The focus at the convention was on the three tsunamis that have hit the real estate sector in the past one year namely demonetization, RERA and GST. Here are 5 takeaways from the convention.
Indian Prime Minister Narendra Modi in November banned 500 rupee ($7.77) and 1,000 rupee bank notes as part of a drive against unaccounted wealth in India that has also hit Nepal where Indian rupees are widely used.
External Affairs Minister Sushma Swaraj and Home Minister Rajnath Singh are expected to brief a host of Opposition leaders on Thursday at Rajnath’s residence.
Lower yields or crop failure will increase discontent among farmers that has triggered protests in the big agrarian states in recent months and forced the state governments to waive billions of dollars of farm loans.
Prime Minister Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered.
Gold traders will be sweetening the deal this year with freebies, discounts and cash-back offers. Some branded buyers are giving huge discounts on making charges, while others are gifting free coins with purchases.
In all, the I-T department has identified 18 lakh such accounts and will be scrutinizing them in a phased manner beginning with the 2 lakh accounts in the first phase, a senior I-T official told Moneycontrol.
The election in five states was a referendum on demonetization 3.0 undertaken by the Modi government creating a sharp political divide with the narrative shifting to BJP versus the rest.
The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 50.3 in February from 48.7 in January, marginally above the 50-mark that separates growth from contraction.
Official data showed India's gross domestic product (GDP) grew 7 percent annually for the quarter, sharply beating expectations for a 6.4 percent growth rate in a Reuters poll. The economy slowed from the September quarter's 7.3 percent annual growth rate.
This is despite the fact that the industry base for cyber insurance is currently as low as Rs 60 crore.
However the Budget may not be too bad for digital startups. If you are running any online startup, lets see how it impacts you.
Expectations were rife that the Narendra Modi government will announce a populist budget given the fact that five states are going to assembly polls later this month. Measures aimed at soothing the adverse impact of demonetization are also expected.
Entering 2016 as the world's fastest-growing economy with annual gross domestic product (GDP) growth of 7.6 percent, the South Asian giant now faces shrinking factory output, consumption and rural demand following Prime Minister Narendra Modi's contentious currency reform that launched in November.
Greater clarity on GST implementation and roadmap to lower taxes
It is widely expected that the Budget will announce relax the income-tax threshold limits to regain the goodwill of the middle class, which has been inconvenienced by demonetization
â€œThere are so many anti-incumbency issues in UP. Still, if the Opposition wants to do a referendum on demonetisation, we are ready for it. People of UP are with BJP on the issue of demonetisation,â€ Amit Shah told Network 18 Group Editor-in-Chief Rahul Joshi.
The Indian government has come up with quick fixes to lighten the burden of low cash supply on citizens and encourage staying invested.
While the main demand will be for jewellery, bar and coin investment is expected to be 250-300 tonnes by 2020. Jewellery exports are estimated to touch the USD 40 billion mark, from the current USD 8.6 billion.
An SBI internal research report, Ecowrap, has pegged in a "fiscal deficit target of Rs 5.75 lakh crores for the financial year 2017-18, at 3.4 percent of GDP." Fiscal deficit for the financial year 2016-17 is Budgeted at 3.5 percent.
New developments in the Budget and economic interventions will open more avenues for Digital India. India has already started experimenting with the blockchain technology. Budget should also include special allotments for experimentation with innovations and technology, says Saurabh Agrawal,CEO and Co-founder of Zebpay .
Having posted growth of above 7 percent for six consecutive quarters, India's gross domestic product is expected to have expanded just 6.5 percent in the October-December quarter - the weakest in nearly three years.
Speaking to CNBC-TV on the sidelines of the World Economic Forum in Davos, Switzerland, Uday Kotak, Vice Chairman and MD of Kotak Mahindra Bank said that US president-elect Donald Trump‘s policy could have implications for countries which are dependent on the US.
Measures such as the recently announced concessional tax rate of 6% as opposed to the present rate of presumptive taxation of 8% for income received through banking and digital business by small businesses is a welcome move.
RBI has set an objective for achieving consumer price index (CPI) inflation at 5 percent by the third quarter of the financial year 2016-17 and the medium-term target of 4 percent within a band of +/- 2 percent.