Participating in the discussion on the Motion of Thanks on the President's Address to Parliament, senior Congress leader and party spokesman Abhishek Singhvi said in the Rajya Sabha that the economy has grown by over eight per cent in the last four years.
IMF's Chief Economist Gita Gopinath on Thursday said it would be damaging for India to start tightening policy support in the midst of the COVID-19 pandemic and also stressed on reducing wasteful expenditures in the upcoming Budget. Delivering NCAER's '9th C D Deshmukh Lecture' virtually, Gopinath said there is scope for the Indian government to provide more direct support to people.
'The performance of any government is benchmarked on five parameters -- India's external security, the state of the economy, social cohesion, internal security, and India's relations with the world or its foreign policy. On each of the benchmarks in the past nine years, the NDA-BJP government has come up completely short'
India has already become 7th largest economy of the world, he said, adding that it is expected to become 5th largest economy soon.
Analysts were expecting the government to propose higher capital infusion for banks.
The Bill could be introduced in Lok Sabha very soon.
The proposed commodity transaction tax of Rs 17 per lakh was part of the Union Budget 2008-09 that was approved by the Parliament in the last session and is yet to be notified. Asked about timeframe of notification, Pawar said, 'first you allow us to discuss and take a final view.'
Senior Congress leader Jairam Ramesh on Saturday said he does not see a 'middle path' to end the logjam in Parliament as the Opposition's demand for a Joint Parliamentary Committee (JPC) probe into the Adani issue was 'non-negotiable' and the question of an apology over Rahul Gandhi's remarks in the United Kingdom does not arise.
Curbing the federal deficit is the government's absolute priority on February 28.
The total allocation for the road sector has been Rs 97,000 crore.
"In view of our economic condition, I expect bitter-sweet Budget. I think the Budget will be good for the country. It can be bitter but may be sweet, too," says Dolly Jaitley.
The Union minister asked Gandhi to "follow the law "and secure acquittal from a higher court.
'... and without necessarily calling them Economic Surveys.' 'One should stick to the main focus, which is to give people a good perspective on how the economy is doing.'
The deficit stood over Rs 8 trillion in the first seven months of the current financial year. Non-tax revenues, comprising transfers from the RBI and dividends of the public sector units, shored up the Centre's revenues.
The information technology would generate 70 lakh (7 million) jobs by 2009.
The Budget chose to stick to an ambitious disinvestment programme for 2016-17.
The CrPC (Identification) Bill empowers the police to obtain physical and biological samples of convicts and those accused of crimes while the DMC (Amendment) Bill, 2022 seeks to unify the three civic bodies in the national capital.
The Annual Plan for Railway for 2012-13 is put at highest ever Rs 60,100 crore (Rs 601 billion).
Noisy protests disrupted the both houses of the Parliament on the first day of the second part of the budget session
The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed.
On indirect tax front, the government will earn 21 paise from excise and customs.
Opposition members tried to corner the government in both the Houses over the Supreme Court decision that states are not bound to provide reserved seats for the SCs, STs and OBCs in appointments and promotions.
Since Justice G T Nanavati submitted report to Union Home Minister Shivraj Patil in New Delhi on Wednesday, the Sikh community and opposition parties have been demanding that it be made public.
The BJP's challenge is whether it can again deflate a Congress, which now looks reinvigorated and has adopted sharper messaging around its 'guarantees', and several regional parties, especially in Bihar, Maharashtra and West Bengal.
A day before the announcement of the Union Budget for 2004-05, the Economic Survey called for "overhauling" the tax exemption regime saying low Tax:GDP ratio was a prime concern and it was coming in the way of improving government finances.
In his speech in the Lok Sabha on February 7, Rahul made several allegations against the government over the Hindenburg-Adani row.
"Religious festivals seem to have become occasions to intimidate and bully others -- a far cry from when they were occasions for joy and celebration. Instead, there is intimidation and discrimination only on account of their religion, food, caste, gender or language," Gandhi said.
The FM has levied 0.1 per cent tax will be levied on withdrawal of cash of Rs 10,000 and above from banks on a single day. So if you withdraw Rs 10,000 from the bank on a single day, you will need to pay a tax of Rs 10 on it.
Opposition said saying it lacked vision and road map to execute ideas.
The CAG has pulled up the union government for adopting an erroneous process of devolution of IGST to states and short-transfer of cesses to reserve funds, which resulted in under-reporting of deficit figures for the 2017-18 and 2018-19 fiscals. The Integrated Goods and Services Tax (IGST), which is levied on inter-state sale of goods and services, is shared between the Centre and states in the 50:50 ratio. In its report on the union government accounts tabled in Parliament, the Comptroller and Auditor General of India (CAG) found that a sum of Rs 13,944 crore was left unapportioned and retained in the Consolidated Fund of India (CFI) in 2018-19, even though the amended IGST Act now provides for a process for ad-hoc apportionment of IGST.
Law Minister Kiren Rijiju on Saturday invoked the constitutional 'Lakshman Rekha' guiding different institutions, including the executive and the judiciary, and wondered that if judges become part of administrative appointments, who would carry out judicial work.
The government last year introduced the Insolvency and Bankruptcy Code.
Maharashtra Finance Minister Sudhir Mungantiwar speaks to Prasanna Zore/Rediff.com.
Modi asked MPs to inform the masses about various pro-people features of the budget.
'The Government of India should start a dialogue with the people of Ladakh, but the trouble is they are not willing to listen to our grievances.'
In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far.
'We want to send a notice to the BJP that Rajputs are no longer their slaves.'
Rating agency ICRA said on Tuesday that a remarkable aspect of the Reserve Bank of India's Monetary and Credit Policy for the First Half of 2004-05 is its timing.
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