'We need to look beyond the current approach'.
A proposed 24 percent hike in the salaries of 2.6 million employees and pensioners, will land the railways with a wage bill of about $4.7 billion.
The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
From parity in 1980, China's economy has outgrown India's fivefold to $10 trillion
The RBI cut the rate several times last year to reduce it by 125 basis points to the current 6.75 percent.
India should not loosen its fiscal deficit targets in the forthcoming budget, Prime Minister Narendra Modi's top economic adviser Arvind Panagariya said.
The Indian government will present the annual budget for 2016-17 on February 29.
Retail food inflation in December came in at 6.40 per cent.
Yuan's fall would worsen India's trade deficit with China.
Urjit Patel's reappointment will raise market hopes that Rajan, will also be offered an extension when his tenure ends in September.
Fiscal outlook to be little bit challenging next year: CEA
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
Trade ministers from 162 WTO countries will gather in Kenya's capital from Dec. 15-18 to work on an agreement to liberalise global trade.
India's central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday.
RBI may hold rates steady as economic parametes are going strong, say experts.
Only 400 grams have been deposited so far.
The Reserve Bank of India Governor Raghuram Rajan said bringing down inflation would help stabilise the rupee.
Corporate tax is likely to be cut to 24%.
S&P expects India to grow at 7.4 per cent in 2015, similar to the central bank's forecast for the fiscal year ending in March.
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