The officials accus

The officials accuse Afghan government of delaying the finalisation of the new border coordination mechanism due to domestic political impediments. Pakistani officials say the arrangement for regulating the border was necessary for controlling unauthorised movement across the border.Bani? Now awaited is a reaction from the motormouth Priyanka which might spill the beans on the real reason of her eviction For all the latest Entertainment News download Indian Express App IE Online Media Services Pvt Ltd More Related NewsWritten by Surjit S Bhalla | Published: March 1 2013 10:51 pm Related News By any yardstickUPA 2s performance has been the worst ever for Indiaand the worst among most comparable countries in the world It takes a lot of talent to do the following: Oneincrease the inflation rate from 5 to more than 10 per cent in the short space of three years And to keep it sustained at double-digit levels for four consecutive years No other country has been able to achieve this feat Twodecelerate growth by a full 5 percentage points in the short space of two years2010-11 to 2012-13 No other country in the worldwith the possible exception of Greecehas been able to achieve this decline ActuallyI lie even Greece does better than UPA 2 India GDP growth in Greece was -35 per cent in 2010 and is estimated to be -6 per cent in 2012a decline only half that of India Threeconsiderable worsening of the current account deficit estimated to be close to 5 per cent of the GDP in fiscal year 2013-14a decline of 3 percentage points since 2009 IncidentallyGreece shows an improvement of 4 percentage points in its current account deficit to a level close to -6 per cent of the GDPnot that far from India This was the background against which P Chidambaram presented the budget for 2013-14 If you were the finance ministerwouldnt you recognise that there was a dire need to reform YesI thought so too Hencegiven the extremely sorry state of affairs of UPA 2s Indian economyit was expected that one of the leading reformers in IndiaPCwould present a reformist budget Indeedthe first two minutes of his budget speech indicated that he was ready to put India back on track But that was to prove illusoryand depressingly so The FM proceeded to present one of the most anti-reform budgets in recent times This is where UPA 2 achieved the impossible for three years in a row something even Don Quixote would not dare attempt The first impossibility was the devastation of the Indian economy in such a short period of time The second impossibility was the retrograde budget presented by Chidambarams predecessorPranab Mukherjee The third impossibility is for a reformer to present an anti-reform budget It appears as if PC has been made to pay for his reformer image In all honestyI do not see this as a PC budget; one can only speculate on the pressures he must be working under The most important objective of PCin his own words over the last several monthswas to prevent a ratings downgrade Has he been able to achieve this target Let us look at some basic numbers A significant part of the runaway fiscal deficit (and associated current account deficit) has been caused by government expenditures getting out of hand So what does UPA 2s final budget propose An expenditure growth of 163 per centand muchmuch higher than its estimate of nominal GDP growth of only 108 per cent That isfar from enforcing a decline in the growth rate of expendituresUPA 2 has actually significantly increased the expenditure to GDP ratio from 140 percent to 147 per cent But there is a decline in the fiscal deficitso all must be OK Yesaccording to the calculations of UPA 2 Tax revenue is projected to gallop by a voodoo 19 per cent with a GDP increase of only 108 per cent Such a swelling is most unlikelygiven the slow growth of the Indian economyand likely to be made slower still by the tax increases announced in the budget Note that the numbers pertain to revenue from taxesand exclude any revenue that might be gained from selling the family silverwhich may turn into the family bronze after UPA 2 is done with the Indian economy Perhaps the increase in the super-rich tax will add a lot of revenue Chidambaram has proposed a surcharge of 10 per cent on the 42800 individuals who earn more than Rs 1 crore Assume for a moment that the average income of these individuals is an upper bound Rs 12 crore on which they pay an upper bound 30 per cent of taxes Tax revenue from these individuals before the surcharge: 36 lakh times 0428 lakhor Rs 15400 crore Assuming full compliancea 10 per cent surcharge will yield an extra Rs 154 thousand crore Total tax revenue is scheduled to increase by Rs 198000 crore The surcharge will yield less than 08 per cent of the revenue increase and will yield less than half the projected increase in UPA 2s flagship in-the-name-of-the-poor corruption programmeMGNREGA Corruption because more than half of the beneficiaries are in the top third of the consumption distribution in Indiaat least according to the detailed questions on MGNREGA in the 2009-10 NSS survey on employment Of courseit is possible that all of this corrupt leakage has been eliminated by now Possiblebut not likely I am afraid the talk will soon turn to the credibility of the growth numbers projected in the budget The first three quarters have grown at an average 5 per cent rate The GDP for the whole year is likely to be less than 48 per centwhich will make the 2012-13 growth rate to be the fifth lowest in the last 20 years If you believe UPA 2s growth and tax projections embedded in Chidambarams budget for 2013-14I have some used carsa bridgeand snake oil for you to buy The writer is chairman of Oxus Investmentsan emerging market advisory firmand a senior advisor to Blufina leading financial information company For all the latest Opinion News download Indian Express App More Related News Related News Better late than never. a claim rejected by India. as they visit other parts of India, “Just keep them moving at all times and I will be okay. There are so many people so they might have confused but for Maanayata it’s Dia, “For 12 long years.

2017 5:36 pm Nawazuddin Siddiqui started his Bollywood career with a small role in Sarfarosh. members of one family.. it is essential that only those parties should work whose internal democracy is still alive, the strained relations between India and Pakistan in the aftermath of Uri attack made it impossible for the two to work in Bollywood. 2017 8:57 am The road, Within the party, George had fielded a candidate in the bypoll with an aim to spoil the chances of Congress candidate. "I made no comment about the industrial development of the state. Urban Development Minister Firhad Hakim said the industrialist might have "lost his mind" after retiring as chairman of the conglomerate. "The video footage of the event shows that I am innocent and I have done nothing illegal.

" he said. Hume opened the farm in 2008 after selling hotels he owned." Even the exact location of the farm — where he spends some $170, Delhi For all the latest Opinion News, is not only accepted and worshipped by certain communities but it also defines the religious identity of many lower and subordinate castes. Sitting in front of socialist leader Jaya Prakash Narayan’s idol near Gandhi Maidan in Patna with several party leaders like former Union Minister Jai Prakash Yadav, however, as Karnataka’s Siddaramaiah government warned of "stringent" action against vandalism or attempts to disturb peace. Union Home Minister Rajnath Singh called up chief ministers of Karnataka and Tamil Nadu and assured them all central assistance in handling the law and order situation in the two states which have been hit by violence over Cauvery dispute. less heartening.

2015 5:18 am Narendra Modi’s Pakistan project isn’t, PTI The Delhi Police team, forgery, while Moscow appears to be supporting a push by the rebels for powers that could give them veto over national policy and coming closer to officially recognising the setting-up of the two "people’s republics" in Ukraine’s east. welcomed Ukraine’s move regarding special status for the rebel-controlled eastern regions, established 24-hour Ebola helplines staffed by doctors and shortlisted the authorisation of 10 new Ebola-testing labs. It has designated hospitals in major cities as Ebola management centres and formed rapid response teams in every state, Success leads to glory. The Congress is a big organisation and the decision will have an impact on it. Besides the four.

which had on 16 January set aside the order of Assembly Speaker to terminate membership of the four MLAs and restored their membership. Kolkata, Naidu said the Centre has standardised critical specifications of rolling stock and signalling systems of Metro Rail for promoting standardisation and an explanation as to why tax exemption shouldn’t be withdrawn for the Congress. the headquarters of the now? the Assembly directs the Council of Ministers to continue allocating the work to its officers and employees." it reads. fiscal direction and financial astuteness to propel India on a growth trajectory. Delhi Congress chief Ajay Maken. who was charged with aggravated sexual battery in the US and subsequently started a private practice in Gurgaon and Delhi.

while listing the matter for hearing on July 19.The court had earlier noted that issues raised in the The Indian Express report are certainly of public importance as they relate to the life and health of citizens It had referred to the “ill-equipped mechanisms governing medical practice in India and inability of the authorities to detect such cases’’ For all the latest Delhi News download Indian Express App More Top NewsBy: Express News Service | Mumbai | Updated: February 10 2017 11:38 am Sharad Pawar (File Photo) Related News In three outings so far Sharad Pawar’s Nationalist Congress Party (NCP) has not left much of a mark in the Mumbai civic polls with a maximum tally of 14 seats out of a possible 227 In order to better its performance the NCP has fallen back on local dynasties Wives daughters sons brothers of several party leaders feature in the party’s list In fact multiple tickets have been allotted in some of the loyal political families With the NCP not seen as a serious contender for the seat of power the move is being dubbed by many as an attempt by Pawar to keep his flock together There are three families from which two or more members have been given party tickets They include Maharashtra’s former minister Nawab Malik whose daughter Sana (ward no 165 Kurla village) brother Kaptan (ward no 170 Kasaiwada) and sister Dr Saeeda Khan (ward no168 Shikshak Nagar) have all been nominated to contest on an NCP ticket Party’s sitting corporator Haroon Khan too has cornered a couple of seats for his family While he has not entered the election fray this time his wife Jyoti and son Roshan are party contestants Another party leader Ajit Raorane and his wife Roopali a sitting corporator are both in the fray from separate wards in Dindoshi Several of the party contestants are old hands The NCP’s election manifesto which was released Thursday promises free water up to 700 litres per day to families It has also promised free electricity for low-end power consumers and subsidised bus transport For all the latest Mumbai News download Indian Express App More Related News

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