The FinMin has built up a cash surplus of about Rs 80,000 crore.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
Unless the poor get richer, the domestic market is going to be considerably stalled, says Shikha Dalmia.
Morgan Stanley on Monday raised India's growth forecast for the current financial year to 5.4 per cent from 5.1 per cent projected earlier citing better than expected GDP growth in the September quarter and stabilisation in non-agriculture growth indicators.
Equity fund managers' other favourites are software stocks followed by pharma, finance and consumer non-durables
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
By 2015, it expects, the growth rate of China would be 7.9 per cent and that of India 7 per cent.
Corporate India's growth in the quarter ended June was the slowest in years and profitability has never been under more stress.
Accusing the Bharatiya Janata Party of trying to subvert India's growth story, Union HRD minister Kapil Sibal on Wednesday said the party was suffering from 'paralysis' as it was not allowing Parliament to function, returning the barb directed at the government by the opposition.
Unless we bring about substantive changes, we cannot expect to alter the current situation where low-productivity and low-wage jobs dominate the landscape, the government think-tank observes.
Global financial services firm Nomura has sharply lowered India's growth forecast for this fiscal to 5.8 per cent, way below the government's projection, saying the country's monetary and fiscal policies are at loggerheads.
The Indian economy has been plagued by several crises in the last few months. Yet, the nature of India's national conversation of late has been such that it does not adequately capture their complexity and potential for harm to the economy.
India had been growing around 8-9 per cent before theglobal financial meltdown of 2008. The growth rate in 2011-12 slipped to nine-year low of 6.5 per cent.
Indian governments enjoy brief periods of autonomy before politics take over.
India and China are seeing economic slowdown while growth momentum is losing steam in most of the developed world, says Paris-based think tank OECD.
The government is the biggest consumer and investor in the economy. And once it starts cutting back on expenditure to bring down fiscal deficit, it will affect corporate earnings.
Potential growth in India is 8 to 8.5 per cent, says Kalpana Kochhar, World Bank's Chief Economist for South Asia.
High fiscal deficit and debt ratios remain one of the biggest constraints.
According to the author, these ideas will change the way entrepreneurs think and succeed in their ventures.
The three main reasons behind the cautious optimism about Indian economy include, first, weaker rupee which will boost net exports, secondly, the government's reforms will provide a quick boost to business confidence, and thirdly, the previous rate rises should support investment and durables consumption.
HSBC cut its GDP forecast for the year ending in March to 5.2 per cent from 5.7 per cent, and its forecast for the next fiscal year to 6.2 per cent from 6.9 per cent, according to a report released on Thursday.
Asia to stay flat in 2017. India is better-placed given its low export dependence and it should outperform Asian peers this year says Mixo Das, India strategist for financial major Nomura
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday pegged India's growth this financial year at 6.5-7 per cent. He added the country had taken various steps to boost investment, the results of which would be seen in six months.
Vikas Khemani, President & Head-Institutional Equities, Edelweiss Securities, feels Finance Minister Pranab Mukherjee could really make Union Budget 2012-13 an important one.
The government's indication of a $1-trilion Twelfth Plan signifies a potential $455 million construction and infrastructure opportunity over FY12-17.
'Indian and Iranian sources both confirmed to me that India and Iran are moving ahead to implement a payment system on buying oil from Iran and hope to finalise it very soon,' says Aveek Sen.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
The ugly underbelly of the policies of economic liberalisation followed over the last two decades has been crony capitalism at its worst.
The markets ended lower amid a volatile trading session on Monday after profit taking was seen across the board because of growth concerns.
The nine per cent growth of United Progressive Alliance-I was an aberration.
The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.
India's finance minister Pranab Mukherjee is all set to become the next President of the country.
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
RBI's policy stance must address concerns over slowing output
The prime minister thanked Trump for the welcome.
There hasn't been a single confidence boosting measure by the government in the recent years.
Ringing Bells will start with the assembly of handsets in Phase-I.
'The economy may not improve unless you admit there are some problems.'
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