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.
Gold prices jumped by Rs 470 to Rs 30,670 per ten gram in the national capital on Monday on brisk seasonal demand amid a firm global trend.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
Restrictions were imposed in Jammu and Kashmir capital Srinagar's city centre after leaders of three trade unions were detained to stymie a proposed rally 'to protest the government apathy towards rehabilitation of the September 2014 flood victims'.
Snapping their three-day falling trend, gold prices surged by Rs 375 to trade at Rs 26,375 per 10 grams at the bullion market.
A section of analysts feel now may not be a bad time to buy select PSBs.
It is time the government cast its net wide for seeking expert advice on managing the Indian economy and formed a group to help it navigate the difficult days ahead, advises A K Bhattacharya.
Former prime minister Manmohan Singh said India is poised to take advantage of globalisation and engage in trade to finance its imports through exports.
Although as per the IMF-OECD estimates, an incremental growth of 1.8 per cent in global GDP is achievable
Speaking to the Indian community, he asked them to join the campaigns launched by Prime Minister Modi such as 'Digital India', 'Startup India, Stand up India', 'Clean India Mission', 'Smart Cities' etc.
The United States has lifted most of its sanctions against Iran after a UN watchdog reported that Tehran had complied with a nuclear weapons deal.
"This will be the first dinner for a foreign dignitary at the White House under this administration. So, we think that's very significant," a senior administration official told reporters at the White House on the eve of Modi's arrival.
Financials were the top losers after sharp gains in the previous session along with ITC
While long term solution depends on each one of us altering our consumption patterns, the future depends on next generation technologists and entrepreneurs creating business models that naturally reduce the green house gas emissions.
There is a sense of relief in Beijing that Modi will be at the helm of affairs in Delhi at a critical juncture in the geopolitics of the region, says Ambassador M K Bhadrakumar.
India is estimated to spend $1.36 billion more a year for every one dollar a barrel increase in crude oil prices, says Subhayan Chakraborty.
ONGC is raising debt for a spate of acquisitions over the past year
Speaking at the CII's partnership summit in Jaipur, Azevedo who is the Director General of WTO, also said the member countries should implement the trade facilitation agreement on time as it would help in reducing cost of commerce and boosting exports.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
Traders estimate lower vegetable output this year.
China is pulling out all the stops to give a 'state visit-plus' reception to Trump on his maiden visit.
This is the highest in Europe and the third in the world after the United States and China
Trump said that his proposal should be supported by both parties (Republican and Democratic) as a fair compromise -- one where nobody gets everything they want, but where the country gets the critical reforms it needs.
According to government data, the prices have still not crossed the MSPs in some mandis.
Migrant workers are leaving Gujarat, PM Modi's home state, as they have no work.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
The eighth strike this year by the pilots over retirement benefits forced Germany's largest airline to cancel more than 1,500 flights on Monday.
In his pre-departure statement, he said trade ties between India and Russia can increase even further, to benefit not only the two nations but also the world.
Can only suspend non-compliant companies at present owing to a lack of jurisdictional clarity.
In recent past, midcap stocks have performed well, say experts.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Some questions cited concerns that larger warnings can hurt tobacco farmers and boost illicit trade.
High interest rates and prices mean low affordability. Also, developers have huge inventories.
India's jewellery consumption in Sept quarter increases 5% to 193 tonnes.
Over 75 per cent of India's daily coal output has been hit as the five-day strike by workers of state-run miners entered the second day on Wednesday, raising fears of disruption in power supplies.
It pegs the value of these companies at Rs 2 lakh crore (Rs 2 trillion).
The operation is not a favour to Nepal. It's in India's interests to rebuild a new Nepal
As hard bargains continue for the next four days at the picturesque tourist resort of Indonesia, the ministers., including from the influential developed countries will try and reach agreements on providing windows to the developing nations for their food security programmes and a pact to free the global trade from the procedural hassles at the customs.
