The loss in Bihar has forced a change in NDA's market positioning, says Shekhar Gupta.
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
Railway Minister Suresh Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways.
Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
Institutions will wait till there is more clarity on Budget.
The road ministry has put forward two proposals before the Prime Minister's Office and the finance ministry.
'They have started becoming an important player, but not at the same level as they were in the earlier part of the decade.'
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
Spotlight likely on cement, metals, road cos
A likely easing in inflationary pressures in the forthcoming months will reopen the window for the RBI to once again prioritise growth and ease its interest rates.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
Modi's government sees itself in a sweet spot with spare cash.
Opposition parties on Friday criticised the government's decision to hike railway fares terming it as "criminal" to burden the people with such an increase and questioned as to why Parliament was not taken into confidence before taking the step.
The record of other prime ministers too shows how much can change when a prime minister is faced with the two-year challenge, says T N Ninan.
The finance minister's Budget presentation is a sombre affair, yes, but it wasn't as if the Lok Sabha was all serious through the speech.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Money will be earmarked for the social sector - especially rural districts that house three-fifths of voters
The rupee on Friday resumed lower at 60.25 a dollar from previous close of 60.19 at the Interbank Foreign Exchange market.
India as a large country should have inter-modal connectivity, which will help us make travel easier, safer and seamless. That is how you will also gain. You will gain more money, make more revenues, says Praful Patel.
Hussain said the new government had inherited an "empty treasury" while the prices of oil were shooting up.
"Thenga mila hai", scoffed Yadav using the Hindi slang to repudiate the ED's claim of huge recovery in the raids conducted in connection with the land for jobs scam
Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways. She also said the asset monetisation does not involve selling of land and it is about monetising brownfield assets. Projects have been identified across sectors, with roads, railways and power being the top segments.
'If private capex has to kick in, there should at least be 2-3 years of visibility.'
'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'
The Budget has evoked mixed reactions from Silicon Valley investors.
At an event at Chhatrapati Shivaji Maharaj Terminus in south Mumbai, Modi first flagged off the the CSMT-Solapur Vande Bharat Express and later another semi high-speed train linking the financial capital to Sainagar Shirdi temple town in Ahmednagar district.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
The Reserve Bank may cut key interest rates as early as this week.
This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.
Modi knows that the BMC elections are critical for his party which has never won a majority in the city's 227 wards.
Hygiene and cleanliness of trains and stations a must
Most expect the Budget to be path-breaking.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
Finance Minister Arun Jaitley announced slew of reforms for the masses.
