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.
However, flow of funds, would naturally rest on economic growth, reports Ajai Shukla.
'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.
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
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.
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.
So what could the Budget be like this time? What should it be like?
Sanjay Gupta, author of The Himalayan Face-off: Chinese Assertion and the Indian Riposte and deputy executive editor with the Hindustan Times, talks to Rediff.com's Vicky Nanjappa on Chinese incursions, Beijing's worrying defence budget, the curiosity generated over ties with our neighbours and more.
He also advised Congress chief Rahul Gandhi to "learn" from former defence minister Pranab Mukherjee "lessons on national security."
There is growing alarm at the inexorable rise of China, both of its military prowess and its aggressive bullying of other countries plus its subjugation of whole portions of its own population.
Military veterans are finally set to get their dues following Defence Minister Manohar Parrikar's assertion that the 'One Rank One Pension' scheme is just weeks away from being implemented.
Two premium new long-distance trains and plan to convert a strategically important metre gauge line into broad gauge were announced on Wednesday for the Northeastern region in the Railway Budget, but opposition BJP and AGP dubbed the sops as "frustrating".
'What does Bhagwat think his militia will do once it is at the border?' 'What does Bhagwat imagine his Sangh followers will do that will protect Mother India?' asks Aakar Patel.
'For every act of terrorism on Indian territory for which there is credible evidence pointing to the Pakistan army and the ISI's involvement, carefully calibrated military strikes must be launched against the Pakistan army,' says Brigadier Gurmeet Kanwal (retd).
'The debate is not whether the Indian defence apparatus is in a state of disrepair, but whether it is capable of securing the defence of the country if any envisaged threat becomes real.'
The MPs went right up to the entrance of South Block, but were stopped at the first check point.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
Defence Secretary Robert Gates said the US Joint Forces Command would close, the use of outside contractors would be cut and the number of generals and admirals reduced. The command, which is based in Norfolk, Virginia, has an annual budget of US $ 240 million and 2,800 military and civilian employees.
The Budget has to provide for capex on roads, railways, defence and other infrastructure sectors.
The fuzziness of Trump's economic blueprint remains the biggest risk.
We have to wait and see whether Jaitley's Budget speech translates into actions and desired outcomes, says T N C Rajagopalan.
IOA Finance Committee chairman Khanna defends decision on Tokyo Games hotel bookings for Tokyo Games, says can't authorise expenditure in absence of approval from President or Secretary General. Indian Weightlifting Federation secretary general Sahdev Yadav resigned as member of the finance committee, saying he was doing so "to maintain self-respect".
In an unprecedented move, defence ministry issues detailed chronology of action on both the background to the decision to buy and what action it took since the first reports of alleged corruption appeared in the media. Ajay Shukla reports
Pharma stocks have performed well after Budget
'Whichever option India chooses, it should be clear to the government that the China-Pakistan nexus poses a clear and present danger to national security,' says Brigadier Gurmeet Kanwal (retd).
With the second phase of Parliament's Budget session set to start next week, Congress President Sonia Gandhi on Friday held a strategy meeting with senior leaders at a time when the Opposition is expected to raise the coal scam and 2G spectrum issues.
Whatever its apprehensions and concerns about the regime of the Rajapaksa clan, India must be ready with unconditional assistance when Colombo asks for it. Because it will, observes Aditi Phadnis.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
The Covid pandemic has left a question mark on how the central government manages its staff.
'Parsis are brought up with a great sense of the importance of truth and speaking your mind.'
President Pranab Mukherjee addressed a joint session of Parliament ahead of the budget session which began on Tuesday. Here are the highlights of President Pranab Mukherjee's speech:
Jaitley, 66, has become 'very weak' as his health has deteriorated over the past few weeks, sources said, adding that he has developed some throat condition as well that prevents him from speaking for long.
'The stimulus message was tagged on to what was meant to be an exhortation to self-reliance, glossing over the near impossibility of merging the immediate requirement of relief for a huge population and a questionable strategy for the future trajectory of a large economy aspiring to superstardom,' points out Shreekant Sambrani.
Andhra Pradesh Chief Minister N Chandrababu Naidu alleged that it was the Centre which ensured the disruption by provoking All India Anna Dravida MUnnetra Kazhagam over the Cauvery issue.
Poonawalla said the price will be around USD 5-6 per dose with an MRP of around Rs 1,000 for the two necessary doses.
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
Global experience in allowing corporate groups to set up banks reveals that stringent regulation is the best defence against malpractice.
More than half-a-century after humiliation in the 1962 war, India is still not prepared to take on the Chinese dragon. Every now and then, that dragon flexes its muscles, reminding India the threat persists, says Virendra Kapoor.
Group Captain Murli Menon (retd) reveals how India can neutralise the Pakistan air force's combat capabilities without firing a shot.
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