The ministry's comments align with the government's goal of making India a developed economy by 2047, a target that economists have said requires growth of 8%-9% every year.
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.
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.
A public meeting, where the women voiced their protest, took place this month in Delhi, grounded on the findings of an AIDWA survey, covering 9,000 women borrowers.
Joint submarine patrol ‘covered more than 2,000 nautical miles’ and was joined by Russian support vessels. Beijing maintains exercise ‘not directed against any third party’.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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