The BJP's decision not to contest the elections for the posts of Mayor and Deputy Mayor in the Brihanmumbai Municipal Corporation (BMC), where it won just two seats less than the Sena in the just-concluded Mumbai civic polls, is likely to ease strains in relations between the two saffron parties.
As NPAs of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel today favoured naming and shaming corporate houses which default on repayment of bank loans.
The CSO, which released the quarterly GDP figures today, has been barred by the Election Commission from releasing any state-specific data during the ongoing assembly elections lest it should influence voting pattern.
The fiscal deficit for April top January period came at 5.64 lakh crore as against Rs 5.32 lakh crore year-on-year (YoY). The fiscal deficit for the period is 105.7 percent of the FY17 Budget estimate.
Amid signs of slide in consumer goods sales and muted investment activity because of the cash crunch, it is highly likely that the CSO will sharply revise downwards Indias GDP growth in its second advance estimates.
Sebi wants more clarity on imposition of 10 percent Long Term Capital Gains (LTCG) tax proposed in the Union Budget, Chairman U K Sinha said today while asserting that the regulator would not allow market manipulation by those abusing tax exemptions.
"The government has expressed its decision to adopt the path of fiscal rectitude. Thus the previous government borrowings figure of Rs 5.80 lakh crore has been pared to Rs 3.48 lakh crore. This leaves of a gap of more than Rs two lakh crore," SEBI wholetime member G Mahalingam said at an Assocham seminar here today.
Finance Minister Arun Jaitley today said Sebi is evolving as per the requirements of the economy and markets as a professional organisation, as he discussed his Budget initiatives with the markets regulator.
Enraged by his "raincoat jibe" against Manmohan Singh, Congress today announced that it will boycott Prime Minister Narendra Modi in Parliament during the entire budget session and will try to bring on board other opposition parties too.
Government today dismissed the suggestion for State funding of elections, saying it is not practical in the Indian context, even as it expressed openness to modify the Budget proposal for capping cash donations at Rs 2000 per source and issuing electoral bonds.
Opposition in Rajya Sabha today tore into the government for presenting a "disappointing" budget, with Congress leader P Chidambaram terming note ban as the "most terrible" decision and alleging that graft and black money have continued to thrive and large sections adversely affected.
The Budget-induced optimism got a leg to stand on as the Sensex today pushed higher for the fourth day by scoring 199 points to close at 28,439 -- a 4-month high -- after hopes built up that RBI might go in for a rate cut at the Wednesday's policy meet.
The BSE today had a stellar listing on the NSE at Rs 1089, up 35 percent over the issue price of Rs 806. SP Tulsian of sptulsian.com, however, is not convinced with its valuation on back of low growth.
Indian equities are likely to start off on a soft note today taking a breather from the two-day post-Budget rally which led the Sensex closing at a 4-month high Thursday. Indicator SGX Nifty was up 19 points at 8753.50.