Rahul Gandhi accuses Centre of stealing from central bank, FM hits back
Prime Minister Narendra Modi and Nirmal Sitharaman are clueless, says Rahul Gandhi.
This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime
One reason the government seems to have embraced reality is that the revenue numbers in the federal budget are now known to have been massively overstated
Sensex posts best figures in 3 months; rupee weakens as FPIs keep pulling out
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is not yet implemented. It shall come into force with effect from September 1, 2019
That the government is becoming responsive to the needs and demands of the industry is a great change
Allowing larger firms to flourish, enabling smaller firms to secure cheap financing and forcing the state to retreat from business would be the great news the private sector has been waiting for
Tata Motors, Ashok Leyland key gainers; infra boost, consumption uptick needed for trend reversal
Sitharaman ignored the auto industry's demand for a reduction of a goods-and-services tax on vehicles to halt the worst slump in car sales in almost two decades
An appraisal of Arun Jaitley's contributions, a review of finance minister Nirmala Sitharaman's stimulus measures, and a call for improving data collection.
Entrepreneurship thrives only when there are opportunities, an environment without fear (as long as you are operating within the boundaries of law), and availability of finance
The FM also promised to accelerate the processes for GST refunds
Stocks of firms in the automobile, banking, and real estate sectors, and those of non-banking financial companies (NBFCs) are likely to remain under focus
This is indeed a comprehensive package which shows that the finance ministry has been keeping its ears close to the ground
Developers are hoping this week's announcement will bring some relief
Such funds often have exposure to derivatives and follow strategies that can seek to make money when markets are going up, as well as by betting on a fall when they sense weakness in the market
Together, the festive period, which stretches from September to December, when Christmas and New Year arrive, gives durable companies around 30 per cent of their annual sales
The FM seemed chastened by widespread criticism of economic and tax policies. And, conveyed a willingness to listen to the stakeholders and make course correction
Measures by FM welcome, but more would be needed