Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Conversely a rate hike may have positive effects if it triggers currency appreciation.
When corruption eats into the vitals of a nation, the State structures decompose and collapse. And when the leadership loses respect of the people, the war is lost, asserts Ambassador M K Bhadrakumar, who played a stellar role in beginning India's systemic dealings in Afghanistan in 1994.
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
As soon as the Question Hour began, the issue was raised by Ramgopal Yadav (SP) and supported by RJD members. Even CPI-M leader Sitaram Yechury favoured the revocation of the suspension. Members from the treasury benches, however, insisted that the suspended members should tender apology.
Shah said the BJP-led government had only brought an amendment to the law which was enacted by thr Congress and whose provisions were later made stringent.
With various financial sector bills pending in Parliament, the US today said India should further liberalise this area to sustain 8-9 per cent growth it was recording before being impacted by global economic crisis.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
The rise in govt benefits has pushed the fiscal deficit to 4.5 per cent.
Once passed by Parliament, the bill will replace an ordinance promulgated on December 30 last which provides for a fine of 10,000 or five times the cash held, whichever is higher, on holding of more than 10 banned 1,000 and 500 rupee notes.
Vociferous protests by Opposition benches demanding the presence of Prime Minister Narendra Modi during the debate on demonetisation on Tuesday led to the stalling of proceedings in Parliament once again.
While BJP members moved into aisles shouting slogans and demanding an apology from Azad, Congress members too rushed into the Well raising slogans demanding an apology from the prime minister.
Rumour has it that former Bihar chief minister Lalu Prasad had once misbehaved with Amit Khare, the then district commissioner of Chaibasa in south Bihar, in full public view. The incident was enough to enrage the strong lobby of Indian Administrative Service officers to take on the all-powerful chief minister.
Centre wanted to push the Banking Regulation Bill, the Opposition wanted to discuss stalking case.
Though the Bharatiya Janata Party is not overly worried about getting the amended land acquisition bill through in the Upper House, it has nevertheless decided to have a three-day gap between the dates of the sitting of the Lok Sabha and the Rajya Sabha for the Budget session.
Prime Minister Narendra Modi hailed the passage of bills as a "momentous occasion" in parliamentary democracy and said a new dawn awaits the people there as they are now free from the "shackles" of vested interest groups.
With tempers rising on intolerance, it will be hard to run House proceedings.
There will be no Question Hour and private members' bills will not be taken up in the Monsoon session, while the Zero Hour will be restricted.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
However, a majority in the Council of States will continue to elude the BJP-led National Democratic Alliance.
The Rajya Sabha on Monday saw high drama and embarrassment for the government as a Constitution amendment bill on backward classes was changed after some amendments moved by the Opposition were passed by the House.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
For the first time, the main accused in 23 cases was convicted.
Several politicians said they were not even aware of the provision in the UP Act.
In addition to declaring a national emergency, US President Trump has approved major disaster declarations for New York, California, Washington, Iowa, Louisiana, North Carolina, Texas and Florida.
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
The transgender community in Tamil Nadu hopes the bill, once it becomes law, will give them a dignified status and make more private sector jobs available to them. Ramasubramanian reports from Chennai
In 1910 the who's who of Wall Street met in total secrecy in an American town to work towards the first draft of the bill that would finally give the United States a central bank.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
The move of the Tamil Nadu government to release seven convicts in the Rajiv Gandhi assassination case generated heat in Lok Sabha on Thursday with Congress and AIADMK members clashing on the issue.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
With a sole mandate of inflation targeting, RBI wears many hats.
Participating in the debate on the triple talaq bill on Thursday, Khan made certain observations on a ruling party member.
The speaker said she was ready to start the debate right away if the House agreed. The debate has been listed in Monday's list of business under Rule 193.
Trump's move followed a rare show of bipartisanship on Thursday when legislators voted to fund large swaths of the government and avoid a repeat of the recent five-week government shutdown.
'In his 2014 election campaign, Mr Modi had boasted that he would apply the Gujarat model to the rest of India. We just have to ensure he doesn't start with Parliament,' says Shashi Tharoor in this fascinating excerpt from his new book, The Paradoxical Prime Minister: Narendra Modi And His India.
