Finance Minister Arun Jaitley presented his maiden budget last week in which he vowed to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
Some of the jokes soar, some nosedive. But to the housefull theatre that laughed at every single bit, it's stuff Diwali releases are made of, writes Sukanya Verma.
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
Moody's assigns 'Baa3' rating on India, with a stable outlook.
Rating agency Moody's on Tuesday cautioned that a third front government created by regional parties could lead to capital flight and delay economic recovery.
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
India plans to keep its fiscal deficit within 3.9% of GDP.
Monsoon is likely to be below normal in the current year at 93%.
India has been assigned the lowest investment grade rating with a high risk profile by various global agencies.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
2nd time within a few days RIL has hit the forex debt market.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
The state-owned bank's loss largely offsets the Rs 1,800-crore (Rs 18-billion) capital injection the government will make in FY14.
The revision was announced before Indian markets opened on Thursday.
Moody's assigns a 'Baa3' rating on India, with a stable outlook.
The senior Congress leader also said over 90 per cent of jobs are in the SME sector which requires an urgent push to boost the economy.
Moody's rates India's outlook at stable.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
Telcos may hike mobile rates to recover spectrum cost: Moody's
The budget has strong growth impulses and response of the economy is positive.
The economy is projected to clock 7.4 per cent growth.
Jaitley's fiscal arithmetic, Crisil said, is "shaky", and the scope for fiscal slippage "remains high".
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Total fuel subsidies accounted for less than 1 per cent of GDP and under 3 per cent of total government expenditures in FY14.
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The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
A strong showing will be vital to Narendra Modi's chances of a second term.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
In first half of year, firms raise more than banks on low US treasury rates.
This is the lowest investment grade rating.
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It also painted a grim possibility of any major gains in the rupee during the current fiscal saying that the continuing global volatility, and domestic political uncertainty ahead of the 2014 hustings will limit chances of any significant appreciation apart from further impact growth.
Veteran Telugu film producer Dr Daggubbati Ramanaidu passed away into the ages on February 18. In an interview he had granted Rediff.com in September 2010, he tells us how he started making movies.
