In the immediate term, the package does little to boost demand, is inadequate although it adds up to a notional 10 percent of GDP, and leans too heavily on a spluttering financial system.
The DBT scheme presumes that all beneficiaries have Aadhaar-linked Jan Dhan accounts
Overall experts felt the moves were good for the common man, but markets and industries would have to wait and watch
The government announces the Prime Minister Gareeb Kalyan Anna Yojana for 80 crore people
A significant financial package for the poor and the unorganised sector will also be announced in a phased manner
The initiative's plan is to reduce waste for its 'Shipment Zero' vision.
The Centre will take up highways projects worth Rs 1.5 lakh crore in Bihar and is committed to package announced by Prime Minister Narendra Modi, Union Minister Nitin Gadkari today said.
In a bid to provide relief to drought hit regions of Maharashtra, Chief Minister Devendra Fadnavis has declared additional funds to provide water tankers, solve electricity problems and provide education to children in rural areas.
While noting that it is very difficult for the government to run a service industry, Singh also said that employees and the management of Air India will have to understand that aviation is a very competitive market.
Health Ministry's Drug Technical Advisory Body (DTAB) has recommended that the ban on anti-diabetes drug Pioglitazone and Analgin should be lifted, reports Archana Shukla of CNBC-TV18.
Rupee opens lower. The pair is at 54.31/32 versus its previous close of 54.02/03 on Friday.
The market had a volatile session today where the market drifted down quite a bit after a steady start in the first half of the session. Today, the Nifty moved in a band of 50 points to close the day at 5914, says Udayan Mukherjee, managing editor, CNBC-TV18.
The Centre today said its debt restructuring package for the state power distribution companies would be linked to increase in power tariff and performance of the electricity boards.
Restructuring package for the distribution sector has been cleared and will go a long way to help in restoring the health of the entire power eco system.
When Mario Monti became Italian prime minister last November it seemed he could do no wrong. Borrowing costs fell and praise poured in from commentators, international bodies and political leaders on both sides of the Atlantic.