Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
The absence of a clear underlying economic ideology in the Budget was quite evident, say experts.
Companies to hold rates in Delhi until new government is formed.
A simple guide to the strange defensiveness of the government and its supporters, and how and why the arguments they're making are wrong.
IDS-2 and raids to uncover black money stash keep receipts flowing
Nanotechnology has remarkable applications in a variety of spheres, including agriculture, animal husbandry and natural resources management.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
Budget should raise revenues & reduce spending to increase capital expenditure.
'It is a national shame that the only country that enacted a food security act is now better known as the land of farmer suicides. Indian farming can change only if national irrigation policy is implemented in totality,' Dr M S Swaminathan tells Shobha Warrier/Rediff.com
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
The issue of lynchings resonated in the Rajya Sabha; while in the Lok Sabha, the Opposition accused the government of not being sensitive towards farmers' issues.
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
'On the tax front, most of the Budget proposals are sensible'.
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
As for structural reform, there are signs if one looks hard enough.
These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.
Biju Janata Dal members had staged a walk-out while NDA ally Shiv Sena did not participate in the voting.
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
If Modi and Shah did not project Adityanath as CM, it was out of expediency, says Radhika Ramaseshan.
India's macroeconomic situation has benefited from oil prices' decline.
The finance minister defended the change in the tax rates.
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
With only one day left, the Winter session of Parliament is on the verge of a washout as it failed to transact any business again on Thursday.
The BJP government is no better than the Congress -- as wretched and anti-people. In addition, it is explicitly and aggressively communal, says Venkatesh B Athreya, in a hard-hitting interview to Shobha Warrier/Rediff.com.
A large number of rich farmers, who earn more than salaried employees in the cities, get away with paying no tax at all in view of the government's lack of will to consider an agricultural income tax
A delayed monsoon and abundant cotton in the international market could spell trouble in the state's suicide zone.
The central government has drafted a law to restrict wombs for hire, and there is much to be said on all sides.
In Muthuvel Karunanidhi's passing, Tamil Nadu has lost the last of its Titans.
The compulsions of domestic politics notwithstanding, India and Bangladesh script a new story in bilateral relations, say Nayanima Basu and Aditi Phadnis
'It is time for all Indians to understand the truth that led to a 10-year long bloodbath in Punjab and not attempt to glorify the terrorists under the garb of human rights violations or scratch old wounds,' says Colonel Anil A Athale (retd), on the 30th anniversary of Operation Bluestar.
A raise in the I-T exemption limit has been sought by many.
In the first part of an exclusive interview with Sheela Bhatt/Rediff.com on the eve of the first year of the Narendra Modi-led NDA government, BJP President Amit Shah talks about the government's achievements and the controversy over the land ordinance.
The event was attended by senior Congress leaders such as former prime minister Manmohan Singh
'There is no change in the overall story of economic recovery.'
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
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