Finance Commission suggests distribution of net proceeds of taxes between Centre and states. In her Budget speech, the Finance Minister said the govt had accepted recommendations of the 15th FC, headed by Singh, “in substantial measure”.
What makes Budget 2021-22 probably the boldest in the last six years is her intent to privatise PSU banks and state insurers — a taboo for all governments — especially at a time when reformist farm laws, facing a backlash, have been put on effective hold.
At least one Communist Party of China member was hired by the Indian consulate in Shanghai using the services of a Chinese state-owned recruitment agency, according to data shared by a source with an international consortium of journalists including The Indian Express.
Narendra Singh Tomar interview: "I think the mandi system is more robust in Punjab and some people have greater faith in that system. That’s why the protests are taking place. Besides, there is an impact of party politics on the start of the protests," says Tomar.
"There is no treatment for imagined fears. Give me a single example of any outsider having bought land here. Since August 5, 2019, tell me a single name. I challenge anyone to name one person from outside who has bought land here. This is baseless," says Manoj Sinha.
Manoj Sinha, who took oath on August 7, and has visited all 10 districts in Kashmir, and six (of 10) in Jammu, over the last four months, said there were “some people” who have “vested interests” in differentiating Jammu from Kashmir on the lines of “region, religion, caste, colour or area.”
Another issue the Central government may be willing to review relates to the dispute resolution mechanism as provided for in the law on contract farming i.e. the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020.
The new stimulus package reinforces the ‘fiscal conservatism’ ideology of the government — rather than large cash transfers, the growth philosophy centres around creating an ecosystem that aids domestic demand, incentivises companies to generate jobs and boost production.
Sanjiv Mehta, chairman and managing director of Hindustan Unilever Ltd, said while there is a very clear and apparent improvement in consumption between the June quarter and September quarter, the trends differ in rural and urban areas. Edited excerpts:
He said the Commission, in the backdrop of Covid-19 pandemic and its impact on the economy, is debating whether there is a need for a different approach in determining the targets for fiscal deficit and debt consolidation.
Nirmala Sitharaman Indian Express interview: "I think the Congress party is losing a golden opportunity to show the people of India that they have been in power in this country for several decades and today being in the Opposition they will give that advantage to the Parliamentary system."
Responding to The Indian Express reports, Zhenhua Data late Tuesday night said it was privately owned, its partners did not have any background in the Chinese military or the Chinese government, and its operation was “not illegal or unreasonable”.