Business

"Kick-starting public investment in infrastructure and incentives for Prime Minister Modi's medium-term initiatives such as Make in India and Digital India are likely to be the highlights," says the Nomura note to clients.

The report said that higher tax devolution will allow states greater autonomy in financing and designing of schemes.

Soon after coming to power at the Centre, Finance Minister Arun Jaitley in an interim budget presented on 10 July, 2014 claimed that slow decision making by the previous Congress-led United Progressive Alliance government had resulted in loss of opportuni...

Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in domestic stock market and the dollar's weakness against other currencies overseas, supported the rupee.

Parekh rejected the perception that the Prime Minister was controlling everything and this was reason that was delaying the processes.

Experts are of the view that encouragement to the tourism sector will promote development of different regions and create employment opportunities.

"Fares are already low and government is giving subsidy," Manoj Sinha said.

Investors are keenly focused on the the new government's first full-year budget, looking at it as a gauge to measure the government's reform momentum.

The Indian currency resumed sharply lower at 62.26 as against Tuesday's close of 62.19 at the Interbank Foreign Exchange (Forex) market.

This is the third such discount offer by the company which had earlier launched its "SpiceJet Super Sale" and "We Love You Valentine's Sale" offers.

Dollar demand from importers, mainly oil refiners, mainly affected the rupee value against the dollar, dealers said.

"The lifting of ban by the European Union will boost mango exports. The country's overall exports are expected to increase by 40-50 per cent next fiscal," Radha Mohan Singh said.

The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 per cent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal...

"India will catch up with China's growth in the year 2016 and 2017," World Bank Chief Economist and Senior Vice-President Kaushik Basu said.

Telecom, auto, infrastructure and metal sector stocks saw some activity on Thursday.

The Finance Minister blamed high cost of capital for slowdown in manufacturing sector.