Page 81 - Indian Economy

16th Finance Commission: Chairman Panagariya discusses ToR in first meet

The Finance Commission is a constitutionally-mandated body established once every five years to devise a formula for distributing net tax proceeds between the Centre and the states

Yield spread between corporate bond and g-sec narrows in February

Sentiment was also impacted by VRRR auctions by RBI last week to suck out liquidity

Fiscal federalism

Concerns over distribution must not be allowed to fester

January retail inflation eases to 5.1%; December IIP growth at 3.8%

Food and beverage recorded an inflation of 8.3 per cent in January 2024, compared to 8.70 per cent the previous month

Fragile-five days long gone as funds pile Into India, Indonesia: Report

The original 'Fragile Five' which also included Turkey, South Africa and Brazil referred to nations perceived to be most at risk due to their heavy reliance on foreign investment to drive growth

Urea production up 12% in first 9 months of FY24, sales remain flat

Urea demand could re-emerge in a big way for the 2024 kharif season from May and June with the advent of monsoon

Direct tax collections stand at 80% of revised estimates till Feb 10

Growth in both corporation tax and personal income tax was more than the asking rate under RE

Centre can't help if states empty coffers via tall poll promises: Shah

Union Home Minister Amit Shah on Saturday said the central government can't help the states which empty their treasuries after making unrealistic election promises. All states should prepare their budget taking into account development programmes and social welfare commitments, he said at an event here when asked about the allegation of discrimination against some states in the release funds by the Centre. The governments of West Bengal, Kerala and Karnataka recently held protests in the national capital alleging that they were not given their due share of funds, a charge refuted by the finance minister. Shah said in the white paper, tabled in Lok Sabha, Finance Minister Nirmala Sitharaman has given details about the funds given to the states. "The white paper has details of how much funds we have given to the states, how much more funds we have given than what Congress used to give to every state - be it BJP or opposition ruled," he said at the ET NOW Global Business Summit 2024.

I could have laid white paper on UPA's ten yr rule in 2014: PM Modi

PM Modi said that he avoided bringing it in 2014 fearing that the country would lose its confidence

On the cards: Automated reconciliation system to plug I-T mismatches

No documents needed; dept won't send notice

Technical norms for road planners get stricter, to get higher priority

Bidders will have to disclose deficiencies in the past

Readying a detailed road map for third term, says PM Narendra Modi

He said he's preparing a detailed roadmap to make India third-largest economy

Manmohan vs Modi: False debate on both sides

The Modi government needs to thank previous governments for midwifing the GST and highlighting its value, which helped overcome Modi's own reservations about the reform

Land record digitisation will improve GDP: Rural development minister

Digitisation of land records and registration is expected to improve the GDP of the country by about 1.5 per cent, Rural Development Minister Giriraj Singh said on Thursday. He made the remarks at the inauguration of the two-day Bhumi Samvaad on 'Sharing of Best Practices in Land Management Modernization'. Addressing officers from across the country at the conference, Singh emphasized that saturation of the digitisation process of land records and registration will help mitigate the huge pendency of court cases involving land disputes. It will also help in improving the ranking of the country in terms of ease of doing business", he said. "Digitisation of land records and registration is expected to improve the GDP of the country by about 1.5 per cent," he said. Stressing on the importance of emerging technologies such as blockchain and CORS in the modernisation process of land management, he said this will go a long way in achieving the objectives of the government under ...

Monetary policy: RBI dashes early rate-cut hopes, maintains status quo

RBI says lending rates not hiked enough

No quick fixes, took bold reforms to nurture economy: Govt in White Paper

The 59-page document, which compared the last two decades of the United Progressive Alliance (UPA) versus the NDA government, criticised the former for falling short of delivering on crucial reforms

NDA removed supply hitch, created infra: White Paper on Indian economy

Cites transparent allocation of public resources as a catalyst for public welfare

'Sporadic' vs 'saturated': NDA's dig at UPA govt's 10 years in White Paper

A subtext running through the white paper is that a "coalition of 26 parties" couldn't take crucial decisions, such as rolling out the goods and services tax (GST) regime

Delivery of welfare schemes under Modi govt efficient: White Paper

It said during the 10-year rule of the Modi government, the amount unspent meant for schemes in social and rural sectors was just around Rs 37,064 crore

Overdependence on external commercial borrowing under UPA: White Paper

The white paper, tabled in Parliament on Thursday, compared the UPA government's two consecutive terms, starting 2004, vis-a-vis the NDA's tenure, beginning 2014