The Reserve Bank on Wednesday lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per cent earlier, taking into account good agricultural output and falling crude prices.
'Currently, it takes between two and three years to formulate the request for proposal for procuring specific military equipment for the armed forces. It should not be this way.'
The fiscal deficit for FY25 has been pegged at 4.8 per cent of GDP and at 4.4 per cent for FY26, Finance Minister Nirmala Sitharaman said on Saturday. Presenting the Budget 2025-26, she said net market borrowings are estimated at Rs 11.54 lakh crore for next fiscal year.
'Amaravati will be a game changer for Andhra Pradesh.'
State Bank of India, Tech Mahindra, Larsen & Toubro, Tata Steel, Sun Pharma, Infosys, HCL Tech, Axis Bank, Tata Consultancy Services and NTPC were among the biggest laggards among Sensex shares. Nestle, Hindustan Unilever, Titan, Power Grid, UltraTech Cement and ITC were among the gainers.
The US wants India to recognise internationally accredited labs, harmonise labelling requirements and the validity period of test reports and certification with global practices, and eliminate retesting requirements.
Virat Kohli said international T20 leagues around the world had played a big role in elevating the profile of cricket and ensuring it was showcased at the Olympic Games.
'The finance minister missed yet another opportunity to simplify the income tax structure in the Budget.' 'This was an opportune moment to get rid of the old tax system entirely and move fully to the new system,' asserts M Govinda Rao, member of the 14th Finance Commission.
Recent documents by NITI Aayog and periodic labour force surveys on employment show that the importance of agriculture is rising in the Indian economy.
The increased numbers of the Opposition bloc would mean that their MPs are likely to head several more panels than the four that they did by the end of the term of the 17th Lok Sabha.
The RBI on Wednesday slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers.
'As the Budget has taken some measures to spur growth, similar action from the MPC may be expected.'
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the "State of the Economy" in the Reserve Bank of India (RBI) monthly bulletin said.
State Bank of India (SBI), in a report on Friday, claimed a significant decline in the headline poverty ratio in rural areas on account of enhanced physical infrastructure, higher consumption growth in the bottom fractile and direct benefit transfers (DBTs).
The report on the alleged liquor scam, a hot button issue in the run-up to the elections, claimed a loss of revenue to the tune of Rs 941.53 crore, saying timely permissions were not taken for opening the liquor vends in non-conforming municipal wards.
'Many of them are mutilated beyond recognition. Every day an encounter takes place.' 'Bastar has been burnt to ash.'
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
Budget 2025-26 delivers a carefully calibrated strategy-stimulating demand and investment while keeping fiscal discipline intact. In an environment marked by global trade disruptions, and a softening in urban consumption, Finance Minister Nirmala Sitharaman has taken a measured approach.
Brand IPL has become stronger than ever and doesn't see any threat from the growing number of T20 leagues globally, its chairman Arun Dhumal said on Saturday as he steered clear of the speculation swirling around a tournament backed by Saudi Arabia.
Putin is keen on establishing a good personal rapport with Trump and anchor a meaningful US-Russia partnership, realistic enough to accept that Trump is as good an American president as Russia would ever get, observes Ambassador M K Bhadrakumar.
'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'
The United States has deported a group of Indian migrants on a military transport aircraft, marking the first such deportation to India as part of President Donald Trump's crackdown on illegal immigration. The US embassy in New Delhi confirmed that Washington is tightening immigration laws and removing illegal migrants. The deportation comes as India and the US are finalizing details for Prime Minister Narendra Modi's visit to Washington in February. India has indicated its willingness to work with the US on addressing illegal immigration, and has said it will take back all Indians who have overstayed or are in the US without documentation.
The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy committee (MPC) meeting on Wednesday. The meeting of the six-member MPC, which will culminate on Friday, aims to boost sluggish economic growth, which is seen falling to a four-year low. Malhotra took charge as the 26th RBI governor in December last year.
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
'Gyanendra back on the throne would be bad news for the Nepali people. He may not have learnt from his experience, but we have.'
State Bank of India, Adani Ports, Tata Consultancy Services, ICICI Bank, Reliance Industries and PowerGrid were also among the laggards.
'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'
Currently, there is no Hindu temple in Narowal district, forcing the Hindu community to perform their religious rituals at home or travel to temples in Sialkot and Lahore.
India's merchandise exports dipped by about one per cent to $38.01 billion in December 2024 against $38.39 billion a year ago, according to government data released on Wednesday. Imports increased by 4.8 per cent to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month.
In the shadows of a sliding rupee, India's knitwear hub Tiruppur is weaving a success story. While the domestic currency edges closer to the 86 mark against the US dollar, triggering concerns for many sectors, this textile town in Tamil Nadu is finding opportunity in adversity: Between April and December alone, Tiruppur's exports reached Rs 26,000 crore, almost eclipsing last financial year's total of Rs 30,690 crore.
The government is proposing to use Artificial Intelligence and other innovative methods to check traffic violations and ensure that penalties are levied accurately, Union minister Nitin Gadkari said on Thursday. Addressing the 12th edition of the Traffic InfraTech Expo, the minister outlined plans for upgrading toll collection methods, including the exploration of satellite toll systems, which would improve efficiency and ensure transparency in toll collection. Gadkari noted that road safety cannot be achieved without integrating advanced engineering solutions, enforcement of laws, and the adoption of cutting-edge technologies like Artificial Intelligence (AI).
What India needs more than one simultaneous election is better governance both at the central and state level. Yes, we need reforms, but our priority should be to make elections less expensive, make it more democratic, do away with freebies which are actually bribes before elections, allow only those who are educated to contest, and bring in a bill to make it impossible for criminals to contest, advocates Ramesh Menon.
The group has campaigned over the years for the abolition of nuclear weapons.
BP Plc has won a bid to operate ONGC's giant Mumbai High oil and gas field by offering up to 60 per cent increase in output over baseline, the state-owned firm said on Wednesday. State-owned Oil and Natural Gas Corporation (ONGC) had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields, offering a share of revenue from incremental production plus a fixed fee but not any equity stake.
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
India is acquiring the drones primarily to crank up the surveillance apparatus of the armed forces, especially along the contested frontier with China.
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