Finance minister’s focus on growth and equity is incomplete. He should have acknowledged the trade-off between the need for energy and the imperative of environmental protection.
After nine months of tinkering, with this budget, the government has begun institutional change. Yet, reneging on the promised fiscal consolidation is a problem.
Mr Narendra Modi and his ministers started by believing their election rhetoric that the Indian economy was in the doldrums.
Yet again, the government is admonished for neglecting the reforms agenda.
He was speaking at the inauguration of the multi-modal manufacturing plant of GE in Pune.
BHEL on Thursday announced a sharp 69 per cent drop in third quarter net profit at Rs 212.6 crore, hit by lower revenue and operating income.
Industries which are considered big in Israel, will be considered small and medium industries in India”.
Prior to Modi’s election in May, the economy had endured its weakest phase of growth since the mid-1980s.
Country’s chief statistician TCA Anant cautions against comparing India’s growth rate with other countries.
Inflated role ascribed to private sector investment; Weak PSB financials to restrict fund flow.
Modi can lead an international consensus on curbing the flow of illicit funds.
Ranjan Dhawan, executive director, BoB, said his bank was highly honoured to be recipient of The Financial Express award.
Finance minister said, the government is working on addressing two major concerns — quick decision making and stability in policy matters.
Next set of GDP figures won’t be different. We need a public investment stimulus.
But the industrial data is unconvincing, and a rate cut is needed to secure growth.