Telecom companies put in bids worth a total of about Rs 45,000 crore (Rs 450 billion) on the second day of the auction on Tuesday, with premium 900 Mhz band in Delhi, Mumbai and Kolkata witnessing continuing demand.
Rationalisation of reserve prices in the ongoing spectrum auction helped the government to get Rs 40,000 crore of bids on the opening day.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
However, the budget arithmetic is slightly optimistic.
A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
Growth acceleration will be gradual and it is still early days for a sharp recovery, says Gautam Chhaochharia, executive director and head of India research, UBS.
ISB professor Krishnamurthy Subramanian tells Shobha Warrier/Rediff.com that Modi government's continuation of tax terrorism is driving away investors.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
With buyers playing safe, projects such as Delhi-Gurgaon Expressway find it difficult to get new concessionaires
'If ever India loses its patience after repeated terror attacks and decides to retaliate against the terrorist camps, Pakistan may term that a conventional military attack and invoke the nuclear option. This is a way to continue with terrorism without retaliation.'
Affected firms note practical problems in getting discoms, consumers to pay for costlier supply; viability shadow on investments
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
China has cast a long shadow on India's economy.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
While some companies used that to become world leaders, others squandered it by over-borrowing.
Reason behind for the change in his stance: gas price increase.
During the UPA government's second term in office, rural India's consumption expenditure grew at a faster pace than urban India's - for the first time since 1991.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
'There is no change in the overall story of economic recovery.'
Narendra Modi, says T V R Shenoy, is 'busy trying to woo back two constituencies that were crucial when the BJP won power in the elections of 1998 and of 1999, namely UP (and the Hindi belt in general) and educated youth.'
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