'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
Abheek Barua & Bidisha Ganguly explain why the US treasury should intervene if the overvalued greenback continues to rise.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
The assessment of PMJDY should be done within the context of the programme.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Loan waivers will never be enough. Reforming the agricultural marketing system is essential to addressing the concerns of farmers in a sustainable manner, says Nitin Desai.
Asian emerging market stock prices did see a bounce post Fed-talk.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
One of the finest minds on foreign exchange management, monetary and fiscal policies, on debt and currency markets, on bank management and governance, and indeed on almost every aspect of modern finance and banking passes into the ages.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Angry Congress members staged a walkout during Modi's address.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
Sweden has the world's highest negative rate.
The nomination would put Yellen on course to be the first woman to lead the institution.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
Food and fuel are two perennial areas of concern.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Most expect the Budget to be path-breaking.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
The majority in the markets believe that a September lift-off is likely.
Over the past week, the Sensex and the Nifty continued the bull-run
The S&P and Dow dipped the most in a day since September 28.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
'The overall stress on asset quality is indeed coming down.'
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
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The agency has kept its FY15 growth forecast unchanged at 5.6 per cent.
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