If rupee continues to strengthen, the crude cost may reduce, MK Surana, CMD of HPCL said.
The government reforms, the growth potential and the macro stability are a big positives for the economy going forward, said Upasana Chachra, India Economist at Macquarie Capital Securities.
"The total production of foodgrains in the state was 185.61 lakh tonnes in 2016-17, which is a record. The previous record was 178.29 lakh tonnes, achieved in the year 2012-13", Principal Secretary, Agriculture, Sudhir Kumar said.
The former Union minister, who was speaking at an event here last evening, also criticised the BJP-led government over the way GST was rolled out, although, he said, the concept of one nation one tax was "a great idea."
The US-based Moody's today upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook, citing improved growth prospects driven by economic and institutional reforms. The rating action may act a catalyst of sorts for those foreign investors eyeing India, say analysts.
The rating agency has upgraded the ratings for the four financial institutions to Baa2 from Baa3.
Deepak Parekh, Chairman, HDFC said the rating agencies have not been fair to India, the upgrade was long overdue.
In comparison, these funds had registered an infusion of USD 256 million in October last year, according to a report by Morningstar.
In effect, India has become the largest economy among Baa2-rated sovereigns, according to Moody's.
Tyagi also said the rating upgrade to Baa2 would further boost investments including foreign inflows.
The US-based Moody's upgraded India's sovereign rating after a gap of 13 years to Baa2, with 'stable' outlook, from Baa3 earlier, citing improved growth prospects driven by economic and institutional reforms. "Moody's upgrading India's Ratings is a reflection of India growth story and sound economic principles for a #NewIndia.
Rating agency Moody’s lifted India’s government bond rating to Baa2 from Baa3. The agency also changed its outlook to stable from positive.
Jaitley said the government will maintain fiscal discipline and will "continue to maintain the glide path."
The green panel, however, refused to lift its ban on industrial activities causing pollution in the Delhi-National Capital Region region.
The central bank is likely to set March 31, next year, as the deadline for the banks to resolve the issue or go ahead with bankruptcy proceedings against the borrowers, a finance ministry official told ET.
It is far better to play the corporate facing private sector banks like Axis and ICICI Bank than PSU banks, said Suresh Ganapathy, Banking Analyst, Macquarie Capital Securities.
The US-based Moody's today upgraded India's sovereign rating after 13 years to Baa2 with a stable outlook, from Baa3 earlier.
The initiatives that the government has taken in the recent times in the various things starting with demonetisation, goods and services tax (GST), real estate regulatory authority (RERA) are taking its effect and rating agencies are now beginning to recognise India’s potential, Keki Mistry, Vice Chairman and CEO of HDFC said.
Moody’s Investors Services on Friday upgraded India’s sovereign ratings to Baa2 from its lowest investment grade (Baa3) giving credit to the Narendra Modi government’s reforms initiatives. Here’s all you need to know about credit ratings:
Rating agency Moody’s lifted India’s government bond rating to Baa2 from Baa3. The agency also changed its outlook to positive from stable.
Moody's has also raised India's long-term foreign-currency bond ceiling to Baa1 from Baa2, and the long-term foreign-currency bank deposit ceiling to Baa2 from Baa3.
The Indian economy grew at its slowest pace in three years between April and June at 5.7 percent. A Reuters poll conducted in October showed economists predict South Asia's largest economy will grow by 6.7 percent in the fiscal year ending March 2018.
The rating upgrade comes after a gap of 13 years - Moody's had last upgraded India's rating to 'Baa3' in 2004. In 2015, the rating outlook was changed to 'positive' from 'stable'.
Rangarajan said he thinks this is the end of the season when prices rise as far as food articles are concerned.
There has been a huge debate on whether or not restaurants have been passing on GST rate cut benefits to consumers or not. To discuss this, CNBC-TV18 caught up with Rohan Shah, Tax Expert, Pratik Jain, Partner at PwC India, Adarsh Shetty, President of Indian Hotel and Restaurant Association and Rahul Singh, Vice President and Gurgaon Chapter Head of National Restaurant Association OF India.