Jaitley's Budget has the potential to change the face of Modi's Bharat
'The Congress has indeed become overly dependent on the RJD.' 'A few Congress leaders have successfully convinced the national leadership about the benefits of maintaining ties with the RJD.'
Stocks and sectors impacted most by GST.
'Tax cuts will have only marginal effects in the short run and significant positive effects in the medium term,' says Shankar Acharya, former chief economic adviser to the Government of India.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.
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The Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Financial assets make a comeback as returns on physical assets falter.
If Modi's truly a reformer and a believer in minimum government, he would bury the Vodafone ghosts now. He would also then go to Bihar, campaigning on his politically controversial reforms. Both will need him to dip deep into his accumulated political capital and risk it, suggests Shekhar Gupta.
The Prime Minister's visit to Japan reinforces the strategic focus of global partnership between India and Japan.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.
We still have time for this government to take action.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
If the Centre and states are keen on spending more to meet the COVID-19 challenges in the coming year, they must bear in mind the need to raise more resources through taxes and non-tax revenues, suggests A K Bhattacharya.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
'Many of those who invested in NCD issues are those who traditionally put their money in fixed deposits...'
'Else they will form a growing 'hospital sector' -- and the taxpayer will be asked to pick up a mounting bill,' warns T N Ninan.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
'Modi skillfully navigated Trump's ego and pushed the right buttons.' 'Critics assailed Modi's speech for its personalism, but in the Trump era this is par for the course.'
Anmol Ambani, the eldest son of industrialist Anil Ambani, has lashed out against a new round of lockdowns being imposed amid the surge in COVID-19 cases, saying such restrictions do not concern health but control and that they destroy the very backbone of the society and economy. The 29-year-old former executive director of Reliance Capital Ltd in a series of tweets lambasted the new semi-lockdown rules hurting small businesses and daily wage earners. "Professional 'actors' can continue shooting their films. Professional 'cricketers' can play their sport late into the night. Professional 'politicians' can continue their rallies with masses of people. But YOUR business or work is not ESSENTIAL. Still don't get it?" he said in a tweet.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
An astrologer told Ramesh Menon that he was increasingly having worried parents asking him about the future of their children who were showing serious behavioural changes like lack of tolerance towards others, shunning social interaction, and even violent behaviour. They were worried because they had never ever seen such traits in their children before the pandemic.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
Experts say the stock market correction in recent times increases the risk-reward in favour of large-cap stocks.
Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.
Prices in most areas have been stagnant but some regions are showing reasonable appreciation.
These banks need to build a significant deposit base to start full-fledged banking.
India's finance minister has emphasised that "it is the real economy that is going to matter.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
It was women who unambiguously bore the brunt of the lockdown joblessness, says Kanika Datta.
The majority in the markets believe that a September lift-off is likely.
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