Page 13 - Indian Government

'Most JP Morgan index clients to invest directly in Indian govt bonds'

India's inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September

PMO has become catalytic agent infusing new energy into system: PM Modi

Prime Minister Narendra Modi said Monday his office has become a "catalytic agent" which infuses new energy and dynamism into the system, and claimed that it used to be seen as a big power centre 10 years ago. Addressing staffers of the Prime Minister's Office (PMO) after he began this third term, Modi said his only goal is "nation first" and his only motivation "Viksit Bharat", adding that this was his expectation from them as well. "My every moment is for the country," Modi said, asserting that he has promised to work round the clock to achieve the goal of India becoming a developed country by 2047. The PMO should be for service and it should be a people's PMO and not Modi's, he said, adding that he was not born to rule and he does not think about accumulating power. The 140 crore people of India are always on his mind and he considers them a form of God, Modi said. In the last three months, Modi said in an apparent reference to the election campaign, he witnessed their strength

Rising India food costs likely snapped inflation downturn in May: Report

The Reuters poll of 50 economists conducted June 5-10 predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent last month from April's 4.83 per cent.

Hindu-Muslim coalition back

The Muslim vote is the BJP's biggest worry. Knives are already out and probing its most critical fault line. Without recovering UP, the BJP's decline threatens to become chronic, and progressive

Reforms for 'Viksit Bharat' may not fall prey to new coalition government

But, in coalition, the focus may go off specific policies such as labour codes and privatisation

UPS in talks with govt to make some parcel-tracking tags in India: Official

UPS began expanding its use of radio-frequency identification (RFID) tags on packages about two years ago, helping its workers avoid millions of package scans per day

India needs mandate for clear, continuous leadership: Ex-diplomat Shringla

India requires a mandate for a clear and continuous leadership that can take decisions to make it a developed nation by 2047, former top Indian diplomat Harsh Vardhan Shringla said Wednesday. Shringla said even in the US he has got an impression that the administration would like to see a clear mandate in India that would make it a strong economic power. What we need is a mandate for a clear and continuous leadership that can take the decision that will take Bharat to a Vikshit Bharat stage by 2047, Shringla told PTI. The former foreign secretary and the Indian Ambassador to the US is currently on a private visit. The youth, which is the majority of the country, expect that and they will provide a mandate to the leadership that will bring them the best opportunities and take us to a situation we have never even dreamt of being a developed country in every sense of the world whether it is women empowerment, economic, socioeconomic or environmental developments, he said. I think we

Govt eyes Rs 1 trillion in dividend from RBI to meet budget deficit target

A big surplus transfer will help the government in meeting any shortfall in disinvestment receipts and create room for funding welfare programmes after the elections

Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks

The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said

Raft of exemptions for government companies covers Sebi, MCA, CCI

The rules surrounding MPS requirements have differed for PSUs compared to their private sector counterparts

Govt should strongly condemn killing of ex-Army officer in Gaza: Gokhale

Trinamool Congress MP Saket Gokhale on Wednesday wrote to External Affairs Minister S Jaishankar, urging that the government strongly condemn the killing of a former Indian Army officer in Gaza. Col Waibhav Anil Kale, 46, who took premature retirement from the Indian Army in 2022, had joined one of the UN agencies three weeks ago. He was killed in war-torn Rafah in Gaza on Monday morning, becoming the "first international casualty" for the world body since the Israel-Hamas conflict started last year. "It is shocking that a retired Indian Army colonel was killed by Israel in Gaza and the shameless Modi Govt hasn't uttered a single word," Gokhale said in a post on X, where he shared the letter written to the External Affairs Minister. Gokhale said the former Army officer was travelling in a clearly-marked UN vehicle when he was killed. "It is clear from reports that Col. Kale was killed when his convoy was attacked in a strike by the Israel Defense Forces (IDF). There is ...

With IPO in mind, Flipkart may move domicile from Singapore to India

The move by the company, valued at $33 billion, may provide a huge tax gain for the Indian govt

Engaging with govt on AI, see big opportunities: Krutrim's Ravi jain

The vision is to enable the developers to do cutting-edge innovation. These platforms or tools that developers need are computing and services and that is what we have opened up

The post-June 4 challenges

Both majority and coalition govts will have to rule by consensus henceforth

Ayushman Bharat Diwas 2024: History, importance, steps to register

On April 30, Ayushman Bharat Diwas, also referred to as Pradhan Mantri Jan Arogya Yojana (PM-JAY) Divas, is observed. The day's objective is to raise awareness of the scheme and its advantages

An agenda for next government

India's growth model needs a serious course correction

Road execution in India to grow 5-8% in FY25 to 12,500-13,000 km: ICRA

Road execution in India is likely to grow 5-8 per cent to 12,500-13,000 km in the current fiscal, after recording a robust expansion of 20 per cent in 2023-24, rating agency Icra said on Tuesday. It added that the pace of execution in this fiscal will be supported by a healthy pipeline of projects, increased capital outlay by the government and focus on completion of projects by Ministry of Road Transport and Highways (MoRTH). Icra noted that road execution was impacted in the first half of FY24 on account of a prolonged monsoon in certain geographies, which affected productive days. According to Icra, the ministry's project award pipeline is healthy, at above 45,000 km as of March 2024. This is despite the awarding being significantly impacted in FY24 amid delay in approval from the Cabinet for the revised cost estimates of Bharatmala Pariyojana Phase 1 (BMP), it added. Consequently, the overall awards declined by 31 per cent to 8,551 km in FY24 from 12,375 km in FY23. Icra poin

VP moves Dhankhar into new official residence with secretariat, pool

New Vice-President Enclave near North Block in central Delhi is the first completed residence under the Central Vista redevelopment plan

Govt hikes windfall tax on crude to Rs 6,800 for 5th time since Feb

The windfall tax, which is revised fortnightly, remains at zero for diesel and aviation turbine fuel

India's income inequality at 100-year high; worse than colonial era: Study

The top 1 per cent of Indians hold the maximum national income share at 22.6 per cent compared to key peers