Government of India drops plan for separate debt management agency
The Dollar Business Bureau In a move that creates comfort for the Reserve Bank of India (RBI), the Ministry of Finance, on Thursday, sought to drop from the Finance Bill 2015, the proposal to set up a separate Public Debt Management Agency (PDMA), outside the ambit of the RBI. Finance Minister Arun Jaitley, has said to have made a statement to this effect while initiating a debate on Finance Bill in Lok Sabha on Thursday. The move comes in view of the RBI’s role as a government’s fund raiser and a money regulator in the Indian economy. However, the ministry’s consultations are on with the RBI over the preparation of a roadmap to pursue a separate debt management agency in line ...
A review of the Budgets impact on exportsimports and foreign investments
D K Aggarwal, Chairman, SMC Investments & Advisors Ltd. The global economic situation is a major determinant of export performance of any country, thus export growth cannot be viewed separately. With the global economy continuing to be volatile, India’s export growth performance in the last one and a half years has been much below as compared to the previous years. This is because of India’s heavy dependence on petroleum products and Gems and Jewellery. The recent Union Budget tabled by the Union Finance Minister, is perceived to be a pragmatic budget in accordance with the current Indian Economic Scenario, which set the pace for addressing long-pending issues. This path-breaking budget, clearly spells the vision of the Modi-led BJP government. ...
Government for FDI in education sector
Sai Nikesh | The Dollar Business The Government of India, in its upcoming budget, seems to be keen on increasing the GDP share of the Indian education sector in the country’s overall economy. In this regard, the government is strongly willing to increase budgetary allocations in the education sector by calling for more public investments and also the foreign and private investments in the sector. The larger gaps existing in the country’s education standards may provide scope for the government to invite more and more private institutions and foreign investments in the name of infrastructure development. India could find it better to involve the global players through technology which would definitely play a major role in the education sector as ...
Industry keen on FM addressing inverted duty structure in Budget
The Dollar Business Bureau With the deadline for Budget 2015 fast approaching, it is time for pre-budget recommendations especially with respect to the manufacturing industry. With the government’s campaign of ‘Make In India’ (a programme of the government which aims at increasing the share of domestic manufacturing in India's economic growth and create jobs) picking up like wild fire, manufacturers are looking at measures like removal of ‘inverted duty structure’ on key sectors like coir, auto, pharmaceuticals and electronics. Inverted duty structure impacts the domestic industry adversely as manufacturers have to pay a higher price for raw material in terms of duty, while the finished product lands at lower duty and costs less. Several industry bodies have been pressurizing Finance ...
