Talking to reporters, Sinha also demurred Prime Minister Narendra Modi holding "pre-budget consultation", saying it is "unprecedented" and asked what the latter's Finance Minister is doing
Advance estimates show growth revival remains a daunting task
With a fresh assessment of the state of the economy, all stakeholders would now look forward to the Union Budget to see how the government plans to revive growth
GDP growth stood at 4.8 per cent for the first half of the current fiscal year
The Reserve Bank of India has already cut its earlier projections and now projected the growth to be 5 per cent for the year
To overcome, FMCG makers have introduced low unit price packs in multiple categories to make their products affordable and have also introduced multiple promotions and offers
Rs 24.54 trillion investment will flow in the energy sector, and of that Rs 11.7 trillion would be in just the power sector
In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan
CBI has accused ex-Maruti MD Jagdish Khattar of fraud, while the Union Cabinet has approved the creation Chief of Defence Staff
The rating agency sees moderate fiscal slippage, retains sovereign rating and outlook
Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan
In a statement, the firm said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of CEO for a year
Investors wary of taking long-term positions to avoid large losses
For the deficit to be 3.3 per cent of GDP, it assumes a nominal GDP growth of 12 per cent in FY20
A country's rating must relate primarily to its capacity and willingness to service debt
It will be the year to convince global investors about India's long-term bull case
The ruling party may have assumed the economy will revive on its own before next elections, but such facile belief can come unstuck if current directions are not reversed quickly, writes T N Ninan
On a financial year basis, Nomura expect GDP growth of 4.7% in FY20 and 5.7% in FY21, suggesting a delayed recovery and below-potential growth through end-2020
S&P said India's fiscal metrics, including its fiscal deficit, annual change in net general government indebtedness, and net government debt stock, were weak
Continuous liberalisation has led to an increase in inflows of foreign direct investment into the country.