RBI has intervened throughout this year to prevent rupee strength although it has also stepped in at times of excessive weakness.
A higher opening in domestic stock market supported the rupee.
The record of other prime ministers too shows how much can change when a prime minister is faced with the two-year challenge, says T N Ninan.
India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed.
The Railway ministry has been allocated budgetary support of Rs 140367.13 crore in the Union Budget on Tuesday - Rs 20,311 crore more than the revised figures of the previous fiscal. Overall, the national transporter is set to get a capital expenditure (CapEx) push of Rs 2.45 lakh crore in the financial year 2022-23, 14 per cent higher than the budgeted capital expenditure of Rs 2.15 lakh crore for the current financial year. Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the next three years.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
India's budget could have been more ambitions on the fiscal front.
India's favourite Maruti Suzuki has captured the top four slots on the list.
The comments assume significance in view of the charges faced by HSBC
Narendra Modi has made it easier for businesses to buy farm land.
Though India has been one of the best-performing markets in the last two months, it has lagged some of its emerging market peers such as the Philippines, Thailand and South Africa.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.
The Union Budget announcement of a minimum support price (MSP) that will be 50 per cent more than the cost of production has started a debate on the calculation of cost. Ramesh Chand, member, NITI Aayog, speaks to Sanjeeb Mukherjee on this and related issues.
Vistara launched first flight from Hyderabad to New Delhi on Sunday.
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
Ajay Singh would infuse Rs 1,500 cr in SpiceJet.
Another major development is REITs coming closer to reality
India will reduce tax on businesses to 25 percent over four years.
Prime Minister Manmohan Singh on Monday described as "well-balanced" the Vote-on-Account presented by Finance Minister P Chidambaram, saying it portrays a "realistic picture" of the economic situation of the country.
SpiceJet's original promoter is closer to taking the management reins.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
The Reserve Bank of India (RBI) lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday.
The deal is the first major bank takeover in 4 years
What is required from government is intellectual framework.
Cement, coal, steel and urea prices are likely to go up
This was on the expected lines after Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee played a major role in getting the former Railway Minister Dinesh Trivedi resign.
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
As for structural reform, there are signs if one looks hard enough.
Modi said South America has tremendous potential.
In the 12-month cycle starting July 2013 and ending June 2014, World Bank had made financial commitments close to $5.2 billion in India.
The government will not bring down its ownership in public banks.
Sikka said various people including his wife, family members, alma mater, friends and teachers have played the role of anchors to impart wisdom and clarity to his decisions.
In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.
The project includes a 300 kms rail line connecting Adani's planned Carmichael Coal Mine, Northwest of clermont, to the Abbot Point Coal port, near the Great Barrier Reef.
Move to help India export hi-end vehicles.
Software product revenues seen at only $6.1 bn in FY15
Onion prices have been rising due to speculation amid anticipation of below normal monsoon despite sufficient supply in the country.
These are valuable suggestions and one hopes the Budget will make a start on that.
