The HDFC bank has bagged the annual Country Awards for Achievement from India conferred by Hong Kong-based publication Finance Asia.
International rating agency Fitch said on Tuesday the change in India's sovereign rating is constrained by the high level of fiscal deficit and its review will be done after the budget for 2005-06 has been presented.
Indian economy is rebounding strongly providing a golden opportunity to tackle fiscal challenges decisively but steady rise in debt of the central and state governments could constrain the growth, according to a new International Monetary Fund report
World Bank along with economic think-tank National Institute for Public Finance and Policy have strongly pitched for making finance commission a permanent body like planning commission, although government has some reservations on it.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
Global agency Fitch Ratings on Tuesday retained India's long-term foreign and local currency ratings at the speculative grade, saying that while the country's external account had improved, local public finances had deteriorated.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
The government had no option but to cut spending to meet its borrowing targets.
The World Bank held India's Fifth Pay Commission as the "single largest adverse shock" to the country's strained public finance, according to the bank's India Development Policy Review.
The excise duty collection grew by 81 per cent in first quarter against the budgeted 21.7 per cent.
Terming the ambitious eight per cent Tenth Plan growth target as achievable, President A P J Abdul Kalam on Monday indicated that the Budget would restructure the tax system on the basis of the roadmap laid out by the Kelkar Panel.
According to the NIPFP, there is the possibility that even if the banking system matures over time, some transactions could bypass the system so as not to pay the BTT.
'The clubbing of policy announcements in the Budget speech creates policy surprises.' 'Economic actors dislike policy surprises because they throw their plans off track,' points out Alok Tiwari.
On the present government's 'Make in India' campaign, C Rangarajan, former chairman of the Prime Minister's Economic Advisory Council, says it is important to first ask for whom it is being made.
Urjit Patel panel wanted all members to be appointed by RBI
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
Modi had campaigned with promises of jobs, infrastructure and development.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
Since January 1, the rupee value has fallen by 5.5 per cent against the US dollar and touched life-time low of 58.98 on Tuesday.
To say capital gains from stocks are effortless shows little understanding of the treacherous investing terrain, says Debashis Basu.
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
Citing national security and confidentiality clauses, the Finance Ministry has declined to disclose information on exchange of correspondence among India, Swiss and German authorities in connection with the black money probe.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
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Narrowing of the current account deficit will help arrest depreciation of the rupee and ease inflation concerns, industry groups said.
India's upbeat outlook contrasts with neighbouring China, where growth slipped to 6.7 in the first quarter
Double tax exemption on wages paid to women can encourage companies to hire, retain and compensate women better, argues Nitin Pai.
Corporate India at present is more indebted than all state govts put together.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
Modi's government plans to support domestic demand
Officials said the government had no option but to cut spending.
Opportunity for India to take leadership in economic diplomacy.
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.
Raghuram Rajan is said to have informally written to select policymakers and experts, to curb 'unnecessary' speculation over his future at RBI.
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