Citing a number of factors, including historic valuations, expectations for monetary stimulus, lower oil prices, and a weak rupee, the investment bank said it is 'overweight on private banks, IT services, and health care, but is underweight on consumer discretionary, energy and materials'.
Governor Rajan can be more unambiguously pro-growth.
Prime Minister Singh has assigned a senior Congress leader to placate the President, who is upset with Finance Minister P Chidambaram, reports Anita Katyal.
Maintaining that security forces were playing an important role in Jammu and Kashmir, Prime Minister Manmohan Singh on Tuesday linked their deployment pattern to the extent of terrorism.
Former Jammu and Kashmir chief minister and Peoples Democratic Party patron Mufti Mohammad Sayeed on Wednesday said that it was futile to expect peace in Kashmir while the government continued to evade real problems.
Asia is rebounding fast from the global financial crisis.
The Budget decides to take the lead in revving up infrastructure.
Budget clearly prioritised growth over fiscal consolidation, said Atsi Sheth, Senior VP, Moody's Investors Service.
The Budget is remarkably coherent.
The allocations for military have been made while outlays on the development and non-development budgets have been slashed by 50 per cent and 20 per cent respectively to create fiscal space for rehabilitating the flood-affected population.
The UN Trade and Development Report 2010, released this week, has said the fundamental causes of the economic crisis have not been addressed and 'remain a toxic threat to stable and inclusive growth and the sustainability of the recovery'.
The German cabinet has approved drastic spending cuts to rein in the national budget despite a stronger than expected turnaround in the economy.
The government's plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Finance minister tries to put house in order before reforms are unveiled in February.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
The International Monetary Fund (IMF) has said the tightening of monetary policy by India is an 'appropriate' step, as the country is faced with high inflation and needs to consolidate the fiscal measures initiated during the slowdown.
The unemployment rate has edged off its recent peak, but at 9.7 per cent, it is still close to its highest level since the early 1980s.
The future looks somewhat bright for the Indian pharmaceutical industry which is wholly into generics. It expects to get a push from the new US legislation bringing into the health-care fold 32 million or 10 per cent of the country's population which is currently uninsured.
Global disinflation has finally caught up with India's high-cost economy.
The top UN human rights official in the country stressed that the root cause of poverty in Afghanistan was human rights violation that took the shape of patronage, corruption, impunity and opting for short-term solutions over long-term developmental goals.
This year's Budget has come at a time when the economy had just begun to recover from the impact of an unprecedented global economic crisis.
What we want from spectrum allocation is access to broadband networks at prices that will result in productivity gains.
Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day.
The Finance Minister promised a 0.6 per cent reduction in the fiscal deficit every year to bring the deficit to 3 per cent by 2016-17 without raising tax rates.
Data show that preferential treaties have facilitated more imports than exports.
Most expect the Budget to be path-breaking.
Finance Minister Pranab Mukherjee on Tuesday said the government had no exit strategy for incentives announced as part of the stimulus packages, even as there has been a 28 per cent fall in indirect tax collections till July.He further said the government was ready to take improved measures to combat drought, which has affected 272 districts in the country.
Getting the balance between fiscal restraint and growth-contracting policy remains a problem.
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
Interview with president and CEO of Tata Mutual Fund.
The Indian Budget 2009-10 presented by Finance Minister Pranab Mukherjee earlier this week, has disappointed many Indian American investors as it does not focus adequately on some of the key issues, including disinvestment and infrastructure development, IACC said on Friday.
India grew at 6.7 per cent in 2008-09. For the current fiscal 2009-10, the Economic Survey projected a 7 per cent growth rate plus/minus 0.75 per cent.
The Budget has evoked mixed reactions from Silicon Valley investors.
With the last two stimulus packages working wonders for the packaged goods industry, players in the sector are now rooting for one more round of fiscal incentives to further boost demand in the domestic rural markets and be competitive overseas.
Financial services firm Goldman Sachs on Tuesday said the new United Progressive Alliance government is unlikely to pursue 'big-bang' reforms, but piecemeal changes in policies may take place, including hiking of FDI cap in insurance and divestment in public sector units.
Asking the state finance ministers to resolve the pending issues expeditiously, the Centre on Thursday said introducing Goods and Services Tax was critical for economic reforms.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
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