Are we creeping back to controls on corporate decision making? Three moves over the past eight months reinforce this notion, says Kanika Datta.
There were more than three losers against every gainer on BSE
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
The government has provided a long-term vision.
Businesses coming to terms with Ind-AS (Indian Accounting Standards) implementation, GST can do without further uncertainty and costs, say N Sundaresha Subramanian & Sudipto Dey.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.
He added that the rival parties had tried to project the Bharatiya Janata Party as communal and therefore "untouchable" but the people realised that the party stood for their welfare.
'This year's Budget didn't give into populist measures everyone was expecting after demonetisation, so I think that was a positive step.' 'Hopefully the Budget will continue in the way it has been.'
The Congress is chiefly banking on the issue of water woes and "incomplete" irrigation projects to make fresh inroads in rural Saurashtra, sensing a feeling of being "left out" among the populace.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
Customs and excise duty rates have been amended mainly to promote Make in India.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
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.
