Prime Minister Narendra Modi’s new government on Thursday unveiled a first budget of structural reforms that seek to revive growth, while spurning the temptation to resort to higher borrowing.
Arun Jaitley’s first budget as India’s finance minister should allow individual taxpayers to invest more money in vehicles such as government savings bonds, mutual funds and employee savings plans, and provide them with tax credits that would bolster their savings and boost economic growth, tax experts say.
India’s automobile sector may have been dented by negative sales for two straight years, but the Society of Indian Automobile Manufacturers (SIAM) is hoping to see an uptick in sales this fiscal year.
The Congress party-led government that drafted the Right To Information (RTI) Act in 2005 touted the law as one of its success stories for the average Indian in the last election. Whether it played any role in the election’s outcome is difficult to say, but activists who specialize in RTI requests throughout India say that government workers have found many ways to frustrate their attempts to get responses to their questions.
In his maiden budget, Railways Minister Sadananda Gowda said the bulk of India’s future railway projects will be financed through public-private partnerships and that his ministry would seek cabinet approval for allowing foreign direct investment in the state-owned network. (Click here for Rail Budget highlights)
In his maiden budget, Railway Minister Sadananda Gowda said the bulk of future railway projects will be financed through public-private partnerships and his ministry would seek cabinet approval for allowing foreign direct investment in the state-owned network, excluding passenger services.
India’s $15 billion healthcare industry has taken hits on several fronts in recent years, from slow approvals for drugs in clinical trials to several run-ins with the U.S. Food and Drug Administration over the quality of its generic drugs.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Director Arif Ali’s “Lekar Hum Deewana Dil” will try your patience from the word go, so here’s a game you can play to make the experience more tolerable. It’s called ‘Spot the Movie’ and its rules are simple: name the films that this particular snorefest reminds you of. I promise you, there’ll be many.