Finance Minister Sitharaman further said there should be a simple approach between public sector banks so that exporters are not be made to run between banks to scout for better offer.
Without bureaucratic capability, India's plan could become a transfer of taxpayer-funded assets to a handful of businesses. Finding balance between public & private interests is key.
The latest Monthly Economic Review, released by the ministry, stated that there are visible signs of economic rejuvenation since the second half of May.
Finance ministry is yet to finalise modalities to seek approval in Parliament for the sale, which leaves little time for the process to be completed this year.
The Union Cabinet on 14 July had decided to restore Dearness Allowance and Dearness Relief for central government employees and pensioners while increasing the rate of allowance to 28%.
Releasing it’s monthly economic report for June, the ministry further said that a health monsoon, increasing Kharif sowing, and unlocking of states is expected to ease inflation.
Cairn Energy has been moving aggressively to push the Modi govt to comply with the $1.7 billion arbitration award that it won in December 2020 in the retrospective taxation case.
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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