With state budget due in March, Siddaramaiah-led Congress govt has been trying to generate revenue to make up for shortfalls which have been estimated to be in the range of Rs 10,000-15,000 cr.
In his I-Day speech, PM also spoke about reforms initiated by his govt, saying that in ongoing monsoon session, over 280 provisions were removed from I-T law, making governance simpler.
A long list of reforms has begun doing the rounds among policy experts, industry bodies, and think tanks. The argument is to help Indian economy weather the storm unleashed by Trump's tariff regime.
Response from political parties, without exception, is to offer non-solutions to very real problems in agriculture, and of unemployment and low incomes. Palliatives are not solutions.
Even if credit expansion to corporates begins today, it’s too late for there to be any real impact in terms of new investments and job creation before May 2024.
In an 'Off The Cuff' conversation with Shekhar Gupta & Manasi Phadke, Mahesh Vyas, also the CEO of Centre for Monitoring Indian Economy, also spoke of bringing reforms in the Indian economy.
India's growth rate has slowed down due to a lack of adequate measures for economic freedom and also effective measures to check corruption, writes Raghavendar Askani.
BJP leaders feel pro-welfare schemes like free food grains and DBT transfers during pandemic have worked electorally. This will embolden govt to undertake pending reforms.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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