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Starting at the overnight score of 8 for no loss, Australia were under the pump early on as Ishant Sharma (1/32) and Jasprit Bumrah (2/28) made life difficult for the batsmen with their immaculate line and length.
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"That's why we think India will be, I'm not going to say immune, but less affected than other emerging economies if there's a further shock to the global economy, including a general global slowdown," Cashin said.
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Essentially, the government is able to understate its expenditure by getting public sector units to spend money, which would otherwise have been part of the budget. As a result the total liability of the central government at the end of FY 2016-17 is actually 50.5 percent of GDP rather than 45.5 percent reported by the Centre, according to the CAG.
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This pessimistic note was in marked contrast to the previous CEWC and when at the beginning of the trade war, Chinese official media claimed that the Chinese economy was “resilient enough to cope”.
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Iran used to be India's second-biggest oil supplier, a position which now belongs to regional-rival Iraq after tough Western sanctions over its nuclear development programme limited Tehran's exports and access to finance.
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The issuance of the 12 digit unique identity number, Aadhaar, is gaining popularity among the government schemes for several benefits provided from the Consolidated Fund of India.
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Be it in case of the pay, promotions, second careers or work conditions for blue-collared women workers, there is a long bridge to be crossed.
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The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 50.7 in February from 50.4 in January. That beat a Reuters poll median of 50.3 and was the highest level since November.
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Speaking during the Question Hour, Issac told the House, "There were no fundamental disputes in GST council." The next meeting of the council, to be held in Srinagar, would take decision to fit different goods and services into the four approved slabs of 5, 12,18 and 28 per cent tax rates under Goods and Service Tax (GST).
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Economic Affairs Secretary Shaktikanta Das said the third quarter and the 7.1 percent growth projected for full fiscal are "definitely something noteworthy".
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"The per capita net national income during 2016-17 is estimated to be Rs 103,818 showing a rise of 10.2 percent as compared to Rs 94,178 during 2015-16 with the growth rate of 8.9 percent," as per data on Second Advance Estimates of National Income, 2016-17.
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A decision in this regard was taken during a meeting of representatives of All India Association of Central Excise Gazetted Executive Officers and those from Indian Revenue Service (Customs and Central Excise).
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While the State Level Single Window Clearance Committee headed by Chief Secretary A P Padhi today accorded approval for 14 different projects worth investment of Rs 25,474 crore, the same committee on January 31 had given its nod for investment of another 697 crore.
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Joint Development Agreements were the lifeblood of the sector till the 2008 financial crisis.
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"Possibly we could see some impact in Q4 numbers, they could be a little lower than Q3 numbers. We are not going to revise the projections because we are at 6.6 percent [GDP growth] for the full year and I think the fourth quarter number possibly could reflect some amount of the impact of demonetisation," Soumya Kanti Ghosh said.
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Chief Economic Adviser Arvind Subramanian, who has proposed setting up a public asset rehabilitation agency to fix the balance sheets of both struggling banks and indebted companies, said the government was in touch with the RBI on the matter.
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In an interview to Moneycontrol, Arjun Ram Meghwal, Union Minister of State for Finance and Corporate Affairs, said that the time had come for the Indian market to be a price setter.
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Health insurance policies with a cover of Rs 1 crore is becoming the new norm in the industry. With health inflation on the rise and average out-of-pocket medical expenses on the rise, insurers are increasing their cover sizes.
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The Union Budget has truly managed to strike a fine balance between fiscal consolidation and public spending to spruce growth, against the backdrop of challenging global and domestic environment.
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A Reuters poll last week, conducted before the government presented its annual Budget, showed 28 of 46 participants expected the RBI on Wednesday to cut the repo rate by 25 basis points to 6.0 percent, its lowest since November 2010. Another two expected a 50 bps cut.
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In an interview to PTI, Revenue Secretary Hasmukh Adhia said securities transaction tax (STT) was levied in 2004 and capital gains made out of STT-paid listed stocks are exempt from long-term capital gains tax.
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However the Budget may not be too bad for digital startups. If you are running any online startup, lets see how it impacts you.
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While the industry expected exemption from Minimum Alternate Tax (MAT), it has accepted the provision to allow MAT credit to be carried forward from 10 years to 15 years as a positive step forward.
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A majority of private life insurers, either have banks as promoters or as partners which gives them an almost exclusive access to their entire branch network.
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In a twist of historical irony, the narrative on GST has rapidly changed from a substantive politico-fiscal issue until a few months ago to a pre-dominantly bureaucratic turf war now.
