Of the 40 CEOs polled from across the country, 60 per cent identified a fractured electoral mandate as a bigger risk than trade wars, volatile oil prices, and inflation.
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take 'the best decision'.
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
'There will be no serious effect on Indian economy because one person, one man, however powerful, however influential, however great, cannot have an impact on an economy as big and complex as India.'
What is required from government is intellectual framework.
Earlier, an inter-ministerial group used to take these decisions.
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
Hike would have led to higher cost of fertiliser, electricity and even CNG.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
The government will not bring down its ownership in public banks.
A host of factors including the reform measures taken by the government and decline in global oil and commodity prices have led to lower inflation, the Finance Ministry said on Wednesday.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
While efforts are being mounted on a war footing to arrest its spread, COVID-19 will impact economic activity in India directly through domestic lockdown. The second-round effects, it said, would operate through a severe slowdown in global trade and growth.
Rome's new mayor, Virginia Raggi, pulled the plug on the city's bid to host the 2024 Olympics, saying staging the summer games would bury the Italian capital under mountains of debt and tonnes of cement.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
Arun Jaitley is on a 10-day trip to the US.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
Significantly, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future, 45 per cent cited no change in investment levels, while only 5 per cent expected a fall.
P Chidambaram said that the fiscal deficit target for 2013-14 will be met and the current account deficit will be contained below $40 billion.
A day ahead of Lok Sabha polls announcement, the government today decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 per cent.
Reason behind for the change in his stance: gas price increase.
Finance minister tries to put house in order before reforms are unveiled in February.
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
Private sector firms need to be re-engaged for better infra planning.
The overall volume at India's top four M&HCV makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent to 31,067 units during the month.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
'Today the real issue facing the Modi government is not about investment, credit and money supply and all those things economists like to talk about.' 'It is whether your average citizen has confidence in the government not to do something utterly whacky,' says T C A Srinivasa-Raghavan.
Budget is a populist one, wil lbeneift common people
By no means do economists see the Reserve Bank of India stop at just a 25-bp cut. Some of the economists such as Soumyakanti Ghosh of State Bank of India are of the firm view that rates have room to fall by a total of 75 bps in the current financial year, starting with 25 bps in the August 7 policy.
Both leaders also exchanged views on the situations in South Asia, an official Chinese statement said about the meeting between Xi and Khan.
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
'It is almost certainly wrong in assuming that the Modi government will use its strong mandate to undertake some serious reform measures.' 'For it is fairly clear that the government's priorities lie elsewhere, in the powerful home minister's domain,' notes T N Ninan.
Priorities include the amendments of the Companies Act and the Motor Vehicle Act
Retail inflation crossed the RBI's comfort level and rose to 5.21 per cent in December on increase in prices of food items.
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