'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
India's services sector activity moderated further in January as new business rose at a noticeably slower rate amid the escalation of the pandemic, reintroduction of restrictions and inflationary pressures, a monthly survey said on Thursday. The seasonally adjusted India Services Business Activity Index fell to 51.5 in January, down from 55.5 in December, pointing to the slowest rate of expansion in the current six-month sequence of growth. For the sixth straight month, the services sector witnessed an expansion in output.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
Modi asked MPs to inform the masses about various pro-people features of the budget.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
Union Home Minister Amit Shah on Friday said the current logjam in Parliament could end if the Opposition and the government sit for a discussion and both move two steps forward.
Analysts were expecting the government to propose higher capital infusion for banks.
For next fiscal, the minority stake sale target has been kept at Rs 36,000 crore.
'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'
The government on Thursday announced a new 24-hour TV channel dedicated to agriculture sector with an outlay of Rs 100 crore for providing real-time information to farmers.
While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.
Prime Minister Narendra Modi on Friday chaired a meeting to discuss the preparations for launching Doordarshan's 'Kisan TV' on May 26, to coincide with the first anniversary celebrations of the National Democratic Alliance government.
Officials said there had been no official word or indication from the top yet. The expectation from officials is to do what they can, but it is understood that all fiscal and budgetary targets don't matter anymore.
Finance Minister Nirmala Sitharaman on Wednesday rebutted the Opposition's charge that the Bharatiya Janata Party too shared the responsibility for the failure to check the exodus of Kashmiri Pandits in 1990 as it was supporting the then V P Singh-led government at the Centre.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
In his speech in the Lok Sabha on February 7, Rahul made several allegations against the government over the Hindenburg-Adani row.
'For the politics of patronage in West Bengal, it has always been important to have territorial control.'
The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K Bhattacharya.
The ongoing corporate results and the Union budget are also making participants tread cautiously though the GST agreement provided some relief.
In his Budget, Jaitley announced a pay hike for the President to Rs 5 lakh per month, Rs 4 lakh for the VP and Rs 3.5 lakh for governors.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
The department of investment and public asset management is scouting for investment bankers and legal advisors to carry forward the transactions.
A five-judge Constitution bench headed by Justice KM Joseph asked the mobile messaging app to give advertisement in five newspapers to publicise its undertaking given to the government.
Congress leader Shashi Tharoor on Friday said it would have been good if Rahul had attended the budget session
In the new Parliament House, with a soft launch this Winter Session, paper is expected to disappear. For the guidance of ministers, secretaries can scribble notes on linked pads even from their offices to respond to queries from members.
With the Congress already opposed to the proposed law, regional parties might become the swing factor, says T N Ninan.
Pitching for greater transparency in rule-making and other functions of regulators, Finance Minister Arun Jaitley has asked Sebi to work towards attracting more retail investors to the capital markets.
The Budget allocated an increase in allocation for MGNREGS, LPG expansion, electrification & smart panchayats.
He will recommend innovative methods and processes for the improvement.
Government will provide a short window of a "few months" to income tax assesses to come clean by declaring their money and assets stashed abroad.
The government on Tuesday asserted in Lok Sabha that it was ready to discuss issues related to farmers both inside and outside Parliament amid vociferous protests by the Opposition which forced repeated adjournments of both the Houses.
The Trinamool Congress MP said he is unable to bear various incidents that are happening in West Bengal.
Court cases likely over interpretation of the new levy proposed in the Budget for digital economy.
'The government or the ruling party has indicated indirectly that you are not supposed to publish anything critical of the government or the senior functionaries of the government.'
Parliament proceedings were adjourned amid ruckus and sloganeering by the Opposition members over the Adani issue.
Former West Bengal governor Jagdeep Dhankhar's subsequent elevation set a new benchmark for the actions of those who occupy Raj Bhavans, observes Aditi Phadnis.
The proposal had attracted strong criticism from the salaried class.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
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