The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it.
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
If oil prices rise, the government would face an uncomfortable political decision.
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
India's indigenous paper manufacturers are forced to use a variety of raw materials.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
Yoga improves the flow of oxygen to the brain and thus keeps depression at bay.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
Fifty per cent of bank restructured assets were in infrastructure, steel, power and telecom sectors.
2014 was a year for downturn for most economies across the globe.
The fragmentation of politics and the pressures of coalition management have contributed to a near-secular rise in budgetary social expenditures and spending on subsidies since 1991, leaving little fiscal space for government-led capital investment.
The farming community expects much more substance from the government, Ajay Vir Jakhar.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
'A bit of marketing, a bit of positioning, and a lot of strategic thinking is required, and all this should be in aid of India's strategic intent: Becoming the third pole in a global G3 and aiming for Numero Uno,' says Rajeev Srinivasan.
'There is no change in the overall story of economic recovery.'
Budget will get a welcome reception from the international biz.
Parekh said divestment can unlock huge funds.
Mr Jaitley should devise methods to attract better talents at the higher level.
Economist S Janakarajan, in an interview to Shobha Warrier/Rediff.com warns that without proper infrastructure, India will never be able to build a market economy.
The IPCC has blamed man-made emissions for warming of the globe and long term climate change. Limiting climate change, therefore, will require substantial and sustained reduction of greenhouse gas emissions. This is the message to politicians and policy makers of the world, says Dinesh C Sharma
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
The Budget has evoked mixed reactions from Silicon Valley investors.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
Experts say only three per cent individuals pay taxes.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Union Budget 2015 cuold have included few smaller reforms.
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
M R Venkatesh, chartered accountant turned political commentator tells Shobha Warrier/Rediff.com that Modi's war is not against the opposition parties or the Congress but against the bureaucracy and the establishment.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
The wars of the future will be fought over water and if they occur on large scale, will be far more devastating than any we have seen yet.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
