Economic Survey 32 key highlights: FM Arun Jaitley sets stage for big bang reforms
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Ahead of the Union Budget on Saturday, FM Arun Jaitley tables Economic Survey 2015 report; economic growth in India seen at 8.5 pct in 2015-16 – indicating scope for big bang reforms.
As per the Economic Survey 2015 tabled in Parliament today, India must adhere to medium-term fiscal deficit target of 3 percent of the country’s gross domestic product (GDP).
The government should ensure expenditure control to reduce fiscal deficit, the report suggests. (Read Full Report: Economic Survey).
The survey prepared by the finance ministry’s chief economic adviser Arvind Subramanian on the state of Asia’s third-largest economy was released ahead of Saturday’s federal budget announcement for 2015/16 fiscal year that begins on April.
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Prime Minister Narendra Modi on Tuesday said his government was not only committed to its 'Act East' policy but was resolved to 'Act Fast' for the eight northeastern states, which he described as India's 'Ashtalakshmi' -- representing the multifaceted nature of prosperity, wealth, and auspiciousness.
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United Nations General Secretary Antonio Guterres on Monday called for the immediate restoration of free navigation through the Strait of Hormuz, stressing that uninterrupted maritime movement is critical for global trade and economic stability amid rising tensions in the Gulf region.
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The sources said the attached properties belong to Reliance Communications (RCOM) and Reliance Infrastructure Ltd. (R-Infra).
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AAP leader Manish Sisodia on Tuesday wrote a letter to Delhi High Court Justice Swarana Kanta Sharma, saying that he will also not pursue his matter in the excise case in her court.
This comes a day after party chief Arvind Kejriwal similarly decided to neither appear in person or appoint any lawyer for his case in Justice Sharma's court.
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Donald Trump is unhappy with Iran’s latest proposal to resolve the two-month war, a US official said, dampening hopes for a breakthrough in a conflict that has disrupted energy supplies, fuelled inflation and killed thousands.
The proposal from Iran seeks to set aside discussions on its nuclear programme until after the war ends and disputes over Gulf shipping are resolved.
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