Confederation of Real Estate Developers' Association of India had recently stated that real estate projects were experiencing time and cost overruns due to shortage of labour because of schemes like Nrega.
That apart, farmers will get loans for post-harvest storage of their produce at a subsidised interest rate of 7 per cent for six months.
The minister also exuded confidence that India would be able to sustain 20 per cent export growth in the current fiscal.
Ramesh opposes Pawar's plan to provide cheap labour to farmers under NREGS.
'Our views are different on fundamental matters right from the question of citizenship, all the way up to what the character of the Government should be, how a democracy should function and whether investigation agencies should be allowed to function independently.'
Centre has already started work on developing a mechanism to ensure states producing any item in excess is able to transport it to other states where there is demand
The finance minister may stagger some of the recommendations.
'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
The report by the High Level Advisory Group said India stands to benefit even more when the US and China are locked in a global trade war.
When agricultural holdings get fragmented over years, the state government has the power to step in and help farmers pool their land parcels for improving land productivity, after which the pooled land is divided up into larger plots. Instead of the fragments they hold, a farmer gets a single contiguous patch of an equal size. But, it is done only for agricultural holdings. In Kot village, however, the consolidation has been ordered for the entire village land, including the hilly forested commons, which are already pooled. This is not the first time that the Haryana government has attempted such a consolidation of Kot common lands.
Senior Congress leader Priyanka Gandhi on Tuesday asserted that her party, if voted to power in Assam, will bring a new law to 'nullify' the Citizenship Amendment Act (CAA) in the state.
'He is not looking at the interest of farmers. He only wants to do the politics of elections.' 'This Budget is for the new super India. It is exploiting the villages of Bharat.'
The government will announce minimum support prices for kharif.
'The current economic contraction is certainly due to the lockdowns as a response to the pandemic, which is an act of God.' 'Nobody has seen such a thing in the last 100 years.' 'Saying that this was an act of mismanagement is largely incorrect'
The restrictions imposed in March led to a sharp slump in demand from bulk consumers like hotels, restaurants, and roadside tea stalls, as they were forced to shut down. Sales of major milk products such as ice-cream, butter milk, and cheese, which usually spike during summer, also dropped.
Till August 5 last year, except for parliamentary elections, these refugees were barred from voting in Jammu and Kashmir's assembly, panchayat and urban local body polls.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
Farm loan waivers should not be regarded as expenditure but as incentive and investment, argues B S Raghavan, the distinguished civil servant.
The government is doing things in agriculture that count for little, says Shreekant Sambrani.
Nomura expects the fiscal deficit target of 3.5 per cent for 2016-17 to be met and to be consolidated further to 3 per cent of GDP in 2017-18.
Allegations abound that traders milked the scheme to artificially keep prices down, while a significant amount of growers didn't even register owing to multiple difficulties in registration and were deprived of the payout.
The 71st Republic Day was celebrated in Kashmir amidst tight security. Lieutenant Governor's advisor presided over the main function. However most mainstream politicians stayed away.
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
WhatsApp has drawn massive criticism from users globally, including India over concerns that data was being shared with its parent company, Facebook. WhatsApp, on its part, has maintained that messages on the platform are end-to-end encrypted and that neither WhatsApp nor Facebook can see the private messages on WhatsApp's platform.
The government is committed to taking all initiatives needed for the development of the agriculture sector and farmers' welfare, he said.
Experts said many of the programmes started in the last one year have been dogged by poor implementation, something which the state seriously needs to answer as it faces a tough electoral battle in the months ahead.
India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
The budget is "farmer friendly, common citizen friendly, business environment friendly" and will add to 'ease of living' and 'ease of doing business', Modi added.
Most farmers want to give Modi a second chance. They hope that the BJP loses at least 50 seats, so that it is dependent on its coalition partners who will then keep a check on Modi.
'If we do not burn the residue, wheat sowing will be delayed and that will ultimately affect the yield'
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
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.
The proceedings of Lok Sabha and Rajya Sabha were adjourned for the day on Tuesday amid continuous protests by opposition members over the Pegasus snooping row and farm laws, as they demanded that discussions be taken up on the issues in the House.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Assured return schemes tend to account for a significant share of an investor's portfolio. As the name suggests, these schemes offer assured returns i.e. investors know upfront how much return they are going to earn from their investments. Therefore, there is less uncertainty i.e. lower risk associated with investing in such schemes. Notwithstanding the benefits offered by these schemes, not all assured return schemes make worthy investments.
Tuesday's meeting at the PM's residence, attended by all the five secretaries in the finance ministry besides top officials of other economic ministries and NITI Aayog, cleared a five-year vision plan for the government to make India a $5-trillion economy by 2024.
The performance of Janata Dal-United has down compared its performance in the 2015 elections and the ruling party could not win even half of the number of seats it contested in this election.
The Jat vote is crucial in winning at least 40 assembly seats in Western UP, which has been in the grip of a widespread farmer movement, reports Nitin Kumar.
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