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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
Here is the full text of the joint statement issued by India and the US.
Instead of announcing new schemes, focus will be on those already announced and key sectors.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
The Adani group had applied for the Northern Australia Infrastructure Facility loan for building the 388-km rail line to connect the Carmichael coal mine to the sea port.
With the farmers' protest against the three new laws and in support of legalising the minimum support price (MSP) going strong, state governments have announced a slew of measures in their annual Budgets to placate farmers. The Centre kicked things off in the Union Budget by assuring farmers that the MSP would continue and coming out with a report card to demonstrate its commitment. However, these efforts don't seem to have yielded tangible results. In their respective Budgets, states chose to go a step further by announcing a variety of measures.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
Spiraling steel prices led the government to cut customs duty by 2.5-5.5 per cent on a range of products from semi-finished to flat and long products for the benefit of MSMEs, that have been at the receiving end.
Automobile makers in India are embracing taxi-hailing apps such as Uber and Ola, hoping to ride on their expansion to sell more cars, a contrarian view to companies in Western markets that fear a drop in car sales due to them
Prime Minister Modi has certainly pulled back, and his political capital -- dependent as it is on an image that he knows best and never retreats -- may have taken a bit of a beating. But, equally, it is hard to say that the protesters have 'won', argues Mihir S Sharma.
Budget is widely seen as a test of Prime Minister Narendra Modi.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
Governor Rajan can be more unambiguously pro-growth.
Parekh ensures that he never forgets the importance of correctness.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
The Lodha Group has bought land parcels worth Rs 12,000 crore in Mumbai
The agreement was signed on Tuesday at state's Isaac Regional Council meeting.
The railway minister has steered clear of populist traps and refrained from making grandiose announcements in terms of new trains and new rail routes. He should now emulate China, and rope in Japan in boosting the rail network, says Rajeev Sharma.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Kindling the private sector's animal spirits is more important than focusing on how government can give jobs on its own.'
India must be seen to be continuing on the path of reducing tariff and non-tariff barriers, if it is to fulfil its ambitions to export to the rest of the world.
The apex body of express companies, engaged in movement of goods through documents and parcels, on Friday demanded industry status and an independent regulator for the Rs 2,493-crore (Rs 24.93 billion) sector.
The Arun Jaitley-led finance ministry reiterated banks should act tough on wilful defaulters.
'While GST and demonetisation are likely to cause disruption for longer than the market currently expects, they can have meaningful positive impact over the medium-term.'
Why do I want to bring corporate tax from 30 per cent to 25 per cent? I have to attract investment in this country -- not just international but domestic.
The Budget provides a reassuring message about Prime Minister Narendra Modi staying the course.
In the January-March period of last year, an amount worth $1,179 million was invested across 103 transactions.
Finance Minister Arun Jaitley on Monday said domestic private sector investments have been slow and high cost of capital was also affecting several sectors.
'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.
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