Ahead of the Budget exercise scheduled to begin in the first week of November, Finance Minister P Chidambaram will have a new team of bureaucrats with Economic Affairs Secretary Ashok Jha appointed as the new Finance Secretary. \n
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As per the latest data, India's CAD sharply narrowed to 1.7 per cent of the gross domestic product or $32.4 billion in 2013-14 from a record high of 4.7 per cent in FY'13.
The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.
Steps to improve governance, instill confidence in the government machinery and streamlining function across the different ministries are also important to feed the positive mood, the DBS report added.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
Luxury car manufacturer, DaimlerChrysler on Thursday, announced the launch of its new retail financing scheme -- Star Extend -- in conjunction with ICICI Bank.
The US has slapped additional tough sanctions on Russia's financial services and energy sectors for the failure of Moscow to taken enough steps to address the volatile political situation in Ukraine.
Though markets will always find one or the other reason to wait and watch, we believe one should take advantage of the attractive valuations of the Indian equity markets.
Who will be India's new finance minister, when Dr Manmohan Singh will take oath as India's 14th prime minister on Saturday? Tell us.
The Securities and Exchange Board of India on Tuesday said it was analysing data to find out the reasons behind last week's stock market crash and a report would be submitted to the new government after the probe was completed.
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
The Securities and Exchange Board of India on Monday said it was planning a tie up with Commodities and Futures Trading Commission of US within a month for sharing of information.
Shastri took the first big step to transform India's agriculture, the benefits of which his successors reaped in plenty, says A K Bhattacharya.
'By taking fingerprints, iris scans and other details of citizens, the State is becoming the custodian of its people.' 'The State can use this data according to its whims and fancies, which is not good in a democracy.' 'When the State looks at all the activities of its citizens, it becomes a police State.'
Foreign brokerage Goldman Sachs on Monday said it expects new Finance Minister Arun Jaitley to peg the fiscal deficit target for FY15 at 4.3 per cent, up from the 4.1 per cent stated by his predecessor P Chidambaram.
Peoples Democratic Party patron Mufti Mohammed Sayeed will meet Prime Minister Narendra Modi for the first time on February 27 after which a swearing-in ceremony is likely to be held on March 1, two months after the results for the Jammu and Kashmir Assembly polls were announced.
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
The FM has been making efforts to make the taxation laws simpler.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
The Budget will indicate where the Modi government stands on reforms, growth and development.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
The Street is never short of hope and events to look forward to
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But critics caution that over-centralisation can lead to new bottlenecks
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Years of wait before DTC, GST are rolled out
Modi govt must bring about reforms to kick-start big-ticket infra projects.
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
The industry's reactions to the Budget have been mixed.
The crisis remains acute with the country's banks already closed.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
If the impact of the Greece crisis spreads across Europe and parts of the world which are more interconnected than ever before, India cannot hope to be insulated, says Paranjoy Guha Thakurta.
Why this non-BJP MP became a Modi bhakt.
'Let us also not expect that there will be a clean break with the past, much though the new government might like to think about it. In a functional democracy that is neither feasible nor desirable. But basic change it must be,' says Shreekant Sambrani.
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