Nearly 20 lakh jobs will be up for grabs for those having skill such as IoT, mobility solutions, telecom infrastructure, network architectures, sales among others.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
India's manufacturing sector activity contracted for the second consecutive month in September as both output and new orders witnessed a decline, an HSBC survey said.
'Tax cuts will have only marginal effects in the short run and significant positive effects in the medium term,' says Shankar Acharya, former chief economic adviser to the Government of India.
The fall in international oil prices had resulted in six consecutive reduction in petrol prices since August and two in diesel in the last one month and there was possibility of another round of cuts this weekend.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
'The Chinese made their point repeatedly after August 5. They backed Pakistan more overtly than in the past.' 'Kashmir is not completely off their radar. But in order to keep the atmosphere surrounding the Chennai meeting, they did not discuss Kashmir.'
The decline in inflation was broad-based across major commodity groups except housing and fuel and light.
Coal India would open 60 new mines soon, the minister said.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
The Budget would preserve macro-economic stability.
Growth in India is expected to remain strong and stable in 2015
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
'A balanced head plus heart approach would be a full opening up of the economy including manufacturing and internal travel in the country but excluding COVID-19 hotspots,' recommends Jaimini Bhagwati.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
Government's objective is to bring down the cost of cultivation through efficient use of fertilisers and agro chemicals, and increase in realisation. It is, thus, planning to connect 200 agricultural mandis with electronic National Agricultural Mandis this year and 225 next year, to enable farmers to sell their produce hassle-free online.
The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.
The government on Monday slashed import tariff value on gold and silver to $408 per 10 grams and $617 per kg respectively, in view of weakness in bullion prices globally.
This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre's share, which means devolution will be for 28 states compared to 29 earlier.
In Singapore, gold prices have risen by 0.46 per cent to $ 1,294.20 from $ 1,288 per ounce in last one fortnight.
She said 30 basis points (0.30 per cent) rate cut has already happened.
Any revision in gold import duty is unlikely to take place before the Budget, says finance ministry official.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
Reducing policy rates is not enough. The key is to ensure banks lend to credit-constrained borrowers.
The central bank may need to further ease the rates by 50-75 bps.
RBI also retained its GDP growth forecast at 7.6 per cent
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
Enhanced revenue generation is a priority for the government.
Prime Minister Singh has assigned a senior Congress leader to placate the President, who is upset with Finance Minister P Chidambaram, reports Anita Katyal.
India must announce liberal policies to attract foreign investors.
Clearly, LoCs are becoming a key arrow in India's economic diplomacy quiver.
Global disinflation has finally caught up with India's high-cost economy.
Subject to finance & tech from rich countries through an ambitious, fair Paris deal
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
A fall in the rupee could boost exports. But the flip side of the equation is that a weaker rupee could stoke some inflation
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
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