Asian stocks sagged on Monday, with risk sentiment dampened as Shanghai shares wobbled after the Chinese markets resumed trading following a four-day long weekend.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
Goyal also announced hiking of tax free gratuity to Rs 30 lakh from existing Rs 20 lakh for employees having service of more than five years.
The NDA government was initially reticent about fleshing out its economic strategy for the future. But now that it has taken enough bold initiatives on the economic front it must have the confidence to tell us more about its approach going forward, says Abheek Barua.
The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.
Though buses and trains plied normally in Bengal and TN, office attendance was less.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
Around 20 lakh pensioners to benefit from govt new pension scheme.
Whatever the claims about the new GDP numbers being technically superior to earlier estimates, their public credibility depends on their passing some reality checks, argues T N Ninan.
RBI may hold rates steady as economic parametes are going strong, say experts.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Slowing inflation prompted the RBI to cut the policy repurchase rate last month by 25 basis points to 6.50 percent, the lowest since 2011.
Workers had stopped production lines to protest a delay in salary hikes after 10 months of negotiations.
The increase in commission - which is normally passed on to consumers - is expected within a couple of weeks.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
HMT Watches has been making losses for the last 15 years.
Retail inflation has eased from double digits in 2013.
India is still the best story in major emerging markets from a 5-year perspective.
The HSBC/Markit Purchasing Managers Index for the services industry inched up to 47.2 in November from 47.1 in October, the fifth sub-50.0 reading and indicated an output contraction across the Indian service economy.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
He also affirmed that over time, as the government finances improve, the SLR will be brought down further.
To meet the target, agriculture must grow at 15% compared to average of below 2% over the past four years
Here is a look at May's background, career and personal life.
Data on the real value of the currency against other currencies tells a different story.
Many things could play spoilsport for the Indian economy.
Whereas the headline growth rate appears very respectable, India needs faster to growth to generate jobs.
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.
In 2015, foreign investors slowed net buying of Indian equities.
No Indian auto brand (including Tata or Mahindra) is well-known globally.
'The government must keep bad news out of the newspapers. If you have news about a fight everyday, it is not a climate where investment takes place.'
Global growth, according to IMF, likely to be lower at 3.3%
The fact that the US recovery needs an elaborate defence suggests that things are far from certain.
Devangshu Datta highlights the silver lining for the long-term investor.
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
There is uncertainty in most investors' minds as to whether China is transitioning to a new growth model or simply collapsing.
Congress vice-president Rahul Gandhi has called a meeting of chief ministers of party-ruled states to chalk out the party's strategy in the run-up to the general election. The leaders would focus on setting up of Lokayuktas in a time-bound manner in states and curbing food inflation.
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
The Survey shows fiscal consolidation despite slowdown in growth.
India has been a core portfolio holding for emerging market funds.
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