India is losing the fiscal plot with bureaucrats trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the RBI.
The fund allocation for Chabahar Port in Iran, which India is developing, was slashed by more than half to Rs 45 crore from Rs 150 crore in this Union Budget.
Finance Minister Nirmala Sitharaman’s decision to raise duties on fuel is unlikely to threaten the inflation outlook, keeping alive expectation of more rate cuts.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
All shareholding families feel the pain. That includes the government itself, in the form of its ownership of PSUs, apart from institutions like LIC which have large portfolios. Saw some of the mandarins being interviewed after the Budget. They are not instinctively reformers or market oriented. Just interested in disinvestment proceeds to shore up the fisc.
All shareholding families feel the pain. That includes the government itself, in the form of its ownership of PSUs, apart from institutions like LIC which have large portfolios. Saw some of the mandarins being interviewed after the Budget. They are not instinctively reformers or market oriented. Just interested in disinvestment proceeds to shore up the fisc.