The corporate sector does not care from where the money is coming.
Finance Minister Arun Jaitley presented the Union Budget.
Junking of old Rs 500 and Rs 1000 notes, he said, will help the world's fastest growing major economy to move towards less cash economy and digital payments that will help shore up tax revenues and check evasions.
Vivek Mahajan (Head - Research) Aditya Birla Money, analysed the slow IIP growth.
A moderate recovery in Indian factories, exports and investments were probably the main drivers for an increase in overall growth in the quarter through March.
It's the beginning of a rate reduction cycle
India is set for decent growth in 2015.
The renminbi is expected to weaken another 2 per cent in six months.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
Rangarajan said that growth has many dimensions to it.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
Chief Economic Advisor Arvind Subramanian's interview.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
Lack of political consensus on economic reforms a key concern.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
The rupee closed at Rs 66.21 in its last trading session.
Manik Nangia, Director and Chief Digital Officer, Max Life Insurance emphasises the importance of child insurance plan.
Mr Modi must stop talking, and start writing
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
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Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures, including further liberalisation of FDI norms to improve economic condition.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Parekh said divestment can unlock huge funds.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
What will be the impact on the Euro itself? Will it devalue and to what extent?
Arun Jaitley had a tough fiscal hill to climb.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
'The BJP has no presence where the regional parties are strong.' 'And we should think of the Congress and support the Congress in those places where it is the dominant regional party.' 'The leaders of the other parties (have to) get together on this simple principle of one candidate against the BJP candidate.'
"We are seeing the feel-good factor is back. It's only a matter of time before the entire economic engine starts working seamlessly," says Motilal Oswal.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Aditya Puri thinks the government is on track.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
