The reduced growth is largely because of consumption slowdown and tax rate cuts.
United States Vice President-elect Kamala Harris has named her Chief of Staff, Domestic Policy Advisor and National Security Advisor -- an all-women team -- which she said has the experience to hit the ground from day one.
'The government's projections for 2019-2020 will be disappointing big time.'
The Rajasthan Congress led by its state president Sachin Pilot on Thursday held a Chetna Rally against "anti-people" policies of the Vasundhara Raje led Bharatiya Janata Party Rajasthan government.
In a bonanza to its employees ahead of the ensuing Lok Sabha elections, the government on Friday decided to merge 50 per cent of dearness allowance with the basic pay
The continued rise in interest is a pressure on fiscal, but it is not an easy way out unless the government cuts back on populist measures and sticks to fiscal prudence as laid out in the FRBM, which the government missed for the second consecutive year.
The additional cash will now give the Centre more headroom for stimulating the economy.
The government of India had budgeted to bring down fiscal deficit to 4.8 per cent of GDP in the current financial year, from 4.9 per cent in 2012-13.
Jaitley, 66, has become 'very weak' as his health has deteriorated over the past few weeks, sources said, adding that he has developed some throat condition as well that prevents him from speaking for long.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
The infrastructure spending target for 2020-25 was revised because of additional and amended data provided by central ministries, state governments since the release of the summary NIP Report in December 2019 when it was pegged at Rs 100 trillion.
The absence of a clear underlying economic ideology in the Budget was quite evident, say experts.
Tax incentives to have cascading effect on the capital goods industry.
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
Total burden on the exchequer will increase by Rs 12,000 crore to Rs 87,217.50 crore for the year 2019-20.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
Modi accused the TMC of killing the aspirations of the middle-class people in the state and said the ruling party in West Bengal is known for 'triple T -- Trinamool Tolabaji Tax'.
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
The resentment against the government has increased.
Modi said the newly-sworn in government took four major decisions related to farmers' and traders welfare in the first meeting of the Union Cabinet.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
The matter was taken up with higher authorities and Union minister Jitendra Singh wrote to ministers of all the departments concerned.
The apex court observed that the government could not deny benefits to those who did not have not Aadhaar numbers.
The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.
The Defence Minister said it has been decided to give women permanent commission in the Army, Navy and the Air Force like their male counterparts.
Currently, companies are taxed in the jurisdictions in which they have a physical presence. However, digital businesses generate revenues from markets without a significant physical presence in a country.
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
Only nine of the airline's 370 daily flights were making profits.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
Attacking the previous government, Union Minister M Venkaiah Naidu on Sunday said the hike in rail fares was "thrusted upon" by the United Progressive Alliance, but it was a "bitter medicine" that had to be swallowed in the interest of sound health of the economy.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
Interestingly, PM Modi had thanked his UAE counterpart Sheikh Mohammed bin Rashid Al Maktoum for offering the support to the rain-battered state on August 18.
Gandhi added the minimum income guarantee would be implemented across the country.
'Whoever whispered in his ears that go for demonetisation, misled him completely' and the PM lacked the sagacity to know that it would not work, Yashwant Sinha tells Archis Mohan.
'The war against ISIS is what earned the Kurds global recognition of being some of the best fighters that overshadowed regular armies,' points out Brigadier S K Chatterji (retd).
In an open defiance, Union Minister M M Pallam Raju on Wednesday questioned the government's hurry to push the Telangana bill and said Prime Minister Manmohan Singh's disapproval of disruptions in Parliament was not "fair".
'According to politicians, farmers are the fourth grade citizens of India.' 'We farmers could meet the prime minister and ministers during Congress rule.' 'But none of the BJP ministers want to even meet us.' 'The prime minister has time only for foreigners, but has no time to meet us farmers.'
'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.
Union Commerce and Industry Minister Anand Sharma takes on Narendra Modi, says: Gujrat cannot be sold as a model state as it has many flaws.
