Apart from IT and pharma, the lead spenders in travel are construction, automobile and metals and mining companies and together these sectors accounted for 82 per cent of business travel spend in India in 2015, up from 78 per cent in 2013.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
This is good news for the central government at a time when crude oil prices are rising.
The average rating was seven out of 10.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
The upward revision in growth forecast for current fiscal comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch's expectation of 7.7 per cent.
With recent rate cuts, November collections could be even less
The Central government is stuck between the devil and the deep blue sea as far as the runaway fuel prices are concerned.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
States' demand for 5 years and Constitutional provision ruled out
Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.
Rajan said investments should return after initial investor worries over Brexit.
This time, the global appetite for risk is in favour of India.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Analysts expect modest recovery in Indian economy.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
The GST has been a great achievement, but it does suffer from weaknesses, says Chief Economic Adviser Arvind Subramanian.
The new Land Acquisition Act to provide just and fair compensation to farmers came into force from January 1, 2014.
Javadekar asserted that the first 50 days have shown that Modi government's second term will be more effective and will build on the success of its previous tenure.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
'We have the more difficult reforms to do such as the reduction of subsidy, the insurance and pension sector reform, eliminating bureaucratic red tape and implementing Goods and Services Tax'
With tempers rising on intolerance, it will be hard to run House proceedings.
The worst may perhaps be over for these stocks, suggests Sanjay Kumar Singh.
'We have to make doing business in India easier.'
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
The 47-year-old senior cabinet minister was widely expected to become the third female British Prime Minister after 170,000 online and postal votes cast by Tory members, ending Sunak's historic run as the first member of Parliament of Indian heritage to compete for the top job at 10 Downing Street.
India's political infighting is denting business confidence.
Profitability and cash reserves have halved since the global financial crisis.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
The Budget sets out a comprehensive vision.
The government had breached its fiscal deficit target given in the Budget for 2017-18 in November itself, touching 112 per cent of the limit.
With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
The agency has predicted that monsoon will also be a major factor.
On the stalled goods and services tax bill, Modi said the Congress has made it a prestige issue but expressed confidence that the evolving arithmetic in Rajya Sabha would ensure that the legislation would be passed soon.
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