Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
'If the government starts playing favourites, if the government acts in a manner which is not transparent, then natural resources which belong to not just you and me, but future generations, they fritter away. The anger against corruption, the anger against India's natural resources being looted is a consequence of the fact that within society there is a huge amount of turmoil and discontentment. Why should an Empowered Group Of Ministers or the Cabinet Committee on Economic Affairs decide the administered price of gas?' asks Paranjoy Guha Thakurta in this exclusive interview with Rediff.com's Sheela Bhatt.
A raise in the I-T exemption limit has been sought by many.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
While chips have become ubiquitous, Moore's Law has remained a self-fulfilling prophecy even half a century later. Not bad for an industry where the time scale is not measured in decades and centuries, but in annual quarters, says Shivanand Kanavi.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
The Indian stock markets may turn bearish after the US Fed decides to raise interest rates.
Companies to hold rates in Delhi until new government is formed.
Land ordinance has done away with consent and social impact assessment.
The BJP government is no better than the Congress -- as wretched and anti-people. In addition, it is explicitly and aggressively communal, says Venkatesh B Athreya, in a hard-hitting interview to Shobha Warrier/Rediff.com.
Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport
While some companies used that to become world leaders, others squandered it by over-borrowing.
Many economists say only a substantial rise from October would point to a real recovery.
'Whichever option India chooses, it should be clear to the government that the China-Pakistan nexus poses a clear and present danger to national security,' says Brigadier Gurmeet Kanwal (retd).
Nanotechnology has remarkable applications in a variety of spheres, including agriculture, animal husbandry and natural resources management.
Budget should raise revenues & reduce spending to increase capital expenditure.
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The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93, says Ben Merton.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Two technocrats, two hard-boiled politicians are India's new Cabinet ministers...
If companies manage to raise Rs 10,000 crore, this will be the best year for IPOs since FY11.
The government has decided to ban Indian women from being surrogate mothers to foreigners to stop 'commercial surrogacy'. How will this decision affect surrogacy in India?
A delayed monsoon and abundant cotton in the international market could spell trouble in the state's suicide zone.
Drones are of course, remotely controlled and modern ships are also chip-driven.
Politically, it will not be easy for Modi to take hard decisions such as raising fuel prices in the first budget, given the risk of higher inflation.
The processor is just 5 per cent of the overall cost of a computing device.
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
The average land given to the rural landless is small and falling, from 0.95 acres in 2002 to 0.88 acres in 2015 - a 7.4 per cent drop over 13 years-and a slowdown is evident in the process of taking land away from rich landlords, the RTI data reveal.
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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.
There are conflicting signs on India's investment cycle.
The reported controversial remarks of President Pranab Mukherjee on Bofors issue to a Swedish daily have no bearing on his upcoming tour of Sweden, the first State visit, beginning on May 31, External Affairs Ministry said in New Delhi on Thursday.
'There are 25 million farmers in India with at least 2 to 3 cows each.' 'If all them use biogas to cook, millions of LPG units and firewood can be saved.'
Prime Minister Narendra Modi's spin doctors are on an overdrive these days to project him as a "tough talking" leader following a spate of critical media reports about his sudden silence on key issues, says rediff.com contributor Anita Katyal.
Excerpts from a speech on the Supplementary Demands for Grants, December 15.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
The compulsions of domestic politics notwithstanding, India and Bangladesh script a new story in bilateral relations, say Nayanima Basu and Aditi Phadnis
