[

government spending

]

Govt’s infra push drives up project tenders in Q3

Rising spending on productive assets such as roads, ports and factories support economic growth but the slow pace of growth in the December quarter indicates that recovery may still be on shaky ground and state governments have not fully recovered from the economic disruption caused by the pandemic.
In the public sector, major areas of new spending were roads, water supply, community services, and irrigation
In the public sector, major areas of new spending were roads, water supply, community services, and irrigation
Updated on Jan 20, 2021 06:10 AM IST
Copy Link
ByTanya Thomas, Mumbai

Creating an inclusive welfare architecture

Cover all of India’s poor; and merge welfare programmes under one umbrella scheme
The MGNREGS and PDS proved to be lifelines as central and state governments were able to mobilise the administrative machinery and expand the welfare net, at relative speed(Shutterstock)
The MGNREGS and PDS proved to be lifelines as central and state governments were able to mobilise the administrative machinery and expand the welfare net, at relative speed(Shutterstock)
Updated on Nov 18, 2020 08:26 PM IST
Copy Link
ByYamini Aiyar

Can NEP be Indian education’s 1991 moment?

Education is different from industry. But higher funding for research and better university governance can help
Good research universities are hard to scale up because of their human-capital-intensive nature(Saumya Khandelwal/HT PHOTO)
Good research universities are hard to scale up because of their human-capital-intensive nature(Saumya Khandelwal/HT PHOTO)
Updated on Aug 27, 2020 06:21 AM IST
Copy Link
BySanjay Kallapur

The economic package unpacked | Opinion

Additional government spending is negligible. Demand will remain low. The crisis will persist
Union minister of finance Nirmala Sitharaman in New Delhi, May, 15, 2020(Sonu Mehta/HT PHOTO)
Union minister of finance Nirmala Sitharaman in New Delhi, May, 15, 2020(Sonu Mehta/HT PHOTO)
Updated on May 18, 2020 05:40 AM IST
Copy Link
ByPulapre Balakrishnan

India is poised for deep structural health reforms

Covid-19 will act as a trigger. Aided by technocratic capability and new initiatives, public health will get a boost
India’s weak health care is a legacy of limited attention to it after Independence, and the multiple priorities of a young nation. Health care has not been a vote-catching subject and the government spending is only 1.2% of GDP.(Getty Images/iStockphoto)
India’s weak health care is a legacy of limited attention to it after Independence, and the multiple priorities of a young nation. Health care has not been a vote-catching subject and the government spending is only 1.2% of GDP.(Getty Images/iStockphoto)
Updated on Apr 21, 2020 06:49 PM IST
Copy Link
ByParijat Ghosh and Vikram Chandrashekhar

Coronavirus outbreak: Saudi Arabia quarantine offers temporary lifeline to struggling hotels

Saudi Arabia has quarantined thousands of people in hotels, some in luxury suites, to combat COVID-19, throwing a temporary lifeline to an industry struggling just months after tourist visas were launched.
Saudi Arabia has quarantined thousands of people in hotels, some in luxury suites, to combat COVID-19, throwing a temporary lifeline to an industry struggling just months after tourist visas were launched.(UNSPLASH)
Saudi Arabia has quarantined thousands of people in hotels, some in luxury suites, to combat COVID-19, throwing a temporary lifeline to an industry struggling just months after tourist visas were launched.(UNSPLASH)
Updated on Apr 14, 2020 07:26 AM IST
Copy Link
Riyadh, Saudi Arabia | ByAgence France-Presse

Education spending in need of a budget boost

A previous analysis of National Statistical Office (NSO) data by Ishan Anand in HT showed that access to higher education in India is much lower among socio-economically backward groups.
School children wearing caps attend Republic Day celebrations in Ahmedabad.(REUTERS)
School children wearing caps attend Republic Day celebrations in Ahmedabad.(REUTERS)
Published on Jan 30, 2020 03:48 AM IST
Copy Link
Hindustan Times | ByAbhishek Jha

Four things India’s economy needs right now

The citizenship law is the leading cause for protests across the country, but research shows that economic distress and joblessness add to social unrest, especially among the youth. So, what options does the government have to claw out of the current slowdown and spur employment? In the short-term, most economists agree the government will have to fire three growth cylinders: Personal incomes, demand and government spending.
Finance Minister Nirmala Sitharaman chairs a pre-budget meeting with industrialists, in New Delhi, on December 19.(PTI Photo)
Finance Minister Nirmala Sitharaman chairs a pre-budget meeting with industrialists, in New Delhi, on December 19.(PTI Photo)
Updated on Dec 20, 2019 02:11 PM IST
Copy Link
Hindustan Times, New Delhi | ByZia Haq

Economic slowdown might be more than a passing cycle of low demand | Opinion

What has caused India’s slowdown and when will GDP growth pick pace again? Answering the second question actually depends on the first, about which there’s considerable debate.
Finance minister Nirmala Sitharaman, addressing the media on her government’s crossing of 100 days in office on September 10, passed off the slowdown as part of the cycle.(ANI)
Finance minister Nirmala Sitharaman, addressing the media on her government’s crossing of 100 days in office on September 10, passed off the slowdown as part of the cycle.(ANI)
Updated on Sep 12, 2019 04:50 PM IST
Copy Link
Hindustan Times | ByZia Haq

Saudi king replaces energy minister, naming one of his sons

Prince Abdulaziz replaces Khalid al-Falih, who had been removed just days ago as board chairman of the state-owned oil giant Aramco, a company that he once ran as CEO.
Saudi Arabia's King Salman bin Abdulaziz Al Saud(REUTERS)
Saudi Arabia's King Salman bin Abdulaziz Al Saud(REUTERS)
Updated on Sep 08, 2019 10:57 AM IST
Copy Link
Dubai | ByAssociated Press

No signs of a revival in earnings in June quarter

Analysts said revenues of some companies were hit by muted volumes owing to low discretionary spends, rupee fluctuations, slow progress of the monsoon and delayed private sector spending, while lower prices of commodities such as crude oil offered some respite.
As crude and prices of other commodities fell in the June quarter, companies benefited from lower raw material costs. During the quarter, raw material prices rose 0.22%, down from an increase of 10.9% in the previous quarter and 21.5% in the first quarter of the previous fiscal.(FILE)
As crude and prices of other commodities fell in the June quarter, companies benefited from lower raw material costs. During the quarter, raw material prices rose 0.22%, down from an increase of 10.9% in the previous quarter and 21.5% in the first quarter of the previous fiscal.(FILE)
Updated on Aug 16, 2019 07:14 AM IST
Copy Link
Hindustan Times, Mumbai | ByNasrin Sultana and Ravindra Sonawane

Opinion: An open letter to PM Modi on the economy

The government needs to come clean on the fiscal crisis, and get business back on track
The emphasis on ‘welfarism’ has created a constituency of beneficiaries of State-run programmes who don’t care about the GDP.(AFP)
The emphasis on ‘welfarism’ has created a constituency of beneficiaries of State-run programmes who don’t care about the GDP.(AFP)
Updated on Aug 02, 2019 08:07 AM IST
Copy Link

Budget 2019: Where India can find a cool $1 trillion

Of the $1 trillion of infrastructure investment to nudge annual GDP growth higher by just half a percentage point in Prime Minister Narendra Modi’s second five-year term, at least 55% will have to come from public resources.
India will need $1 trillion of infrastructure investment to nudge annual(AFP)
India will need $1 trillion of infrastructure investment to nudge annual(AFP)
Updated on May 28, 2020 03:00 AM IST
Copy Link
Bloomberg | ByAndy Mukherjee

Build the budget around government spending

In India’s boom years ahead of the 2008-09 economic crisis, it was investment, albeit private, that powered growth. With the export market under significant squeeze today compared to what it was before the crisis, one important driver for private investment is missing
The Indian economy’s biggest vulnerability is oil, and in its first term, the Modi-led government benefited from a benign global oil-price regime. That isn’t available to the new government(PTI)
The Indian economy’s biggest vulnerability is oil, and in its first term, the Modi-led government benefited from a benign global oil-price regime. That isn’t available to the new government(PTI)
Updated on Jun 08, 2019 06:10 PM IST
Copy Link
Hindustan Times | ByChanakya

India moves up to 43rd in competitiveness; Singapore tops chart

Economists regard competitiveness as vital for the long-term health of a country’s economy as it empowers businesses to achieve sustainable growth, generates jobs and enhance the welfare of citizens.
India’s ranking has improved by one place in past one year to 43rd, driven by a growth in real GDP, improvements in business among other reasons.(HT File Photo/Gurminder Singh)
India’s ranking has improved by one place in past one year to 43rd, driven by a growth in real GDP, improvements in business among other reasons.(HT File Photo/Gurminder Singh)
Updated on May 29, 2019 11:47 AM IST
Copy Link
New Delhi | ByPress Trust of India

Fitch affirms India’s rating at ‘BBB-’ with stable outlook for 13th year in row

This is the 13th year in a row that global rating agency Fitch has rated India at ‘BBB-’. It had last upgraded India’s sovereign rating from ‘BB+’ to ‘BBB-’ with a stable outlook on August 1, 2006.
Fitch affirms India’s rating at ‘BBB-’ with stable outlook for 13th year in row(Bloomberg)
Fitch affirms India’s rating at ‘BBB-’ with stable outlook for 13th year in row(Bloomberg)
Updated on Apr 04, 2019 05:04 PM IST
Copy Link
New Delhi | ByPress Trust of India

‘Will not treat loan default by farmers as criminal offence’, says Rahul Gandhi at Congress manifesto release

Congress election manifesto 2019: Farmers who are unable to return loans they take from banks will no more face criminal but only civil cases, Rahul Gandhi said.
New Delhi, Apr 02 (ANI): Congress Party President Rahul Gandhi addresses after releases party election menifesto in New Delhi on Tuesday. (ANI Photo)(ANI Photo)
New Delhi, Apr 02 (ANI): Congress Party President Rahul Gandhi addresses after releases party election menifesto in New Delhi on Tuesday. (ANI Photo)(ANI Photo)
Updated on Apr 02, 2019 02:19 PM IST
Copy Link
Indo Asian News Service | ByIndo Asian News Service

Rahul Gandhi promises right to healthcare law, if Congress voted to power

Congress will roll out a universal Right to Healthcare law, entitling people to free diagnostics and medicines through public hospitals, if it comes to power in the Lok Sabha elections, Rahul Gandhi said.
Congress President Rahul Gandhi being garlanded by party leaders at a public meeting in Sarsara, during his Odisha visit on Friday.(ANI)
Congress President Rahul Gandhi being garlanded by party leaders at a public meeting in Sarsara, during his Odisha visit on Friday.(ANI)
Published on Mar 15, 2019 06:30 AM IST
Copy Link
Hindustan Times, Raipur/New Delhi | ByRitesh Mishra & Rhythma Kaul

India to grow at 7.3 % in 2019, 2020: Moody’s

The US-based rating agency said that the country is less exposed to a slowdown in global manufacturing trade growth than other major Asian economies and emerging markets and is poised to grow at a relatively stable pace in the two years.
Moody’s growth estimates in based on calendar year. India, however, measures its economic growth on the basis of fiscal year (April-March).(AFP/ Representative Image)
Moody’s growth estimates in based on calendar year. India, however, measures its economic growth on the basis of fiscal year (April-March).(AFP/ Representative Image)
Updated on Mar 01, 2019 01:52 PM IST
Copy Link
New Delhi | ByPress Trust of India

The HT View | Interim Budget 2019-20 is a statement of political intent

Since last summer, the momentum seemed to be with the opposition. The BJP needed a strong counter. This budget may just be it
Prime Minister Narendra Modi cheers as Finance Minister Piyush Goyal presents the Interim Budget 2019-20 during the Budget Session at Lok Sabha, in New Delhi, Friday, Feb 1, 2019(PTI)
Prime Minister Narendra Modi cheers as Finance Minister Piyush Goyal presents the Interim Budget 2019-20 during the Budget Session at Lok Sabha, in New Delhi, Friday, Feb 1, 2019(PTI)
Updated on Feb 01, 2019 11:50 PM IST
Copy Link
Hindustan Times | ByHT Correspondent

2019 Budget Reactions: ‘Last 5 budgets were for farmers, this too will be’, says Union minister Radha Mohan Singh

2019 Budget Reactions:This budget is Prime Minister Narendra Modi led NDA government’s sixth and last financial exercise, which will seek Parliament’s nod for spending for six months of the new financial year till the formation of the new government at the Centre.
The last five budgets of the Prime Minister Narendra Modi led government have been dedicated to the farmers and this budget shall also be no different, said Union minister Radha Mohan Singh(HT Photo)
The last five budgets of the Prime Minister Narendra Modi led government have been dedicated to the farmers and this budget shall also be no different, said Union minister Radha Mohan Singh(HT Photo)
Updated on Feb 01, 2019 02:32 PM IST
Copy Link
New Delhi | ByAsian News International

Consumer finance firms set to gain from increased spending ahead of 2019 general elections

Consumer finance firms benefit because while the government boosts public spending in the run up to elections, this trickles down as purchases of tractors and trucks and eventually into retail purchases of televisions and toasters.
A customer inspects a refrigerator on display as a sales assistant looks on at a Croma electronics megastore.(Bloomberg)
A customer inspects a refrigerator on display as a sales assistant looks on at a Croma electronics megastore.(Bloomberg)
Updated on Jun 08, 2018 11:21 AM IST
Copy Link
Bloomberg | ByAashika Suresh

India’s oil addiction undermines economy once more | Opinion

India’s failure isn’t the inability to wean itself off imported crude. It’s that it has failed to compete in world markets so it can pay for the oil it needs.
India has consistently under-performed as an exporter. After the healthy start to 2018, export growth turned negative in March. Four years ago, India exported $310 billion worth of goods a year(Reuters File Photo)
India has consistently under-performed as an exporter. After the healthy start to 2018, export growth turned negative in March. Four years ago, India exported $310 billion worth of goods a year(Reuters File Photo)
Updated on May 02, 2018 11:42 AM IST
Copy Link
Bloomberg | ByMihir Sharma
SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, December 03, 2021