Sanjiv Sanyal, global strategist, Deutsche Bank says, on CNBC-TV18, that at the heart of the current account deficit is a supply-constrained economy and unless measures are initiated to strengthen supply, inflation and the CAD will continue to prevail
The Inter-Ministerial panel formed to look into fuel issues of power plants that are stranded due to unavailability of coal will meet for the first time tomorrow.
Reserve Bank of India Governor Duvvuri Subbarao expressed concern that high inflation was forcing people to indulge in buying gold rather than depositing funds with banks.
ICICI Bank head Chanda Kochhar sees no visible signs of investment cycle picking up in the near-future.
The assumptions made by Finance Minister P Chidambaram in his Union Budget 2013 speech look optimistic and realistic, Atsi Sheth of Moody's Investors Service tells CNBC-TV18. "It is not just revenue growth, but assumptions about subsidy cost are optimistic as well."
Michael Spencer, Chief Economist told CNBC-TV18 that the economy seems to have bottomed out in Q3 and he expects a shallow recovery mainly supported by global cues.
While presenting the tax proposals in the Budget 2013-14, the Finance Minister set the context by stating that the underlying theme of his proposals is to bring clarity in tax laws, stability in tax regime, provide a non-adversarial tax administration and a fair dispute resolution mechanism.
India's record high current account deficit is the country's biggest concern, Finance Ministry's Chief Economic Adviser Raghuram Rajan said on Tuesday.
Indian services growth eased off the accelerator last month as new orders failed to keep up with January's blistering pace, a business survey showed on Tuesday, although companies remained optimistic about future business.
Commerce and Industry Minister Anand Sharma today said he is optimistic about India touching the USD 300 billion-mark in exports this fiscal although it remains a challenge.
The finance minister answers questions about Budget 2013 using Google hangout, a multi-person online video chat, at 8:00 pm today. P Chidambaram today joined the camp of other personalities like Barack Obama to use Google Hangout, social media, to reach out to people.
After presenting the last Budget of the UPA 2, it was Finance Minister, P Chidambaram's turn today to explain the proposals to India Inc.
Aiming to restart the growth engine, Finance Minister P Chidambaram today said he will monitor every quarter the investment plans of public and private sector entities that are sitting on huge cash piles.
The government's net borrowings in 2013-14 will be up by only 50 billion rupees to 4.84 trillion rupees, the slowest rise in recent years
P Chidambaram has joined the league of other personalities like Barack Obama through Google Hangout to reach out to people.
Emphasising the need to attract foreign investment to narrow down current account deficit, Finance minister P Chidambaram today said he plans to visit Japan, USA and Canada next month to meet global investors.
The Union Budget 2013, which was presented by the finance minister on last Thursday, was hailed as a forward looking and prudent Budget.
India will issue so-called safe harbour rules by April 2013, a set of provisions that under certain conditions would enable tax authorities to accept companies' transfer pricing claims without further scrutiny, finance minister P Chidambaram said on Monday.
Finance Minister P Chidambaram on Monday had a post Budget meeting with representatives of industry associations.
No change in personal and corporate tax rates. Tax rebate of up to INR 2,000 per annum introduced for resident individuals, with total income up to INR 0.5 million per annum.
Professional services firm BMR Advisors help you understand the Budget and how it impacts your life.
India's fiscal deficit may be less than the provisional figure of 5.2 percent of gross domestic product for the 2012/13 fiscal year that ends on March 31, Finance Minister P. Chidambaram said on Monday.
Staking his credibility on meeting a deficit-cutting target, Finance Minister P Chidambaram is likely to be forced to scale back spending in the upcoming fiscal year after delivering a federal Budget that makes aggressive revenue assumptions.
Reserve Bank of India governor D Subbarao on Sunday said a growth rate of 5-6 percent is not sufficient for the economy, which has the potential to grow at double-digit rate provided some issues are addressed.
For the first time the finance minister will use Google Hangout to answer netizens' queries on the Budget presented on February 28.