There are a dozen state-run oil and gas companies but they do not have the financial power to rival global oil majors in bids for overseas oil assets.
Here's the sour part for the centre: it has signed a blank cheque to reimburse states for not only revenue losses post-GST, but also guaranteed a 14 percent growth annually.
Setting up a mission with a target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards will also provide the necessary direction to the government’s agenda of building a cashless economy.
The government's shock move in November to replace about 86 percent of currency in circulation will delay the clean-up of bad loans beyond a March 2017 deadline, bankers and analysts say.
The mega project, as part of which 72 new stations will be built, will cost over Rs 50,000 crore, which is to be borne equally by the state and the Centre.
The budget sops come days before India holds five regional elections that will go some way in determining whether Modi can win a second term as Indian leader in 2019.
There are some misses in the presentation which could have been addressed but have been kept aside.
Almost all the associations and bodies representing commerce and industry welcomed the introduction of Trade Infrastructure Export Scheme with an allocation of Rs 3.96 lakh crore, which will help the Indian exporters to become globally competitive.
Finance Minister Arun Jaitley's other proposals include launch two new schemes to promote the usage of the BHIM app including referral bonus and cash back for merchants.
The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley on Thursday.
With railways plagued by repeated derailments, government on Wednesday proposed setting up of a special safety fund of Rs one lakh crore that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings.
The record allocation for the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) programme, at Rs 48,000 crore, to provide jobs to 50 million households, is an open acknowledgement of the philosophy of the Congress party.
New Delhi: Prime Minister Narendra Modi described the Budget as "futuristic" with an aim on fulfilling the "dreams" of every section, including the poor, the farmers and the under-privileged while focusing on job creation, transparency, urban rejuvenation and rural development.
Finance Minister Arun Jaitley on Wednesday unveiled measures to leverage India's "huge demographic advantage" and maximise the employability potential of the youth, and also announced a Rs 4,000-crore programme 'SANKALP', aimed at providing market relevant training to 3.5 crore youth across the country.
The intensity of the competition has also taken its toll with many companies exhausted, out of ideas and virtually running on empty, or on corporate debt.
It's never a good practice for one holding company, in this case the Indian Railways, to occupy every part of the value chain.
The impact of demonetization on the economy will be long lasting if it’s not now bolstered with an Indian equivalent of quantitative easing similar to what the US and western economies did after the 2008 banking collapse
The effects of this announcement will impact the GDP and the overall business economy and growth of US.
With the announcement of 1 July as the new date for implementation of GST, it is likely that the indirect tax proposals in the Union Budget 2017 will be a precursor of sorts to GST.
The recently released advanced GDP estimates, which forms the basis of FM’s budget estimates and growth projections, has been arrived at with just nine month data and without reflecting on the impact of demonetisation.
With adequate policy support from the Government, fintech lenders can help meet the unfulfilled credit demand of over $ 250 billion among SMEs
If Rahul Gandhi is given a chance or he grabs it himself he will tell us it is populist and each year one segment invariably tells us this and I have never figured out what is wrong with populist.
The Survey wants the government to focus on apparel and footwear sectors to boost job creation
Highlighting the short term pain in the economy, Subramanian is holding a mirror to finance Minister Arun Jaitley, who is set to present the Union Budget on Wednesday
Beyond the boundaries of the corporate world, startups have a far-reaching ripple effect on the socio-economic fabric of the demography in which they operate.
The survey is candid in pointing out that there will be a slowdown in growth this year too which will be between 25 to 50 bps lower than their baseline projection of 7%
Economic Surevypoints out that UBI should be an alternative, not an add-on, to the various social welfare schemes currently in force
The Economic Survey, however, sees India's GDP rebounding sharply in the range of 6.75-7.5 percent during the fiscal year ending March 2018
If the UBI sum turns out to be a pittance like the pension scheme, it would become more a political gimmick than a scheme to address poverty