'Three manufacturing sectors can create jobs by the million: Apparel, food, and electronic assembly.' 'Let's talk to them and ask them what it would take to scale by a factor of ten,' suggests Naushad Forbes.
Maharashtra government on Wednesday decided to acquire the iconic Air India building at Nariman Point in Mumbai for Rs 1,601 crore. The decision was taken at a meeting of the state cabinet in Mumbai. The meeting, chaired by Chief Minister Eknath Shinde, also decided to waive off around Rs 250 crore unrealised income and interest on the property, an official said.
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
'If you look at the average age of all our candidates, you will notice that their average age is between 35 and 40. It is a kind of revolution that the MNS is bringing in Maharashtra.'
'BJP and RSS may have differences over minor issues but their hearts long for one common aim -- that of A Hindu Rashtra.' 'And this time to prove this point the RSS has prepared to help BJP win this election with all its might.'
The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.
A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.
Chief ministers of three Congress-ruled states -- Karnataka's Siddaramaiah, Himachal Pradesh's Sukhvinder Singh Sukhu and Telangana's Revanth Reddy -- have announced they will not attend the NITI Aayog meeting over alleged bias against their states in the Union Budget.
The government will provide Rs 11.11 lakh crore for capital expenditure for 2024-25 and introduce viability gap funding to spur private investment in infrastructure, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union Budget for FY2024-25, she said that the government will endeavour to maintain strong fiscal support for infrastructure over the next five years, in conjunction with imperatives of other priorities and fiscal consolidation.
Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.
State-owned mining giant, Coal India, is hoping to recover around 75-80 per cent of its liabilities from customers with whom it has long-term fuel supply agreements (FSAs) after the Supreme Court (SC) allowed states to recover dues retrospectively. A legal recourse, however, is underway. "We are impacted in two states - Jharkhand and Odisha.
Agri experts are meeting FinMin ministry officials on Monday to give their inputs on the Budget.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
The statistics (compiled till May), presented and analysed by the Performance Review Committee of the ministry last week, show that states run by UPA governments have not made much advance in implementing its signature rural development schemes.
At least five people were killed in separate rain-related incidents on Tuesday in Bengaluru, which has been reeling under incessant rains for the past three days causing widespread flooding in several residential areas and turning roads into virtual rivers.
In an advisory to the states, ministry of rural development has also asked them to take effective measures to ensure that rural households receive their 'due entitlement' under the Act in the districts facing drought.
Union Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a "world-class job" and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well. Speaking at the Financial Express Best Banks Awards, the finance minister said, "I strongly recommend that facts are taken on board before we discuss anything to do with the regulators, strictly speaking."
Shinde welcomed the former Rajasthan minister to the Shiv Sena and said Gudha left the ministerial position for the cause of people.
In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.
This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13
Tamil Nadu's Deputy Chief Minister Udhayanidhi Stalin has reacted to Andhra Pradesh counterpart Pawan Kalyan's out-of-turn taunts with a one-liner, 'Let's wait', and thereby hangs a tale, notes N Sathiya Moorthy.
'Given our turbulent neighbourhood, the prime minister is likely to emphasise on democratic dividend as the reason behind India's continuous prosperity.'
Rejecting Uttar Pradesh Chief Minister Mayawati's charge that his demand for Central Bureau of Investigation probe into Mahatma Gandhi National Rural Employment Guarantee Act implementation was "politically motivated", Rural Development Minister Jairam Ramesh on Friday said he would not hesitate to recommend similar investigation even in Congress-ruled states.
'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'
In a letter, State Council of Educational Research and Training director Sajjan R urged competent authorities to immediately suspend all such teachers' training programmes.
Union rural development minister Jairam Ramesh has said states would not be allowed to ignore the findings of the social audits notified recently by his ministry on the National Rural Employment Guarantee Scheme (NREGS).
The transferred officers included 22 IAS, 79 IPS, 45 Bihar Administrative Service officers
The Committee also expressed "strongest concern" over the decision of the Governemnt regarding cap on the total number of BPL families.
Could the MPCE survey results be used as a basis of reconstructing the Consumer Price Index with new weights, asks Madan Sabnavis.
Priyank Kharge on Wednesday said criteria and frameworks are being decided for its implementation.
The S&P BSE Sensex and the Nifty50 have hit record highs amid the poll outcome-triggered bull frenzy at the bourses. Most analysts feel that the indices are on course to rise further over the next few months - till the general elections - albeit amid intermittent corrections - largely triggered by global developments. Bharatiya Janata Party's (BJP's) win in the three state elections of Madhya Pradesh (MP), Rajasthan and Chhattisgarh, analysts at Jefferies believe, reinforces the consensus expectations of a Modi win 2024 national elections with a greater likelihood of over 300 seats for the BJP.
Ministry of rural development has asked chief secretaries of the states to inform about the remedial measures taken by them to ensure timely payment of wages to NREGA workers, an official said.
Nationalist Congress Party leader Ajit Pawar was given the finance and planning portfolio on Friday, nearly two weeks after he broke away from the original party and took oath as Maharashtra's deputy chief minister.
Eleven states and Union territories -- Bihar, Uttar Pradesh, Delhi, Maharashtra, Uttarakhand, Telangana, Gujarat, Punjab, Rajasthan, Jammu and Kashmir and Jharkhand -- had a voter turnout lower than the national average of 67.40 percent in the 2019 Lok Sabha polls.
The recently anointed managing director and chief executive officer at Maruti Suzuki India Ltd tells Business Standard how he intends to get back to over 50 per cent share in the domestic market, apart from a larger role in the parent's global operations.
'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'
'The dakiyas will be our partners, receiving credit proposals from micro-enterprises at the grassroots level.'
Since the first Aadhaar number was issued in September 2010, more than 1.33 billion Aadhaar cards have been generated till June 2022. With the Aadhaar enrolment of adult Indians nearing 100 per cent, the main objective of the Unique Identity Authority of India (UIDAI), which was to give Unique Identification numbers (UID) to all residents of India, is almost achieved, said a senior government official. "Enrolment will now be much more update-based, because people keep updating their mobile numbers and addresses.
In the letter to the Bihar CM, the Bharatiya Janata Party MP and rural development minister said, 'Things which have no connection with Islam are being Islamised. Some institutions have become self-proclaimed in giving halal certificate and are giving halal certificate to companies manufacturing goods by paying huge sums of money.'
Despite declining by three percentage points in 2022-23 (FY23) compared to FY19, Odisha's unemployment rate remains higher than the average in India.
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