There was no dearth of pundits suggesting major reforms on the lines of 1991 in the budget for 2015-16. These pointed to several favourable factors like the majority commanded by the BJP in the Lok Sabha, the steep fall in the price of crude and the comfort on the prices front, to name just a few. Still the railway budget and Central budgets both opted to consolidate the gains and have opted to work for the longer term vision for growth that will be solid and sustainable. Thus there were no big bang reforms or disruptive growth plans that would provide for high decibel media bytes.
The task of Arun Jaitley was by no means easy: just a couple of days earlier the recommendations of the Fourteenth Finance Commission (FFC) were unveiled. The Y V Reddy led commission suggested an unprecedented ten per cent increase in the devolution of Centre’s tax revenues to the states – from 32 per cent to 42 per cent. Adhering to the party’s ele
Rashtriya Chemicals and Fertilizers Ltd (RCF), the public sector fertilizer giant that was set up 52 years ago, is all set to scale new heights. The turning point came in 1984 when a giant urea plant, based on natural gas from the Bombay High as feedstock, was set up at Thal in Raigad district.
ĎThe Indian economy is dead. Long live the Indian economy.í Thatís what we were led to believe sometime last year as inflation spiralled, growth rates plummeted and fiscal deficit went for a toss. It was partly because the government appeared tired, paralysed and on its last leg. It was also partly because the pessimism turned contagious.
What can happen to budget making in the hands of a hard core professional, belonging to a majority government that is not dependent on external support for existence, is best exemplified by Suresh Prabhuís rail budget. I am thrilled by what this it sets out to do.
The Agriculture Consultancy Management Foundation, in association with Department of Agriculture Research and Education-ICAR, Tamil Nadu Planning Commission, Tamil Nadu Agricultural University, Tata Steel and Rallis India Ltd, organised a two day seminar to discuss methods by which a double digit growth in agriculture could be achieved.
The Union Government of India on 17 December 2012 lowered down the growth projection for the current financial year 2012-13 from 7.6 percent that was estimated earlier to 5.7-5.9 percent. The projection was showcased in the Mid-Year Economic Analysis. Where was this Mid-Year Economic Analysis tabled?
None of these
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