Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
In good times, analysts justify valuations giving interesting investment rationale.
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
Here's what celebrities had to say about Arun Jaitley's Budget.
It is your duty to be responsible to your health and start saving and investing early in a suitable health insurance, says Naval Goel
The party also expects opposition parties to help its agenda by raising the issue of making the video footage of surgical strikes public.
'The simple truth is this: That we had come to assume that a second term was Modi's for the asking. But the fact is that Modi will have to win one, just like everybody else.' 'And so much has he invested in his strongman persona that even a loss of just 50 seats from his extraordinary 282 in 2014 will look to his potential allies and to his party like a defeat,' says Mihir S Sharma.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Gujarat is a flourshing state but its business model is not so well accepted at national level.
The country saw two straight years of deficient monsoons.
The action may come after the special session of the Arunachal Pradesh assembly, which is meeting for two days from Wednesday to ratify the Goods and Services Tax Constitution Amendment Bill, a government functionary said.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Soaked in patriotism, hundreds of Indians on Monday proudly marked the country's 70th Independence Day, as the tricolour fluttered and the national anthem reverberated at Indian missions across the world.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
He emphasised that if any life is lost in Kashmir, whether of any youth or any security personnel, 'that loss is ours, of our own country'.
The economy could grow at 6-6.5 per cent this fiscal year (2019-20 or FY20), said Chief Economic Advisor Krishnamurthy Subramanian, revising his earlier estimate of 7 per cent in the Economic Survey. In an interaction with Arup Roychoudhury, he said supply-side measures, including corporation tax cuts, will boost consumption and demand, and non-tax revenue may make up for shortfall in tax revenues.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
This is the BJP's first full-year Budget.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
Launching a counter offensive against Congress vice president Rahul Gandhi for giving the Modi government "zero out of 10" for handling farmers' issues, Parliamentary Affairs Minister Venkaiah Naidu on Sunday said that "zeroes cannot see beyond zero".
Sonia Gandhi's iftar was meant to be a powerful show of unity of Opposition parties to take on the Modi Sarkar, but that was not to be...
It could be a tough week In the run-up to such an event, the market is always nervous.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
When an NRI returns to India, he should be aware of his tax residency status.
Narendra Modi was both conciliatory and mocking towards the Opposition, particularly Congress, during his hour long reply to the debate on the motion of thanks to the President's address in the Upper House.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
A consensus builder, Jaitley was regarded by some as Modi's original 'Chanakya'.
Manish Sabharwal tackles 5 criticisms of demonetisation.
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
Sensex lacklustre, bluechips in focus.
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
Market linking of petrol and diesel prices has helped the industry.
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
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