'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
The government on Monday announced that it has credited revised pensionary benefits along with arrears under One Rank-One Pension scheme to more than 2 lakh pensioners drawing service and disability pensions.
We should have anticipated it on August 5 last year, when we made the big changes in J&K. Amit Shah left nothing to chance when he told Parliament that 'we will bring back Aksai Chin even at the cost of our lives'. 'Then, there were the new maps, objections to the CPEC going through Indian territory, the weather reports.' A broad territorial status quo had existed in Ladakh-Aksai Chin since 1962. India made its intention to change this public, notes Shekhar Gupta.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
Beside manufacturing, deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
Industry bodies said the decisions will help attract much-needed capital, create jobs, encourage collaboration and benefit cash-starved small and medium enterprises.
Amid the coronavirus outbreak, various states have announced partial or complete lockdown and also there is increased focus on social distancing to curb the spread of the deadly virus which has infected over 400 people in the country.
India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday. The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21. The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).
On indirect tax front, the government will earn 21 paise from excise and customs.
Modi said the newly-sworn in government took four major decisions related to farmers' and traders welfare in the first meeting of the Union Cabinet.
Over two lakh posts are estimated to be created by the Central government in its various departments.
There will be many steps which will be taken outside the budget.
The central government has announced national mourning on Monday.
It is a record that the saffron party has created, where the majority of its legislators belonged to the minority community.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
'While fighter pilots must not be sent into combat in inferior aircraft, an obsessive quest for outright combat superiority will leave an air force short of numbers,' says Ajai Shukla.
Amid the charges and counter-charges over the AgustaWestland issue, the Congress on Friday accused the Modi government of "working overtime" tapping the phones of opposition, civil servants and judges.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
Thirty eight per cent of slums are in big cities.
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
The navy wants to spend Rs 40,000 crore on INS Vishal, a choice the army and air force oppose. This is as much about turf as about funding. explains Ajai Shukla.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
Modi, however, welcomed the announcement of 'one rank-one pension' for defence forces.
Defence outlay alone will jump 22 per cent
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
He is not good at thinking through laws and policies. His lockdown produced chaos and misery and didn't stop Covid. His GST finished off thousands of companies and reduced the amount of tax government collects to such an extent that he cannot pay state governments any more, observes Aakar Patel.
The proposed law seeks bars on storing and processing of personal data by entities without the explicit consent of an individual. It, however, provides for exemptions for "reasonable purposes" such as "prevention and detection of any unlawful activity including fraud, whistle-blowing, merger and acquisitions, network and information security, credit scoring, recovery of debt, processing of publicly available personal data and the operation of search engines".
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
The Rafale will surely be flying in Indian skies next year. But the way the BJP government has botched this will cast a shadow on defence acquisitions in the years to come.
'It is almost certainly wrong in assuming that the Modi government will use its strong mandate to undertake some serious reform measures.' 'For it is fairly clear that the government's priorities lie elsewhere, in the powerful home minister's domain,' notes T N Ninan.
The passage of the Union Budget and other key legislations such as triple talaq will be on top of the agenda for the government.
'We have to cut down on manpower to make more for equipment,' Indian Army chief General Bipin Rawat tells Ajai Shukla.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
Our country needs massive investment in access of Rs 50 lakh crore in infrastructure to increase growth of GDP and integrate the nation with a network of roads, airports, railways, inland water and to provide good quality services to the people: FM
However, flow of funds, would naturally rest on economic growth, reports Ajai Shukla.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
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