The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
The markets will be eyeing the amendments.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, tells Puneet Wadhwa that with Moody's upgrading India's sovereign rating and earnings growth coming back, the country will remain a hot destination for foreign investors.
Some experts had said the Budget did not have much in terms of big ideas.
Jaitley was admitted to a private hospital in New Delhi on September 1 for surgery to manage a long-standing diabetic condition, and had originally been expected to leave after a few days.
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
Budget 2014 is a strong first step to slowly re-architecting and reviving our economy and transform India, says Rajeev Chandrasekhar.
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
'If the school of bluffers includes those who get to the top not from deep knowledge but from delivering 'a clever quip or a leftfield surprise argument', then Modi is the undisputed Bluffocrat Emeritus,' says Sunil Sethi.
For India, struggling for competitiveness, the current rupee overvaluation in terms of real effective exchange rate is a genuine constraint.
Prasanna D Zore/Rediff.com reveals how the BMC has contained the spread of COVID-19 in Dharavi, India's largest slum, which WHO wants to know more about.
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
Once heavily dependent on the cigarettes segment, corporate behemoth ITC has diversified over the past two decades into many businesses that now generates 58 per cent of its revenue. Sanjiv Puri, chief executive officer, ITC, shares his plans with Arnab Dutta.
'The estimates of tax forgone on this item run into hundreds of billions.' 'And there is neither fairness nor rationality to support continuing with this tax holiday for just one class of investors, those who put their money in shares,' says T N Ninan.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
Is it time to take a relook at our economic theories? asks Ajit Balakrishnan.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
The challenge is to convince productive sectors that a lower general rate would benefit all and remove the prevalent system of favours targeted towards narrow industry and service sector groups.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
'Modi's advent has made the mass of Indians realise that there was absolutely nothing wrong or objectionable in proclaiming nationalism as the masthead of the polity and Hinduism as its centerpiece,' says B S Raghavan, the distinguished civil servant.
The market breadth, indicating the overall health of the market turned negative from positive
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
The new Land Acquisition Act to provide just and fair compensation to farmers came into force from January 1, 2014.
The Indian business community wants to see a strong stable government with a willingness to reform, break down the shackles of the past which is holding India back.
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
Calling India one of the most attractive investment destinations globally, vice president of European Commission Jyrki Katainen also complimented the government for its resolve to roll out the GST.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
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.
Experts hail Budget 2015 as a progressive, growth oriented one.
Mixed global cues and decline in crude oil prices further dent the sentiments.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Foreign portfolio investors have been net positive since the Union Budget
An interview with Amit Mitra, the finance minister of West Bengal.
'Jaitley should get the GST and multi- brand retail bills passed to achieve 9%+ growth.'
A glance back at some important events that occurred in 2018.
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