The initiatives announced by Commerce and Industry Minister Anand Sharma as part of the annual supplement to the Foreign Trade Policy are aimed at pushing exports which declined by 1.76 per cent to $300.6 billion during 2012-13 and pushed up the trade deficit to $190.91 billion.
Stability in currency markets was only restored from September.
'Fiscal and monetary space is more constrained in developing countries because of inflation and high borrowing cost.'
'If you yourself don't believe in the product, you will never be able to sell it.' 'If you have got the basics right, if you have understood the consumer needs well, success will always follow.'
India will have to devise policies to ensure overall growth in FY16.
Overall, the budgetis positive for the Consumer Durables & Electronics Industry.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
Global cues may further weaken the yellow metal; imports seen under control after January surge.
Under these regulations, it will be mandatory for new buildings to use green technologies for recycling dry waste and drainage water, vermiculture for treatment of wet waste, solar energy and above all rainwater harvesting.
Investors expect the govt to abolish tax on delivery-based transactions in the cash segment.
On its part, the Reserve Bank of India tried to help exporters by easing some restrictions imposed on holders of Exchange Earners Foreign Currency accounts and by giving effect to the commerce minister's announcements regarding extension of the interest subvention scheme for one more year and for more items.
The government's total public debt in the October-December period in this financial year grew by 3.6 per cent to Rs 40,48,219 crore from Rs 39,06,828 crore in the previous quarter.
The brokerage also pegged 2013-14 growth at 6.9 per cent and at 7.5 per cent for FY'15. It also has one of the highest gross domestic product forecasts for the current fiscal at 5.7 per cent.
From April onwards, the government have sensitised the ministries to live within the Budget.
Those losses, or 'under-recoveries', are of course eventually covered partly by the central government, and are the most potent contributor to India's problems with its fiscal deficit.
According to a CII statement, Godrej mentioned that in the given economic condition, it would have been natural to seek a stimulus including reductions in excise and service tax rates.
The Reserve Bank of India is slated to announce its monetary policy review on January 29, amid industry demand for lowering of interest rates to spur growth.
Budget will get a welcome reception from the international biz.
The 62-year-old spoke for nearly 100 minutes.
Markets ended higher amid a volatile trading session.
Enhanced revenue generation is a priority for the government.
The government is considering a proposal to extend Employees Provident Fund Scheme to all companies with over 10 employees, the Parliament was informed.
He says there are certain aspects, such as export growth, that are impressive.
Senate passed the measure earlier in a rare New Year's Day session and Obama said he will sign it into law shortly.
Financial shares and auto stocks among the top gainers for the day
The broad idea was endorsed by the DoT's internal panel in its report on the Telecom Regulatory Authority of India's recommendations last year on spectrum management and other licensing issues.
The central government will lose about Rs 24,000 crore (Rs 240 billion) of revenue during the current fiscal on account of reduction in customs and excise duties on petroleum goods.
The Reserve Bank left interest rate unchanged.
Only a mix of sterilised currency intervention and capital account management can halt the rupee's rise, says Shankar Acharya.
M R Venkatesh, chartered accountant turned political commentator tells Shobha Warrier/Rediff.com that Modi's war is not against the opposition parties or the Congress but against the bureaucracy and the establishment.
It is not easy to be positive on Indian economy. But it is worth a try to do so this festive season thanks the positive developments of the recent past.
Prime Minister Manmohan Singh said he wanted reduction in the fiscal and revenue deficits, an increase in public investment, and cuts on wasteful subsidies.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
Mr Jaitley should devise methods to attract better talents at the higher level.
One can say that with the host of expenditure plans announced in the Budget, the finance minister has managed not to burden the common man directly with taxes.
Net capital gains from the sector over a full cycle may be more than the gains logged by cyclical sectors.
With inflation topping the government agenda, economists have told Finance Minister Pranab Mukherjee to focus on policies to boost agricultural productivity in the upcoming Budget for 2011-12.
The government has pegged fiscal deficit at 5.5 per cent of gross domestic product for the next financial year, against the revised figure of 6 per cent in the current financial year. The fiscal deficit target for the current fiscal was 2.5 per cent. However, fiscal measures initiated in the wake of the global economic downturn and reduction in revenue collection have impacted resource mobilisation resulting in widening of deficit.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
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