The very design of the GST will bring in revenue buoyancy.
Modi is also scheduled to hold a bilateral meeting with Xi on Tuesday.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
'The pressure on relative performance and the feeling of being left out among many investors may also account for the belief among many that this has to be a technology stock bubble.' 'The feeling of a bubble is also reinforced by the extreme performance gap between growth and value investing.' 'While at first glance, one can only stand back awestruck by the wealth creation delivered by technology stocks globally. It does not seem at all like the internet bubble of 1999-2000, says Akash Prakash.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
Panagariya has advocated a more liberalised spending, arguing that greater capital expenditure could relax some of the infrastructure bottlenecks facing the country.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
Jaishankar noted that it would be difficult to say what will happen in the future as there are a lot of "contradictions and frictions" out there today.
'You can't take jobs to people, you have to take people to jobs.'
Following is the full text of Prime Minister Manmohan Singh's speech at the Central Party School in Beijing on Thursday:
'2017-2018 will be one of the best years for the country.' 'The wheel has finally started moving in the right direction. It should pick up momentum in the next 8 to 9 months to have a positive impact on the economy'
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
China has cast a long shadow on India's economy.
Market participants are now awaiting Thursday's meeting of the European Central Bank
There are glaring anomalies with Indian data and that could lead to wrong policy prescriptions.
India must focus on reforms.
There has been an increase of $17 trillion in total debt in China.
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Tarun Das and T N Ninan offer their prognosis for US-India momentum on the economic front
The talent gap in the industry is huge, says N Chandrasekaran, MD & CEO, TCS.
The market continues to remain highly competitive relative to Indonesia and Malaysia, says Anand Narayan, senior managing director of Creador Advisors.
CMC has strong presence in the domestic market. It certainly compliments TCS.
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
India Inc is encouraged by a determined Budget.
The deal would allow Japan to export nuclear technology to India.
All credit to the finance minister for walking the fiscal and expectation tightrope extremely well in his budget speech, says Ganesh Natarajan.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
'The Modi-Xi and Modi-Obama meetings, with an interval of just 12 days, are juxtaposed superbly at a crucial point in the prime minister's life. Can Modi carve out a win-win situation with the superpower and the emerging superpower at the same time?'
Having invested close to $15 billion in Indonesia, Indian firms have lined up further $15-16 billion investments.
'Though federal, the Constitution is unitary in nature. All matters relating to revenue are centralised. It is necessary that matters related to finance have to be decentralised... States need more freedom in designing schemes with their interest in mind. There has to be a Constitutional amendment to give more powers to the states. A special session of Parliament should amend the Constitution, especially the 7th Schedule,' Kerala Finance Minister K M Mani tells Rediff.com's Shobha Warrier.
Perhaps half-way through India's demographic transition, what is the outlook for the future?
Text of PM Narendra Modi's press statement after delegation level talks with US President Obama at the Hyderabad House in Delhi.
RBI might not cut rate on June 2 but will surely cut soon.
Prime Minister Narendra Modi asserted that the BJP has emerged as the "third force" in Kerala that will replace the two fronts in the next year's assembly elections.
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
