Notwithstanding the continuing impasse over amendments to the land acquisition act, the government is expected to table a bill in Rajya Sabha today to replace its ordinance it passed late last year. The Budget session of the Parliament started on Monday
Delivering his address to the joint sitting of Parliament, whose Budget session commenced today, he said, "Inflation and food inflation, in particular, are at a record low due to a number of decisive measures taken by the government".
Global cues are positive with the Wall Street having closed at record highs after Greece got yet another lifeline as the Euro-group agreed to extend the bailout package by four months, contingent on reform measures by Greece.
The NDA government is all set to move amendment proposals to Child Labour (Prohibition and Regulation) Bill and Factories Act, 1948 and introduce Draft Bill on Small Factories (Regulation of Employment and Condition of Service) in the upcoming budget session, Union Labour Minister B Dattatreya said today.
Following a directive from market regulator Securities and Exchange Board of India (Sebi), exchanges BSE and NSE confirmed the development late evening today, saying a live session would be held as per regular trading hours.
With the stock market making up for the recent correction over the past few days, it appears the uptrend has run its course, according to several analysts CNBC-TV18 spoke to in its Closing Bell show today.
Among other sectors, Prakash Diwan believes the rally witnessed in metal space today was more of a pre-Budget rally. Metals have bottomed out, he added. He also suggests buying infra space and capital goods now as these sectors are likely to rally over the next two weeks.
The bookings under the three-day "Super Sale" offer can be made from today for a travel period between February 15 to June 30, SpiceJet said in a release. The offer comes two days after its competitor AirAsia India announced a discount fare scheme with a seven-day booking window period.
Speaking at the pre-Budget consultative meeting with the IT (Hardware & Software) groups in New Delhi today, the FM said that success of Digital India initiative will rely on the IT/BPM sector for design, deployment and its continued success.
"Beleaguered budget carrier SpiceJet would submit a revival plan to the government today on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and US-based JP Morgan Chase," reports media quoting unnamed official sources.
Troubled airline SpiceJet today resumed operations after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs three crore last evening to buy jet fuel.