India Insight

Exclusive: What Maneka Gandhi told India’s finance minister about child welfare budget cuts

May 19, 2015

Narendra Modi faces growing resistance from political friends and foes over some of his federal spending cuts as he nears his one-year anniversary as India’s prime minister. The government recently cut funding for programmes such as drinking water and welfare for women and children, saying that states can make better decisions on what to spend in their own backyards.

Govt’s priority should be to kickstart economy: Ex-Infosys CFO Balakrishnan

By Reuters Staff
February 26, 2015

Workers are pictured beneath clocks displaying time zones in various parts of the world at an outsourcing centre in BangaloreFinance Minister Arun Jaitley has the tough task of balancing the need to boost spending and maintaining fiscal discipline when he presents the annual budget on Feb. 28. Former Infosys CFO V. Balakrishnan says the government’s main priority should be to revive the economy by loosening up its purse strings and the country could live with a “slightly higher fiscal deficit.”

A look at India’s last five annual budgets

February 17, 2015

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The countdown has begun for the biggest business and economic event of the year – the release of India’s annual budget on February 28. Finance Minister Arun Jaitley is under pressure to unveil reforms that will put the country’s economy on a path of 7-8 percent growth over the next two years.

Markandey Katju: Ex-India Supreme Court judge stirs the pot

July 24, 2014

Comments by retired Supreme Court judge Markandey Katju had India’s parliament in uproar this week. In a blog post published by the Times of India, the chairman of the Press Council of India hinted at a connection between the government and the judiciary in the elevation of an allegedly corrupt judge in Tamil Nadu.

Budget 2014: Reactions from the common man

July 10, 2014

Security personnel stand guard near sacks containing the papers of the federal budget for the 2014/15 fiscal year, at the parliament in New Delhi July 10, 2014. REUTERS/Adnan AbidiPrime 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.

Bollywood seeks tax breaks from Budget 2014

July 9, 2014

By Shashank Chouhan and Sankalp Phartiyal

Bollywood is hoping that the newly elected government’s first budget will contain tax breaks that will let it write a happy ending, at least for this year and next.

Narendra Modi’s new team of ministers

May 27, 2014

The Indian government on Tuesday announced its list of cabinet ministers along with their portfolios, a day after Narendra Modi was sworn in as the new prime minister.