Sensex over 50K mark as Joe Biden, Budget fuel fast recovery hopes
NEW DELHI: Positive global cues and expectations of healthy quarterly results, along with that of a supportive Union Budget FY22, powered the ascent of India’s barometer index — the S&P BSE Sensex — to cross the 50,000 mark on Thursday. However, the barometer index dipped below the psychologically important mark due to profit booking at […]
Budget session:Narendra Modi to chair an all-party meeting on January 30
NEW DELHI: Prime Minister Narendra Modi will chair an all-party meeting on January 30 during which the government will put forth its legislative agenda for the Budget session of Parliament, Parliamentary Affairs Minister Pralhad Joshi said on Wednesday. He said the meeting will be held virtually and an invitation has been extended to floor leaders […]
GDP may contract 7.5% this year, need policy reforms in Budget: Arvind Virmani
NEW DELHI: Indian economy is likely to contract 7.5 per cent in the current fiscal but will see a double-digit growth in 2021-22, former chief economic adviser Arvind Virmani said on Wednesday. Addressing a virtual event organised by industry bodyPHDCCI,Virmani said the central government has come up with some noteworthy reforms, includingGoods and Services Tax(GST),Insolvency […]
Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget
NEW DELHI: Former Reserve Bank of India (RBI) Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs while prioritising spending to get the economy back on track. The upcoming Budget for the fiscal year beginning April 1 should look to […]
Budget session of Parliament from January 29
NEW DELHI: The Budget session of Parliament will begin on January 29 with the address of President Ram Nath Kovind to the joint sitting of both the Houses and the Union Budget will be presented on February 1. A communication from the Lok Sabha Secretariat said on Thursday that the session would conclude on April […]
Budget 2021: NAREDCO recommends measures to support green shoots in real estate
NEW DELHI: In the aftermath of Covid-19 pandemic, Indian economy grapples with the challenges of recovery, expectations from the upcoming Union Budget are high. Real estate sector, as a generator of jobs (14 per cent) and major contributor to the GDP (7 per cent), is optimistic to seek major reforms with timely policy interventions by […]