Trai's decision to reduce the rates of ADC after due consultation would pave the path for lower telecom tariffs, sustained growth, while reduction in rate of ADC on international calls would reduce arbitrage.
Gold, forex assets, IT sector, pharma. Devangshu Datta explains why each of these is a good hedge against market shocks at this time.
Seeking to dispel fears over the state of economy, Finance Minister P Chidambaram on Thursday said the country will return to high growth of 7 per cent in two years and promised adequate public spending to stimulate it.
State-owned Bharat Sanchar Nigam has challenged a massive reduction in fee paid to it by private operators, saying its rural operations would be severely hit as a result.\n\n
It is not easy to be positive on Indian economy. But it is worth a try to do so this festive season thanks the positive developments of the recent past.
An international seminar on accounting practices opened on Monday with Finance Commission chairman C Rangarajan asking the government to ensure better expenditure control for containing fiscal deficit.\n\n\n\n
An effort by President Barack Obama played a key role in returning him to the White House for another stint.
The government's plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products.
Why India is an attractive investment destination
Long distance rates are likely to see massive reduction with Bharat Sanchar Nigam all set to announce fresh rates under the uniform STD tariffs
India has the ability in all respects to be a great power and address our security challenges in the best national interests, says Commodore Venugopal Menon (retd).
With the creation of the state of Telangana, additions were made to ToRs of the 14th Finance Commission to make recommendations for the newly created states after the reorganisation of Andhra Pradesh.
After a delayed start, the monsoon is advancing steadily.
The rupee came under pressure on demand from importers as the dollar strengthened overseas.
India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore.
Prime Minister Manmohan Singh said he wanted reduction in the fiscal and revenue deficits, an increase in public investment, and cuts on wasteful subsidies.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
Two members recommended bringing down the rate by 50 bps in the April policy.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
The government and the Reserve Bank had also imposed certain other restrictions on its shipments, including linking of imports to exports to prevent outgo of the foreign exchange.
Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines.
FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
The move is aimed at cutting the fiscal deficit, which the government wants to contain at 4.1 per cent of GDP.
The future looks somewhat bright for the Indian pharmaceutical industry which is wholly into generics. It expects to get a push from the new US legislation bringing into the health-care fold 32 million or 10 per cent of the country's population which is currently uninsured.
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
It will be put up in the public domain.
The price of petrol is expected to come down to Rs 84.71 a litre and diesel to Rs 77.98
'From the tiniest to mid-level organisations and even some at the lower end of the large-scale ones would say that computerisation and the extensive documentation and regulatory requirements for GST have made the compliance process worse in many cases.'
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
The senior Congress leader was in New Delhi to campaign in Maharashtra Assembly polls.
It said that the GDP growth has averaged 7.3 per cent from 2014-15 to 2017-18, which is the highest among the major economies of the world.
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
The government's total debt increased by 2.6 per cent to over Rs 46 lakh crore in the third quarter ended December, compared to the previous three months of the current financial year.
The country's apex exporters body Federation of Indian Export Organisations said that support extended by the minister for research and development activities and reduction of duties on capital goods will help in increasing competitiveness of Indian products in the global market.
The oil cartel's decision to maintain the production ceiling at its 2016 level, despite the recovery of the world economy, will ensure shortfalls in supply and high oil prices in the foreseeable future, warns Ambassador D P Srivastava.
Narendra Modi has earned a ranking of eight out of 10 in an India Inc survey.
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