The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
The defence minister also said that India attaches importance to peaceful resolution of differences through dialogue and is committed to respect various agreements inked for maintenance of peace along the borders.
DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders.
The government on Wednesday said any attempt by China to set up a hydropower station on the Brahmaputra river will act as an encroachment on the entitled rights of lower riparian states like India and Bangladesh and adversely affect the availability of water in its basin during the lean season.
India and Indians can ignore Pakistan, but that cannot be said of other nations in the neighbourhood, where New Delhi's 'Neighbourhood First' policy constantly reverberates. Four of the eight SAARC member-nations are Muslim -- Afghanistan and Pakistan, Bangladesh and the Maldives. The rulers decide the nation's India or anti-India policy in the first two, and street-opinion contributes to the same in the latter two, points out N Sathiya Moorthy.
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
BSE's business was hurt as NSE blocked the flow of orders generated using its co-location facility to other exchanges, purportedly on security-related issues. The dispute between both the exchanges had reached Sebi and the finance ministry.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'There has been far too much overconfidence about the size and composition of the Indian consumer economy,' notes Mihir S Sharma.
'The Chinese fault lines are tremendous and we need to exploit them.'
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
The first Qantas domestic flight took off from the airport in Melbourne with passengers cheering as boarding began after the airline was grounded on Saturday following series of union issues.
'India cannot allow Beijing's policy of stabilising and destabilising the border at will to perpetuate its own ends.' A riveting excerpt from Manish Tiwari's 10 Flashpoints; 20 Years National Security Situations That Impacted India.
Modi's Made in India dream takes a beating
While Prime Minister Modi grapples with serious matters of State so very successfully, may I urge that he focus just a bit of attention on the economy, says Manoj Mohanka.
Barcelona have no plans to re-sign Neymar from Paris St Germain, the club's vice-president Jordi Cardoner said on Friday, knocking down media reports the La Liga champions were ready to tempt the Brazilian forward back to the Nou Camp.
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
The momentum created by the landslide victory of the ruling party should be utilised to carry forward reforms in the legal field, says M J Antony.
Experts said the tensions have added to a sense of apprehension in the United States, Europe and parts of Asia that China will engage in more aggressive behaviour in pursuit of its territorial interests, which in turn has raised the possibility of a serious and coordinated pushback by leading global players.
Top losers include ONGC, SBI, PowerGrid, L&T, Yes Bank, Asian Paints, Bajaj Finance, Maruti and NTPC, falling up to 2.84 per cent. On the other hand, gainers include Tata Motors, TCS, HDFC, HCL Tech, Infosys, ITC, HDFC Bank and HUL, rising up to 2.18 per cent.
For two months now, a political party and its accompanying media ecosystem has too often been unwilling to tell their followers the truth -- that this was not a particularly close election and that President-elect Biden will be inaugurated on January 20, he said.
The Save Indian Family Foundation, a men's rights organisation fighting against misuse of marital laws and domestic violence act, on Monday, voiced its concern over section 498 A (harassment) of IPC being filed against Pakistani cricketer Shoaib Malik and reiterated its demand for scrapping it.
Appreciating rupee against the dollar and fresh buying by domestic institutional investors added to the momentum
Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.
'Post the pandemic, when India is turning a new leaf in its economic policy with an eye on foreign capital and global supply chains that are likely to leave China, heightened tensions on the India-China border creates an atmosphere of uncertainty,' observes Virendra Kapoor.
'Surprised and pained that my name has been dragged into Indian domestic politics,' says Pakistan's former foreign minister Khurshid Mahmud Kasuri.
Smoothly juggling Sandhya's curiosity and closure until her moment of awakening, Sanya Malhotra is emerging into one of the finest actresses of this generation, observes Sukanya Verma.
In a presentation prepared for the incoming Narendra Modi-government, the ministry listed national oil companies losing focus on domestic exploration as well as legal disputes around signed contracts with private explorers among the five things that went wrong during the United Progressive Alliance regime.
The broader NSE Nifty climbed 61.60 points, or 0.58 per cent, to close at 10,772.05.
Terming the controversial pull-out by West Indies midway their India tour as "unacceptable", the ICC has warned players against taking contractual matters into their own hands and hinted that they could be penalized by disallowing them to play in domestic tournaments like IPL if they repeat such acts in future.
The political-electoral calculus favours spending thousands of crores on vanity projects like Sardar Patel's statue and the Central Vista over building up our military to handle the confrontations and conflicts that loom large, points out Ajai Shukla.
Although the government has come out with a fiscal stimulus package to boost industrial growth and economy, it is unlikely to have perceptible impact in the short run and raise business confidence, which has led to layoffs, partial and complete closure of plants and termination of joint ventures, especially those involving foreign partners.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
'If a 'two-front war' develops, Iron Brother may only turn out to be a drag on the PLA, since Pakistan is in no position to wage a war with India,' argues Ambassador M K Bhadrakumar.
Stating that the marriage had "irretrievably broken down", Indrani had sent a divorce notice to Peter Mukerjea in April this year.
Asserting that its demand after Devyani Khobragade's arrest is not unreasonable, India has said the case is not about mistreatment of a domestic employee but rather of US laws being gamed for immigration purposes.
'The world is finally recognising that China is pushing a form of government that many only now are beginning to recognise as problematic'
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