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.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
'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.'
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
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 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.
Gold import this financial year is estimated at 945 tonnes.
FM he did not come down hard on Rajan to cut rates
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
Blames govt for raising fiscal deficit by financing consumption-based subsidies rather than focusing on infra.
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
Petrol and diesel will cost Rs 2 a litre less from Wednesday after the first excise duty cut by the Modi government comes into effect.
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.
Earlier, the RBI cut its policy interest rate to 6.75 per cent.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
'If we play our cards right, we may even benefit from the competition between the US and China as seen from increased investment from each of these countries into India.' 'The size of our market gives us an important lever of power which we shall have to play adroitly and intelligently,' points out Ambassador Gautam Bambawale -- who served as India's envoy to China -- in the Professor V M Dandekar Memorial Lecture 2019, delivered on March 8, 2019 in Pune.
If economic growth does not accelerate soon, lower profits and the expectations that accompany them will further deter private investment.
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
Perhaps for the first time, petrol in India costs more than the superior jet fuel (ATF) used in aeroplanes, as the government has levied a record excise duty on the fuel used in two-wheelers and cars.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
Chief Economic Advisor Arvind Subramanian's interview.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
Total subsidy bill could come down to around Rs 2 trillion.
The basics and history of India's tax policy suggests that increase in the number of taxpayers has occurred and so has compliance with a reduction of tax slabs and moderate rates of tax.
Make In India and the reduction in barriers of trade will potentially create a growth environment.
The policy statement by the RBI governor is also expected to be upbeat.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Don't get carried away by the current rally; be picky and take a stock-specific approach.
CRR remains unchanged at 4%; first repo rate cut since May 2013.
Getting the balance between fiscal restraint and growth-contracting policy remains a problem.
'The 24x7 power for all vision is inspiring, because as we've so often seen, where India leads, the world follows,' says Rajiv J Shah, President, The Rockefeller Foundation.
