Compensation receipt in Consolidated Funds of India was subject to reconciliation in coming months, as usual, in forthcoming financial year. If, for that reason, amount remained in Consolidated Fund, that can't be treated as \"diversion\", clarify ministry officials

Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

Despite an ambitious target, public expenditure on infrastructure - the only functional engine of the economy - is dwindling. That spells bad news for economic recovery

The policy focusses on almost doubling the Gross Enrolment Ratio (GER) in higher education, including vocational education, from 26.3 per cent to 50 per cent by 2035

Findings of several global studies reflect the fragile nature of existing policies and programmes aimed at eliminating poverty and hunger and call for rethinking economics to ensure sustainable and enduring outcomes

Koduvally, a small town near Calicut has nearly 100 jewellers within one square kilometre, and most of them deal with illicit or black gold

For a republic at work since 1947, decisions on issues of national importance without prior consultation with experts, opposition parties, state governments and other stakeholders are not only inconceivable but come with consequences that could be easily avoided

India needs to address massive job losses; strengthen public healthcare for COVID-19 and beyond; develop institutional mechanisms and leadership to respond to emergencies; devolve decision-making and funding to states, local bodies and scale up public spending to infuse life into the economy, all of which call for structural changes

In the post-industrial democratic era, they have benefited immensely from the public provisioning of health and education that produces quality labour, infrastructure, natural resources, tax incentives, loan write offs (NPAs), bailouts, stimulus packages, and much more. Yet increasingly they use tax havens, shell companies and other tools to evade and avoid paying back

Yes Bank News Updates: In the reconstruction scheme for YES Bank, the government has said that the SBI is willing to investment in the troubled private lender

The Cabinet also increased interest subvention from 2 per cent to 2.5 per cent under the scheme Dairy Processing and Infrastructure Development Fund (DIDF) with the revised outlay of Rs 11,184 crore

A closer look at India's tax data reveals that the direct tax burden is much higher on relatively smaller taxpayers in both individual and corporate categories and that the larger taxpayers benefit more from tax incentives and deductions

States are facing a funds crunch. As GST revenues moderate and fiscal deficits balloon, they must look for new sources of revenue to fund welfare schemes and infrastructure needs

Delhi government's expenditure on subsidising electricity tariff for domestic consumers has gone up by nearly 6 times since 2014-15; state's own tax revenue as percentage of GSDP, which has been falling for the past five years, is lowest among its neighbours

Budget 2020-21 banks heavily on higher realisations from disinvestment and telecom services which are not regular or sustainable source of finance while that is precisely what the central government needs to revive and sustain growth momentum

Budget 2020: The government has allocated Rs 61,500 crore for MGNREGA scheme, which is lower than last year's revised estimates of Rs 71,002 crore by 13.4 per cent

Budget 2020: Industry leaders are not optimistic about the disinvestment and asset sale plan of the government as fetching the right price could be difficult in the current turbulent market.

Budget 2020 news: FM Nirmala Sitharaman laid bare the government policy on welfare of women and children apart from the disadvantaged communities. Here's for more

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long