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Updated Feb 03, 2021 | 10:07 IST The finance ministry doubled spending on health and raised capital spending for asset creation by 34.5% to Rs 5.54 lakh crore for the fiscal year that starts on April 1 FM Sitharaman projected a modest privatisation target of Rs 1.75 lakh crore in the Budget.  New Delhi: Prime Minister Narendra Modi's government is winning rare plaudits for having delivered a budget that is transparent and prudent, coming amid a coronavirus-led economic slump, despite a record fiscal deficit. While budgets in prior years have been criticized for unde...

4 Min Read NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi’s government is winning rare plaudits for having delivered a budget that is transparent and prudent, coming amid a coronavirus-led economic slump, despite a record fiscal deficit. FILE PHOTO: India's Finance Minister Nirmala Sitharaman holds up a folder with the Government of India logo, as she leaves her office to present the federal budget in the parliament in New Delhi, India, February 1, 2021. REUTERS/Anushree Fadnavis While budgets in prior years have been criticized for underplaying the extent of the fiscal deficit b...

Macro Minutes podcast | High probability of successful vaccine rollout expected in current quarter: Shubhada Rao Tune in to the Macro minutes to find out more government policies and the economy. January 11, 2021 / 05:41 PM IST In this episode of Macro Minutes, Arup Roychoudhury gets in conversation with Shubhada Rao, founder of QuantEco Research and former Chief Economist of Yes Bank. Rao said that she believes the centre will still value fiscal consolidation in Budget 2021, and that it may be more reform oriented rather than just spending-focused. Rao also said that the new inflation ta...

Updated Dec 18, 2020 | 14:43 IST Indian economy 2020: The Great Lockdown 2020 did what the Great Recession 2008 could not: Indian economy entered an unprecedented technical recession with contraction in three subsequent quarters of FY21. Finance Minister Nirmala Sitharaman (Source: PIB)  |  Photo Credit: Twitter The Indian economy wasn’t exactly in the pink of health when coronavirus struck. It had been cooling off since the fourth quarter (Q4) of the financial year 2018-19 (FY 2019).  Having lost world’s fastest-growing tag well before the pandemic in ...

TRP scam: Republic Media Network’s CEO arrested by Mumbai police Agencies December 13, 2020 Mumbai, Dec 13: Mumbai Police arrested Republic Media Network's Chief Executive Officer Vikas Khanchandani on Sunday morning in connection with the alleged TRP (Television Rating Points) rigging scam, a police official said. Khanchandani was arrested from his residence here by the police's Crime Intelligence Unit (CIU), he said. He will be produce before a court for further remand, the official said. The police began a probe into the alleged scam after ratings agency Broadcast Audience Research Counc...