'The Chinese devalued the yuan initially but then stopped'.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The initiatives intended to benefit the common man include e-ticketing, catering on demand, bio-toilets, food for infants, better stations.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
Lakhs of students appear for it every year. How are you preparing for it?
Parrikar's statement did not go down well with the protesters who said they are "disheartened".
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Farmers with land sizes less than 0.01 hectare have an average annual income of Rs 54732 and annual consumption of Rs 61296, thereby, a debt of Rs 6564 each year. Compare this with the minimum pay for a government employee, says Devanik Saha.
Post-Jayalalithaa AIADMK cannot take on the Narendra Modi dispensation like their late charismatic leader did it on several occasions in the past, says R Ramasubramanian.
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
The government on Friday lowered its economic growth forecast.
The manifesto, on the lines of the party's promise in Delhi in 2015, also says the AAP government will set up Aam Aadmi canteens at sub-division and district levels where one time meal will be available for Rs 5, and reduce the power tariff to half for usages up to 400 unit.
On the eve of Army Day, Army Chief General Bikram Singh says he will raise this issue with the Rajya Raksha Mantri, Jitendra Singh, who oversees the Department of Ex-Servicemen Welfare, reports Ajai Shukla.
Jaitley can make his innings -- notwithstanding its likely length -- to be a watershed tenure, or just add to the image of the MoD drifting rudderless, says Brigadier S K Chatterji (retd).
Fresh investments are constrained by tepid demand.
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
'She has to get the funds, cut through bureaucratic flab, speed up modernisation, ensure planned acquisitions stick to timelines, make organisational changes and ensure the military is capable of performing the task that it is given,' says Brigadier S K Chatterjee (retd).
'With increasing use of social media for instant communication, the armed services better find a quick solution to the new challenge they face or else continue to remain on the back foot despite doing sterling work in combating the proxy war in Kashmir.'
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
'I hope the anger that Gujarat farmers have demonstrated is also reflected in other parts of the country in ensuing elections.' 'Only then will the ruling parties accept that something is terribly going wrong in the hinterland.'
Ten trade unions to go on strike to protest against changes in labour laws
'Political parties have appropriated our military victories -- the Kargil war is the BJP's and the Bangladesh war is the Congress's -- what is going on?' As Uttarakhand -- where faujis number nearly 40% of the state's population -- prepares to vote, Rediff.com's Archana Masih discovers what upsets retired soldiers in Uttarakhand the most is a forgotten protest in the heart of Delhi.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
'The corporate sector says by 2022 they will create 300 million jobs.' 'In the last 70 years we didn't do it, how will we do it in 5 years?' 'Only agriculture can bail out the economy. Unfortunately, it is not being looked into.'
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.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
Common people expect the government to be aggressive and opt for growth related measures in the upcoming Budget.
'The cost of the Rafale contract will be substantially lower than being talked about.' 'If you throw away the price they demand, our coffers will soon become empty.' 'When it comes to spending the nation's money I am very careful and stingy.'
'If you invest your entire capital in talks, you cannot abruptly change gear and decide on war.'
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