The market, for now, is in the grip of raging bulls
Even if the Modi government leaves things as they are food inflation will remain sticky thanks to a poor monsoon, the fiscal deficit will worsen and India will spiral towards a ratings downgrade.
According to the FirstBiz-Greyhound Knowledge Group SME Survey 2014, SMEs from Tier-2 and Tier-3 cities find it harder to access suitable technology when compared to those from Tier-1 towns.
A survey conducted by Firstbiz and Greyhound Knowledge Group found that ease of credit access and quick finance continues to be among the top concerns of most SMEs.<br />
According to a survey done by Firstbiz and Greyhound Knowledge group, Indian SMEs find starting and running a business difficult because of the prohibitive business climate. For this year's budget, what SMEs really want is a flexible regulatory policy.
The Firstbiz-Greyhound knowledge group survey of SMEs found that most small companies are unable to take advantage of government initiatives launched for them either because of they were unaware of them.
"I am keen to see if there will be any policy guidance about use of information technology for inclusive growth especially in the areas of better citizen services delivery and governance," Microsoft India Chairman Bhaskar Pramanik.
Markets were also eyeing developments in the second-biggest consumer India, where the new government is expected to cut a record high import duty on gold at the budget to be presented today.<br />
Finance Minister Arun Jaitley will present the budget for the 2014/15 fiscal year on Thursday, after his Bharatiya Janata Party won a landslide victory in May to form the first majority government in three decades.<br />
The promise is only that achche din aane wale hain. There has been no specific date attached to the statement.
The first budget of the Modi government will be out on July 10. Firstbiz spoke to head honchos across industries to know their expectations from Union Finance Minister Arun Jaitley's first budget.<br />
The first budget of the Modi government will be out on July 10. Firstbiz spoke to head honchos across industries to know their expectations from Union Finance Minister Arun Jaitley's first budget.<br />
The first budget of the Modi government will be out on July 10. Firstbiz spoke to head honchos across industries to know their expectations from Union Finance Minister Arun Jaitley's first budget.<br />
Chidambaram may explain why economic growth slowed to a decade's low of 4.5 percent in 2012-13 and outline steps taken by the government to put India back on a high-growth trajectory.<br />
Will P. Chidambaram, who has of late been preaching the virtues of fiscal consolidation, eschew a blatantly populist approach? Or will he take that road, knowing full well that he will not be there to face the consequences?
The next government has to have a huge agenda of cleaning up the mess when the UPA leaves. From cleaning up budgeting practices to getting rid of the welter of schemes, it has its work cut out
The Finance Minister has delivered his vote on account budget speech but here's a ready decoder for it.
Here's some bad news for India's super wealthy: The ten percent additional surcharge on income tax for those earning above Rs 1 crore -- the "super-rich" tax -- has been extended from FY14 to FY15. This was announced as a one-year charge in last year's budget but now it is not.<br />
The automobile sector is ailing because of lack of demand and that has to do with inflation more than anything else. Will people start buying more cars just because prices are down when prices of other essential items, notably food, continue to be at rather elevated levels?<br />
: This budget's numbers are highly spurious and will not be achieved without a massive tax raising scheme by the next government, or large asset sales or privatisation.
A Rs 10,00,000 crore stressed assets problem is being palmed off with just Rs 11,200 crore of recap funds
It isn't a good idea to meet regular expenditure by selling assets. How many people you know survived for long by selling their home, their car and other assets that they owned, to meet their daily expenditure?
Chidambaram has played the UPA's final card. Unfortunately for him, he was saddled with a losing hand
In his eight-line speech on illegal offshore bank accounts held by Indians, Chidambaram said the government has launched prosecution against 17 cases for "wilful tax evasion" and obtained information in 67 other cases.