Direction.
DIRECTIONS (Qs. 101-105) : Read the following passage carefully and answer the questions given below it.
The finance ministry on Monday said the Union budget would be growth-oriented, implicitly signaling that it will address the investment crisis in the Indian economy. Given the fiscal constraints and other parameters under which the government has to function, the effort of the government is to present a budget which is growthoriented, that maintains the momentum of growth and tries to develop on it, economic affairs secretary Shaktikanta Das said in an interview with DD News uploaded on YouTube on Monday.
According to Das, the budget will also detail new measures to support ongoing programmes such as Start-up India, Standup India, Make In India, Digital India and the Skill mission all of which have a strong focus on creating jobs. Finance minister ArunJaitley will be presenting his third budget on 29 February at a time when private investment has dried up and the exchequer has had to incur higher expenditure due to implementation of the One Rank One Pension scheme for the armed forces and the recommendations of the Seventh Pay Commission. That may cramp the governments ability to accelerate public investment to revive economic growth while sticking within the confines of its fiscal deficit targets. Some parts of the government believe that the emphasis should be on growth and not fiscal consolidation. Other parts, and the Reserve Bank of India, believe the finance minister should adhere to his fiscal commitments made in the last budget.
Without revealing whether the government will digress from the path of fiscal consolidation, Das said the governments priority is to take a balanced view on the expenditure requirement to keep our growth momentum and to what extent we can borrow. Care Ratings chief economist MadanSabnavis said the government has to increase its allocation for public investment on infrastructure to stimulate growth. I expect government to spend ? 10,000-20,000 crore additional amount on infrastructure. Given nominal GDP (gross domestic product) is not expected to expand significantly, the leeway for the government to spend more may not be there while keeping fiscal deficit within 3.7-3.9% of GDP. So I dont expect a big-bang push for infrastructure spending given the fiscal constraint, he said.
The finance ministry revealed more contours of its budget when minister of state for finance JayantSinha, also in an interview to DD News, said the four pillars of the budget will be poverty eradication, farmers prosperity, job creation and a better quality of life for all Indian citizens. This budget will be a forward looking budget that will ensure that India will continue to be a haven of stability and growth in a very turbulent and choppy global economic environment, he added.
The government has been contemplating tax incentives to companies in the manufacturing sector, including tax deductions on emoluments paid to new employees, to encourage firms to step up hiring and create jobs under its Make in India initiative. The government published suggestions that it has received internally from various government departments and other stakeholders on the mygov.in website, seeking further ideas and comments from the public. Suggestions being considered by the government include financial incentives, tax incentives under the Income Tax Act, 1961, and subsidies for equipping employees with job skills, and upgrading and improving employment exchanges. Another suggestion is to expand the scope of the tax deduction currently available to companies that add at least 10% to their workforce in a year by lowering the threshold. This incentive is available only in cases of employees who earn less than ? 6 lakh a year.
For better infrastructure.
For tax deductions on emoluments paid to new employees,
To create new job opportunities and to initiate project Make in India
to create new job opportunities and to initiate project Standup India.
C. To create new job opportunities and to initiate project Make in India
One who likes Cricket
One who likes Boxing
Sardana Singh
P.V.Sindhu
Juan Manuel Santos
Oliver Hart
Bengt Holmstrom
Svetlana Alexievich
11.55 lak
10.65 lak
10.55 lak
9.78 lak
56.9 degree
76.5 degree
48.6 degree
68.4 degree
44.45%
40.76%
40.75%
40.66%
$63 billion
$63 million
$66 billion
$44 billion
TOSHIBA
Lenovo
DELL
Samsung
J2EE
JDK
JAVA SE
JDBC
If only course of action I follows
If only course of action II follows
If either course of action I or II follows.
If neither course of action I nor II follows.
Only (A)
Both (A) and (B)
Either (A) or (C)
Both (B) and (C)
Vikram Seth
Suketu Mehta
Upamanyu Chatterjee
Arundhati Roy
42
34
31
22
traditional , a chronological
provocative , an insensitive
forceful , a concise
focused , an expansive
C
G
I
F
5.76 lak
4.67 lak
3.69 lak
3.96 lak
850
650
150
750
Comcast
Net Neutrality
Oblique-net
Net Fraternity
A look at the historical data on forecasts made by the IMF in its World Economic Outlook (WEO) reports seems to suggest that optimism bias may be the bigger culprit.
The large negative forecast errors in the recession years skewed the historical averages.
Over the past few years, the growth forecasts made by the International Monetary Fund (IMF) have displayed one consistent pattern
Has predicting the fate of the global economy become more difficult in a volatile post-crisis world, or does the IMF suffer from an inherent optimism bias?
6.5
7.5
8.5
9.5
Only I and III follow.
Either III or IV follows
Only IV follows
None follows.
If only assumption I is implicit
If only assumption II is implicit
If either I or II is implicit
If neither I nor II is implicit
The tax treatment of the Permanent Establishment in such a case is under consideration
How would the profit would be shared is not decided yet?
A lengthy and cumber some process requiring a lot of application of mind and revenue principles is ahead for the tax department of India
A new trend is seen in last decade.
100%
200%
75%
85%
3599.34
699.34
3958.34
999.34
Rafael Nadal
Andy Murray
Roger Federer
Novak Dokovic
5600
6550
6552
5662
That new budget will make India stable forever.
The four pillars of budget will lead to make stability.
India will continue towards stability even in disturbed economic environment.
The budget will remain unchanged even in turbulent and choppy economic environment.
Varun Singh Bhati
Deepa Malik
Amit Kumar Saroha
Devendra Jhajaria
80
100
120
130