With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.
.jpg)
Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
Any NGO critical of the government is unlikely to receive a green signal. The new amendment will leave NGOs vulnerable to harassment. It was the NGO sector that helped provide compassion and food to millions of people during the lockdown. The new Bill will render such cooperation and camaraderie impossible in future, observes Rashme Sehgal.
The government on Friday lowered its economic growth forecast.
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
Typically, about four to six weeks ahead of the polls, activity in the property market picks up as politicians begin to pull out their money parked in real estate. But this time, it's all quiet till now in real estate so far.
The 'BluFin Business Cycle Indicator', which reflects various macroeconomic trends on a monthly basis, stood at 166.3 points in May, 5.8 per cent higher compared to the same month last year, suggesting that the Indian economy is growing at a faster rate than the previous year.
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
B R Ambedkar's fears about personality cults in politics and money power in elections seem to be coming true, says Nitin Desai
The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
'The Indian state is very benevolent when it comes to corporates,' says Tom Thomas, chief executive officer of Praxis, and convenor of CRW India.
The report cautioned that low capacity utilisation and stressed balance sheets of banks and businesses will prevent a strong investment revival in the short term.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
The NDA government was initially reticent about fleshing out its economic strategy for the future. But now that it has taken enough bold initiatives on the economic front it must have the confidence to tell us more about its approach going forward, says Abheek Barua.
'An upswing in corporate performance should last at least three years.' 'Today there is some concern globally about excessive debt, which could cause unpredictable shocks down the road.' 'Domestically, if the minders of the economy are watchful about over-heating, we could avoid a repetition of the boom-bust cycle of the past,' says T N Ninan.
'Defence does not new 'planning commissions'; it needs an implementation commission.'
Ratan Tata has invested an undisclosed amount in an entity catering to pet care.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
.jpg)
Says high inflation has to be reversed to achieve sustainable GDP expansion.
According to a report by the Institute for Economics and Peace, an independent, think tank dedicated to shifting the world's focus to peace as a positive and tangible measure of progress, India ranks 143rd
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
Govt resists pay panel suggestion on scrapping allowances for acting, bad climate, family planning, funeral, robe maintenance and even hair cutting.
'The IPO window has been more or less open since the new government in 2014.'
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
The question we must ask is how do politicians get that wealth disclosed in the affidavits, says Mahesh Vijapurkar.
'Should the two armies clash in a conventional battlefield, the advantage will pass more and more to the Indians as the battle progresses,' says Brigadier S K Chatterji (retd).
CLSA managing director & equity strategist Christopher Wood, and executive director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year.
Over the past year we have heard a lot about policy reforms to improve the ease of doing business in India.
The increase in production will be from the existing mines.
It has raised rural consumption, created new markets and shored up growth when investment falters.
The National Council of Applied Economic Research (NCAER) on Thursday lowered the GDP projection for the current fiscal to 4.7-4.9 per cent due to exchange rate depreciation.
The overall message to the middle class is: the days of freebies are over.
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
'They should decide their allocation based on their risk appetite and age, and not valuations.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances