Ratings agency Crisil said a revival in consumption will push up the country's gross domestic product (GDP) growth rate to 6.7 per cent in FY'14, from 5.5 per cent estimated for the current fiscal (FY13).
The year 2012 will be remembered for many economic turmoils and hopes. India had its share of ups and down in issues ranging from rising inflation to depreciating rupee to a insipid 2G Auction
State-owned Bank of Baroda (BoB) today said it will raise Rs 1,550 crore by issuing preference shares to the government.
We recap 2012 and all that happened on the policy front. What a year this has been - a rollercoaster, 12 months that saw three finance ministers at the helm of what was once, one of the world's fastest growing economies, a year, when India just about managed to return from the edge of a policy calamity.
The Cabinet Committee on Investment, (formerly called National Investment Board) has has been cleared by the Cabinet today.
The startup ecosystem and angel investors are a relieved lot after Pranab Mukherjee's speech in Parliament on 7 May.
After a bumper first quarter fuelled by central bank largesse, investors are looking for potential potholes to derail a stock market rally which has already shown signs of tailing off in recent days.
CNBC-TV18's Ronojoy Banerjee learns that owing to proposals to remove customs duty on urea equipments and reduction of interest rate paid by manufacturers to government on foreign loans to 5%, the fertilizer department may have overestimated the cost assumptions in the urea policy.
After a lacklustre Budget, the government has dealt another body blow to the market in the form of new General Anti-Avoidance Rules. Pranav Sayta, partner, Ernst & Young says all this is likely to change, making Mauritius an even more doubtful destination for treaty benefits.
CNBC TV18's Payaswini Upadhyay speaks to Kerwin Chung, Principal- Global Transfer Pricing, Deloitte and Anis Charavarty, Director, Deloitte Haskins & Sells on the impact of the changes to the Transfer Pricing Rules
The proposed hike in service tax on traditional life insurance plans is bad news.
The new start-up tax proposed in Budget 2012 could prove to be a death blow for young Indian start-ups.
For decades now tax payers and tax collectors in this country and world over have been consumed by the avoidance versus evasion debate - avoidance acceptable, evasion illegal.
In an interview to CNBC-TV18, Andrew Holland, CEO - equities, Ambit Capital Pvt Ltd says the recent range that our market has been stuck in can play out if the RBI at least begins the rate cut cycle when it meets in April.
Telecom major Vodafone today said the government's move to retrospectively amend income tax laws does not augur well for investors but asserted that it has no plan to exit India.
Gaurav Doshi of Morgan Stanley says Nifty could return to 4,950 if crude breaks the USD 140 per barrel mark. Even as a house, they are bearish on crude.
The fast moving consumer goods (FMCG) industry expressed disappointment with the Budget proposal to hike excise duty and said they will be forced to increase prices at a time when sales are already muted and margins are under immense pressure.
R Gopalan, Economic Affairs Secretary, one of the key officials who was involved in the Budget making exercise says that the Budget has delivered on emphasis for growth, fiscal consolidation and tackle inflation.
Ketan Dalal, Porus Kaka and TP Oswal join The Firm to discuss whether Budget 2012 is retrospective or retrograde.
The market fell a bit on the Budget day and today, we have carried on the downtrend from there. It's not like a huge amount of damage has happened, but counting Budget day in, we have lost about 2.5% in two days which is not very comforting, says Udayan Mukherjee, managing editor, CNBC-TV18.
Experts debate if the customs duty hike on imported gold, announced in the Budget, will affect demand for the precious metal.
Leif Eskesen, chief economist - India & ASEAN, HSBC Global Research tells CNBC-TV18 that Mukherjee's 5.1% target could get a little tricky to achieve.
In an interview to CNBC-TV18, Bino Pathiparampil, vice president, IIFL Capital analyses the pharma sector wherein he reviews specific stocks like Sun Pharma and Cadila.
Finance minister Pranab Mukherjee on Sunday said he was "extra careful" while formulating his budget proposals in view of the political situation on the ground. "... Knowing the mood of the persons who matters here (in Parliament), I had to be extra careful and I had to make my colleagues extra careful.
Finance Minister Pranab Mukherjee in his Budget for 2012-13 on Friday proposed a hike in basic excise duty on cigarettes of more than 65mm length by 10%. It will be charged on an ad valorem basis on 50% of the retail price.