Govt looking for common ground on GST; hopes to pass it soon.
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
RBI Governor Shaktikanta Das has assured Finance Minister Nirmala Sitharaman that the Rs 12.05-trillion gross borrowing programme for FY22 will go through smoothly.
Pulbic banks have no reason to cheer Budget announcement.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
The biggest achievement of the Modi government in the past one year was it could bring positivity in the minds of people and industry, says V P Nandakumar, executive chairman of the Manappuram Finance Ltd, in an interview to Shobha Warrier/Rediff.com.
India's gold obsession needs a correction.
It is best to invest long-term surplus in stocks or equity mutual funds.
'India has about 22,000 tonnes of private gold, held by individuals and temples.' 'Much of this is locked up in safes and vaults as a dead investment. If we can put the vast reserves of gold to use, it would boost the economy,' says V P Nandakumar, executive chairman, Manappuram Finance, India's first listed gold loan company.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.
The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
In the last financial year, GDP growth was 7.3 per cent.
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
There will be a review of employee compensation arrangement in the light of the new rules.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
It's difficult to understand if GDP growth has actually improved.
Experts hail Budget 2015 as a progressive, growth oriented one.
Swadeshi economist, columnist and chartered accountant S Gurumurthy speaks to Shobha Warrier about one year of Modi Sarkar.
The RBI governor believes corruption ca be fought by streamlining the system.
The Ratlam division of the national transporter is planning to provide head and foot massages to passengers in 39 trains originating from Indore railway
The temptation to rehash Manmohanomics is not going to deliver the achche-din that Narendra Modi has promised, warns Sriram Balasubramanian.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
As with stocks, real estate and art, investing in start-ups has emerged as an asset class in itself.
BJP said if voted to power, it would bring out a 'white paper' on the financial health of the state under the Congress rule.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Indian economy about to take-off
The Budget decides to take the lead in revving up infrastructure.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Hence, the claims by the Government that this will end the menace of black money and corruption are simply outlandish. Also, the simultaneous introduction of Rs 2,000 note undermines their claim and it simply does not fit the storyline of an attack on black money and corruption.