The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
The delegates from both sides will discusses issues, including connectivity at the Zero Point and the number of pilgrims to be allowed.
India was among the top-five economies with the largest general government capital stock level, said, in 2015, an International Monetary Fund report called "Making Public Investment More Efficient". The report fuelled a debate on countries sitting on piles of cash that could be used better. India was believed to have public assets worth $4.5 trillion. The report urged countries to start asset recycling. Six years after the report, Australia's success in asset recycling has turned India into a believer; despite doing averagely in its previous efforts on roads, railways or meeting its divestment targets.
Union Transport and Highways Minister Nitin Gadkari on Saturday rode into a controversy when he was caught on camera entering RSS headquarters in Nagpur on his scooter without wearing a helmet in violation of traffic rules.
The actor, who has been catapulted to the national spotlight for his work in helping stranded labourers, has refuted reports of his political motivations and says his work with the migrants is because of his love for them.
While, on the surface, it seems revolutionarily new, Toyota has essentially plugged in gaps in the Fortuner's package. Tushar Kamath/CarDekho.com drives a Toyota Fortuner 2.8 4x4 AT to find all about it.
Almost half the overall projects costing at least Rs 150 crore (Rs 1.5 billion) are facing a time lag as on March 31. Of 558 projects, 272 were running late when FY13 came to an end, official data showed.
She is changing India one village at a time.
The third-generation model is the most flamboyant Superb that Skoda has ever pulled off
Audi Q3 not only has the looks of an SUV but offers better ride quality.
'While they are a long way off from the box office muscle that the Khans enjoy, a host of young stars are entering the Rs 100 crore club that was earlier the reserve of the seniors. This year will see a lot of young stars in action.'
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