The Budget for year 2017-18 projects a total shortfall of Rs 5.5 lakh crore with total expenditure projected at Rs 21.5 lakh crore against receipt (excluding states’ share) of Rs 16 lakh crore . A look at the different components of the budget.
Continue reading “Budget – Revenue and Expenditure Analysis..”
The cabinet approval for listing of five general insurance company is a smart move which would not only mop up some money for the government but also pave the way for listing of LIC, the insurance behemoth. Further, this would bring about greater transparency and visibility to their operations. Despite having total investments of nearly Rs 27 lakh crore, almost one-fourth the size of entire banking industry, sector’s financial details receives very low attention in the mainstream media. A brief look at aggregate indicators of the sector.
Continue reading “Understanding India’s Insurance Sector..”
Maruti Suzuki has signed an agreement to transport cars from Varanasi to Kolkata, lapping up the opportunity to utilise inland waterways within the country. The development, seemingly small but one with a huge potential and like many other initiatives of the government, has the potential to change the landscape of goods transportation within the country. In fact, the ease of transportation and huge benefits arising out of it leaves one wondering why Waterways have not been developed so far..
Ken-Betwa river linking project is an ambitious project with considerable benefits so much so that Ms Uma Bharti, Union Water Resources Minister, threatened to go on hunger strike last month if the project is not cleared soon. The project, if successfully initiated, will pave the way for taking up many more such projects, crucial to meet country’s irrigation needs and change the face of Indian agriculture.
The Central Statistics Office (CSO) released estimates for GDP for 2015-16 last week, which recorded growth of 7.6% (at constant prices), the best in four years. The quarterly number at 7.9% is second best in last eight quarters.
Mauritius has finally succumbed to continued pressure from India to amend the tax treaty and that must have been the result of some tough talk from the present government. Continue reading “Mauritius Treaty Amendment -A brief…”
After Struggling for nearly nine years with Corus, Tata Steel has finally called it quits. A sad event for sure, to end the audacious attempt by Mr Ratan Tata to take Tata Steel global. Continue reading “Tata Steel Corus buy – What went wrong…”
Inflation… Probably the most haunted word, for both, households and the policy makers is equally haunting for the readers/ students of economy and business..! Continue reading “CPI and WPI Inflation- Making sense of numbers..!”