On February 22, 2013, the Reserve Bank of India issued guidelines on 'Licensing of New Banks in the Private Sector'.
India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.
Prime Minister Narendra Modi promised a conducive environment for manufacturers, including a discrimination-free tax system
The Budget sets out a comprehensive vision.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Last year this time, India was grappling with an imminent sovereign downgrade, with an uncontrolled fiscal deficit, policy paralysis of the highest order with no economic reforms for eight long years and a weakening rupee.
A consortium of three US-based firms - AECOM, KPMG and IBM - was given the task of developing the master plan.
The interconnection charge has been reduced.
New Land Bill is aimed at reviving investment climate.
This Budget signals a shift from a hand-out to a hand-up economy.
Tata Steel has ventured into pilot projects that promote use of steel in furniture and house doors.
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
The U.S. economy grew faster than initially thought in the second quarter.
For a long time, the Indian economy has been drifting without a credible monetary anchor.
Virtual incubation platform StartupWave has been adopted by close to 190 entrepreneurs.
Budget should be a platform for govt to take bold steps.
Since 2000, China has had the world's largest outflow of HNIs.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
In the past two weeks China has cut interest rates.
Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.
China's economy is in transition, with rising wage costs and massive overcapacity.
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
Budget might turn out to be neutral for the sector.
In 2015, India's domestic aviation market clocked 81 million flights.
China's new leadership headed by Xi ruled out massive stimulus similar to the one in 2008 which amounted to $645 billion to tide over the global economic crisis.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
To keep competitors at bay, GCMMF has drawn up an expansion blueprint worth Rs 800 crores for the domestic market.
Real estate sector cheers reforms in the Budget.
Parekh said divestment can unlock huge funds.
'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.
If the Modi government's approach to economic policy making is any indication, expectations of a sudden spurt in economic reforms after the assembly election results appear to be grossly misplaced.
On India achieving higher growth, Rajan said 9 per cent, which is the widely believed potential growth rate of the economy, is still some time away.
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
Struggling, corrupt construction industry will be challenged by the prime minster's $250-billion plan
A glance back at some of the important ups and down Indian Inc faced in 2018.
Trump is accompanied by First Lady Melania, daughter Ivanka, son-in-law Jared Kushner and the top brass of his administration.
Bupa and Axa have already declared their intention to raise stakes.
Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
