Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
The incident comes two days after the Bharatiya Janata Party claimed that its worker Trilochon Mahato, 20, who was found hanging from a tree at Balarampur in the district on May 30, was killed by the Trinamool Congress. However, the Trinamool Congress has denied the allegations and termed it as baseless.
The government on Friday refrained from releasing the caste-based data in its first Socio Economic and Caste Census released in eight decades and maintained that it was concerned with economic data which will help in effective implementation of its programmes.
The dinner was followed by a meeting in which nearly two dozen allies facilitated Prime Minister Modi.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
While foreign currency rating was retained at Baa2 -- the second-lowest investment grade score -- Moody's also projected a fiscal deficit of 3.7 per cent of gross domestic product in the year through March 2020, a breach of the government's target of 3.3 per cent.
Index of industrial production data had also shown that the sector grew at 3.1 per cent after contracting in the previous quarters.
When Nitin Gadkari was president of the Bharatiya Janata Party, the party had announced it would set up a separate ministry for handlooms and handicraft. Instead of doing that, the BJP government has abolished the only institution that took into account the voice of the weavers.
IMF believes it is mostly cyclical, not structural, but because of the financial sector issues, recovery will be not be quick. IMF said, it saw an opportunity with the strong mandate of the new government to reinvigorate the reform agenda to boost inclusive and sustainable growth.
Prime Minister Narendra Modi on Saturday laid stress on a humanitarian approach to address problems concerning Jammu and Kashmir and said 'Vikas' and 'Vishwas' will be the cornerstones of the central government's development initiatives for the state hit by the unrest.
Says govt is creating conditions for greater private investment
HSBC analysts believe the UV which might sell about 3,000 units a month might fail to be an aspirational product in urban India.
Cement shares have been outperformers on the stock market
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
Gold is seen as a preferred asset for all types of investors, even central banks.
Car sales likely to touch record 3-mn mark by the end of March.
'States have done a tremendous job of identifying health facilities for COVID-19 care and equipping them well.'
The Reserve Bank of India has cut repo rates, the rate at which it lends money to banks, by 75 basis points since January this year, but most banks have not lowered lending rates.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
Swati Kulkarni, executive vice-president and fund manager - equities at UTI Mutual Fund tells Puneet Wadhwa that though mid-and small-cap companies are trading at a higher valuation as compared to large-cap peers, one can still find value in select pockets.
'Wild animals lived in their natural environment.' 'So, viruses could not be communicated.' 'Then came mass production and mass quartering of animals -- whether it be poultry, pigs and cattle -- which gave rise to bird flu, SARS and the mad cow disease.' 'Vast amounts of animal produce are also being flown from one part of the world to another, which has helped to spread the virus.' 'All these changes have led to a new and deadly mutation of the virus that has immobliised human beings.'
Nothing is going to dramatically open up on May 3. There will be too many ifs and buts and terms and conditions and guidelines in leading one's life in various zones, reveals Sheela Bhatt.
K C Venugopal (Congress) charged the Modi government with providing little funds for the MGNREGA.
The All India Anna Dravida Munnetra Kazhagam on Monday opposed in Rajya Sabha the government move to put in place a single examination for medical and dental courses through National Eligibility cum Entrance Test
The Crisil study covered 600 companies excluding financial services and oil companies, representing 71 per cent of the overall market capitalisation of India Inc.
'The revival of household savings and investment is the litmus test of whether we are on the road to recovery,' says Nitin Desai.
Commercial vehicles however declined by 2.83%
If the economy gains momentum, that is a big positive for markets, given the strong macro of low inflation, falling rates, and a stable rupee, says Akash Prakash.
After demonetisation, sharp fall in PE valuation offers an attractive entry point into some quality names and these 3 FMCG companies are expected to see the fastest growth in earnings with at least 15 per cent upside potential
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.
If currency controls are maintained indefinitely, popular support for Narendra Modi's demonetisation will turn into dislike, warns Devangshu Datta.
Earnings growth is expected to accelerate as lingering toxic effects of note ban ease off and GST settles down. However, stock valuations are high and that means market is also overdue for correction, says Devangshu Datta.
Pravin Gaikwad, the state coordinator of Maratha Kranti Morcha, has two rare qualities: he has an unparalleled connect with people from his community and, at the same time, underpins his ideology on a strong analytical base.
