'You may see some movement indicating a simpler tax regime with less exemptions but with fewer tax rates making life simpler for taxpayers.'
Macroeconomic management is usually a lot more comfortable with lower fiscal deficits. The sooner we get there, the better for the economy, says former Chief Economic Adviser to the Government of India Shankar Acharya.
It was a year of big gains for equity investors.
The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal cost of lending rates, as per a report. Stating that lenders and borrowers will face volatile times with the Reserve Bank raising the repo rate by 40 bps to 4.40 per cent and the cash reserve ratio (CRR) by 50 bps on May 4 in an off-cycle policy move, India Ratings said the market rates had already been moving higher before the move. The 364-day T-bills have moved up 120 bps and 10-year G-sec by 140 bps since May 2020, when the repo rate was cut to a record 4 per cent, which led to an expectation of a faster and sharper rise in interest rates in the system but the central bank stayed the course to support the fragile economy battered by the pandemic.
The output of eight core infrastructure sectors contracted for the third month in a row by 1.3 per cent in December 2020, dragged down by poor show by crude oil, natural gas, refinery products, fertiliser, steel and cement sectors. The core sectors had expanded by 3.1 per cent in December 2019, according to the provisional data released by the Commerce and Industry Ministry on Friday. Barring coal and electricity, all sectors recorded negative growth in December 2020. During April-December 2020-21, the sectors' output declined by 10.1 per cent against a growth rate of 0.6 per cent in the same period of the previous year.
The shipping business is like the heaving sea -- it's up and down, observes Shyam G Menon.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
Jose Mourinho will be desperate to prove he is not past his best after being sacked by Chelsea and Manchester United.
Coal, crude oil, natural gas, cement, and electricity recorded a negative growth of 8.6 per cent, 5.4 per cent , 3.9 per cent, 4.9 per cent and 2.9 per cent, respectively, in August.
Here are some Images from match 27 of the Indian Premier League...
The 25-year-old from Punjab threw a personal best of 64 metres to finish second in Group B in the qualifying round.
India will boldly go to Venus for the first time and re-visit the Red Planet very soon.
A sharp sell-off in the Indian equities markets after a spike in crude oil prices should not be surprising. Historically there is a negative correlation between stock valuations in India and the price of Brent crude oil, which is the benchmark for the Indian crude oil basket. Between 2011 and 2014, crude oil traded above $100 a barrel for an extended period, the Sensex-trailing price/earnings (P/E) was 18X, on average, during the period, nearly 22 per cent lower than the current index P/E of 23X.
The government clarified that the majority of industrial establishments had reported nil production, and cautioned that the numbers should not be compared with those of previous months. "It is not appropriate to compare the IIP of April 2020 with that of earlier months, and users may like to observe the changes in the IIP in the following months," said the ministry of statistics & programme implementation.
Former New Zealand fast bowler Simon Doull says players from his country have always been 'overlooked for second rate Australians" in the Indian Premier League, expressing his views after Devon Conway created a flutter with his splendid hitting days after going unsold at the IPL players' auction.
Cinema Bandi brims in nave optimism, focusing on a rural community's simple, sweet characters using up all their enthusiasm and resources to make a local blockbuster, feels Sukanya Verma.
Mayank Agarwal could likely to make his ODI debut as the first of the three-match ODI series kicks off in Chennai on Sunday. But all eyes will be trained on under-fire Pant who will have to work to prove his worth in the squad.
In awe of the sensational Saurabh Chaudhary, former World championship silver-medallist shooter Jitu Rai feels the reticent youngster has it in him to humble one of the sport's all-time greats, South Korean Jin Jong-Oh, at the Tokyo Olympic Games.
Indrani was spiritedly telegraphing details of the jewellery from the back of the court...
After years of living with his family in a poky 110 sq. ft. 'house', textile worker Sambhaji Surve dreams of moving into a home four times the size once the Maharashtra government starts its ambitious redevelopment of the 39-acre Kamathipura shanty town in south-central Mumbai. Sharing his dream are about 8,000 other families hoping for a better life when the redevelopment project, part of the government's effort to redevelop old settlements and make life more livable for some residents, gets underway. The Shiv Sena-Nationalist Congress Party aims to redevelop BDD Chawl and Dharavi but for Surve all the matters is Kamathipura where he arrived in the 1970s from Nasik to work in a textile mill. Kamathipura was originally built 150 years ago following construction of a causeway to connect the seven islands of Mumbai. From the British Raj to post-independence, it became infamous for slums and brothels.
A statement from the club on Thursday said they had made record turnover of 990 million euros last season and projected an increase to 1.047 billion euros for the 2019/20 campaign.
The growth in the contact-intensive portion of the economy trailed our expectation, highlighting how imperative it is for confidence to improve, either through accelerated vaccinations or otherwise, to drive a sustainable recovery in these sectors, asserts Aditi Nayar.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
Trade deficit marginally widened to $9.85 billion as against $9.72 billion in February 2019.
Shreyas Iyer's blazing form will be some sort of an assurance for his franchise Delhi Daredevils as his quickfire unbeaten 79 off 49 balls helped Mumbai beat Ranji Trophy champions Gujarat by 5 wickets in a West Zone leg game of the Syed Mushtaq Ali Trophy, in Vadodara, on Monday.
Sectors, which, recorded healthy export growth included electronics, engineering, chemicals, pharma and tea.
Images from the 1st T20 International played between India and England at Green Park stadium in Kanpur on Thursday
Young West Indian pacer Alzarri Joseph described his record-breaking bowling effort on his IPL debut as "unbelievable", saying he will cherish the moment for a long time to come.
Organisers hope the anxious buildup will be forgotten when the action begins.
The challenges before the coming Budget are more daunting than those in 2021, reveals A K Bhattacharya.
Australia's Nick Kyrgios said he supported vaccination "but how we are handling Novak's situation is bad, really bad". The Australian Open begins on January 17, but the multi-millionaire Djokovic is constrained from training as he sits in a hotel where one Iranian detainee said he had found maggots and mould in the bread.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
'While we conversed in Marathi, she would always make it a point to ask me in English, "Are you okay? Have you eaten?"' 'I sorely miss that care and concern.'
'On grass it's different, I feel that I can play kind of automatically, just the way I play, maybe play flatter than I play, so it's more convenient for me to play on grass.'
Images from Saturday's Indian Premier League match between Kings XI Punjab and SunRisers Hyderabad, in Dubai.
Rahane also pointed how the coach's contribution was the key to the team's success.
If the current restrictions remain in place until the end of May, we estimate that the cumulative loss of activity could amount to around $10.5 billion, or around 0.34 percentage point (pp) of annual nominal gross domestic product, say Barclays economists.
Tennis World No. 1 Novak Djokovic spent Orthodox Christmas in Australian immigration detention on Friday as his lawyers fought a government decision to remove him from the country that could scupper his shot at a record-breaking 21st Grand Slam.
India have emerged winner in all five matches against Pakistan in T20 World Cups, starting from the inaugural World T20 in 2007.
Nirmala Sitharaman is proving to be a better finance minister than her initial rookie status might have led people to expect, observes T N Ninan.
