In spite of Budget's rural focus, the government has consistently stumbled in agriculture, says Shreekant Sambrani.
'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.'
Gaurav Mehta, one of 100 'Young Global Leaders', is tapping entrepreneurs inside rural Indians.
The ruling Mizo National Front led by Zoramthanga is looking for a second straight term in the 2023 assembly polls.
Rural slowdown may delay growth in the economy.
Asserting that his government will implement the five poll 'guarantees' promised ahead of the assembly polls, Karnataka Chief Minister Siddaramaiah on Wednesday said officials have shared their inputs on financial implications, and the cabinet will meet on June 2 to decide on the implementation.
'BJP has lot of money. Even a rich person like me is scared of taking on the financial muscle of the BJP.' 'What is the point of throwing money? Result toh aane wala nahi hai.'
US technology company NVIDIA and billionaire Mukesh Ambani's Reliance Industries on Friday announced a partnership to build AI supercomputers in India. "The companies will work together to build AI infrastructure that is over an order of magnitude more powerful than the fastest supercomputer in India today," the firms said in a statement. Days before the announcement, NVIDIA founder and CEO Jensen Huang met Prime Minister Narendra Modi on Monday.
Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The projected fiscal deficit numbers for FY24 and FY25 suggest that the government is serious about achieving the fiscal consolidation path of 4.5 per cent fiscal deficit by FY26, and given the nominal GDP growth assumption and revenue buoyancy, the target appears plausible, Pant said in a note.
On the other hand, another minister, Rajendra Singh Gudha, once again endorsed senior Congress leader Sachin Pilot's name for the chief minister's post.
Launching the Rs 1,000 crore scheme to meet the water problem in different parts of the country, he asked the people to turn the mission of water conservation into a 'People's Movement'.
She said that access to justice for all has been a theme close to her heart and mentioned several steps taken to help economically disadvantaged sections of society to approach legal institutions for remedial action.
The raids are understood to be linked to a probe related to alleged irregularities in the operations of some sugar mills based in the state that are linked to Mushrif.
Members of the Karnataka legislative assembly on Monday demanded a thorough probe into the death of chief of defence staff General Bipin Rawat along with his wife Madhulika Rawat and 11 others in a helicopter crash in Tamil Nadu's Coonoor on December 8.
A panel of Union ministers held a fourth round of talks with farmer leaders in Chandigarh on Sunday over their demands, including a legal guarantee of MSP, as thousands of protesting farmers camped at the Punjab-Haryana border.
Prime Minister Narendra Modi on Thursday appealed to farmers and other stakeholders associated with the cooperative sector to make GCMMF, which owns the 'Amul' brand, the world's number one dairy company from its current eighth position. He was addressing nearly one lakh people, mostly cattle rearers and farmers, gathered at the Narendra Modi stadium in Motera area of Ahmedabad for the golden jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF).
It was under his stewardship of the Union Rural Development Ministry that NREGA, the flagship rural livelihood scheme, was implemented.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
Former Union Minister and Congress leader Eknathrao alias 'Balasaheb' Vikhe Patil passed away at his residence in Loni village in Ahmednagar district of Maharashtra on Friday evening following prolonged illness, his family said. He was 84.
'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
Chhattisgarh Chief Minister Bhupesh Baghel on Sunday said he was yet to receive minister T S Singh Deo's resignation from the panchayat department and that he learnt about the latter's move through media.
The NITI Aayog will now assimilate the views of states and then present a report to the PM.
The NDA government has asked states to enrol all MNREGA workers under the three newly-launched social security schemes.
Between April and September 2014, the central govt released Rs 13,618 cr to states, against Rs 24,676 cr in the same period last year.
A contractor who had accused the Karnataka Rural Development and Panchayat Raj (RDPR) Minister K S Eshwarappa of demanding 40 per cent commission for a contract, was found dead in a lodge in the coastal town of Udupi on Tuesday morning.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
The passage of the women's reservation bill has ignited hope among stakeholders about attaining gender equality in India's political landscape, especially at the policy-making level, even as some raised concerns over its effectiveness given the uncertainty in the deadline for its implementation.
Market experts say that of the total 600,000 villages in India, under two per cent or around 10,000 villages contribute to about half of the rural consumption in the country. Targeting these villages and ensuring that penetration is strong is key for most consumer goods companies.
'We cannot leave our entire unorganised sector to the vagaries of market forces.'
The affordable housing segment may be seeing an uptick which is a good sign of consumption momentum. This is the biggest-ticket purchase for middle income and lower income families. The current activity is at least partly driven by a pause in interest rate hikes.
Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.
'The Centre and state need to take a unified approach and take concerted action before this matter assumes menacing proportions because unemployment, the drug trade and the levels of frustration among the youth make them vulnerable to any maverick who promises something better.'
Data captured in central government records have a lag.
The benchmark National Stock Exchange Nifty has rallied 4 per cent, or 750 points, from this month's low to end at 19,732 on week ending November 17. Technical analysts say the market could consolidate around the current levels as it is nearing the resistance zone. "The near-term uptrend status of the market remains intact, but there is a possibility of some more consolidation or minor weakness for the Nifty in the next one to two sessions.
The move is aimed at cutting the fiscal deficit, which the government wants to contain at 4.1 per cent of GDP.
Singh was widely regarded as an expert in the rural and agricultural landscape of the country and is credited with the conceptualisation and implementation of the NREGA (National Rural Guarantee Employment) Act.
India's overall retail inflation eased to 4.41 per cent in September, helped by falling commodity prices, but rural inflation was at 5.05 per cent
CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.
The expansion was the first by Sarma since he assumed chief ministership of the state about 13 months ago.
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