PARLEY |
Comment
Parley: Does the Budget do enough in providing a stimulus to growth?
Suresh Seshadri By not cutting spending despite constraints, the Budget ensures momentum doesn’t backslide
Comment
A government that is clueless on the economy
Pulapre Balakrishnan Listening to the Budget speech, one would hardly get any indication of either the economic slowdown or the unemployment rate, which is the highest in decades
Comment
A Budget exercise that is designed for stressed times
T.T. Ram Mohan The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms
Markets
Sensex tanks 470 points; Nifty drops below 14,300
PTI Equity benchmark Sensex plunged 470 points on January 18, tracking losses in index majors Infosys, HDFC and ICICI Bank amid a weak trend in global markets.After a choppy session, the 30-share BSE index ended 470.40 points or 0.96% lower at 48,564.27.Similarly, the broader NSE Nifty tumbled 152.40 points or 1.06% to 14,281.30.ONGC was the top loser in the Sensex pack, shedding around 5%, followed by Sun Pharma, PowerGrid, Bajaj Finance, IndusInd Bank, Dr. Reddy’s and Maruti.On the other hand,
Markets
Rupee drops by 21 p to 1-week low on dollar demand
PTI The rupee plunged by 21 paise to settle at a week’s low of 73.28 against the U.S. dollar on Monday, tracking weak domestic equities and a rebound in the American currency.At the interbank forex market, the domestic unit opened at 73.21 against the greenback and swung between a low of 73.30 and a high of 73.18 during the session.It finally settled down by 21 paise at 73.28, the lowest closing level since January 11. On Friday, the rupee had settled at 73.07 against the American
Economy
China’s economy grows 2.3%, slowest pace in 44 years
Ananth Krishnan Stimulus created 11.86 mn urban jobs.
Industry
Excise duty collection jump 48 % this fiscal on record hike in taxes on petrol, diesel
PTI With this, the total incidence of excise duty on petrol rose to ₹ 32.98 per litre and that on diesel to ₹ 31.83 a litre.
Industry
Govt. may raise import duties by 5-10%
Reuters Budget likely to raise levy on more than 50 items including smartphones, electronic components
Industry
India, China may take lead in Asia’s Covid vaccination plans, says Moody’s Analytics
Special Correspondent Second most-hit nation’s role will soften severity: Moody’s
Industry
Bird flu outbreak to hit January sales, says Crisil
Special Correspondent ‘Unlikely to dent profitability this fiscal’