The decline in inflation was broad-based across major commodity groups except housing and fuel and light.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
In a video message posted as part of the Congress' 'Speak Up India' campaign, which was launched on Thursday, she also demanded that the government provide Rs 7,500 to each needy family for the next six months and Rs 10,000 as immediate cash to them.
As FY20 Budget fiscal measures need to be better understood, a reversal of the stance back to neutral will allow MPC flexibility to respond to incoming data.
The hit to economic activity will be mostly confined to the first quarter. And a third wave, if it materialises, is unlikely to be hugely disruptive for the economy, predicts T T Ram Mohan.
The agency has also retained 'stable' outlook for the country's ratings.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Defence already accounts for one-third of the national capital spend, the government says.
'Industry realises we cannot overly depend on imports from anywhere including China.'
A global failure to respond to climate changes could result in about 8.7 per cent economic loss in India's Gross Domestic Product (GDP) by 2100, Asian Development Bank said.
This move will enable it to incur higher-than-mandated borrowing, and possibly spending, till the 2024 Lok Sabha election cycle.
There will be pressure on the fiscal situation, especially at a time when the monsoon can also disappoint. More populist expenditure is on cards if the mandate is a hung Parliament or a coalition government.
'Education will definitely benefit by making the child's first language the medium of instruction, by making examinations less prone to rote-learning, by setting up national research universities, all recommendations of the NEP,' observe Pankaj Jain and Shreekant Sambrani.
MD & CEO of ICICI Lombard GIC is hopeful that in this budget, the government will announce a few measures that would aid higher adoption of insurance products among retail consumers.
"According to the global financial services major, though CAD at 3.2 per cent of GDP is significantly lower than the 4.8 per cent it registered in fiscal year 2012-13 ", it still remains higher than the 2.4 per cent of GDP that we estimate as the optimal current account deficit".
He said the migrants and poor people had great expectations after the prime minister's address to the nation, but sadly...
Both the government as well as the RBI took a series of steps to curb imports of gold and other non-essential items in addition to increase foreign exchange inflows.
A total 95 deaths deaths were reported since Friday morning, of which 37 in Maharashtra, 24 in Gujarat, nine in West Bengal, seven in Madhya Pradesh, four each from Rajasthan and Uttar Pradesh, three from Andhra Pradesh and Tamil Nadu and two from Delhi and one each from Punjab and Haryana.
The revision in base year of India's national accounts will increase the size of the economy to Rs 111.7 trillion in FY14, India Ratings (Ind-Ra) said on Wednesday.
The Opposition on Thursday hit out at Prime Minister Narendra Modi saying his note ban decision was "reckless".
'You need to devalue the currency, ignite inflation, which then begins to oil the wheels of the economy.' 'Without that this severe recession is not going to reverse.'
In 2015-16, reforms will take hold, growth in GDP, will accelerate, and government processes and statutory clearances will speed up
The Budget provides a reassuring message about Prime Minister Narendra Modi staying the course.
The government is committed to restricting the fiscal deficit at 4.1 per cent of the GDP during the current financial year
India is committed to getting back to a sustainable growth path of 8 to 9 per cent, Prime Minister Manmohan Singh has said, adding that such a target is achievable because the fundamentals of the Indian economy remain strong.
The battle on creating jobs is virtually lost. If the battle for achieving higher growth too is lost, then its political consequences could become difficult to manage, says A K Bhattacharya.
Dissatisfaction with the state leadership, along with caste and sectarian factors and economic issues -- particularly those relating to jobs and rural distress cost the BJP.
Bank credit growth declined to 8.5 per cent in January from 13.5 per cent in the year-ago period.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
'Since the growth is not fast enough to provide jobs for the young, the fallout will be political and social,' warns T N Ninan.
Nirmala Sitharaman's maiden Budget has not disappointed but vision and details, particularly for the revival of agriculture, are missing.
Nitin Desai suggests some concrete measures to revive investment and boost growth.
Vice-Chairman Arvind Panagariya said that India is facing a health crisis that has led to a sudden stop of the economy.
'India has benefited from lower oil prices and remains the fastest-growing large economy in the world.'
The social ills adduced to capitalism have less to do with capitalism than individualism.
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