'The Insolvency and Bankruptcy Code is neither beneficial to banks nor helpful for the borrower.' 'Genuine people who are caught in economic stagnation will lose everything and thousands will lose jobs.'
The Budget allocated an increase in allocation for MGNREGS, LPG expansion, electrification & smart panchayats.
Finance Minister Arun Jaitley said the actual spending under the scheme in the fiscal year ending March 31 "would be highest".
About Rs 15 lakh crore of high-value notes were scrapped, against which RBI has managed to supply roughly Rs 4 lakh crore worth of notes in the market so far, Anup Roy/Business Standard reports from Mumbai.
Congress chief spokesperson Randeep Surjewala released a list of 55 persons who lost their lives while standing in queues at banks and ATMs in the wake of demonetisation and demanded compensation to their families besides probe into their death.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
Globally, jewellery buying fell 14%, investment slid 11%.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Sensex climbs higher at close, bluechip stocks in focus.
Businesses that either take local communities for granted or see them as an obstacle to be 'managed' are skating on thin ice.
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
Weak monsoon forecast rekindled fears of higher inflation.
Almost half of that market is in India's villages.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
'How can you ask the common man alone to suffer when the rich is not doing any sacrifice?' 'To take out 10% of black money, you are punishing 90% of the public who have genuine white money.'
Agri experts are meeting FinMin ministry officials on Monday to give their inputs on the Budget.
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
As Modi completes a year in office, his cuts in federal welfare spending on the poorest of India's 1.25 bn people are coming in for sharp criticism.
Increase in taxes on luxury cars will not have any effect on the demand
India must first improve working condition, then it can concentrate on Make in India concept.
As he took oath of office on Sunday night, Nara Chandrababu Naidu has earned a unique distinction of becoming the first chief minister of a new state in addition to being the longest-serving CM of Andhra Pradesh.
Whether India can create labour-intensive factory jobs instead that it needs to put millions to work in the next few years looks very unlikely.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
'Markets should be driven more or less by earnings growth.'
The President talked about demonetisation, electoral reforms and disruptions in Parliament.
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The last batch of post-riot refugees are stuck between the government and camp patrons who have gone from being benefactors to opportunists, says Sreenivasan Jain
Arun Jaitley had a tough fiscal hill to climb.
In the year since UPA went out, the GDP has grown a mere 0.5 per cent, but this government claims a healthy GDP growth of 7.4 per cent allowing it to ecstatically claim outpacing China, says Mohan Guruswamy.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
In the absence of a conducive environment, India should not show any "hurry" to hold talks with Pakistan when Prime Minister Manmohan Singh visits New York later this month, BJP president Rajnath Singh said.
'When I met the prime minister on November 15 there was no RBI report with the prime minister as to why this was done.' 'When I asked the PMO officer about this, he said the RBI did not bring this to the PM and did it independently.' 'When I asked how could the RBI ban DCCBs from accepting deposits from farmers in old notes when the government gazette released on November 9 allowed them to do so, this officer told me that not even senior PMO officials had any idea about this RBI ban.'
'Even with the restrictions of depositing more than Rs 2.5 lakh in a bank, people will find new methods to convert this cash hoard into legal tender.'
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
President Pranab Mukherjee talked extensively about the forthcoming Lok Sabha polls and the role of lawmakers during his address to the nation on the eve of Republic Day.
Here's the full text of Prime Minister Narendra Modi's address to the United States Congress.
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