New initiatives that the budget has put to spur growth

Union budget 2018 has actually been a big picture budget. It has not been about the nuances of taxes and levies but it has been more about the macro issues and the focus areas for the government from ...
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What will India’s maiden budget after GST focus on?

The Union Budget speech would be typically divided into two parts. The first part would contain all the government allocations and resources and the second part contained the key changes pertaining to...
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What are the key Budget Expectations on equities and capital markets?

It is natural to look at the Union Budget each year from the point of view of the equity markets. The Sensex and the Nifty have been the barometers of market value and market sentiments and their gyra...
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Macroeconomic expectations from the Union Budget 2018…

A popular joke ahead of the Union Budget is that the text of the Union Budget 2018 will be substantially shorter and hence the budget speech could be over in less than 1 hour. Each year, a good part o...
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Trade deficit widens but current account could be the worry…

The trade data that came in for the month of August continued the trend of monthly trade deficit staying above the $11 billion mark. For the first five months of the fiscal, the trade deficit has come...
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IIP recovers but manufacturing still disappoints…

The IIP for the month of July 2017 was slightly higher at 1.2% compared to the negative growth shown in the month of June. However, manufacturing continued to disappoint. This IIP number was important...
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Retail inflation bounces back led by food inflation…

Retail CPI inflation for the month of August 2017 came in sharply higher at 3.36%. This is 100 bps higher than the inflation level in July and 190 bps higher than the level in June this year. This was...
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How the Governor quietly steered the RBI over the last year…

Come September and Dr. Urjit Patel completes one year in office. The year gone by has been eventful, to say the least. Let us not forget that even as the RBI Deputy Governor, Dr. Patel was a man of fe...
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Is it time for the RBI to cut rates more aggressively?

Over the last few weeks there have been some key data points that have raised concerns over the pace of rate cuts adopted by the RBI. It may be recollected that back in February 2017, the Monetary Pol...
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Core sector growth shows a minor revival in the month of July…

Core sector growth for the month of July came in at 2.4%, which is a slight improvement over the 0.8% core sector growth shown in the month of June 2017. The core sector is a combination of 8 core inf...
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