Six months after the lockdown was imposed, two dozen migrant workers were interviewed across five villages of Prayagraj. As the economy opens up, most of them are either hunting for a job or desperately waiting for a phone call from their previous employers. But the bruises of the lockdown are still fresh in their minds. Somesh Jha reports.
The Union Budget 2016-17 has cheered the NBFC sector
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
The NDA govt launched the Mudra scheme to give unsecured loans of up to Rs 10 lakh to small enterprises with the objective to provide self-employment
Recently, the government announced yet another ambitious scheme aimed at providing health insurance to 50 crore individuals.
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:
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
He said while the previous UPA government hid the bad loans, his government has properly recognised them and brought tough laws to deal with defaults and recovery money.
Alipay payment service is about bringing the world's consumers and businesses together.
Tackling black money gets worst rating; Swachh Bharat, Digital India score poorly.
He assured the startups that both the banking system and the government will make the resources available to them
There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.
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'India is doing better than when we took office 17 months ago'.
'High denomination cash notes which was 1.4 lakh crores of Rs 500 and Rs 1,000 notes in 2004 became Rs 15.5 lakh crores in 2016.' 'If it had been allowed, by 2022, it would have been Rs 34 lakh crores, and that would have been the end of the Indian economy.' 'Demonetisation was a huge hit on the head of the economy, but without the hit, you could not U-turn the economy.'
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
Pulbic banks have no reason to cheer Budget announcement.
While inaugurating the projects, Modi said highways construction has reached 27-km a day from mere 12-km a day during the Congress regime.
According to BJP strategists, PMJAY and the PM Ujjwala Yojana will form the nucleus of the Modi government's re-election campaign.
Chief ministers of states like Andhra Pradesh, Kerala and Karnataka were among those who raised the issue of loan waver scheme for farmers.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
The original idea was to replace the existing schemes for scheduled castes and tribes.
'One big leader said you might get 3 lakh votes and still lose.' 'I said if I do I will make sure you are sleepless because it will be me and three lakh people.'
'When the campaign started the Congress said it had been miserable for the last 27 years for UP and that people should get rid of those who made it miserable, and that they should bring back the glorious years of the Congress.' 'Then they joined hands with those who ruled for the last 26 years. Some called it a shrewd strategy, but to the people this was not shrewdness.' 'Where is the credibility in your actions when you change direction of the campaign?'
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
Describing north-east as the "gateway" to south-east asia, Prime Minister Narendra Modi on Friday said his government has been pro-actively pursuing the 'Act-East Policy'
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
'We have Hindu values, Hindu customs, Hindu philosophy, Hindu way of looking at all religions as acceptable.' 'These are all great assets of India.'
'What the government should do to create jobs is to help revive the MSME sector.' 'This sector gives employment to lakhs of people.' 'The MSME sector provides more employment than the big industries.' 'So, what should be done immediately is to revive the MSME sector.'
Dr Ashwani Mahajan, all India co-convenor of the Swadesh Jaagran Manch and an associate professor at the Delhi University, discusses the state of the Indian economy in an interview with Rediff.com's Shobha Warrier.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
'The Opposition has no option but to make it an 'All versus One' fight to even think about winning.'
'We are completely engaged in fighting poverty; alas, our neighbour Pakistan seems only engaged in fighting us.'
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
NDA government has shunned populism.
Indian economy about to take-off
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