However, Icra Rating Principal Economist Aditi Nayar feels that the numbers are a bit too optimistic and need real heavy-lifting by the Centre and the states. "The survey forecasts on real and nominal GDP will require a substantial push from Central and state spending as private sector capacity expansion is anticipated to be intermittent, and sector-specific in the next couple of quarters," she said. Nayar added that private consumption is likely to chart a differentiated recovery across income and age groups. Based on the comments made in the Survey, she expects the Union Budget to incorporate a growth in gross tax revenue of 15-16 per cent.
The firestorm that Kangana Ranaut kicked with her comment that the Independence India won in 1947 was bheek intensified on Friday with leaders from the Bharatiya Janata Party and other parties demanding action against the actor even as a complaint was filed against her while some people took to the streets to burn her effigies.
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance. On the other hand, Bajaj Auto, Hindustan Unilever, UltraTech Cement, TCS, Bajaj Finserv and Infosys were the gainers.
Many industry executives have said the draft e-commerce policy is being perceived as nationalistic but not overly protectionist and it is providing preference to Indian players against foreign companies. This might have an impact on investment by large players such as Walmart and Amazon in the country, said the executives. They said e-commerce was a very small portion of the retail industry and at a nascent stage and did not require heavy hammer regulations. Though the policy talks about being equally applicable to foreign and domestic players, it mentions that foreign direct investment (FDI) takes precedence over the e-commerce policy in any area of overlap.
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and the projects the government has announced.
Schools and colleges are set to reopen on Monday in three adjoining districts of Chennai, Kancheepuram and Thiruvallur after remaining closed for nearly ten days in view of the monsoon fury.
The Prime Minister will formally launch the Rashtriya Kaushal Vikas Yojana and the National Skills Mission on July 15
Maruti Suzuki, Hyundai and M&M draw visitors with a range of concept cars.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
From Jammu and Kashmir to Andhra Pradesh, consumers are facing power cuts ranging from 2 hours to 8 hours.
The seventh round of talks between protesting unions and three central ministers ended inconclusively on Monday as the farmer leaders insisted on the repeal of the three contentious farm laws right from the beginning, even as the government listed various benefits from the Acts.
Once completed, the 10 reactors of 700 MW each will give much needed fillip to the domestic nuclear industry.
Prime Minister Manmohan Singh has asked administrative ministeries to work out viable plan for disinvestment of BHEL and Coal India, including dividend payment, so as to achieve Rs 40,000 crore (Rs 400 billion) target in the current fiscal.
'Was an NDA meeting held to decide if the Shiv Sena has to be removed from the NDA?'
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
The corridor is expected to attract around Rs 1,250 billion investment and create 4,00,000 jobs. It will start from Mysore, pass through Bengaluru in Karnataka, to connect with Chennai, Coimbatore, Salem and Tiruchy in Tamil Nadu.
With just a week left for the Fadnavis government to prove its majority in the Maharashtra assembly, Bharatiya Janata Party and Shiv Sena are yet to resolve their differences over terms for the latter's participation in the ministry, deputy chief minister's post being one of the sticking points.
Manufacture will soon be stopped at Bangalore and Tumkur in Karnataka and Ranibagh in Uttarakhand.
KAPP-3, the country's 23rd nuclear power reactor, is a 700 MW Pressurised Heavy Water Reactor (PHWR) designed indigenously, the NPCIL said in a release. The components and equipment for the reactor have been manufactured by Indian industries, and its construction was undertaken by various Indian contractors, it said.
In her four-page resignation letter addressed to the prime minister, she said, 'In view of the decision of the government of India to go ahead with the Bill on the issue of marketing of agricultural produce without addressing and removing the apprehensions of farmers and decision of my party, Shiromani Akali Dal, not to be a part of anything that goes against the interest of farmers, I find it impossible to continue to perform my duties as a minister in the union council of ministers.'
Modi seems to have an innate faith in his capabilities to handle the myriad challenges confronting the nation and would rather manage the affairs of the nation as a CEO would of a large industrial-business empire, observes Virendra Kapoor.
Official sources said Mangaluru city witnessed 'unforeseen' rainfall, flooding roads, damaging shops and houses.
Move follows Tata Steel decision to sell its loss-making businesses in Britain
The NCP leader said that he will be happy to cooperate with the ED so that the agency understands the "complexities" of the aviation sector.
The prime minister is likely to talk about its possible extension.
Obama said he wants to boost the use of natural gas in transportation
Many political detainees have been released but former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti, who were whisked into custody in the early hours of August 5, 2019, are still in preventive detention.
'And because she was very close to Indira Gandhi, she was close to me.' 'Sonia is a wonderful person'
'The Hindu electorate is more or less in the BJP defined space now.'
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Carmaker meets govt; agrees to give evaluation results by Nov-end.
To ease pressure due to the coronavirus lockdown, corporate have asked banks and the government for a six-month liquidity line, so that they can pay off their suppliers and employees.
'India has an advantage because we produce more cotton and we have more workforce.'
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Amid mounting criticism of poverty reduction estimates by the Planning Commission, Congress leader Digvijay Singh on Saturday joined Union Minister Kapil Sibal in questioning the criteria for fixing poverty line.
The transition from the state into two Union territories of Jammu and Kashmir, and Ladakh on Thursday was met with a complete shutdown in the the valley as shops and other business establishments were shut, and public transport were off the roads.
'Do we not all exhibit a sense of entitlement every day,' asks Savera R Someshwar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The combined net sales of 42 listed construction and capital goods companies that have declared their third-quarter results so far were down 2.3 per cent year-on-year in Q3FY21 while core operating profit was up just 4.9 per cent YoY during the quarter.
