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.
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.
The economy is growing at 7.5-8 per cent, the finance minister said.
Profitability and cash reserves have halved since the global financial crisis.
Businesses need to get on board in 15 days, ahead of indirect tax roll-out
Arun Jaitley on Friday said he would defer the move.
Ways on how consumers can maximise benefits.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
There are a few factors that can spoil the party
Market experts believe the retreat is because of uncertainty.
The GST bill is stuck in the Rajya Sabha where the ruling NDA govt does not have a majority as well as stiff opposition by the Congress
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.
The current draft of the Goods and Services Tax could kill any hope of economic revival - and you should blame the Congress if it rolls over and lets it pass, says Mihir S Sharma.
Investors will keenly watch US Fed meet starting Tuesday
Sensex to hit record high in 2015, but analysts cut forecast
As the Narendra Modi government nears completing a year in office, the Congress on Wednesday stepped up its offensive against the prime minister accusing him of weakening democracy by running a "one-man show" while scoring maximum on "arrogance" and minimum on governance.
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 second half of the budget session of Parliament, beginning on Monday, is all set to be a stormy affair with opposition parties closing ranks over the imposition of Presidents' rule in Uttarakhand.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
Preparing legal framework to protect states from revenue loss.
The government is banking on help from regional parties and rejigged numbers in the Rajya Sabha.
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.
Managing your money in January will set the trend for rest of the year, says Adhil Shetty.
'If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.'
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
The government on Wednesday said it will borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by the coronavirus pandemic. According to the Budget 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore in the financial year beginning April 1. "In the Budget, we had announced that there would be a gross borrowing of Rs 12.05 lakh crore and net borrowing of Rs 9.37 lakh crore. "In the first half of 2021-22, we would be borrowing Rs 7.24 lakh crore, which is 60.06 per cent of the gross issuances," economic affairs secretary Tarun Bajaj said. He said the government would issue 2-year, 5-year, 10-year, 14-year, 30-year, and 40-year securities.
Perhaps the calculation is that economic recovery will have been achieved before the next general election comes around, but such assumptions can come unstuck if current directions are not reversed quickly, cautions T N Ninan.
Sensex closed the day 416 points higher.
For the sake of transparency, and to reduce undesirable bond market volatility, clarity on these would be welcome, preferably before the budgets for the next fiscal year get finalised, says Neelkanth Mishra.
The government, he said, has implemented 'bold reforms'.
The government on Friday lowered its economic growth forecast.
The finance minister said the economy had been slowing.
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
The NSE Nifty also moved up by 12 points to 8,648.35.
Finance Minister Arun Jaitley presented the Union Budget.
Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.
'Even before the outbreak of the flu, it had become clear that the tax revenue numbers for 2019-2020 were overestimated,' observes A K Bhattacharya.
Tamil Nadu Chief Minister M K Stalin on Thursday said he has requested Prime Minister Narendra Modi to provide additional doses of COVID-19 vaccine to the state.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
