In her first budget Friday, Sitharaman will be under pressure to spend more to reinvigorate the economy & find resources for Modi’s welfare programmes.
Analysts expect the new Modi government’s first budget on July 5 to tweak fiscal levers, to boost the economy and get it back on a faster growth track.
Finance Minister Nirmala Sitharaman is considering raising income tax exemption limit for working-age individuals to Rs 3 lakh from Rs 2 lakh at present.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
What are required are radical departures from the way the economy has been managed over the last five years. Without saying it in so many words, there must be an acknowledgement that the last five years have been disappointing, a secular sag for which there are no good reasons. Soldiering on like an ice cutter will not take us in the direction of $ 5 trillion.
… icebreaker …
What are required are radical departures from the way the economy has been managed over the last five years. Without saying it in so many words, there must be an acknowledgement that the last five years have been disappointing, a secular sag for which there are no good reasons. Soldiering on like an ice cutter will not take us in the direction of $ 5 trillion.