Despite being a loss-making entity, Pakistan Railways, with an annual deficit of PKR 55 billion, is now planning a $62 billion corridor under the CPEC 2.0 announced in 2024.
Maharashtra, Haryana, Delhi & Tamil Nadu top the chart when it comes to these frauds. Together, they account for 69% of the total reported frauds, according to FinMin data.
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.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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