IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains.
Vice President M Venkaiah Naidu said in Amaravai on Friday that certain forces were conspiring to damage the sovereignty and integrity of India by provoking internal strife and expressed anguish over some recent incidents in different parts of the country.
Ron Somers, founder and CEO of India First Group and the former President of leading business advocacy group US-India Business Council said that when Lok Sabha election results are declared on June 4, "I believe that Narendra Modi will win Parliament by the largest majority ever recorded in the country's history.
'If we don't want to be the poorest large economy even in 2030, we need to be doing very much more than is being attempted.'
The agency said announcements by Modi and Finance Minister Arun Jaitley after government formation 'signal a strong intention to pursue reforms'.
The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.
S&P earlier this week had said India faces 'one-in-three' chance of rating downgrade in the next two years
Structural reforms, pro-people programmes and employment opportunities helped the economy get new vigour, the finance minister said. After contracting by 5.8 per cent in 2020-21, the economy recorded a growth of 9.1 per cent in 2021-22.
The report on the Economic Freedom of the States of India is the latest in a series of annual surveys on the economic freedom of Indian states, which started in 2004. The latest report takes 2009 as the period under review.
The two governments have already set a target of increasing bilateral trade in goods and services to $500 billion.
Why is the Bharatiya Janata Party opposed to FDI in retail? A day after promising to scrap FDI in retail, the BJP set about fine-tuning its line to ensure it did not fall foul of the middle-class.
But use of that word -- privatisation -- is not encouraged. This seems to be a classic case of reforms through subtle signals, observes A K Bhattacharya.
Finance Minister pegs 2011-12 growth at 8.6 per cent, expects inflation to fall to 6-7 per cent by end of the financial year.
Nearly eight out of 10 Chinese, who took part in a national poll said they believe China should stay on the path of political reform while according top priority to stability to avert a collapse similar to that of the erstwhile Soviet Union in 1991.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
They said the agency is also taking steps to bring under its ambit cases registered in various states by the police.
India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.
The 54-page document tabled in Parliament detailed how the Modi-government pull the economy from being counted among the most fragile-five in the world to being the fasted growing and the most attractive investment destination.
The economy is projected to clock 7.4 per cent growth.
The PFRDA is engaged in consolidating the initiatives taken so far regarding the full New Pension System and expanding the reach of distribution network.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
Noting that the economic crisis had underlined an urgent need for reform in the international financial structure, member of parliament Saifuddin Soz called for a greater role for developing nations in norm-setting and decision-making bodies like the International Monetary Fund.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
