The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
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.
'Tax cuts will have only marginal effects in the short run and significant positive effects in the medium term,' says Shankar Acharya, former chief economic adviser to the Government of India.
Piyush Goyal emphasised that India is committed to pursue a green path to growth.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
With a team of 20-odd people, Snafu tries to unearth the rough diamonds from millions of songs. Can AI help look for a needle in a haystack? Ritwik Sharma finds out.
Banks stocks continued to trade weak along with FMCG major ITC.
Congestion on Mumbai roads has become chronic.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
Arun Jaitley presented the Budget in Parliament on Saturday.
Projects in other developed countries, such as Canada, and even in developing nations like Mozambique and Indonesia are also in limbo
IT major Wipro on Friday reported a 9 per cent rise in Q3 net profit at Rs 2,192.8 crore in Q3.
Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
Infra sector is neglected by the Modi govt.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
Pranay Bhatia offers insights on some key issues from Nirmala Sitharaman's maiden Budget.
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
Indian govt is trying hard to get global investors to invest in the country.
Modi along with Assam Governor Jagdish Mukhi and Chief Minister Sarbananda Sonowal also walked a few metres on the bridge.
Under the hybrid-till model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
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Some experts believe that building new cities may not be the answer to India's swelling urban population.
On Monday, the US delegation met Urban Development Minister Venkaiah Naidu.
Market linking of petrol and diesel prices has helped the industry.
There's a 13 per cent increase over last year, in an effort to put its flagging revenues back on track.
The S&P BSE Sensex dropped 207 points to end at 25,230.
NHAI to pull plug on Rs 3,000-crore ventures for poor show
Iran's decision to keep India out and welcome China to the scene is a huge strategic setback for India, observes Dr Rajaram Panda.
Sebi has approved the norms for financial institutions setting up shop at GIF City in Ahmedabad.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Experts believe scrapping some projects is likely to bring some stability in road sector.
