Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
Unabated uproar by Congress members in the Lok Sabha on Tuesday invited the wrath of Speaker Sumitra Mahajan who called their protests "murder of democracy" and "hijacking" the rights of 440 members by 40-50 others in the Opposition.
A tally around 150 in Gujarat can see the index hit 10,700 levels going ahead
Narendra Modi's meeting with J Jayalalithaa in Chennai has set the rumour mills abuzz. Will the Tamil Nadu chief minister ally with the BJP ahead of the 2016 polls, asks N Sathiya Moorthy.
This is part of the government's move to improve infrastructure.
During the meeting that lasted one-and-a-half-hours, the prime minister asked his Cabinet colleagues to take up the "challenge" of reaching the message about the government's functioning to people through better connect with them.
Catch all the action from the Monsoon session of Parliament, LIVE
Protests by central labour unions and widespread criticism from Opposition parties because of job losses on account of demonetisation and the GST have put the contentious labour reform proposals in the slow lane.
He also took potshots at opposition parties' decision to observing November 8 as a 'Black Day', saying the move displays their faith in cash economy.
The recent surgical strikes in Pakistan-occupied Kashmir are expected to grab limelight during the month-long session. Some parties have alleged that the government is trying to politicise it.
The challenge before the government now is to use the factors that are favourable to its benefit.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
They are now scaling or shutting down their businesses because they can't compete with untaxed grey market gold. India's gold smuggling has increased significantly since the import duty was increased in the Union Budget 2019 in contravention with the broader market expectations of a cut.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
Besides Vodafone, several other major MNCs like Nokia and Shell were locked in tax dispute with the revenue department.
Congress leaders in the upper house called CAB unconstitutional, 'arbitrary executive fiat' to push Hindutva agenda.
The Reserve Bank on Friday retained the GDP forecast for the current financial year at 9.5 per cent and flagged global semiconductor shortages, elevated commodity prices and potential global financial market volatility as downside risks to economic growth. In his address after the three-day meeting of the rate-setting panel, RBI Governor Shaktikanta Das said recovery in aggregate demand gathered pace in August-September, and it is reflected in high-frequency indicators, like railway freight traffic; port cargo; cement production; electricity demand; e-way bills; GST and toll collections. "The ebbing of infections, together with improving consumer confidence, has been supporting private consumption," he said, and added the pent-up demand and the festival season should give further fillip to urban demand in the second half of the financial year.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Also on the anvil is abolition of distinction between Plan and non-Plan expenditure and replacing it with capital and revenue expenditure
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
Motilal Oswal of Motilal Oswal Financial Services tells Puneet Wadhwa why he thinks the current market levels will sustain.
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Setting the stage for confrontation in Parliament, an all-party meeting called in New Delhi on the eve of the monsoon session on Monday ended in a deadlock over controversies related to the Lalit Modi and Vyapam scam even as Prime Minister Narendra Modi offered to discuss all issues. The government ruled out any resignations.
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
The one national GST unifies the country's $2 trillion economy and 1.3 billion people into a common market, an exercise that took 17 tumultuous years.
Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Jaitley said the government has created transparent environment.
Demonetisation impact, earnings growth, central bank policies will get attention.
The ruckus began during the procedure for the introduction of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
Rajan's remarks come as the Modi-led government completes one year.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
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