(PTI) The government should focus on alternate measures to stimulate economy as it is not possible to give fiscal stimulus, NITI Aayog Vice-Chairman Rajiv Kumar said ahead of the Budget. Kumar also said growth-enhancing measures are the need of the hour to achieve India’s potential growth rate of 7-8 per cent per annum. He attributed the current slowdown to low investment, muted consumption expenditure and lagging exports.Experts are divided over whether the government should provide stimulus to boost slowing economy without bothering too much about fiscal deficit.”Growth-enhancing measures are the need of the hour to achieve India’s potential growth rate of 7-8 per cent per…
Author: Aruna Sharma
(AU) अगर आप बैंक के कामकाज निपटाने के बारे में सोच रहे हैं तो अलर्ट हो जाइए। ऐसा इसलिए क्योंकि आप अगले तीन दिनों तक बैंक के काम नहीं निपटा पाएंगे। कल से लगातार तीन दिनों तक देश में बैंक बंद रहने वाले हैं। 31 जनवरी से बैंक यूनियनों ने दो दिन की हड़ताल की घोषणा की है। यानी 31 जनवरी और एक फरवरी 2020 को हड़ताल के चलते बैंक बंद रहेंगे। वहीं दो फरवरी को रविवार है, इसलिए उस दिन भी आप बैंक का कोई कामकाज नहीं कर पाएंगे। इतना ही नहीं, यूनियन ने मार्च के महीने में तीन…
(PTI) The government is expected to realise Rs 39,500 crore from the Sabka Vishwas Scheme, a dispute resolution-cum-amnesty scheme for settling pending disputes of service tax and central excise, according to sources. This will act as a big booster for the government, which is staring at revenue shortage from both direct and indirect taxes. Nearly 1.90 lakh applications involving duties of about Rs 90,000 crore were filed during the amnesty window which closed on January 15, sources said. The Central Board of Indirect Taxes and Customs (CBIC) closed the Sabka Vishwas (Legacy Dispute Resolution) Scheme with duty payable being Rs 39,591.91…
(PTI) A terrorist was killed and a policeman was left injured in firing near Bann toll plaza on Jammu-Srinagar highway on Friday, officials said. The police intercepted a Srinagar bound truck at the toll plaza on the outskirts of Jammu around 5 am. The terrorists who were travelling in the truck fired on police when it was stopped for checking near the toll plaza, triggering an encounter. Two explosions were also heard near the encounter site. According to a PTI report, a group of 3-4 militants were travelling in the truck. While one was killed in the gunfight, the rest managed to…
(AU) संसद के बजट सत्र का पहला चरण शुक्रवार से शुरू होगा। राष्ट्रपति रामनाथ कोविंद के अभिभाषण से सत्र की शुरुआत होगी। शुक्रवार को ही सरकार दोनों सदनों में आर्थिक सर्वेक्षण पेश करेगी, जबकि शनिवार को आम बजट पेश करेगी। आर्थिक सर्वे की प्रतियां संसद पहुंच गईं हैं। वित्त मंत्री निर्मला सीतारमण आज आर्थिक सर्वेक्षण 2019-20 पेश करेंगी। दिल्ली विधानसभा चुनाव के बीच हो रहे बजट सत्र में नागरिकता संशोधन कानून, जेएनयू-जामिया में हिंसा, जम्मू-कश्मीर में नेताओं की नजरबंदी और आर्थिक सुस्ती के मसले पर हंगामा होना तय है। शुक्रवार को राष्ट्रपति के अभिभाषण के जरिये मोदी सरकार अगले एक साल की…
(LiveMint) Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation’s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian nation met executives of companies including British Airways parent IAG SA, IndiGo, India’s biggest airline that’s operated by InterGlobe Aviation Ltd., SpiceJet Ltd. as well as Tata Sons Ltd., the people said asking not to be identified discussing preliminary meetings. A successful sale of Air India Ltd. after a failed attempt in 2018 is crucial for Prime Minister Narendra Modi to help bridge a…
(ET) Indian Oil Corporation, the country’s largest fuel retailer today posted an over three times jump in consolidated net profit at Rs 2,695 crore for the third quarter ended December 2019. The company had posted a consolidated net profit of Rs 767 crore in the corresponding quarter a year ago. “The variation is majorly on account of inventory gain during current quarter against inventory loss during corresponding quarter of previous financial year, partly offset by lower refining margins and exchange losses during current current,” IOC said in a statement. The company recorded an inventory gain of Rs 1,608 crore for the third quarter ended December…
(LiveMint) India’s food ministry has sought more than 2 trillion rupees ($28.1 billion) to run the world’s biggest food welfare programme in the fiscal year beginning April 1, three government sources said. But the government is likely to earmark only around 1.90 trillion rupees, they said. “The finance ministry may not be able to allocate more than 1.9 trillion rupees in the budget,” one source – an official – said.Details on the level of subsidy will be made public when Finance Minister Nirmala Sitharaman presents the 2020/21 budget on Saturday.An inadequate allocation could force the state-run Food Corp of India, the…
(LiveMint) A day before the start of Parliament’s budget session, Prime Minister Narendra Modi pointed to the importance of the economy at an all-party meeting, adding that there should be greater focus on how the global scenario could be turned in favor of India. At the meeting called by the National Democratic Alliance (NDA) government, Modi made clear the government was ready to discuss all issues raised by the Opposition. According to parliamentary affairs minister Pralhad Joshi, the prime minister, in his concluding remarks on the economy, spoke of how India could take advantage of the situation, keeping the global perspective in mind.…
(ET) With the government’s aim of reducing India’s oil import dependence by 10 per cent by 2022 not picking up pace, oil minister Dharmendra Pradhan today said his ministry is developing a new strategy to achieve the target. “Crude oil will continue to play a critical role at this stage of our development in meeting our energy requirements. Our government had set a road-map on reducing India’s crude oil import dependence by 10 per cent by 2022. We are developing a new strategy and initiatives to achieve this target,” he said, speaking at the World Sustainable Development Summit 2020 organised by TERI here. India’s oil import dependence…