Fifty-six months on, the government's record in implementing these schemes and projects has been mixed, report Arup Roychoudhury and Indivjal Dhasmana.
Consensus seems a problem before the current session of Parliament ends.
'This prime minister thinks he knows everything.' 'He has to consult, he has to talk and he has to mobilise the best people, but having seen him function, I have no expectations from him.'
'The whole country has to aspire to move up. They should look at their neighbours, see where they are, and should work to get there.'
'The next general election is four years away. That's enough time to recover -- provided the government stops spending and taxing so much,' says T C A Srinivasa-Raghavan.
The Comptroller and Auditor General of India (CAG) has pointed out several flaws in the financial practices of the Gujarat government and said there was a need to formulate a realistic budget based on the needs of the departments.
With the Bihar government releasing the findings of its caste survey, pressure seems to be mounting on the Karnataka government, especially within the ruling Congress, to make the state's Socio-economic and Educational Census, popularly known as the 'caste census', public.
Prime Minister Narendra Modi on Tuesday asked financial institutions to come out with innovative and futuristic financing as well as risk management ideas to fund the emerging needs of the economy. Stating that implementation of green financing is the 'need of the hour' to meet net-zero carbon emissions target by 2070, Modi said financial help should be extended to environment-friendly projects. "Our financing sector will have to look into new futuristic ideas, initiatives and think of innovative financing and sustainable risk management ideas," Modi said in a post-Budget webinar on 'Financing for growth and aspirational economy'.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Stocks like L&T, DLF and ITC are likely to offer good returns in medium term.
Railways to have functional autonomy, bear salary burden
Sitharaman said the government will bring in a new national education policy to transform India's higher education system into one of the best in the world.
Hitting out at the Dravida Munnetra Kazhagam for boycotting her government's budget on Monday on the ground that she had made many important announcements ahead of it, Chief Minister Jayalalithaa on Wednesday said she had only implemented proposals announced earlier.
We should work in unison to boost growth: FM
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
Chidambaram said if one went by the number of people attending the conferences and questions they asked, it clearly showed there was enormous interest in and goodwill for India.
The markets have reacted to the Budget with a sense of unease and disappointment. Maybe expectations were unrealistic, and we are unfair in expecting so much in the short period of time the FM had to prepare and present the Budget.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
'Nirmalaji must consider herself a very lucky finance minister, partly because of the government's response to covid and partly because we as a nation have done very well as an economy, post pandemic.'
Boost to dairy sector will generate jobs
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
'Well done, Mr Jaitley, now go and implement your schemes. No leakages, no lapses and no laziness.'
Whether you have a two bedroom or a three bedroom house, you can convert it into a smart home starting at Rs 60,000 to Rs 70,000.
Finance Minister P Chidambaram on Tuesday said the budget has attempted to clean up the tax regime and aims at spurring investment and implementing the goals outlined in government's National Common Minimum Programme.
Govt mulls gradual switchover to the January-December financial year
All meter gauge, narrow gauge sections to be made broad gauge.
Suresh Prabhu presented the Railway Budget on Thursday.
Finance Minister Arun Jaitley will take a final call on whether to break the tradition of presenting a separate Rail Budget, by merging it with the General Budget.
The Centre could better its fiscal deficit at 6.6 per cent of GDP in this financial year on stronger-than-expected revenue buoyancy, even if the budgeted disinvestment target is not met, Fitch Ratings has said. The international rating agency had last week kept the sovereign rating unchanged at 'BBB-' with a negative outlook, and said that the risks to India's medium-term growth outlook are narrowing with rapid economic recovery from the pandemic and easing financial sector pressures. In an email interview with PTI, Fitch Ratings Director (Asia-Pacific Sovereigns) Jeremy Zook said the two key positive triggers that could lead to a revision of the outlook to stable are implementation of a credible medium-term fiscal strategy to lower debt burden and higher medium-term investment and growth rates without the creation of macroeconomic imbalances, such as from successful structural reform implementation and a healthier financial sector.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
From all indications, Sunil Kanugolu is here to stay, though whether his magic will help the Congress in the northern states in the Lok Sabha elections remains to be seen, wonders Aditi Phadnis.
There will be a review of employee compensation arrangement in the light of the new rules.
Software body Nasscom expressed its disappointment over the budget as it has no fresh proposals for the USD 100 billion Indian IT-BPO sector even as the industry's request to exempt SEZ income from Minimum Alternative Tax has been ignored.
The Institute of Chartered Accountants of India has shortlisted the changes it hopes to see in Budget 2017.
A roadmap for the consolidation of public sector banks will be outlined during the year.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
