The overall market breadth was negative as 1,974 stocks have declined against 786 advancing ones, on the BSE.
'More a show that you are doing something in the Budget even if that something never actually comes to pass,' notes Nitin Desai.
'A balanced head plus heart approach would be a full opening up of the economy including manufacturing and internal travel in the country but excluding COVID-19 hotspots,' recommends Jaimini Bhagwati.
This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre's share, which means devolution will be for 28 states compared to 29 earlier.
United States President Barack Obama on Tuesday vowed to focus on job creation and faster economic growth as the US senate passed the debt ceiling bill to avert a major economic crisis at the last moment.
Obama took this decision to address the nation -- his seventh prime time address -- after weeks of negotiations with the Republican leaders failed to arrive at an agreement on resolving the issue of increasing the debt ceiling, failing which the US could default on its international obligations and could have devastating consequences on the American people, besides its adverse impact on global economy.
Central Intelligence Agency chief Leon Panetta has confronted Pakistan's military leadership with evidence of collusion between militants and security officials in the country, causing fresh strains in the troubled United States-Pak ties.
This is the fifth straight cut in rates by the Reserve Bank of India in as much policy reviews in 2019, and takes the total quantum of reductions to 1.35 per cent.
RBI Governor Raghuram Rajan said that consolidated fiscal deficit of the Centre and states rose to 7.2 per cent in 2015 from 7 per cent in the previous year.
India plans to keep its fiscal deficit within 3.9% of GDP.
Finance Minister Arun Jaitley on Wednesday said for the first time fiscal deficit target will be met without budgetary cuts.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
India's growth outlook has weakened sharply this year, with a crunch that started with the non-banking finance institutions spreading to retail businesses, car-makers, home sales and heavy industries.
India should be satisfied with the outcome of the recently concluded G20 summit in Toronto since its argument against a quick withdrawal of stimulus measures by developed nations had, to an extent, been accepted, according to US economic experts.
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
In a global economic outlook, released Wednesday afternoon, the Paris-based grouping warned: "With inflation remaining elevated and the recovery appearing to have taken root, there is a risk that price increases for inputs will flow through to second-round increases and that inflationary expectations will become destabilised.
The Tories and Liberal Democrats edged closer to a deal on coalition formation that might result in Conservative Party leader David Cameron enter Downing Street, even as reports emerged that United Kingdom Premier Gordon Brown had launched a last-minute bid to woo kingmaker Nick Clegg. Cameron appeared confident of winning Lib Dem leader Clegg's support after continued negotiations on Sunday night for a belt-tightening economic plan.
Lower reduction in fiscal deficit is to stimulate demand in a weak economic environment post demonetisation.
Budget 2010 went far beyond most recent Budgets in that it defined an entirely new paradigm for the Indian economy.
Budget 2010 went far beyond most recent Budgets in that it defined an entirely new paradigm for the Indian economy.
Given the tight control on expenditure the finance minister has exercised and how niggardly the increases have been on flagship programmes - Bharat Nirman has risen from Rs 32,473 crore (Rs 324.73 billion) to Rs 35,953 crore (Rs 359.53 billion) and employment guarantee from Rs 39,100 crore (Rs 391 billion) to Rs 40,100 crore (Rs 401 billion) - it's natural to wonder whether the deficit reduction targets are for real.
'Should the most important part of economic reform not comprise the way we look at the fiscal deficit?', asks T C A Srinivasa Raghavan.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
Moody's said the government will face challenges in achieving its deficit target for the fiscal year ending March 2021, amid persistent structural and cyclical headwinds to growth.
India's merchandise exports in February shrank for the 15th straight month on continued weak demand from Europe, the South Asian nation's biggest market.
Among the current FTAs with significant trade deficits for India, five are with countries from the 10-nation Asean bloc. Exports to the 10 economies stood at $ 37.4 billion in 2018-19, up by 9% year on year. On the other hand, imports were higher at $ 59.31 billion, up by 25% from the previous year's $ 47.13 billion.
'India has got a large collection of world-class companies, extraordinary entrepreneurs, well-developed markets and an educated workforce that will act in its favour. What's been missing between this micro and macro is political impetus to reforms. The recent election changes the prospects for reforms,' says Stephen S Roach, chairman, Morgan Stanley Asia.
'Since the growth is not fast enough to provide jobs for the young, the fallout will be political and social,' warns T N Ninan.
The opposition party also claimed that the Modi 2.0 dispensation has turned out to be an "economic and political disaster" and "constant rollbacks" of economic decisions will lead to worsening of the economic situation.
IMF believes it is mostly cyclical, not structural, but because of the financial sector issues, recovery will be not be quick. IMF said, it saw an opportunity with the strong mandate of the new government to reinvigorate the reform agenda to boost inclusive and sustainable growth.
The GDP has been estimated at Rs 126.54 lakh-crore (Rs 126.54 trillion).
Monetary policy easing, coupled with the relaxation of lending rules and greater election-driven fiscal spending in the first quarter of 2019, will provide some support to growth during the first half of 2019-20 fiscal
India is not so worried about meeting fiscal deficit target.
Bimal Jalan, has recommended to the government that it cut fiscal deficit to 3.6 per cent of the GDP during 2015-16.
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The government on Tuesday raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel but retail pump rates will not be increased as oil firms decided to absorb the duty change for the time being.
He did not believe in any fiscal puritanism. In 2012, when it was almost certain that the government will breach the 2012-13 fiscal deficit target, he wrote that in abnormal times, abnormal measures are required to get back to normalcy.
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