If one were to go by the degree of clout, Jaitley was the undoubted No. 2 in the Modi government.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
An interview with Amit Mitra, the finance minister of West Bengal.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The leadership styles of the two Gandhis being different, the party appears to be pulling in different ways. While Sonia Gandhi, the longest-serving Congress president, seems more predisposed to holding the government accountable on issues of probity, the younger Gandhi is more keen on taking up battles that ensure immediate victories.
'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'
An article published by the party's Mumbai unit has caused a stir as it blames Jawaharlal Nehru for the state of affairs in Kashmir, China and Tibet.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
Celebrations continued for a second day on Friday after the Trinamool Congress led by Mamata Banerjee put up a stunning victory in West Bengal winning 211 of the 294 seats, bettering its 2011 tally of 184 seats. And the mood prevailed at the south Kolkata residence of Trinamool Congress Member of Parliament Saugata Roy with his associates distributing sweets and samosas and smearing each other with green gulal. Amid this hullabaloo, Roy squeezed out some time to speak to Indrani Roy/Rediff.com about the victory.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Prime Minister Narendra Modi on range of issues -- from Rafale deal to Ram temple and triple talaq.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
The industry's reactions to the Budget have been mixed.
Indian economy about to take-off
Over 20 political parties, except the Biju Janata Dal and the Communist Party of India-Marxist-led Left Front, took part in the massive rally.
'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.
NDA government has shunned populism.
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