'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
'Over the last year, Bajwa has created the environment to support bold moves on India. The ball is in India's court,' a senior Pakistan military officer tells Ajai Shukla.
Inaugurations and foundation-stone laying ceremonies might have been low-key but that doesn't mean Tamil Nadu stood still while J Jayalalithaa was out of office, Aditi Phadnis opines
After initial success, data use is stagnating and getting consumers to spend additional money for high-speed internet is proving to be difficult for telcos.
For the four new players, the spike in wealth is 126 per cent.
'Engagement should never stop.' 'Reassure Kashmiris that they will be treated at par with the rest of India.' 'The peace you crave will be peace with honour.' 'Your special status will not be tinkered with.'
India has made a remarkable journey from a top-down system of economic decision-making to one that unleashed our entrepreneurial spirits but the next big jump lies in enhancing the quality of our tale.
Benchmark indices failed to sustain gains and retreated from day's high dragged primarily by the losses in metals, information technology and bank shares as investors started to book profits in late noon deals. Earlier, markets had scaled fresh all-time highs on the surprise post-budget rate cut by Reserve Bank of India (RBI). The 30-share Sensex ended down 213 points at 29,380 and the 50-share Nifty closed down 74 points at 8,922. Intra-day, Sensex reached the all-time high mark of 30,024.74 while Nifty touched the life-time high level of 9,119.20. In the broader market, both the BSE Midcap index and Smallcap indices, down 1% and 1.2% each underperformed the front-liners. Market breadth in BSE ended negative with 1,882 declines against 1,010 advances. A day after signing an agreement with Finance Ministry on inflation targeting, RBI surprised the markets with an early post-budget repo rate cut of 25 bps (basis points) to 7.5% from 7.75% which was again outside of central bank's scheduled policy review meetings as the earlier rate cut effected on January 15. "RBI's latest rate cut of 25 basis points, while a surprise in its timing is in-line with our expectations of a sharp rate-cutting cycle over the coming quarters. With inflation sustainably lower by 500bps, the RBI has in recent months acknowledged the scope for rate cuts and was only waiting for additional comfort that the government's fiscal policy would not play spoil-sport," said Dinesh Thakkar, chairman and managing director at Angel Broking in a note. Analysts at Karvy believe that further monetary policy action will depend on number of factors including easing of supply constraints, improved availability of power, land, minerals and infrastructure, fiscal consolidation, the pass through of rate cuts by banks and the expected monsoon. Citing weakness in some sectors of the economy and the overall global trend towards monetary easing as rationale for the rate cut the central bank also exuded confidence in the road map for fiscal consolidation as laid out in the Union Budget, 2015. Commenting on how the markets reacted to RBI's surprise move, K Subramanyam assistant vice-president (institutional research), Asit C. Mehta Securities said, "The unexpected cut did take the market by surprise .However, credit off-take is not dependant only on interest rates. A gradual revival in the economy would be of more help which would trigger credit off-take. Hopefully this will follow and RBI's action would prove helpful. From market point of view this is bullish as equity becomes more attractive vis-a-vis falling interest rates." On the macro-economic front, the HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector. Respondents cited robust growth of new business as the principle factor for the increase in activity. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 773 crore on Tuesday, as per provisional data. Buzzing Stocks 9 out of the 12 sectoral indices of BSE ended in red. BSE Metal index, down 2.4% was the top loser followed by BSE Oil & Gas and Power indices, down 1.3% each. BSE Healthcare index, up 1.2% and BSE FMCG index, up 0.9% were the top losers. Bank stocks came under during late noon trades as traders booked profits at higher levels. However, RBI rate cut may encourage large lenders to cut their lending rates boosting demand for home and auto loans and provide funds for various stalled and new projects. Many stalled projects across the country are waiting for cash to restart work. The stock of stalled projects at the end of December 2014 stood at Rs 8.8 lakh crore or 7% of GDP. ICICI Bank ended down 0.1%, Axis Bank and SBI declined over 3% and HDFC Bank shed 1.5%. Sun Pharma gained over 6% on approval granted to Sun Pharma Advanced Research Company (SPARC) by US FDA for an antiepileptic drug. The product will be manufactured by Sun Pharmaceutical Industries at its Halol (Gujarat) facility in India. SPARC was formed in 2007 when Sun Pharma separated out its active projects in drug discovery and innovation into a new company. Dr Reddys Lab and Cipla have gained over 1% each. ITC gained over 1% after consecutive sessions of losses on the proposed larger-than-expected hike in excise duty on cigarettes in the Union Budget. The biggest ever auction of spectrum by the Department of Telecommunications (DoT) started on Wednesday in the morning where government expects to garner Rs 80,000-1lakh crore from the sale of spectrum. Idea Cellular gained over 2%, Reliance Communication gained around 1% and Bharti Airtel closed 0.5% higher. Metal stocks were under pressure in today's session. Hindalco declined over 3%, Sesa Sterliteended down over 4% and Tata Steel closed down 2%. Profit-taking in IT stocks led to Wipro losing around 1.8%, Infosys declining 0.7% and TCS losing 1.5%.
The new government has to make conscious efforts to rebuild social equality and bring the people together.
Cyberstalking is a real threat as social media increasingly becomes an extension of one's life. But there are things you can do to protect yourself from it
TCS still ace in the pack
'It is not as bad an airline as it is made out to be: We serve wonderful food, the leg space is more, our cabin crew is warm and friendly.' 'The customer needs to be apprised of these things.'
A new logo can harm image than doing good, say experts.
Venture capitalists are leveraging their experience to build something new.
'Some Pakistani generals are saying -- a little more so now than before -- that the biggest threat to Pakistan is not external -- not India -- but internal.' 'The proof of that will be their change of policies and that is going to be the challenge,' Rakesh Sood, one of India's most distinguished diplomats, tells Aziz Haniffa/Rediff.com in Washington, DC.
The Republic nominee said, 'I created lot of jobs, built great structures. Sure those are sacrifices.'
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Throughout a quarter century of proxy war, India has shown tremendous restraint in the face of grave provocation. It is inconceivable that any other nation would have refrained from launching trans-LoC operations to eliminate terrorist training camps and interdict known routes of infiltration, says Brigadier Gurmeet Kanwal (retd).
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
He wants you to join him in his transformation journey.
The world is still figuring out the man as he continues his enigmatic journey towards the first 100 days of his presidency.
Not only is this hidden from the user, it's often unrelated to the app's purpose.
Isn't National Intelligence Grid and UIDAI engineered by vested interests, asks Gopal Krishna.
The call to make brand ambassadors accountable has rattled filmstars and sports stars.
At least 40% of a product must be manufactured in India for it to qualify for the Indian Designed, Developed and Manufactured category.
As India gears up to honour its pravasis on January 9 to mark their contribution in the nation's development, rediff.com presents perspectives from eminent writers on the Diaspora. Kicking off the series is Ambassador T P Sreenivasan, who points out that the change of the Diaspora policy put in place by Rajiv Gandhi following the military coup in Fiji and his decision to stand by them, was the one defining moment in India's dealings with its overseas family.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
'India's policy makers need to pull their heads out of the sand and recognize the reality that Pakistan has supported and sponsored terrorism on Indian soil for more than three decades; a national counter-terrorism strategy must be evolved in the fullest consciousness of this fact, and of the continued hostility of the Pakistani nation-State to the very idea of India.'
Need for much more investment; sector would like govt help
You just cannot let an institution go adrift and never reporting to any other institution and never submitting itself to any monitoring review or evaluation with regard to its functioning and particularly with regards to an institution which has dominion over the lives and liberties of citizens. That kind of total abdication of government responsibility with regard to that kind of an institution will be dangerous to democracy itself, to the people, Bahukutumbi Raghavan tells Sheela Bhatt
'We teach our kids the 3 R's -- reading, writing, and arithmetic -- so that they can be successful. It's time the fourth R joined that list: Programming. My vision is to expose every student to computer science and show them that coding IS fun and applicable to their daily lives.' Just 15, Swetha Prabakaran, founder and CEO of Everybody Code Now!, a non-profit working to empower the next generation of youth to become engineers, scientists and entrepreneurs, is already a White House Champion of Change for teaching hundreds of students how to code.
The Forbes 30 Under 30 list is harder to get into than Stanford or Harvard University. Meet the desis who made the cut this year.
How bridge keeps corporate India sharp and quick-witted.
Who are the men the prime minister relies on to execute his impressive agenda?
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
'I ask for bail in the name of justice.' 'Give me a chance to stay alive and see the trial till its end.'
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