Pushing a barrel of oil back to around $100 would require a reduction of production of about two million barrels a day - a cut that would fall predominantly on Saudi Arabia.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
'Only when China treats India as an equal can we consider them real friends.'
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
'Power sits lightly on Arun Jaitley's shoulders. Just because earth-shaking election results have brought his party in power, he has not gone recklessly ambitious. "Too soon, too fast" is not what he likes,' says Sheela Bhatt/Rediff.com about Budget 2014.