Vumlunmang Vualnam named expenditure secy, K Moses Chalai secretary, Dept of Public Enterprises. This is 1st time Centre's appointed ST members from Northeast as finance ministry secys.
Singh often quoted a 19th century German statesman, saying: ‘Politics is the art of the possible.’ He believed designing reforms might be a science, but executing them was an art.
TV Somanathan has acquired the reputation of being a civil servant who could work with leaders of different political parties with equal ease and effectiveness.
PSBs have seen recoveries of written off loans growing faster than fresh write-offs since 2019-20, according to data provided by Ministry of Finance in Rajya Sabha.
Instead, govt will use ratio of govt debt-to-GDP as anchor for fiscal policy, Somanathan said. Historically, India has targeted fiscal deficit of 3% of GDP but failed to achieve it.
While a senior IAS officer argued that educational qualifications play key role in domain expertise, an ex-finance secy says what secretary-level officers learn on ground matters far more.
If corporate India and the stock markets want stability, and PM Modi wants someone who unquestioningly follows his directions, then Sitharaman is the right person for the job.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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