Delhi: The pink coloured Economic Survey document tabled by Finance Minister Arun Jaitley in parliament today recommended that India must confront the societal metapreference for a son observing that the adverse sex ratio of females to males has led to 63 million missing women.The colour of this year s survey cover was chosen as a symbol of support for the growing movement to end violence against women which spans continents. Laying special emphasis on gender development the Survey cautioned that on several indicators notably employment use of reversible contraception and son preference India has some distance to traverse despite the country s economic progress.The Survey states that just as India has committed to moving up the ranks in Ease of Doing Business indicators a similar commitment should be endeavoured on the gender front.The percentage of working women has declined over time from 36 per cent being employed in 2005-06 to 24 per cent of women employed in 2015-16 pointed out the Survey.It acknowledges that the government s Beti Bachao Beti Padhao and Sukanya Samridhi Yojana schemes and mandatory maternity leave rules are all steps in the right direction pointing out that measures such as increasing maternity leave will offer support to women in the workforce.Given these observations the states and all stakeholders have an important role to play in increasing opportunities available for women in education and employment it said.As per the Economic Survey nearly 47 per cent of women do not use any contraception and of those who do less than a third use female-controlled reversible contraception.The Survey highlighted another phenomenon of son metapreference which involves parents adopting fertility stopping rules - having children until the desired number of sons are born. This metapreference leads naturally to the notional category of unwanted girls which is estimated at over 21 million says the Survey.Consigning these odious categories to history soon should be society s objective opines the Survey. It also provides an assessment of India s performance on gender outcomes relative to other economies.However the Survey noted an improvement in average levels of 12 out of 17 variables in India over time. While 62.3 per cent of women in India were involved in decisions about their own health in 2005-06 the number increased to 74.5 per cent in 2015-16.The percentage of women who did not experience physical or emotional violence also increased from 63 per cent to 71 per cent whereas the median age at first childbirth also increased by 1.3 years over ten years. CommentsClose X The Survey noted that the North-Eastern states have been consistently outperforming others on the development parameters related to women while hinterland states are lagging behind.However surprisingly some southern states such as Andhra Pradesh and Tamil Nadu fare worse than expected given their level of development it said.
New Delhi: The budget session of Parliament commenced on Monday with President Ram Nath Kovind s address to a joint sitting of both houses. The Economic Survey was tabled by the Finance Minister Arun Jaitley in both houses of the parliament. The economic survey projected the GDP growth between 7 to 7.5 per cent for the FY 2018-19. The Economic Survey which has been tabled in the Parliament identifies 10 new facts on the new economy from the impact of GST to lower tax collections to the general desire for a male child among Indians. Chief Economic Adviser Arvind Subramanian while preparing the Economic Survey laid out the policy agenda for the coming year. These are: support agriculture; stabilize GST; finish resolution and recapitalization; privatize Air India; head off macro-economic pressures. The government would be hoping to pass several key bills in both houses of the parliament. The instant triple talaq bill and giving constitutional status to the Commission on Other Backward Castes would take centre stage on the opening Day of the budget session. The centre has said it would talk to various parties to bring about consensus on the issue. Around 28 bills will be tabled in the Lok Sabha while 39 bills are listed for the Rajya Sabha for the upcoming session. The session is likely to conclude on April 6 with 31 sittings spread over 68 days. Here are the Live Updates from the Parliament session - #WATCH Live via ANI FB Chief Economic Adviser Dr Arvind Subramanian briefs the media on Economic Survey 17-18 https://t.co/3mo97GEPcV pic.twitter.com/OgunUmmyVX ANI (@ANI) January 29 2018 #1:20 PM Major achievements of past year 1) Implmenting GST responding quickly to transitional challenges 2) Tackling longfestering Twin Balance Sheet challenge by sending stressed debtors to IBC & bank recap Validation: first sovereign upgrade in 14 years says Chief Economic Arvind Subramanian #1:15 pm 1.8 mn tax filers added post GST demonetisation #1:10 PM India needs 4.5 tn investment in infra by 2040 - Economic Survey #1:10 PM Consumer Price Index(CPI) averaged 3.3 per cent during the period which is the lowest in the last six financial years - Economic Survey #12:59 PM India jumped 30 places to break into the top 100 for the first time in the World Bank s Ease of Doing Business ranking - Economic Survey #12:59 PM India continues to lag on the indicator on enforcing contracts marginally improving its position from 172 to 164 in the latest report - Economic Survey #12:55 PM Inflation during 2017-2018 averaged to lowest in the last 6 years #12:55 PM Post-demonetization and GST increase in new tax filers (over and above natural increase) of about 1.8 million boost to individual income tax collections #12:55 PM Growth of exports rebounded into positive one during 2016-17 and expected to grow faster in 2017-18 #12:50 pm - Large increase in registered direct & indirect taxpayers #12:50 pm - Former non-agricultural payroll much greater than believed #12:50 pm - States prosperity is positively correlated with their international & inter-state trade. #12:49 pm Economic Survey says private investment is poised for a rebound #12:47 pm Economic Survey says that currently prevalent high oil prices are a matter of concern. #12:45 PM Economic Survey predicts gross value added for FY18 at 6.1 percent as against 6.6 percent for the previous financial year. #12:44 PM: Economic Survey predicts services growth for FY18 at 8.3 percent industry growth at 4.4 percent and agri growth of 2.1 percent. #12:42 PM: Economic Survey says that agriculture education and employment will be areas of focus in the medium term. #12:41 AM Economic Survey 2017-18 predicts India s GDP growth to be between 7-7.5% in 2018-19 #12:30 AM FM Jaitley tables Economic Survey 2017-18 in Lok Sabha #11:32 AM It s a matter of pride for us that UNESCO recognised Kumbh Mela as Intangible Cultural Heritage of Humanity . UNESCO also designated Ahmedabad as Heritage City . Chennai was included in the list of Creative Cities by UNESCO: President Ram Nath Kovind # 11:30 AM It s a matter of pride for us that UNESCO recognised Kumbh Mela as Intangible Cultural Heritage of Humanity . # 11:28 AM Our nation is the youngest nation. My govt started Start Up India Stand Up India Skill India and Pradhanmantri Mudra Yojana to help the youth of the country to realise their dreams & make them self employed: President Kovind # 11:25 AM Work has started to connect villages with Broadband connectivity. 2.5 lakh Panchayats have already been connected so far. - Presisent Kovind # 11:20 AM To bring everyone closer to development work under Pradhanmantri Gram Sadak Yojana is being done speedily. In 2014 only 56% villages were connected to roads today more than 82% villages have road connectivity with the majority being in remote areas: Pres Kovind #11:18 AM Govt has a target to provide housing to everyone by 2022 - President Kovind #11:15 AM 2.70 Lakh Common Service Centers have been set up across the nation. These Centers provide digital service at low rates for various services even in the far off remote areas: President Ram Nath Kovind #11:10 AM Govt s target to connect all vilages by road till 2019 - President Kovind #The Union govt has helped out farmers with crop protection and insurance schemes - President Kovind #PM Mudra Yogna scheme has helped waiver off loans for small farmers. 3 crore people from the weaker sections have benifiteed from this scheme - President Kovind #11:00 AM The govt has helped the economically backward by opening bank accounts under the Jan Dhan Yogna - President Kovind #The govt has extended the maternity leave period to 26 weeks which has benifiteed lakhs of working wome - President Kovind #President Kovind opens the budget session with his joint adress to the parliament This #BudgetSession is important. The world is optimistic about India. Agencies like World Bank & IMF have been giving an optimistic opinion of the country: PM Modi pic.twitter.com/aah5Xe44vX ANI (@ANI) January 29 2018 #We should make use of our system of parliamentary committees and discuss aspects of the Budget. We should think about the well-being of rural India farmers Dalits tribal communities and labourers - PM Modi # Modi arrives at Parliament says Budget 2018 will fulfill everyone s aspirations # Speaking to the press outside the Parliament Prime Minister Narendra Modi said that the current budget will fufill everyone s aspirations.
NEW DELHI: The Economic Survey 2017-18 highlighted that there has been a decline in the reliance on direct taxes in India which contribute only around 35 per cent of total taxes as against a contribution of about 70 per cent in Europe. Unlike in other countries reliance on direct taxes in India seems to be declining a trend that will be reinforced if the Goods and Services Tax (GST) proves to be a buoyant source of revenue the Survey tabled in Parliament on Monday by Finance Minister Arun Jaitley stated. The Survey underlined that fiscal decentralisation captures the idea that spending and tax decisions must reflect local preferences as far as possible. However in India the states generate very low share of about 6 per cent of their revenue from direct taxes while the figure is 19 per cent in Brazil and 44 per cent in Germany said the Survey. According to the Survey in the third tier rural local governments in India generate only 6 per cent of revenues from own resources compared to 40 per cent in Brazil and Germany. It stated that India s urban local governments are much closer to international norms collecting 18 per cent of total revenues from direct taxes compared to 19 per cent in Brazil and 26 per cent in Germany. Further urban local governments in India generate 44 per cent of their total revenue from own sources. This is evident that urban local governments have emerged more fiscally empowered than rural local government in India the Survey pointed out. The Survey revealed that low level of tax collections by the local governments in rural areas is posing challenge in reconciling fiscal federalism and accountability. It said panchayats received 95 per cent of their revenues from the devolved funds from the centre/state while generating only 5 per cent from own resources. Panchayats in states like Kerala Andhra Pradesh and Karnataka do collect some direct taxes while villages in states like Uttar Pradesh almost entirely depend on transfer funds highlighted the Survey. This is because some state governments have not devolved enough taxation powers to the Panchayats -- permissible taxes for Panchayats include property and entertainment taxes but not land taxes or tolls on roads it said. The Survey added that the local governments in India in tier II and tier III states do not fully utilise existing taxation powers and therefore generate less tax resources and collect less direct taxes as they rely much more on devolved resources.
ALSO READ IMF chief warns against being complacent about growth World economy gathering speed but growth momentum unlikely to Lack of fund access for women a big fracture: Chetna Sinha India Inc. upbeat about PM Modi at WEF World leaders head for Davos as global social contract faces crisis span.p-content div id = div-gpt line-height:0;font-size:0 Industry players from different sectors welcomed the optimism shown by the survey while raising concrete demands for their respective sectors to realise the desired economic growth at the rate of 7-7.5% of GDP in FY 2018-19.Desi Valli founder and CEO of Netree emphasised With the increased push to digital transactions and ease of doing business the retail industry will have a robust growth and bright future. A mention about the optimism on account of private investment in the economic survey 2018 is a positive projection for the retail industry. Netree India s leading retail engagement platform and the world s first connect-engage-promote-transact platform for retailers has high hopes on account of projections vis a vis investments as funding is the lifeblood of start-ups. Speaking on the agriculture growth and retail connect Desi said As more than 90% of the retail business is still in the hands of small retailers the reported good agricultural growth will provide a boost to GDP. Desi appreciated the government s move to keep the fiscal deficit at a moderately low level.In a reference to key interest rates Desi raised concern by saying August survey had stated that there was considerable scope for monetary policy easing. However the RBI did not ease the lending rates. As the retail industry needs easy credit for expansion and growth the concerned authorities must review the lending rates. Hemalatha Annamalai South Chapter Chief SMEV and CEO & Founder Ampere Electric Vehicle Pvt Ltd said the survey reflects that the economic growth will return to normal as GST has now been integrated well with the EV companies and currency notes in required quantities have come back into circulation. The survey indicates robust manufacturing led growth with focus on more employment generation.Hemalatha said The survey adds to the positive wave and energy that EV industry was looking forward to to revive the sentiments to push the market in the wake of enhanced industrial activity and the government s resolve to promote Make in India and ease of doing business. She congratulated the farmers who have had been constantly expanding on the acreage area as Rabi cropping reported robust result. The good crops would help expand the EV industry market to grow for the poor and middle income groups especially in sub- urban and rural India she emphasised.While making an appeal to the government with regards to GST Hemalatha said I urge the government to reduce GST rate to 5 per cent on all electric vehicles and electric vehicle subsystems. For the companies to see a lucrative business opportunity the upcoming finance budget FY 18-19 will be a barometer for the future direction. The sector will be keen to get a clearer picture around the development and deployment of related infrastructure like charging stations measures to encourage public-private partnership apart from incentives for research and development and Make in India especially for the lithium- ion battery. Social development sector appeared equally excited as the survey also noted that India is poised to grow as one of the leading knowledge economies where education skill development and health will remain priorities for the Government.Anuja Bansal Secretary General SOS Children s Villages of India emphasised We are pleased to learn that the government will be placing consolidation and mending of the social infrastructure on its priority list. We do need a stronger education health and employment infrastructure for the country s children to be able to reap the benefits of the demographic dividend at hand. Addressing the well-being of women children and youth will steer us in the direction of achieving the desired GDP targets. A report recently tabled at the World Economic Forum highlighted the rising income inequalities in India. In this backdrop a commitment from the government to focus on social infrastructure is a welcome step. We are hopeful that the ensuing union budget will reflect the same and will have more for the social sector to look out for added Bansal.(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
By: Express Web Desk | New Delhi | Updated: January 29 2018 9:32 am Chief Economic Advisor Arvind Subramanian (File) The Union government will on Monday table the Economic Survey of India a budget document that analyses the Indian economy over the last 12 years and reviews the performance of various schemes introduced by the government in Parliament on the first day of the Budget session. The document is authored by Chief Economic Advisor Arvind Subramanian. Reports indicate that the survey will focus on India s rural and agricultural economy. What to expect in this year s economic survey? This year s Survey could serve as an indicator as to how the government s two key decisions demonetisation and the implementation of the GST have had an impact on the economy. As in previous reports the survey is also likely to state the rate at which India s growth is expected to accelerate at and it could also suggest certain policy changes. In the last survey the CEA suggest that the government introduce the Universal Basic Income scheme via Direct Benefits Transfer to alleviate poverty. The government however is not bound to accept the recommendations and they do not always reflect in the Budget presented by the government. The survey however could provide interesting growth and employment statistics and these will be key for the government given it has already entered into an election year. How to download the Economic Survey of India The government will table the Economic Survey of India in both Houses of Parliament this noon. It will be tabled following the customary address of President Ram Nath Kovind which will take place as soon as both Houses convene at 11 am this morning. To download the survey you can visit http://mofapp.nic.in:8080/economicsurvey/ or you can follow our LIVE blog on the Economic Survey for the latest updates. The dedicated web page for #economicsurvey18 is: http://t.co/NPqJ4cfR3Y. Contents and other details will be uploaded after Survey is tabled tomorrow in parliament http://t.co/MN4YsUg8oK arvind subramanian (@arvindsubraman) January 28 2018 In the Economic Survey 2016-17 tabled in Parliament on Tuesday the government pointed out that the focus should be towards labour-intensive sectors such as apparel and leather. It also called for easing labour regulations and negotiating free trade agreements (FTAs) with the European Union (EU) and the UK. If you would like to read about last year s economic survey click here. Govt will try and send out a political message says Tharoor Senior Congress leader Shashi Tharoor today said the BJP government would try to send out a political message by giving tax rebates or investment initiatives in the upcoming Union Budget as it will be their last one. He was speaking on the sidelines of the Jaipur Literature Festival. This is anyway their last budget and they will try to send out a political message. If you look at our economy which is in a bad condition they would want to give some incentives for investments maybe there will be some tax rebates they will have to do something for farmers as stagnant agriculture sector has put farmers in a very bad state he said. The Congress leader said if they wanted people to vote for them they would do something about employment opportunities for the youth as well. PTI For all the latest Business News download Indian Express App IE Online Media Services Pvt Ltd Tags: Economic Survey 2018 GGangu RadhakishanJan 29 2018 at 10:42 amWealth creation should be given lot of importance. India should able to achieve all the rights in this regard on world platforms. Wealth distribution should be made by creating new jobs and as well converting the millions of farming/odd jobs into dignified/professionally looking types. Much importance should be given to quality education quality medical facilities enforcing discipline ethical values patriotism all over India. All the focus should be to make India a developed bright powerful sacred India in near future.(1)(0) Reply Kim SharmaJan 29 2018 at 10:05 amEconomic survey finding on Modi govt s achievements 28) central govt loses face with adverse verdicts a) on charges of destabilizing state govts of Arunachal and Uttarakhand b) 2g case 29) Marina revolution against jallikattu ban humbles Supreme Court and central govt 30) governance suffers as poor administrators appointed as Chief ministers of Haryana Maharashtra and Jharkhand 31) Naomi Ganga project fails under an incompetent minister 32) India loses face abroad as overseas tourists are attacked in bjp-ruled states like Rajasthan and uttar Pradesh 33) UP govt fails to secure lives of hundreds of sick children admitted to hospitals 34) spurt in crime in UP 35) major cities reel under severe pollution 36) centre supports weak Tamilnadu govt for political gains hence admin suffers 37) protests by farmers paralyse Madhya Pradesh and Maharashtra. 38) right-wing terrorists freed from jails as judges are forced to give favourable verdicts 39) alienation of minorities and s dians(5)(0) Reply Kim SharmaJan 29 2018 at 9:52 amEconomic survey finding on Modi govt s achievements 16) increasing incidents of rape in bjp- ruled states particularly Haryana 17) godmen abuse Hindu women as they lose fear of police and administration 18) dalits under siege no end to attacks on dalits especially in bjp-ruled ruled states 19) college campuses erupt in violence 20) dalit and Muslim students being kidnapped and killed by abvp goons 21) harassment and killing of writers judges intellectuals 22) diverting bank funds to business magnates while the central govt stops or reduces aid to weaker sections 23) weakening of Supreme Court and election Commission due to govt interference 24) film censor board loses autonomy 25) judiciary faces pressure from bjp leaders judges fear for lives 26) filmmakers hounded for not pleasing right-wing hotheads 27) failure to uphold democratic values while trying to a) dislodge state governments of Arunachal Pradesh and Uttarakhand b) and install bjp govt s in Goa and Manipur (6)(0) Reply Kim SharmaJan 29 2018 at 9:49 amEconomic survey finding on Modi govt s achievements 1) Almost all sectors of economy are in shambles 2) make in India scheme flops 3) govt fails to execute major defence deals 4) poor execution of demonetization scheme helps tax evaders to turn black money into white 5) Pak firing on Kashmir border is a daily affair since the beginning of Modi govt 6) failure to capitalize on surgical strikes 7) China s army settles down along Indian borders and intrudes into Himachal Pradesh and uttarakhand 8) Sri Lankan Navy and coast guard still harasses indian fishermen 9) bothches up adhaar project 10) govt presents badly framed good and services tax rules that create havoc among businessmen 11) failure to help Indians in captivity in Pakistan jails 12) vitiates social harmony 13) major caste groups revolt in Gujarat Madhya Pradesh Maharashtra Haryana 14) hitherto peaceful states like those mentioned above periodically in grip of violence 15) jungle raj in Haryana and UP(4)(1) Reply Kim SharmaJan 29 2018 at 9:41 amHistory question paper leaked. A few questions. Candidates mark the right answer: Q1. Name the party which is deemed to be adept in creating riots to polarise society so that they can win elections A) Bharat Jalao Party B) BJP C) the current ruling party D) all the above Q2. What could be the reason the BJP fans write filthy comments abuse others and denigrate rival politicians? A) frustration as Modi failed miserably as PM B) difficulty to come terms with the financial improvement of their family which had wallowed in extreme poverty decades back C) influence of bad peers friends and affiliated groups clubs and political party D) all the above Q3. Probable reasons for Modi s failure as PM A) experience as Gujarat CM doesn t help as ruling an industrially developed state was not challenging B) obsession with Gandhis particularly Rahul prevents him from taking sensible decisions C) the demands of a PM s job unlike those of a CM D) all the above.(9)(0) Reply Load More Comments
13:51 (IST) WATCH: Chief Economic Advisor Arvind Subramanian discuss the Economic Survey in detail
.story-content span .story-content p .story-content div color:#000!important;font-family: open sans Arial!important;font-size:15px!important ALSO READ All eyes on Economic Survey as Budget Session of Parliament begins today Why Jaitley should not focus on growth numbers while preparing Budget 2018 Indian Budget s misplaced priorities Budget 2018: Budgetary support for Indian Railways to be cut by 27% in FY18 Letters: Budget expectations span.p-content div id = div-gpt line-height:0;font-size:0 The Budget session of the Parliament begins today. As many as 28 bills will be tabled in the Lok Sabha while 39 bills are listed for the Rajya Sabha for the upcoming session. On February 1 Finance Minister Arun Jaitley will present the last full Budget of the present government. This session is extremely crucial for the rulling government which is set to face eight state elections in 2018 and the General Election in 2019. As much as it crucial because there are eight state elections in 2018 and the General Election in 2019 it is also the first post-GST Budget with its own increased challenges and decreased kick of what got cheaper; what got dearer . ALSO READ: Budget session LIVE: Economic Survey 2018 released by Arun Jaitley Top 10 developments 1. Budget session schedule The Budget Session 2018 has been scheduled to be held from Monday (January 29) may conclude on April 6 due to exigencies of government business. During this period both Houses of Parliament will be adjourned for recess on February 9 to reassemble on March 5 so to enable the Standing Committees to examine the demands of grants of various Ministries/ Departments and make their reports thereon. Union Minister of Parliamentary Affairs Ananth Kumar said The Session will provide a total of 31 sittings (8 sittings in First part and 23 sittings in the Second part) spread over a period of 68 days . ALSO READ: Budget 2018: Govt may not be able to meet its gross revenue target in FY18 2. Economic Survey of India to be presented today The Economic Survey of India will be presented to Parliament on Monday January 29. Ahead of the Union Budget the finance ministry every year presents the economic survey which reviews the overall state of the economy in the last 12 months. In August last year however the government for the first time presented a mid-term economic survey. Chief Economic Adviser Arvind Subramanian has announced a survey-dedicated webpage #economicsurvey18. 3. Indian Economy on the recovery path As far as the next financial year is concerned analysts and rating agencies have signalled a recovery in the economy. Various sources have predicted the growth rate in a range of 7 per cent to 7.5 per cent. In November the factory output grew at 17-month high pace of 8.4 per cent indicating green shoots. The government and analysts alike have opined that the roll out of GST has more or less overcome the teething troubles and will start bearing fruits. ALSO READ: Economy looks set for a rebound 4. Modi asks parties to create constructive atmosphere in Budget Session Prime Minister Narendra Modi exhorted all political parties to collectively strive to create a constructive atmosphere in Budget Session and assured that the government gives huge importance to the issues raised by all political parties. Addressing the political parties floor leaders of Parliament at the all-party meeting called ahead of the Budget Session Prime Minister encouraged all political parties to prevent tokenism in different Standing Committees of the Parliament and asked all to play a more constructive role to give concrete solutions to issues of national importance brought before the Committees. 5. First post-GST Budget This will be the first Budget in the post- GST (Goods and Services Tax) era. It will need to take into account only those items like petroleum products that still remain outside the purview of GST. The 2018-19 budget could thus contain changes in customs and excise duties on these remaining products which for most others have been subsumed under GST. ALSO READ: Budget 2018: Arun Jaitley s last full one to focus on two aspects 6. Govt to ensure passage of Triple Talaq bill in Budget session A day before the start of the Budget session BJP leaders met several parties and sought their cooperation in ensuring the Triple Talaq bill is passed in the parliament. Making a strong pitch for the passage Prime Minister Narendra Modi union ministers Rajnath Singh Arun Jaitley and Ananth Kumar and other leaders of the Opposition attended the meeting. ALSO READ: Centre to push for passage of triple talaq Bill in Budget Session 7. Speakers will try to accomodate all issues Lok Sabha Speaker Sumitra Mahajan on Sunday said that efforts will be made to accommodate all the issues in the upcoming Budget session. Mahajan said several issues were discussed and we will try to accommodate all of them. Today everyone said they will cooperate so I hope the Budget session goes on smoothly. The Lok sabha Speaker further informed that the first phase of the session comprises 36 hours of which only 19 hours will be left for discussions. 8. Bills that may be discussed in this Budget session The Muslim Women s (Protection of Rights on Marriage) Bill 2017 related to triple talaq the Codes of Wages Bill 2017 Rights of Children to Free and Compulsory Education 2017 are among the important bills that will be tabled for discussion and passage. As many as 28 bills will be tabled in the Lok Sabha while 39 bills are listed for the Rajya Sabha for the upcoming session. Long pending issues including the Transgender Persons (Protection of Rights) Bill 2016 and the Surrogacy (Regulation) Bill 2016 will be discussed in the Lower House. 9. Shashi Tharoor said It will be Modi s last Budget Congress MP Shashi Tharoor on Sunday made a direct attack on Prime Minister Narendra Modi and maintained that this is going to be the last Budget of the Modi government. They must live up to the promises that they had made. So they may do something on employment to catch attention he said. Tharoor made a direct attack on Modi by saying: Jisne kaha ki na khaunga aur na khane dunga who aaj pakode ki baat karne lage hain. Woh nahi samajhte ki log chai aur pakode isliye bech rahe hain kyonki jobs nahi hai (The one who said he will neither be corrupt nor tolerate corruption is today talking about pakodas. He does not understand that people are selling tea and pakodas only because there are no jobs). 10. Opposition set to counter Modi govt The Opposition plans to counter the government on rising incidents of rapes the alleged attack on constitutional institutions and the plight of traders. We want to raise these issues as they are important. The government should adopt a cooperative attitude and allow the opposition to raise these issues Congress leader Pramod Tiwari was quoted as saying ahead of the meeting.
NEW DELHI: The upcoming Budget poses a large undertaking to Prime Minister Narendra Modi. There are too many demands on the Budget while the government is anticipated to stick to its financial deficit targets. Traditionally Modi s Bharatiya Janta Party (BJP) has been visible to rely upon middle-magnificence electorate urban employees and small traders. But Modi s rise to electricity turned into fuelled equally by way of rural citizens. Budget 2018-19 being the ultimate complete Budget before the subsequent Lok Sabha elections and coming immediately before assembly elections in 8 states electoral politics is predicted to be writ big in this Budget. The erosion of the BJP s rural base in the Gujarat elections and the imminent elections in a few predominantly agricultural states make rural zone the most powerful candidate for a Budget largess. Nearly 70 per cent of India s 1.Three billion populace is rural and Modi won't have the ability ignore it. Yet the center magnificence hassled by way of monetary disruptions of demonetisation and the GST expects comfort in the form of wider tax brackets and exemptions. Being the BJP s middle vote financial institution it can't be ignored either. Modi has to provide a few alleviation to the corporate sector too to enhance private investment which has been lagging for the beyond few years. Higher spending in Budget 2018-19 may also boost boom however may also gas inflation and make it difficult for the authorities to stick to its fiscal deficit targets. Yet the election math is probable to get preference. While Modi can address the financial deficit project it cannot afford to disregard rural citizens who are already showing signs of alienation from his party. Also Modi had promised to double farmers income by 2022. Opposition parties won't be capable of wean away Modi s middle-elegance voter however rural electorate can easily shift to them given the growing farm misery and bad agricultural growth. He were given a piece of a shock from Gujarat. He realises you can t just rely upon city sector stated Raghbendra Jha an economics professor at the Australian National University speakme to Bloomberg. Modi changed into expected to use the finances to push for extra farm coverage make bigger bloodless storage and improve logistics from production to advertising he said.
By Richa Gupta Umang Aggarwal The 12 months 2017 can be remembered particularly for marketplace disruptions because of a) liquidity issues put up demonetization and b) uncertainty following the implementation of the products and services tax (GST) regime. The first 1/2 of the preceding yr become in large part muted thereafter some momentum changed into visible to be constructing and this optimism was further supported with the aid of an awful lot awaited international recognition. Over a long term the Economic Survey has recognized four possible headwinds that had been absent for the early convergers which include Japan and Korea and so should lead to what the survey refers to as Late Converger Stall . Convergence has been described as Economic convergence that's the method of poorer international locations catching-up with richer international locations and last gaps in standards of living. For example if the improvement direction that India is apparently following is compared with that of US we see that India went up in ranks from a low earnings united states of america to a lower middle-earnings status in close to four decades measuring from only to six% of US in step with capita earnings to approximately 12% by using 2008. The survey clarifies that if India manages to grow via 6.5% in keeping with year it is able to nicely reach an top-middle profits fame somewhere around 2020s. The Economic survey attempts to address the issue of whether some of the global traits adversely have an effect on nations which includes India that joined the convergence club later inside the system or could there be overdue converger stall that could derail the increase narrative for India. The four risks are (a) mounting protectionism sentiment that would probably restriction export increase (b) failure to restructure commercial enterprise fashions to transfer power in excessive productivity sectors (c) inadaptability to growing technological inclination and unpreparedness with upskilling human capital and (d) growing agricultural distress and rising environmental issues. Slowing down of hyper globalization: In the earlier a long time because of the rising sentiment around globalization international exchange to GDP ratio multiplied significantly and the early convergers along with Japan South Korea and China may want to publish common export boom fees of over 15% for the thirty years in their convergence durations. However seeing that 2011 there has been a growing backlash towards the globalization technique and this could imply that fast increase in exports as visible formerly early convergers might not be to be had. The problem arises as more and more nations be part of the bandwagon of world exchange. The increment in global alternate to GDP ratio so that it will accommodate the growing quantity won't be viable inside the present international economic situation. Therefore while an export led boom may additionally nevertheless maintain authentic for an person u . S . However might not be available if all of the low-to-low center-income international locations are taken collectively. From a coverage attitude this signals that inside the quick run exports can and could be an engine of growth however a more speedy transformation will come by means of improving non-public investment for domestic consumption. Thwarted structural transformation: The Economic Survey defines thwarted structural transformation as the method of development wherein the resources shift from low productivity to marginally greater effective sectors rather than transferring to excessive productivity sectors. Earlier production area become thought to be maximum vital for a success structural transformation. However the Survey talks approximately other dynamic sectors inside the Indian context like finance telecommunications and expert offerings. The job for policymakers is now to expand a framework of incentives and infrastructure that could permit and actually inspire transferring of sources from the casual quarter to those sectors Climate exchange-caused agricultural stress: As the Economic Survey has rightly pointed out agriculture in India in lots of ways the oldest trouble for financial improvement. Indian agricultural productivity boom has been stagnant averaging roughly 3 percent over the last 30 years. The multiple elements causing this low productivity were mentioned and analysed in detail. However the Survey also discusses some long term troubles for the world that pertain to weather trade. The evaluation inside the Survey suggests that if climate exchange increases temperatures and the variability of rainfall then farm profits may want to decline with the aid of up to twenty percentage to twenty-five percent in areas with out a or negative irrigation. In the context of headwinds improving agricultural productiveness is important as so as to spark off the resource shift from agriculture to the current sectors. If the growth momentum in agriculture is not released then tries to engineer a a success structural transformation may not exercise session for India. Apart from checking out the urgent troubles of land holdings etc. It's far essential to build irrigation infrastructure and crop generation to put together for weather change vagaries. Human capital regression: The Economic survey has highlighted a key problem which Indian improvement is going through i.E. The issue of increasing gap between available and required ability and the dearth of exceptional orientated intervention with the aid of the government to cope with this gap. As discussed inside the Survey the early convergence turned into largely based on educated but less professional sources that might be deployed throughout production. But for past due convergers like India there seems to be a dual venture. India has not been able to offer simple training of the best that is vital for a few structural transformation and to feature to that the desired degrees of human skill and capital have shifted in addition beforehand due to speedy technological improvement. Therefore India wishes to spend on ensuring simple training in addition to on imparting infrastructure for better better education. The outlay on excellent and quantity both are important. The Survey points out that India s primary faculty enrollment is now nearly normal for both boys and ladies at fundamental degree. But as several studies suggest that instructional effects are much less than ideal and now it appears that the aim for a a hit structural transformation has moved higher within the cost chain. Conclusion Over the last few a long time India has made rapid strides in financial boom posting an average in step with capita GDP increase fee of 4.5% on the grounds that 1980 which stays within the pinnacle quartile of countries over that period. Despite the growth there's one main past due converger stall that India must keep away from and this is the danger that resources are in all likelihood to transport from low productiveness informal sectors to most effective marginally much less formal and marginally extra efficient sectors. What is needed for India to reap a sustained boom trajectory would be a fast development in India s human capital base in particular in terms in developing wholesome people inclusive of all girls and offering primary education. Moreover regardless of the distress in agriculture thru climate change a speedy improvement in agricultural productiveness will continue to be vital for sustainable financial increase. (The authors are Richa Gupta Senior Economist and Partner Deloitte India and Umang Aggarwal Economist Deloitte India)
NEW DELHI: President Ram Nath Kovind s pitch for simultaneous Lok Sabha and meeting polls in his cope with to the joint sitting of Parliament on Monday a topic time and again raised through PM Narendra Modi rekindled speculation of the 2019 elections being brought forward to align with the assembly polls due in stop-2018. In his first cope with to Parliament Kovind argued that common polls hurt the economy by using implementing a big burden on human assets while the version code of conduct impeded improvement activities. The address that is written by way of the authorities stated a sustained debate is required with reference to simultaneous elections and all political parties need to arrive at
http://foodpanda.yolasite.com/ a consensus on this issue . The buzz changed into strengthened afterward Monday at a meeting of NDA leaders wherein Modi reiterated the point saying leaders may want to start debating the problem and create a effective environment for the notion. As he has accomplished earlier than the PM emphasized the want for containing polls collectively pronouncing a continuous cycle of elections hurt improvement and became a big financial burden. Empowerment not appeasement of minorities is Narendra Modi authorities s mantra says President Ram Nath Kovind While Modi has regularly endorsed simultaneous polls the opposition led by means of Congress has been cold to the concept to this point. In reality when the Election Commission chose to delink the polls in Himachal Pradesh from Gujarat Congress leaders puzzled the way it squared with Modi s push for simultaneous polls. The opposition has been wary of simultaneous polls suspecting that this might be a ploy to masks the incumbency of BJP governments in main states like Rajasthan MP and Chhattisgarh which are due for polls at the give up of the year with the aid of subsuming kingdom troubles with a larger national referendum on the Modi sarkar. As things stand simultaneous polls are not going for political reasons as well as the specific terms in workplace of diverse state governments. But BJP does have the choice of bringing forward the Lok Sabha elections to coincide with polls inside the three north Indian states. Telangana Andhra Pradesh and Odisha visit polls along with the Lok Sabha elections and these will be curtailed by means of some months if the incumbent events conform to such an offer. Over 93 lakh homes constructed through government in over three years: President Ram Nath KovindOver ninety three lakh homes have been constructed by using the government inside the last 3-and-a-half of years President Ram Nath Kovind stated today outlining the Centre s target to offer house to every bad and homeless with the aid of 2022. After the PM made a clean push for simultaneous polls these days newly appointed chief election commissioner O P Rawat stated developing a felony framework to facilitate countrywide and state polls together might take a whole lot of time. He underlined that it might additionally require a constitutional change. Flagging the triple talaq invoice on the very start of his cope with Kovind said For many years dignity of Muslim girls has remained captive to political cost-gain and brought that it became time for his or her emancipation. The President brought government schemes for welfare of minorities as empowerment and no longer appeasement . Detailing various vital schemes and their consequences as geared toward developing a New India Kovind stated accomplishing the goals by means of 2022 the seventy fifth year of independence would fulfil the dreams of the founding fathers. Dream of a new India does not belong to 1 political celebration or employer. It is an embodiment of the aspirations and expectancies of a hundred thirty crore countrymen he delivered. Among the ones present in Central Hall of Parliament have been PM Modi Vice-President Venkaiah Naidu BJP chief Amit Shah and veteran L K Advani except Congress leaders Sonia Gandhi and Rahul Gandhi. Kovind stated internal protection state of affairs had improved and termed the terror assaults in the interiors of Jammu and Kashmir as at once associated with move-border infiltration .
09:04 (IST) After 25 overs Pakistan Under-19 forty nine/8 ( Saad Khan 7 Muhammad Musa 0) Parag into his fourth over finally ends up giving giving a single to Saad Khan as they move slowly closer to 50. Full Scorecard
NEW DELHI: Tuesday will see a enormously predicted 2018 ICC Under-19 World Cup semi-very last clash among India U-19s and Pakistan U-19s in Christchurch New Zealand. India led by using extremely proficient younger Mumbai batsman Prithvi Shaw will face off towards a mercurial Pakistan aspect skippered via Hasan Khan. Ahead of this knockout healthy between the two storied opponents TOI Sports takes a have a look at beyond U-19 World Cup clashes between India and Pakistan. Super League 1998 Durban - India U-19s received by means of five wickets Some awesome bowling from the seam pair of Amit Bhandari (four/forty nine) and Reetinder Singh Sodhi (3/14) bowled out Pakistan for 188 in 46 overs. India wobbled in the chase with Rajashekar Shanbal (zero) Sodhi (five) and Virender Sehwag (zero) all falling cheaply however Laxmi Ratan Shukla (25) skipper Amit Pagnis (fifty two) Mohammad Kaif (53 ) and Arvind Solanki (34 ) all blended to seal a five-wicket win with fifty nine deliveries left in the sport. What befell subsequent: This was India s remaining healthy of the opposition. Super League 2002 Lincoln - Pakistan U-19s received through wickets Following defeats to West Indies and Nepal Pakistan had been out of rivalry for the knockouts however went out of the tournament with a win over India. India captained by means of wicketkeeper-batsman Parthiv Patel by no means simply got going with the bat. Carried in suits and begins to 181 India removed two Pakistan batsmen for geese while the chase started but the cool head of skipper Salman Butt proved the distinction. While his batting companions came and went Butt batted out the complete forty three.Four overs that Pakistan had to seal a frightened win scoring eighty five off a hundred thirty balls. What happened next: India reached the semi-final in which they were hammered via South Africa. Semi-final 2004 Dhaka - Pakistan U-19s won by using five wickets A fine all-spherical bowling display from Pakistan kept Dinesh Karthik s Indian crew to 169 in forty seven.Three overs which did no longer really test the batting. Following a complex start Pakistan were taken over the end line way to Tariq Mahmood (forty five ) and Fawad Alam (forty three ). What befell subsequent: Pakistan led by using Khalid Lafit lifted the U-19 World Cup with a 25-run victory over West Indies. (Getty Images) Final 2006 Colombo - Pakistan U-19s won with the aid of 38 runs Pakistan retained the junior World Cup identify with a good-looking win. Batting first they had been confined to 109 in forty one.1 overs with the spin pair of Piyush Chawla (4/eight) and Ravindra Jadeja (three/sixteen) delivering first-rate efforts. But Pakistan s revved-up tempo attack proved too hot to address and India are blown away for simply 74 in 18.5 overs. Anwar Ali was the tearaway short with 5/35 a performance that noticed him development into the senior Pakistan group with plenty of hype. 4th zone-final 2010 Lincoln - Pakistan U-19s received by using two wickets A nerve-shredding match ended with Pakistan knocking an Indian crew presenting KL Rahul Mayank Agarwal Mandeep Singh Sandeep Sharma and Jaydev Unadkat out of the 2010 version held in New Zealand. Barring Mandeep s forty four-ball forty no Indian batsman made an impact and the result was a complete of 114/9 in 23 overs of a rain-hit zone-final. However Pakistan s chase become not without some trademark chaos. In early problem at 16/3 they had been suggested closer to protection through Ahsan Ali (30) and Rameez Aziz (28) before Unadkat and the captain Ashok Menaria hit lower back to go away them at one zero five/7. But Hammad Azam rose to the fore in style with an unbeaten 21 off thirteen balls hitting fours and a six to finish a frenetic chase with wickets and three deliveries ultimate. What occurred subsequent: Pakistan led through Azeem Ghumman beat West Indies inside the semi-very last and misplaced to Australia within the very last by using 25 runs. Third area-final 2012 Townsville - India U-19s gained with the aid of 1 wicket Two years later it was India s flip to scrape to the narrowest of wins over Pakistan. Led by way of Sandeep s three/24 and Ravikant Singh s 3/forty three the Indian team below Unmukt Chand contained Pakistan to 136 in 45.1 overs. Their start were given off to a terrible start with Prashant Chopra falling for four and Chand for zero accompanied with the aid of a duck for Hanuma Vihari however Baba Aparajith s 97-ball fifty one and Vijay Zol s 36 off 62 were given the chase lower back on target. A dramatic crumble ensued with India going from 74/4 to 127/9 but Harmeet Singh and Sandeep by some means kept their wits about them and finished the process with one delivery left. What took place next: India pipped New Zealand via nine runs within the semi-very last to installation a summit clash with hosts Australia. Chasing 226 they gained at the lower back of a exceptional unbeaten 111 from Chand. (Getty Images) 7th healthy 2014 Dubai - India won by forty runs A a ways more relaxed recreation and simple win for Vijay Zol s Indian team. Fifties to Sanju Samson and Sarfaraz Khan propped India up to a very aggressive 262/7 after which Deepak Hooda claimed five/41 to bowl out Pakistan for 222 in forty
http://opensit.com/u/kkfirstcry eight.Four overs. What happened next: India beat Scotland and Papua New Guinea to go into the zone-finals in which they narrowly lost to England with the aid of 3 wickets. Pakistan additionally beat PNG and Scotland to attain the knockouts wherein they beat Sri Lanka by means of 122 runs and then England by way of 3 wickets to make the very last. Here they misplaced to South Africa via six wickets.
By Andy Mukherjee Sending traders the bill for a shortfall from India s new goods and services tax is a awful concept. Finance Minister Arun Jaitley have to withstand the temptation. A lengthy-time period capital-profits levy on fairness can be elaborate in a rustic perennially quick of domestic financial savings. In a frothy stock market it s like crying fire in a crowded room. Profits from promoting stocks that had been sold extra than a year earlier has been tax-exempt in India for a decade and a half. It was changed 14 years in the past by way of an imposition on all securities transactions irrespective of profits or losses. Every year there s speak of bringing returned a capital-profits price. Speculation is unusually intense beforehand of the Feb. 1 federal finances with Deloitte Touche Tohmatsu India LLP calling capital-gains tweaks low-hanging fruit. But from a poisonous tree. Granted collections from last year s GST had been lackluster. Evasion can be part of the story; but more than one costs consistent tinkering with slabs and time limits and complex submitting may be larger reasons. It may additionally take any other yr for the tax to stabilize. However going after inventory traders to plug the deficit could backfire. The securities transaction tax which is zero.1 percentage for each customers and dealers of cash equity is simple to manage. While it brings in approximately 1 billion an insignificant 1.Five percentage what New Delhi collects on corporate income it s a solid supply of sales. Destabilizing a levy all and sundry s come to simply accept and replacing it with a tax that works simplest while markets go up is unnecessary tinkering. The benchmark index is inside placing distance of its top fee-to-earnings valuation of 19.Five -- there ll be nothing for Jaitley to acquire in a falling market. Most brokers agree that reimposing the capital-profits tax may want to push down the inventory marketplace. Should poor sentiment persist the government may additionally locate it difficult to speed up asset sales. State-run banks too might struggle to raise the fairness they need to reinforce their degraded lending ability. Unless Jaitley garners at the least 10 billion from sales of kingdom belongings and every other 8 billion from auctioning telecom spectrum the weight of country subsidies plus the more hobby he ll ought to pay on recapitalization bonds (being issued to fix the broken stability sheets of government-owned lenders) might fall on extra borrowings. That would possibly displease bond vigilantes. Rather than reintroducing lengthy-time period price lists India desires to check a number of the harsher quick-time period levies. On present day plans greenback-denominated futures contracts on Indian shares will kick off in Singapore next month. Already futures at the benchmark Nifty 50 Index are a huge draw inside the metropolis-nation. Should greater overseas investors trade Indian equity derivatives there to avoid a 30 percentage capital-profits tax in India well-paying finance jobs in Mumbai might be at hazard. At a time whilst Jaitley s No. 1 precedence earlier than subsequent year s general election is to enhance funding and employment dismantling a transactions-tax regime that works simplest to chase an unsure pot of gold could be not anything short of an own aim. This column does not always mirror the opinion of Bloomberg LP and its owners.
Swiss FMCG major Nestle nowadays announced its foray into pet care phase in India via launching premium canine meals through its step down company Nestle Purina. The enterprise has released Purina Supercoat variety of canine meals which gives a healthful mixture of high first-rate natural substances Nestle said in a declaration. With the launch of Supercoat in India we kick start our task to elevate the requirements for puppy nutrition Purina PetCare India MD Varindra Sewak stated. Pet owners are becoming more and more conscious and specializing in supplying high-quality vitamins to their pets and has fuelled the call for for high fine specialised puppy food. We will carry our international portfolio to India to cater to those purchasers and come to be a massive participant within the hastily growing puppy food category he said. According to the organisation India has 19 million predicted pets and the puppy food enterprise in India has big potential and is expected to double in size in the next 5 years. Purina PetCare India is an entirely owned subsidiary of Swiss-primarily based Nestle SA.
BENGALURU: India-based totally global inhouse centres (GICs) or captives of American businesses will keep to create exceedingly-professional generation jobs here in spite of america authorities s bill to reduce corporate tax fee for bringing returned jobs to America. The united states is domestic to almost 1 one hundred GICs a main chunk of which might be of US-primarily based organizations and they rent around one-fourth of the 3.Nine million IT specialists. A employer that centers putting in of GICs in India and two key consulting firms stated that the proposed tax cut in the US may not trade the techniques of US agencies for hiring and expansion of GICs in India due to the availability of various talent and price competitiveness in India. The subsequent quality alternative to hiring Americans in the US is (hiring at) GICs due to the fact this is hiring global residents for America said Lalit Ahuja leader govt officer ANSR Global a GIC implementation and method consulting enterprise. Even if america tax reform introduced final month seeks to reduce the load of 35% to 21% for corporates and inspire them to rent more Americans the GICs appear to be a beneficial lot as they recruit humans for the parent company. ...It is about American organizations and their hobby and therefore for the proper motive if the American companies had been to globalise it's miles still considered as a greater beneficial alternative than outsourcing. So if you examine outsourcing mainly offshore outsourcing that has a connotation of process loss; because you are dropping jobs in the US and developing jobs in India with IT offerings exporters (consisting of Infosys TCS IBM ) that isn't the case with GICs due to the fact you are growing new competencies tapping international expertise and it's miles nevertheless your own agency delivered Ahuja. A in all likelihood tax reduce would alternatively bring about reallocation of funds in innovation initiatives and facilitate efforts to improve margin. Talent addition analysts stated must be extra deliver-pushed. Tax policy may additionally alternate the mix on the margins but not appreciably because the deliver is in which the deliver is stated Arpan Sheth partner Bain
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