Ratings agency Moody’s has lowered India’s outlook from stable to negative. How do such agencies assign these ratings? How seriously are these taken, and what changes for a government if it is downgraded?
If the LIC shares are listed on stock exchanges, it could easily emerge as the country’s top listed company in terms of market valuation, overtaking current leaders Reliance Industries Ltd and Tata Consultancy Services.
FM Nirmala Sitharaman has announced fresh measures for developing such a market, after previous budgets and a number of panels had failed to work out a plan. Why does India need such a market, and what are the new measures?
What the first Finance Minister said in the interim Budget of 1947-48 on market borrowings echoes even now. The government’s borrowing programme would be such as to enable it to obtain funds as cheaply as possible without in any way impacting the flow of investment into industry.
Union Budget 2019: The bond markets has reason to cheer given the huge borrowing programme of the government. The relief was reflected in the10 year bond yields which fell below 6.6 per cent and closed finally at 6.69 per cent.
How has the first-time finance minister, Nirmala Sitharaman, scored on her debut? Has the first Budget of PM Narendra Modi’s second term laid the foundation for achieving the goal of making India a $5-trillion economy by 2025? Will the Budget address the pressing concerns of the Indian economy? The Indian Express cuts through the clutter.
"In India, there is a certain amount of rural-urban divide which is due to the farm distress and the traditional problem of poverty which despite our progress has not been eliminated," says former RBI Governor Raghuram Rajan.
Congress has announced Rs 72,000 a year for poorest 20 per cent. What are the arguments for and against such schemes, and what will it take to implement it? A look at the economics, precedents and challenges ahead.
RBI has unveiled draft rules on compensation of top bank execs who take undue risks. A look at how some bank executives entered into questionable deals, and the private bankers got away. This is set to change.
Economics Nobel winner Paul Krugman warns that the US could possibly be heading for a recession. Amid slowdown in Europe, how strong are the grounds for such fears in the US, and what can it mean for India?
One of the signals for higher executives in the Indian financial sector is that this could be a trigger for greater scrutiny of their performance vis-à-vis their remuneration packages and measured against their governance practices and conduct.
Last year, the Government blinked on this uncompromising stance, fiscal deficit deepened from the targeted 3.2% to 3.5% of GDP. And the interim Budget put the fiscal deficit target for 2018-19 at 3.4% of GDP, marginally higher than the budgeted 3.3%.
Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government.