market-impact News

From Market Impact 2 years ago

Private sector banking aspirants get a helping hand from FM

The Reserve Bank of India will issue guidelines for new bank licences by March 2011, finance minister Pranab Mukherjee said on Monday.

From Market Impact 2 years ago

Bond markets make merry

The BOND market rallied on Monday with the finance minister promising to rein in the fiscal deficit and contain net borrowings at Rs 3.43 lakh crore in 2011-12.

From Market Impact 3 years ago

Left to launch nationwide protest

The Left parties on Friday demanded immediate withdrawal of the hike in petro-product in the Budget and asking the people to launch protests across the country.

From Market Impact 3 years ago

Miffed Opposition rises in revolt

The UPA government’s concession to Opposition parties, of agreeing to hold a discussion on price rise by deferring Question Hour, did not have the desired effect. In an unprecedented step, the Opposition staged a walk-out to protest the Budget proposal to hike duties on petroleum products.

From Market Impact 3 years ago

Some positives for education, many concerns remain

We laud this budget for making a greater increase in the expenditure outlay for education. Last year’s total revised expenditure outlay at Rs 39,727 crore for both school and higher education was around 19% more than the 2008-09 fiscal, but this year’s total budget accounts for Rs 489.04 billion with a growth of 23.1%.

From Market Impact 3 years ago

A strong impetus to growth

The finance minister should be hailed for presenting a well-balanced Budget, giving a strong impetus to growth, whilst focusing on fiscal consolidation.

From Market Impact 3 years ago

Higher allocation for social sector to spur rural growth

There has been a mixed response to the FM’s decision to allocate higher resources to flagship social sector programmes such as Mahatma Gandhi National Rural Employment Guarantee Act, Bharat Nirman or Indira Awas Yojana.

From Market Impact 3 years ago

Govt charts the way ahead for education

In Budget 2010-11, finance minister Pranab Mukherjee has proposed an outlay of Rs 31,036 crore for school education, an increase of Rs 4,236 crore from 2009-10. This translates to a 16% increase in school education expenditure in the coming fiscal over the corresponding year.

From Market Impact 3 years ago

Lower deficit at 5.5% cheers markets, foreigners turn buyers

The announcement by the finance minister that the fiscal deficit would be contained to to 5.5 % of GDP and that government borrowings for 2010-11 would be restricted to below the current year’s levels, sent the Sensex soaring all the way to an intra-day high of 16,669, a surge of 415 points.

From Market Impact 3 years ago

Country to see more new banks in private sector

India could see a host of new banks coming up in the private sector with the Union finance minister stating that the Reserve Bank of India was mulling over issuing more bank licenses to non-banking financial institutions and private-sector promoters.

From Market Impact 3 years ago

Balance prevails between growth & fiscal consolidation

The Union Budget for the financial year 2010-11 has struck a fine balance between encouraging growth momentum and the much-needed fiscal consolidation, all the more in focus with what’s happening in the Euro zone.

From Market Impact 3 years ago

Govt Borrowings can be managed

The yield on benchmark 10-year government bond fell as much as 6 basis points early on Friday on the lower-than-forecast December quarter GDP figures, but erased that move on worries over high government borrowing.By mid-afternoon, the bonds were yielding 7.87%, up from 7.83% on Thursday.

From Market Impact About 4 years ago

Gold prices may rise on high customs duty

In a move that could give a fillip to recycling of gold and push up local prices hurting the gems & jewellery industry, the Budget 2009-10 Monday proposed to increase the customs duty on gold bars by Rs 100 per 10 gram and that on other forms of gold by Rs 250 per 10 gram.

From Market Impact About 4 years ago

Impediments cleared; challenges yet to be addressed

The nuisance called CTT has been put to rest. The momentum was which murdered and the fundamentals which got flawed have been put back on the rails.

From Market Impact About 4 years ago

CTT abolition raises hope of more steps

In a bid to expand commodity futures markets that has been reeling under the impact the repeated government interventions, Budget 2009-10 abolished the Commodity Transaction Tax proposed in the previous budget.