.
The agency said the move on liquidity will lead to an ease in the situation.
There are about 50 lakh (5 million) Central government employees.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
We should work in unison to boost growth: FM
Incentives for industries have been rolled back and teachers have gone without salary for months as the state grapples with the after-effects of the ban
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
Capex for next year expected to be up 25% to Rs 3 lakh crore
The law of diminishing returns catches up as one goes up the ladder.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Lavasa will replace Rajan Watal, who retires on Saturday, even as the budgetary process is yet to be finally completed.
In a general notice, the railways said, 'Such misguided activities are the highest level of indiscipline rendering such aspirants unsuitable for railway/government job. Videos of such activities will be examined...and candidates/aspirants found indulged in unlawful activities will be liable for police action as well as lifetime debarment from obtaining railway job.'
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
Parekh says drafting new I-T law is hindered by the lack of experience.
Shah said a BJP government would protect and promote the cultural heritage and values of tribals.
Analysts expect the central bank to remain watchful of inflation.
He cautioned people against forces inside and outside India which are working against the country by targeting it and its constitutional values.
'Whatever happens in any part of the world affects us.'
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
It is only 'zero-cost' money from FPIs that is keeping the market afloat
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
Railway Minister Suresh Prabhu said Budget-making was guided by the Prime Minister's words of the government being there to protect the interests of the common man.
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