Inclusive, well rounded, ambitious, middle class friendly, pro women, rural centric and above all, a growth oriented Budget that is not shy to set the bar high, with a clear roadmap to give wings to Modi's vision, is the defining undertone of Budget 2019.
Prime Minister Narendra Modi is a master of political timing that often leaves friends and foes panting for breath. It has helped Modi survive in the political jungle, both in Gandhinagar and Lutyens’ Delhi, where he currently resides.
While the country’s GDP growth has moved in the wrong direction ever since the implementation of the GST, one would still believe that an effective GST system can improve tax collection rate and help indirectly push India’s growth rate eventually.
The Goods and Services Tax (GST), which is based on the premise of “One Nation One Tax”, makes India a unified common market. It is a single destination-based multi-stage tax on the supply of goods and services, right from the manufacturing to the consumption stage.
Shah Jehan Sheikh, an unrepentant criminal in Bengal’s South 24 Parganas involved in a spate of bloody terror that has hit the state’s bordering region with Bangladesh, was named by his parents after the Mughal emperor because they wanted him to earn fame. But, the four letter word turned fear instead of fame.
What initially seemed as an honest admission of failure to lead the party to a win in the general elections for the second consecutive term has now assumed farcical proportions. And this is serious.
Some very good amounts of rain is predicted in East and Central India during the last 10 days of June. South India will also witness moderate amounts of rain.
The 17th Lok Sabha comes into motion with the protem Speaker Dr Virendra Kumar, the representative from Tikamgarh in Madhya Pradesh, swearing in the newly elected members over the next two days, beginning Monday.
What Modi's critics conveniently forget is that the 5.8 per cent in the March 2019 quarter has come, despite rising global protectionism,that in the last 6-9 months,has taken a turn for the worse.
We are into the second week of June - the first month of the Southwest Monsoon period - but the picture hasn't boded well for the performance of Monsoon so far. In fact, we can say that Monsoon is weak, very weak. First, it was a delayed onset over Kerala (June 8) and now the rains aren't up to the mark.
We are happy to note that with the policy today and in the run up to it, two out of these three have been largely adopted. Thus the stance has been made explicitly accommodative.
The broad contours of the economic thrust to be pursued in the Modi 2.0 are now becoming more and more visible, indicating the BJP-led NDA government’s big agenda to drive growth and jobs.
Sri Sri Ravi Shankar, the Indian spiritual and wellness guru, invoked lines from Rabindranath Tagore during a keynote address in Oslo, almost a century and six years after India’s most popular bard was awarded the Nobel Prize for Literature.
The new Cabinet of Prime Minister Narendra Modi has an imprint of continuity and caution that has been the hallmark of Modi’s leadership.
The elections handing over a stable and strong government for second consecutive time is welcome relief to market participants. In particular, it will help keep India’s country risk premium stable amongst its peers. With this out of the way, local policy can afford to start focusing emphatically on the evolving macro narrative.