PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
A vibrant financial system could can help finance those who wanted to create jobs.
Successor Anandiben Patel isn't having an easy time, with a protest movement by her own community and new challenges in keeping the mandate
India should plan its strategies on the assumption that the rightward swing will stay and the West will retreat into an economic fortress, says Nitin Desai.
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
American media has taken a critical view of his accomplishments, saying his flagship 'Make in India' drive is "so far mostly hype."
Imported components account for up to 30% of the firm's total production cost.
BKS and BMS leaders have told the BJP leadership that it is staring at a build-up of anti-government propaganda in the run-up to polls in five states.
Union Minister of Finance Arun Jaitley's opined, in an article made public on his Facebook page, about the economic reforms in India's future and the potential opportunities in the nation's financial future.
'If we don't want to be the poorest large economy even in 2030, we need to be doing very much more than is being attempted.'
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
'The simple truth is this: That we had come to assume that a second term was Modi's for the asking. But the fact is that Modi will have to win one, just like everybody else.' 'And so much has he invested in his strongman persona that even a loss of just 50 seats from his extraordinary 282 in 2014 will look to his potential allies and to his party like a defeat,' says Mihir S Sharma.
Investing in special situations can help you tap opportunities that arise during adverse conditions, advises Joydeep Sen.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
"In India, the sector will grow to $10 billion by 2018," predicts Vishal Bali, co-founder, Medwell Ventures, in an interview with Apurva Venkat.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Had the slain Indian-American engineer stayed in India, he would have earned less but his life might have been spared, Sunanda K Datta-Ray says, pondering the question of where one belongs.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
Women have been leaving the investment decision to husbands.
Salil Dhawan shares his stock market wisdom as 2017 is all set to ring out.
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
When 27-year-old Karthik Kamalakannan founded Skcript with his friend Swathi Kakarla in December 2013, little did he realise that it would become the Pied Piper of India one day.
The BJP's embarrassing rout in Delhi may affect Modi in many ways.
Drishti, an affordable eye care chain has lit up the lives of scores of people in rural areas.
'There is too much news about film stars. There is too much fawning over wealth and power. There is a grey area between seriousness and triviality in news reporting now.' 'Mumbai is still a magnet. All the politicians have property in Mumbai. Politicians are the biggest racketeers here.' Olga Tellis, the legendary reporter who completed 50 years in journalism, tells A Ganesh Nadar/Rediff.com about her life and experiences.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Stockmarket Gurus Raamdeo Agrawal, Manish Gunwani, S Naren and Nilesh Shah discuss their favourite themes for the New Year.
A provision of Rs 15,000 crore has been made in the budgetary estimate of 2016-17 towards interest subvention.
All credit to the finance minister for walking the fiscal and expectation tightrope extremely well in his budget speech, says Ganesh Natarajan.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
In an online chat with readers overseas consultant NNS Chandra offered advice.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
In the December quarter, Sensex earnings had contracted 5 per cent.
Can Jaitley's team hope to garner 17% more on personal income tax?
