West Bengal Chief Minister Mamata Banerjee on Monday termed the hike in rail fares as "unprecedented and anti-people" and demanded its roll back in the interest of common people.
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
Slamming the critics who 'started questioning his work' even when he had not seen his office properly, Modi said his government's programmes are mostly for the benefit of farmers and poor people, besides ending the role of middlemen, including in jobs.
There was hope in some quarters that the interim Budget would boost sentiment and lay the groundwork for kick-starting the investment cycle, while staying on a path of fiscal consolidation.
'You cannot judge a government within a month. Give us five years' time.' 'At times, strict economic decisions have to be made for the good of the poor in the long run.' Dharmendra Pradhan, one of the Modi government's stars, speaks exclusively to Sheela Bhatt/Rediff.com about why the government is forced to roll out 'bitter medicine.'
That "Rollback Budget" ushered in an era of rollback.
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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
There are actually great similarities between the two PM
For the seven months since February 2014, the benchmark index surged nearly 27%.
'There is no change in the overall story of economic recovery.'
Oil Minister Dharmendra Pradhan had last month told the Parliament that his Ministry has disallowed RIL from recovering $2.376 billion invested to develop offshore Krishna Godavari gas fields as output has fallen drastically and was way below the promised volumes in past four years.
Seeking to dispel the demoralisation in Congress in the wake of recent electoral debacle, a combative Rahul Gandhi today mounted a blistering attack on Narendra Modi saying those dreaming about Congress-free India will themselves be destroyed.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
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