The PAHAL scheme was first launched under the UPA government in 2013, and was then revised and relaunched after the Modi government came to power in 2014.
The government will have to do a balancing act, maintaining growth and macroeconomic stability by keeping fiscal and current account deficits within manageable limits.
So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.
The 20.1% growth in Q1 FY22 was largely driven by the base effect. Structural reforms including disinvestment and bank privatisation needed to ensure a sustained growth path.
In absolute terms, the fiscal deficit was at Rs 2,74,245 crore. For the current financial year, the government expects the fiscal deficit at 6.8% of GDP or Rs 15,06,812 crore.
The use of Article 282 to implement centrally sponsored schemes remains a source of tension. Public health can be a starting point to take a hard look at intergovernmental transfers.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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