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.
If successful, FPO is expected to not only increase company’s competitiveness & slow its ongoing loss of market share, but also to significantly reduce risk of a duopoly in the industry.
While boosting capex & rural spending, govt has set fiscal deficit target of 5.1% of GDP, which means Centre will have to borrow less to finance deficit, allowing pvt sector to borrow more.
Health ministry allocated Rs 90,657 crore for FY 2024-25, 1.6 percent higher than the full Budget presented last year and 12.5 percent higher than the revised estimates for 2023-24.
Data released by Central Board of Direct Taxes shows India’s direct tax collections have been rising strongly over the past decade, as has number of those filing returns and actually paying tax.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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