Nothing will change unless state electricity boards are revamped
Aside from food inflation, there are other structural issues that can affect inflation outcomes in near to medium term.
India should avoid any knee-jerk reaction such as restricting Chinese imports and deal with the issue as a mature democracy.
Sakshi Batra does a 3 point analysis of the highlights of the opening session.
The Budget held out the promise of spurring consumption but investors were left with heartburn after riding the fine print
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
"Trade deficit with China is a matter of concern. We are discussing the issue with China for greater access for Indian products and services in the Chinese market," Commerce Minister Nirmala Sitharaman said during Question Hour.
Net tax receipts stood at Rs 8.85 lakh crore for the same period and for the month of February the deficit is seen at Rs 41,400 crore against Rs 40,600 crore (YoY).
A report by Ambit Research says that apart from meagrely increasing capex spends and setting aside 0.07% of the GDP for recapitalising banks, the government did not do much to address these two fundamental issues.
Prime Minister Narendra Modi's surprise decision last November to scrap high-value banknotes worth 86 percent of India's cash in circulation has hit consumer demand, disrupted supply chains and hurt capital investments.
The forecasts, released by the Cabinet Office, show the government is falling behind two important fiscal discipline targets that were intended to eliminate the primary deficit, which excludes debt servicing costs and new bond sales.
All eyes are on Budget which is just round the corner and Haseeb Drabu, Finance Minister of Jammu and Kashmir, suggests that Arun Jaitley should focus on public expenditure.
In India, the world's second-largest consumer of the metal, higher prices prompted retail buyers to postpone purchases for wedding season.
While addressing a gathering at Petrotech Exhibition, the prime minister said, "While global economy goes through uncertainty, India has shown tremendous resilience. FDI is also at the highest level."
Vivek Saraogi, Managing Director Of Balrampur Chini Mills, says that 80 percent of India's sugar mills at this time of the year won't have much surplus. Only 15-20 percent would have stock above 37% of output.
The sliding prices of the precious metal in both global and domestic markets are seen as a contributory factor for the 52.5 percent decline.
After rising for the first time in 18 months in June, exports shrank again in July, contracting 6.84 per cent due to decline in shipments of engineering goods and petroleum products.
China's current account surplus rose to USD 59.4 billion in Q2, up from USD 48.1 billion in Q1 but capital account recorded deficit of USD 59.4 billion, the government said today.
The Cabinet Office now forecasts the primary budget deficit will be 1.9 percent of gross domestic product in fiscal 2018 from 1.7 percent it projected in January, NHK said.
The sliding prices of the precious metal in both global and domestic markets are seen as a contributory factor for the plunge.
India's merchandise exports rose after a gap of 18 months, rising 1.27 percent year-on-year to USD 22.57 billion even as the gulf between exports and imports (trade deficit) widened to USD 8.11 billion, as exports came in 30.68 billion.
India's external debt stood at USD 485.6 billion at the end of March 2016, recording an increase of USD 10.6 billion year-on-year, primarily on account of a rise in outstanding NRI deposits, the RBI said today.
Rupee range for H2/2016 is set at 67-70 against H1/2016 outlook at 66-69, with marginal time-decay value adjustment.
There are chances that Jharkhand and Chhattisgarh can get more rains and catchment areas of the Western Ghats may get rains in next 2-3 days, says, Bishwajit Mukhopadhyay, Additional Director General of Meteorological Department.
The June-September monsoon rains have remained 18 percent low so far, but have covered almost the entire country, and helped quicken the planting process of summer crops such as paddy rice, soybeans, cotton and pulses.