'It has a natural inclination to foster as much competition among civilian politicians as possible.'
At the Interbank Foreign Exchange market, the domestic currency resumed stable at its overnight close of 60.07 a dollar and immediately touched a low of 60.09.
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
The Budget decides to take the lead in revving up infrastructure.
The Budget is remarkably coherent.
Bold reforms and prudent monetary and fiscal policies by the incoming Narendra Modi government will help the economy to grow at 6.5-7 percent, says a report.
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Gold prices on Tuesday rose by Rs 227 to Rs 28,418 per 10 gm in futures trade, largely on speculative positions created by participants amid a firming trend at the spot market.
MF investors may not be able to support markets fall if selling intensifies
India's GDP is poised to accelerate to 5.5 per cent in 2014-15 on the back of improved performance in industry and services but it may take some time for the country to reach its potential growth rate, says an Asian Development Bank (ADB) report.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
Morgan Stanley expects RBI to cut rates sharply rather than "dribble down".
The companies' underrecoveries stood at a whopping Rs 1,39,869 crore last financial year. Of that, Rs 62,837 crore was accounted for by diesel alone.
Rajasthan CM Vasundhara Raje breaks her silence.
Denmark topped the list of the 144 nations.
'During the transition process, we have some control over the withdrawals.' 'In terms of your wealth, the money in your deposit account is where it is.'
Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day.
Reddy has worked to reform the economy.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
Indian economy about to take-off
The Finance Ministry on Thursday said the growth rate in the current financial year will accelerate to 5.8 per cent, better than previous estimates, saying the green shoots of economic recovery are now visible.
How Satyendra Sahay lost 24 kilos in 6 months will inspire you too.
The Budget sets out a comprehensive vision.
Most expect the Budget to be path-breaking.
In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
Honest tax payers need not worry about the new black money law, says finance minister Arun Jaitley.
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
After making a larger-than-expected cut of 50 basis points on September 29, Rajan urged the federal government to do its bit to accelerate growth through structural reforms.
Alas, the 'basic income' schemes that have hit the headlines in the recent past are a far cry from the genuine article in terms of coverage and fiscal implications, says Vijay Joshi.
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
Both the government and RBI have to complement each other if the economy has to revive quickly.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
The Reserve Bank left interest rate unchanged.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
The biggest disappointment was the compromise on the promised corporate tax reduction path.
Clarity on the roadmap necessary to assess its likely impact on near-term fiscal health and investment.
