-PTI Finance Minister Arun Jaitley, during a debate on demonetisation in the Upper House on November 17, 2016, had termed the loan issue of Vijay Mallya a "terrible legacy" that the NDA government had inherited from the previous UPA regime. The finance ministry has told the Central Information Commission (CIC) that it does not have information about the loans given to industrialist Vijay Mallya, prompting the transparency panel to remark that the...
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Eco Survey 2018: FY19 GDP growth seen at 7-7.5% Surabhi
-The Hindu Business Line The Survey has said that India can be rated as among the best performing economies in the world The Economic Survey 2018 has pegged FY19 GDP growth at 7-7.5%. The Finance Minister Arun Jaitley on Monday tabled the Economic Survey 2017-18 in the lower house. The Survey has said that India can be rated as among the best performing economies in the world as the average growth during...
More »From Plate to Plough: How to help the farmer -Ashok Gulati & Siraj Hussain
-The Indian Express Price deficiency payment schemes in Madhya Pradesh and Haryana do not cover farmers’ losses. Telangana’s input support scheme deserves nation-wide emulation. Farm distress is likely to be one of the major focal points of the upcoming Union Budget. Agri-GDP growth has fallen to around 2 per cent per annum in the first four years of the Modi government; the real incomes of farmers have fallen as well. The growth...
More »India Economic Survey 2018: Arvind Subramanian says economic revival underway; 4 key takeaways -Sushruth Sunder
-The Financial Express India Economic Survey 2018: Chief Economic Advisor Arvind Subramanian says that the Indian economy is showing robust signs of recovery and a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. Addressing media in the press conference post release of the economic survey, CEA Arvind Subramanian noted...
More »Landless cultivators to be farmers too! Change of definition to extend assorted benefits to 14 cr currently excluded -Prabhudatta Mishra
-The Financial Express Over 14 crore households who cultivate on land owned by others under a formal lease agreement or even under a temporary arrangement overseen by the gram panchayats or other official functionaries may soon start getting assorted sops doled out to “farmers” by the government just as their land-owing counterparts do. According to official sources, the definition of farmer will be changed via a gazzette notification to include cultivators...
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