Economic Times: Indian Economy
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Updated: 1 hour 6 min ago
The sectors are important as they create large number of jobs in the country and also contribute significantly in the country's economic growth.
Last month, the government had brought down wheat import duty to zero from 10 per cent to boost domestic availability and check price rise.
In his letter, copy of which was released here, Panneerselvam said TN experienced a 62 per cent deficient northeast monsoon, following the 20 per cent deficiency in southwest monsoon.
Terming demonetisation a "positive step", Godrej said the negatives from the move have been less than expected and positives would come in very fast.
India has been able to create a stable pool of global knowledge skills, but it has suffered in the 'Retain' pillar (104th).
Tax authorities suspect that cash deposits amounting to as much as Rs 4 lakh crore may be unaccounted wealth that found its way into the banking system.
On the fiscal front, the government will likely remain committed to achieving its fiscal deficit target of 3.5 per cent of GDP for the fiscal year ending March 2017.
Prominent RTI activist Anil Galgali had sought information under the RTI on the extent of irregularities committed by state cooperative banks between November 8 and December 10.
Will provide additional irrigation facility for 13 lakh hectare land in Madhya Pradesh: Shivraj Singh Chauhan
"A subsidy of Rs 26,000 on five horse power pumps is being provided to farmers and additional irrigation facility will be provided on 13 lakh hectare area in the state."
The data compared with a 3.50 per cent annual rise forecast by economists in a Reuters poll. In November, prices rose a provisional 3.15 per cent.
Jaitley, who is keen to ensure that the rules are decided based on consensus rather than voting, acknowledged that it was a race against time.
Chambers said Trump has to address the fact that politics in the US was out of touch with people for while, and has to focus on creating 25-35 million jobs in the next four years.
An 11-member group of secretaries has also suggested that proceeds from such higher taxes be used to increase the government's spending on health.
The study said there are 84 billionaires in India, with a collective wealth of $ 248 billion, led by Mukesh Ambani, Dilip Shanghvi and Azim Premji.
Moody's also believes that the government will likely achieve its fiscal deficit target of 3.5% of GDP for the current fiscal year ending 31 March 2017.
“There are multiple proposals on the table,” said a government official. “The govt is keen on enhancing the purchasing power of people to boost demand.”
Updating numbers for eight previous years could help in explaining jump in growth following switch to the new series.
The change is being proposed about a month after PM Modi announced concessions on interest rates for low-cost housing loans under Pradhan Mantri Aawas Yojana.
Bharti Airtel has also put its stake in Bharti Infratel on the block and is engaged with a clutch of PE investors to sell the stake that is valuing the company at around $11 billion.