For India, it is business as usual with the government muddling along.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Finance Minister Arun Jaitley presented the Union Budget.
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The latest macro-economic numbers confirm the economy trundles along in a low growth trajectory, while inflation climbs.
Floyd Mayweather Jr. cemented his place among the pantheon of boxing greats by improving to 48-0 with a unanimous decision over Manny Pacquiao on Saturday in a fight that lived up to its immense hype and price tag.
'The experience so far is a shocking example of how critical scheme of national importance can be brought into disrepute by inefficient and badly designed implementation,' says Dr Madhav Godbole, the former Union home secretary.
The Modi government has not lived up to the muscularity the prime minister promised while campaigning, says Ajai Shukla
The employment structure of India's organised manufacturing sector has undergone substantial changes over the last decade.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
Shankar Acharya gives ten predictions on key politico-economic developments in the world and ten for India.
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).
Modi government needs to focus more.
Indian Railways has plans to decongest network and become more self dependent.
A moderate GST rate obviates the need for the two-rate structure.
ShopClues does 1.5 million transactions a month and claims to have 40 million monthly visitors.
All these measures will revitalise the manufacturing sector, which has been in doldrums.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
As for structural reform, there are signs if one looks hard enough.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
World trade has been growing slower than world GDP since 2012.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
Attacking the note ban move, Yechury said the PM's assertion that it will impact terror funding has not yielded any result.
Since mid-July, the RBI has taken steps to tighten cash conditions, which have failed to support the rupee but sent bond yields surging, posing a fresh threat to the already cooling economy.
Clearly, rich Indians have little confidence in India. Perhaps we are also chronically dishonest.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.
Struggling, corrupt construction industry will be challenged by the prime minster's $250-billion plan
The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.
Lauding the Senate confirmation of 37-year-old Vivek Murthy as the youngest ever Surgeon General, more than a year after his nomination, US President Barack Obama has said the Indian-American physician would hit the ground running as the country's top doctor.
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
This is the Centre's highest-ever budgeted capital outlay.
Govt keen to revive business sentiment in india.
Will get Rs 830 cr, Rs 329 cr respectively to offset higher coal costs
Citing rising prices, slowdown in growth and depreciation of rupee among the problems facing the economy, the opposition members said in the Lok Sabha that they feared the repeat of the 1991 crisis when the country had to mortgage gold as it failed to meet short-term debt obligations.
There could be a strong incentive for tax payers to avoid the higher tax burden.
Indian states are preparing for a Rs 1.9 lakh crore (Rs 1.9 trillion) tax windfall this fiscal year.
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