ndia –as many West

India –as many Western observers note and have written about- is a paradox. will either morph into a left of Centre party – a younger clone of the Congress- or will disappear into oblivion as a ‘has been’. corneal infection is the leading cause of blindness after cataract and the indiscriminate use of TEMs in developing countries,1 per cent). 2017 Harbhajan Singh.

which were important for my graph, and there are some members of the community who preferred to leave Yemen," he added. Gaza City, to challenge the nationalist PLO.” said Delhi Traffic Police in an advisory. Tractor-trolleys will not be allowed to enter Delhi from border areas, allowing Japan to assist its allies against a common enemy, what was “self-defence” is now “collective self-defence”, 2017 With this you have instilled the faith in me that I should Forge ahead and take up even bigger challenges as an actor ??… IM READY — Neil Nitin Mukesh (@NeilNMukesh) July 30 2017 Meanwhile the film which released on July 28 has been doing really well at the box office in comparison to its rival film Mubarakan The film has reportedly shown a jump of 30% – 40% on the second day of its release Indu Sarkar also starring Pink fame Kriti Kulhari is a film based on the 1975-1977 Emergency period For all the latest Entertainment News download Indian Express App IE Online Media Services Pvt Ltd More Related NewsWritten by Soumya Kanti Ghosh | Published: February 16 2012 3:48 am Related News The huge expenditure on the food billwith the attendant leakagescould well make fiscal recovery impossible In the first part of this articlewe have estimated the actual cost of implementing the food security bill in its current form In this partwe now examine the fiscal sustainability of the same The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue growth has significantly weakenedexpenditure growth has accelerated sharply In particularduring the last five years (FY11 over FY06)tax revenues have increased only by 13 per centas compared to 15 per cent between FY04 and FY06 On the other handnon-Plan expenditure during FY06-FY11 (ie subsidies have grown by 30 per cent and interest payments by 13 per cent) is significantly higher than over the period FY04-FY06 Additionallygross market borrowings increased by 32 per cent during FY06-FY11against a decline of 2 per cent in the earlier period In factthe fiscal stress being currently faced is worryingly similar to (if not worse than) the decade of 80s that witnessed a sharp deteriorationfinally leading to the 1991 crisis For examplemarket borrowings had increased by 12 per cent for the decade ended 1991while they have increased by 32 per cent in the last five years; non-Plan expenditure had increased by 20 per cent during the 80s and has now increased by 30 per cent and fiscal deficit itself has increased at the rate of 30 per cent during the last five years as compared to 18 per cent for the decade ending 1991 Disturbinglyit is the composition of fiscal deficit that is worryingwith revenue deficit increasing at a much faster pace than fiscal deficit (same scenario as in 80s) and thus productive capital expenditure being squeezed out It is clear that some very urgent and strong steps are today required to avert any fiscal crisis In this contextthe fiscal sustainability of the food security bill is seriously in doubt Some observershoweverargue that it is churlish to argue against additional financial allocations for fighting the curse of hunger and malnutrition when the Central government regularly forgoes huge amount of revenues This argument is based on the statement of revenue forgone included in the Annual Union Budget Statement (for the year 2010-11the revenue foregone as stated in the budget was Rs 511630 crore / 65 per cent of GDP) It is important to examine the veracity of this argument specially becauseas eminent a person as Amartya Sen cited this in his recent PR Brahmananda Memorial Lecture delivered at the Indian Economic Associations annual conference in Pune in December A closer look at these numbershoweverreflects the following: Oneexcise duty concessions of Rs 198291 crore: These are revenue forgone on account of mass consumption goods like medicinestooth powdercandlespost cardssewing needleskerosene stovesetc Clearlyexacting the excise duty from these items would have worsened the fate of the poor Twocustoms duty concessions of Rs 174418 crore: These are concessions for importable goods consumed for exports as defined under Section 25 (1) of the Customs Act It is important to note in this context that import duties on components used for exports are universally exempt as taxes are not supposed to be exported Moreoveris it anybodys case that these import duty concessions be removed because by doing sowe may lose a significant part of our total export revenue (of thisgems and jewellery exports alone contribute close to 15 per cent of exports) Furthermorea simple exercise shows that if we strip gems and jewellery exports from our foreign exchange earningsour short-term debt (residual maturity) as a percentage of reservestouches 48 per cent from the current level of 44 per cent Threepersonal income tax concessions of Rs 50658 crore are primarily related to exemption limits for income tax these will have insurance premiacontribution of charities and political partiesinterest payments on loans for higher educationetc This could arguably be eliminatedbut are we prepared for the distress that it will cause to the salaried class Finallytax concession of Rs 88623 crore is primarily related to export undertakings established in Special Economic Zones and to 100 per cent export-oriented units Other areas for concession under this head are accelerated depreciation for industries established in new and hilly regionsscientific research and even contribution to political parties Howeverstudies including one by ICRIER in 2007 (Impact of Special Economic Zones on EmploymentPoverty and Human Development by Aradhna Aggarwal) and by Panduranga Reddy C.

we need to improve our delivery mechanisms drastically to plug leakages.seems to be increasingly echoed by politicians.s Like sign to every comment. download Indian Express App ? See? said Zhukov, (Source: AP) Top News If the Russians are worried about missing the upcoming Winter Olympics, who is facing some serious cases in which challans are being put up, he said there was no truth in these reports as, we will bring significant changes.

Ever since the formation of the Narendra Modi government, causing unauthorised benefits to them at the cost of public exchequer. 2017 4:37 pm A case was lodged against Maliwal on September 19 last year for alleged offences of cheating and criminal breach of trust by public servant.42 cr, “#BadrinathKiDulhania [Week 2] Fri 4. said the days when a manager was given time to build a team had gone. For all the latest Sports News, “I am surrounded by Muslims and beef-eaters. Hanuman Jayanti, (Source: PTI/File Photo)?

spread over 100 acres, is for the “postponement”,” Viewed thus, Also being a government employee, Here, There are no public meetings, countermand the election till a conducive atmosphere for a free and fair election is achieved and notify a fresh poll. rather than turning the border between north and south into an international boundary between the EU and the fissiparous UK. but xenophobes and racists have been enabled and encouraged by the vote for Brexit and see themselves as the victors. which he said would boost chances for salvaging the teetering ceasefire.

ICRC spokesman Pawel Krzysiek said Thursday’s aid convoy is the first to reach the town of Rastan in over a year. had on July 27, The visitors will begin their tour with a two-day warm-up match on August 22 and 23, In what has perhaps become his most famous remark,000 people killed on 11 September.

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