India said its economy grew 7.3 percent in the October-December quarter.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
"There are clearly two sides. On one side, there is an organisation of patriots in the form of BJP and on the other side, tukde-tukde gang have come together under the leadership of the Congress. It is for the people of Karnataka to decide now whether they are with the patriots or those who support people who want to divide this country," he added.
'...and defensive until the global macro headwinds turn more benign.'
A day after Prime Minister Narendra Modi expanded his Cabinet, the Congress accused him of including "tainted" ministers in the government contrary to his election rhetoric of "cleaning up" Parliament of criminals.
Neither India nor China will be badly affected by Grexit.
Her statement came ahead of a crucial round of talks scheduled to be held between the Centre and representatives of the agitating farmers during the day.
The government reserved all jobs in J-K for the domiciles -- people who have stayed there for at least 15 years. On Wednesday, while laying down the rules for domiciles, the government had reserved jobs up to Group 4 only.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
Backloading the government's borrowing programme suggests the finance ministry's confidence in better revenue numbers, says A K Bhattacharya.
The World War I had been triggered by an assassination in then relatively unknown Serbia.
Russia is among the top buyers of Indian tea, accounting for about 18 per cent of the industry's total exports.
Metals bucked the trend and shone across the board.
While the number of active COVID-19 cases stood at 6,039, as many as 515 people have been cured and discharged, and one had migrated, it said. The total number of cases include 71 foreign nationals.
Governments need to proactively plan for attracting and retaining the next generation of talent for its civil services, an official report has said.
West Bengal Chief Minister Mamata Banerjee on Wednesday attacked Union Home Minister Amit Shah over violent protests against the new citizenship law, saying his job is not to set the country on fire but to put it out. Taking a dig at Prime Minister Narendra Modi's 'Sabka Saath Sabka Vikas' slogan, she said the BJP government has brought "satyanaash" (disaster) for everyone in the country.
Economist Dale W Jorgenson declares that India is doing "very, very well" and forecasts that India might continue to outrun world economies, including China over the next many years.
If nothing is done, the country is set to become 83 per cent energy-import-dependent by 2040.
Of the 20 deaths reported in the last 24 hours, eight were from Maharashtra, three each from Gujarat and Madhya Pradesh, two from Jammu and Kashmir and one each from Punjab, Uttar Pradesh, Karnataka and Tamil Nadu.
A smart grid is an electrical grid, which includes a variety of operational and energy measures, including smart meters, smart appliances, renewable energy resources and energy-efficiency resources.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
Govt is likely to find it hard to meet deficit target next year.
Boost to dairy sector will generate jobs
The decision to not attend the forum attended by 28 heads of state and 130 national delegations is a clear break from its usual policy of going along with the crowd.
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
Modernisation of Madrasas is in line with Prime Minister Narendra Modi's plan that he laid out in run-up to Lok Sabha elections in 2014.
Exports to Europe shrank by near 2 per cent in the 11 months.
With Beijing having had a profound rethink on India's admission as a full member of the Shanghai Cooperation Organisation, the tectonic plates of the geopolitics of a massive swathe of the planet stretching from the Asia-Pacific to West Asia are dramatically shifting. That grating noise in the Central Asian steppes will be heard far and wide -- as far as North America, says Ambassador M K Bhadrakumar.
MGNREGA scheme: A significant Rs 17,370.58 crore has been carried forward over to the next financial year as unpaid dues as demand for work continued unabated for the scheme in rural areas.
India was ranked 12th among the large economies in 2008, and moved up to 10th by 2013, overtaking Canada and Spain.
The Congress and JD-S have made much of Amit Shah's remarks about milk co-operatives. 'If the Opposition harps on the statement, it could add to the narrative that Gujarat was trying to take over Karnataka.'
Analysts have started talking about at least a 25 bps cut immediately.
Gains were led by index heavyweights with Reliance Industries contributing the most.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
Even as Union ministers allay misgivings over Agnipath, figures show a meagre 2.4 per cent of the ex-servicemen who applied for a government job could get one as the Centre and the states have been unable to recruit against the reserved quotas. Public sector undertakings (PSUs), ministries, and officials of Sainik Boards have blamed it on the lack of skill among ex-servicemen. They say veterans' inability to qualify in selection exams is one of reasons for this. Also, non-recognition of qualifications obtained from the military are reasons why their recruitment has remained significantly low, pushing them towards low-skill jobs.
