The reversal of outflows began in July when FPIs put Rs 2,264 crore in equity and debt markets. Overseas investors had pulled out over Rs 60,000 crore during April-June in the wake of the surge in crude oil prices and fears over rate hike by the US Fed.
The budget seeks to spend Rs 1,86,685.24 crore, with a fiscal deficit of Rs 26,780.25 crore, but the minister said this is within the prescribed 3.25 per cent of the state's Fiscal Responsibility and Budget Management Act of 2005.
Yashwant Sinha also referred to an article in The Indian Express, (The MSP smokescreen), to negate the Centre’s claims that the Budget is “pro-farmer”.“The definition of ‘cost of production’ is absent and hence it isn’t clear what 1.5 times of cost of production means,” he said.
The Budget announcement to hike duty on two broad categories of goods is one among several such increases introduced in the last two years to protect domestic manufacturing, according to the government, but experts say the move is also aimed at shoring up revenues
For long a proponent of the ‘Bharatiya model’ of development, Kumar maintains that the NITI Aayog is not a replica of the Planning Commission, that it is designed to be an ‘action tank’, and not just a think tank
About 2.27 lakh jobs are estimated to have been added in central government departments between 2016 and 2017. An estimated 34.8 lakh people were working with central government departments as on March 1, 2017, the budget documents say
Before the Union Budget 2018, more than 2,000 scientists and educators had submitted a petition to PM Modi, urging the govt to increase financial support to science and technology to 3 per cent, education to 10 per cent of the country’s GDP.
The government in New Delhi may have announced the “world’s largest government-funded healthcare programme”, but 1,000 km away Betul is the grim reality: an abysmal health infrastructure that an insurance cover can do little to change.