The Centre had decided to spend Rs 50,000 crore (Rs 500 billion).
Today, the economy requires a certain amount of push not just from the monetary policy but also from its transmission: Das.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Industry chamber Federation of Indian Chambers of Commerce and Industry said the Reserve Bank of India should intervene and cut interest rates.
The RBI on Tuesday maintained status quo on interest rates, saying there have been no developments to warrant further easing since an unscheduled rate cut about a fortnight ago.
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Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures, including further liberalisation of FDI norms to improve economic condition.
Tax collection at source would lock in Rs 400 crore of seller money, say Flipkart, Amazon, Snapdeal.
The queries can now be addressed to and their responses accessed from the makeinindia.com website that was unveiled along with the campaign aimed at making India a manufacturing hub by Modi at a mega event in New Delhi on Thursday.
Showing signs of recovery, industrial production grew at 4.7 per cent in May, the highest since October 2012, on account of improved performance of manufacturing, mining and power sectors and higher output of capital goods.
'Our technology is going to help Indian agriculture the way the White Revolution helped milk production.'
Pitching for a non-adversarial tax environment, India Inc on Tuesday suggested reduction in tax rates on corporate as well as individuals to boost economic growth.
Former Australian wicketkeeper-batsman Adam Gilchrist on Monday offerred his support behind Virat Kohli following India's heart-wrenching defeat against Pakistan in the Champions Trophy final, saying that the Indian captain, whose transition has been excellent in the recent years, should not be judged on the basis of performance in just one game.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
India does not feature in the top 100 countries on eight of the 10 indicators of the World Bank study.
'I suggest Rahul Bajaj come out in the open and give us his own white paper on the perceived sense of fear that he thinks haunts corporate India,' says Dr Sudhir Bisht.
Macroeconomic factors under control, says Rajan
He also praised PM Modi for his leadership and said that it is the best time for both the countries to work together.
The annual summit between India and Japan on Saturday will seek to forge greater bilateral trade and investment ties, with Japanese Prime Minister Shinzo Abe coming with a high-powered business delegation.
RBI Governor Raghuram Rajan expressed anguish at the banks' reluctance to pass on benefits of the earlier rate cuts.
Bilateral investment flows have grown immensely with foreign direct investment into India from the US reaching $28.2 billion last year.
The higher than expected growth in the second quarter of 2013-14 is an indication of recovery in economy but some key sectors still need to perform better, India Inc said on Friday.
Govt to introduce an hovercraft on the Yamuna river.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
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Addressing a Ficci-organised banking summit in Mumbai, he at the same time said that it will take several years for the country's banks to achieve the status of a large global bank.
Some of the disclosures in the ITR form, under review at present, increases procedural hassles for expats
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
Measures are also on the anvil to develop the remaining five districts of the state.
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
The government has made clear that the Airports Authority of India will closely monitor the cost of airports built through the PPP route.
A nearly two-fold hike in natural gas prices will incentivise investment in the hydrocarbon sector and help reduce the energy import bill, India Inc said.
Given the current global cues, if the next six months do not turn out to be the way we would want it to, we are definitely looking at a very gloomy start to 2016.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
During 2013-14, imports from Japan, South Korea and Malaysia stood at $9.49 billion, $12.47 billion and $9.21 billion respectively.
The manufacturing sector during the fourth quarter recorded a growth rate of 9.3 per cent while the farm sector grew at 2.3 per cent.
energy is India's binding supply-side constraint for inclusive growth.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
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