Overseas funds have also become strong buyers of debt, with net purchases of $5.6 billion so far this year.
Rajan's remarks come as the Modi-led government completes one year.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
It, however, lags other states on crucial parameters such as health care and rural poverty.
Finance Minister Arun Jaitley hints at a world class tax regime.
The IMD came out with a dismaying prediction.
'In the coming months, expect more government action that will be packaged as an assault on black money,' warns A K Bhattacharya.
With the implementation of the goods and services tax less than 75 days away -- assuming July 1 as the roll-out date -- Sudipto Dey provides a guide to how businesses can navigate the transition.
In an online chat with readers on October 14, Anil Rego answered their credit card queries.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
Harassment, corruption and the burden of compound interest for years are also the reasons.
Andhra Pradesh now comes third in ease of doing business.
There is a sense of relief in Beijing that Modi will be at the helm of affairs in Delhi at a critical juncture in the geopolitics of the region, says Ambassador M K Bhadrakumar.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
What Director Mahesh Narayanan captures perfectly in C U Soon is the texture of our online conversations, observes Sreehari Nair.
Sensex falls at close; metals, banks perform well.
While there is no denying that certain sections of the community deserve aid, the politics of reservation can be suicidal for India.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
She said there was no bigger global challenge than "state-sponsored" and "state-protected terrorism, asserting those supporting terror networks must be made to pay the cost.
The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
According to the report, the demand for materials needed for infrastructure projects like metals, minerals, buildings and transport equipment is expected to increase as the country invests in building its civil infrastructure.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
11th-hour debt restructuring programme offered no concessions to creditors
Progress on several parameters creates a tipping point situation.
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
.jpg)
The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
FM indicates adherence to fiscal road map, benign tax rates, correction in inverted duty structure
The 30-share Sensex ended down 215 points at 27,011.
Despite Sebi passing at least four orders against deposit-taking entities in the past year alone, the business seems unscathed
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
'These are challenging times and we get energised by that.' 'I don't feel that 'I am tired now and I should relax', because even if someone calls us at 12 o'clock I have to answer his call.'
