India has taken a bet on the fiscal front. The risk may need to be balanced by not reducing the interest rate in next three to six months
The new set-up will help the RBI escape from the mud-slinging from the finance ministry every time there is rate hike, but will also reduce its powers
The RBI is still trying to understand the new system of computing GDP, but a 7.4 percent GDP expansion makes India one of the fastest growing large economies in the world, he said.
If the government has to succeed in meeting at least 60 percent of the target, it has to keep the FIIs in good stead
The Elephanta Caves near the city is set to get a much needed facelift thanks to the Union Budget.
The 30-share index rose further by 209 points, or 0.71 per cent, to 29,570.50.
The NDA has been lucky as inflation is trending downwards and overseas gold prices are also falling. But Jaitley seems to have missed a chance by not cutting gold import duty
Arun Jaitley has redeemed himself with his second budget, after the failure of the first one to set the Yamuna on fire. This one sticks to the path of "creative incrementalism" and should deliver results over the medium term
Finance Minister Arun Jaitley decides to plump for growth, eases fiscal deficit target to push public investment; significant reforms on black money, ease of business and entrepreneurship
The budget fails to address the urgent requirements in the healthcare sector
The FM has taken heed of the global slowdown and the inherent opportunity and risk that lie there
The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean"
The Budget may have plenty of positives from a 12-month perspective, but it will no longer be a talking point for the market beyond the next couple of weeks
Finance Minister Arun Jaitley’s Budget 2015-16 delivers a raw deal to the agriculture sector, seems to be the consensus view among bodies representing farmers.
Some may consider this a pro corporate budget but in reality it is a budget for growth, savings, industrial development and for the middle class.
Indians holding black money abroad will be given a last chance to disclose their overseas bank accounts or wealth to the government and avoid a jail term.
Budget 2015-16 is good for corporates not by being too generous to them, but by bringing policy clarity and continuing on the path of making business easier to do. P Chidambaram is wrong to claim corporates are major gainers from tax cuts.
US-based think-tank Moody's today said India's sovereign rating will not be impacted by the delayed fiscal consolidation programme announced in the Budget 2015-16.
“This was probably the first budget where the FM concentrated more on the long-term measures than simply talk numbers about the sector.