Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
'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.
Make In India and the reduction in barriers of trade will potentially create a growth environment.
Jaitley's Budget has the potential to change the face of Modi's Bharat
The policy statement by the RBI governor is also expected to be upbeat.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Total subsidy bill could come down to around Rs 2 trillion.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
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.
A glance back at some important events that occurred in 2018.
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.
The excise duty on unbranded petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre.
Getting the balance between fiscal restraint and growth-contracting policy remains a problem.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
It makes sense to wait for govt schemes such as gold bonds.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Gold has pushed lower as a result of Chinese selling.
All these measures will revitalise the manufacturing sector, which has been in doldrums.
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.
'We have the geographic advantage, demographic advantage, we have the necessary technical skills.' 'We just have to get all of these together. Then, we can very well compete.'
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
The Chinese leader is today facing some open, or less subtle, criticism from within the party and from liberal intellectuals who are increasingly concerned by the concentration of power in his hands and the increasing authoritarianism of the regime, says Claude Smadja.
Changes in threshold not to have a significant revenue impact, say officials
'The Chinese mindset and approach to India is far different from that in Pakistan.' 'This reality makes it possible for us to follow an engagement policy with one, while militating against engagement with the other.'
If you are one among the millions of existing borrowers who are paying a higher interest rate compared to new borrowers of the same bank, make your shift now, before prepayment charges make it more expensive.
'Xi Jinping is keen that the second Trump-Kim summit happens soonest.' 'Kim is reported to have told Xi that he expects to achieve a result from a second summit that the international community would welcome,' points out Dr Rajaram Panda.
For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
Spotlight likely on cement, metals, road cos
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
If crude prices have increased, retail petro product prices should go up.
With the government not continuing with lower excise duty beyond December 31, major car makers, including Maruti Suzuki, Hyundai, GM India and Honda have raised vehicle prices by up to Rs 127,000.
'If you yourself don't believe in the product, you will never be able to sell it.' 'If you have got the basics right, if you have understood the consumer needs well, success will always follow.'
Govt clamps have resulted in 93% decline in April-November
Stability in currency markets was only restored from September.
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