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BJP-led NDA`s resounding assembly election wins to push economic reforms  The recent state assembly election victories have further consolidated the position of BJP-led NDA which will provide much-needed stability and resolve to push for economic reforms, according to a report on Thursday.  The results of recent state/Bye-elections in Maharashtra, Haryana, Uttar Pradesh and Bihar have bolstered the position of ruling NDA, said the report by PL Capital - Prabhudas Lilladher. This will help policy continuity towards major reforms across the spectrum ...
BJP-led NDA`s resounding assembly election wins to push economic reforms
BJP-led NDA`s resounding assembly election wins to push economic reforms
Source: IANS
2024-11-28 01:41:11 pm
India`s growth story to take economy from $3.5 trillion now to $35 trillion in next 25 years: Piyush Goyal Expressing optimism over the country’s economic growth prospects, Union Commerce and Industry Minister Piyush Goyal has said India’s growth story will take the economy from $3.5 trillion now to $35 trillion in the next 25 years. He said ‘This 10-fold growth is due to India's strong economic fundamentals. We are the fastest-growing economy. Low inflation, strong foreign exchange reserves and a welcoming environment for the investors have brought twice the FDI to India in ...
India`s growth story to take economy from $3.5 trillion now to $35 trillion in next 25 years: Piyush Goyal
India`s growth story to take economy from $3.5 trillion now to $35 trillion in next 25 years: Piyush Goyal
Source: Accord Fintech
2024-11-11 12:04:56 pm
Centre releases Rs 1,78,173 crore as tax devolution to states in festive season In a bid to enable states to boost development and capital spending, the Centre on Thursday said it has released tax devolution of Rs 1,78,173 crore to state governments, as against the normal monthly devolution of Rs 89,086.50 crore.  It includes one advance instalment, in addition to the regular instalment due in October. Among the states, Uttar Pradesh (Rs 31,962 crore), Bihar (Rs 17,921 crore), Madhya Pradesh (Rs 13,987 crore), Maharashtra (Rs 11,255 crore), West Bengal (Rs 13,...
Centre releases Rs 1,78,173 crore as tax devolution to states in festive season
Centre releases Rs 1,78,173 crore as tax devolution to states in festive season
Source: IANS
2024-10-10 02:16:04 pm
Budget to strengthen `Viksit Bharat` narrative, focus on more job creation The Union Budget 2024-2025 will strengthen the narrative of ‘Viksit Bharat’ by 2047 along with more job creation, following a transformation witnessed in the last 10 years across economic parameters, a report showed on Friday.  The broad focus of the government will be job creation. This could mean more impetus on infrastructure and other public welfare schemes, as well as fiscal expansion using off-balance-sheet structures, according to the report by Axis Securities. O...
Budget to strengthen `Viksit Bharat` narrative, focus on more job creation
Budget to strengthen `Viksit Bharat` narrative, focus on more job creation
Source: IANS
2024-07-12 12:18:13 pm
PM Narendra Modi led-NDA government in third term must tackle problem of unemployment: Rajiv Kumar Former NITI Aayog Vice Chairman Rajiv Kumar has said that prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises (SMEs). He also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. According to a recent International Labour Organisation (ILO) report, the share of unemployed youths in India'...
PM Narendra Modi led-NDA government in third term must tackle problem of unemployment: Rajiv Kumar
PM Narendra Modi led-NDA government in third term must tackle problem of unemployment: Rajiv Kumar
Source: Accord Fintech
2024-06-11 03:01:14 pm
Centre releases Rs 1.39 lakh crore as tax devolution to states to boost development In a bid to enable state governments to accelerate development and capital spending, the BJP-led NDA government released one additional instalment of devolution of taxes, cumulatively amounting to Rs 1,39,750 crore this month.  The Interim Budget 2024-25 had a provision of Rs 12,19,783 crore towards devolution of taxes to states. With this release, the total amount devolved (for FY 2024-25) to states till June 10 stands at Rs 2,79,500 crore. Uttar Pradesh got the highest amount ...
Centre releases Rs 1.39 lakh crore as tax devolution to states to boost development
Centre releases Rs 1.39 lakh crore as tax devolution to states to boost development
Source: IANS
2024-06-11 12:31:25 pm
Investors gain Rs 28 lakh crore in just 3 trading sessions as PM Narendra Modi set to begin 3rd term As Prime Minister Narendra Modi was elected as leader of the NDA Parliamentary party amid the RBI’s monetary policy announcements, the Indian indices on Friday recovered from losses it suffered before the election results, giving investors Rs 28 lakh crore back in just three trading sessions, from over Rs 30 lakh crore loss they had suffered.  The Sensex and Nifty surged more than 2 per cent over positive domestic cues to reach fresh peaks, as investors gained around Rs 7 lakh c...
Investors gain Rs 28 lakh crore in just 3 trading sessions as PM Narendra Modi set to begin 3rd term
Investors gain Rs 28 lakh crore in just 3 trading sessions as PM Narendra Modi set to begin 3rd term
Source: IANS
2024-06-07 05:16:01 pm
Rupee weakens marginally against US dollar on Thursday Indian rupee weakened marginally against US dollar on Thursday as investors are cautiously awaiting the RBI's monetary policy decision and US non-farm payrolls report, both due on Friday. Rupee fell further as stronger-than-expected US services sector data highlighted uncertainty surrounding the expected start of the Federal Reserve's easing cycle later this year. However, some losses were limited by weak American currency and firm domestic equities as Narendra Modi prepares to take o...
Rupee weakens marginally against US dollar on Thursday
Rupee weakens marginally against US dollar on Thursday
Source: Accord Fintech
2024-06-06 12:58:53 pm
BJP-led NDA`s slim majority in Lok Sabha may delay economic and fiscal reforms: Moody's Moody's Ratings in its latest report has said that the BJP-led National Democratic Alliance's (NDA) slim majority in Lok Sabha may delay more far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation. It also expects policy continuity, especially with regards to budgetary emphasis on infrastructure spending and boosting domestic manufacturing, to support robust economic growth.  According to the report, India's fiscal outcomes will remain ...
BJP-led NDA`s slim majority in Lok Sabha may delay economic and fiscal reforms: Moody's
BJP-led NDA`s slim majority in Lok Sabha may delay economic and fiscal reforms: Moody's
Source: Accord Fintech
2024-06-06 11:26:11 am
Adani stocks decline as NDA government not getting clear mandate Adani Ports and Special Economic Zone is currently trading at Rs. 1248.80, down by 336.20 points or 21.21% from its previous closing of Rs. 1585.00 on the BSE. Adani Enterprises is currently trading at Rs. 2931.70, down by 713.65 points or 19.58% from its previous closing of Rs. 3645.35 on the BSE. Adani Green Energy is currently trading at Rs. 1685.00, down by 352.65 points or 17.31% from its previous closing of Rs. 2037.65 on the BSE. Adani Power is currently trading at Rs. 730.00,...
Adani stocks decline as NDA government not getting clear mandate
Adani stocks decline as NDA government not getting clear mandate
Source: Accord Fintech
2024-06-04 02:44:30 pm
Rs 26 lakh crore investor wealth erased after Sensex tanks 3,690 points Indian equity indices saw a steep fall on Tuesday after early counting trends showed a tough contest between the NDA and the opposition INDIA bloc in the Lok Sabha elections.  Investors lost nearly Rs 26 lakh crore due to a steep fall in the equity benchmarks after early trends of the elections started to trickle in Saturday. By 11 a.m. in Tuesday's session, BSE's market cap touched Rs 400 lakh crore, which was Rs 426 lakh crore when the market closed on Monday. Indian m...
Rs 26 lakh crore investor wealth erased after Sensex tanks 3,690 points
Rs 26 lakh crore investor wealth erased after Sensex tanks 3,690 points
Source: IANS
2024-06-04 12:01:00 pm
Sensex, Nifty open 2 per cent down on counting day Sensex went down over 1,500 points on Tuesday as the Nifty dropped more than 500 points amid early trends on Lok Sabha elections counting day.  The Sensex opened 1,544.14 points, or 2.02 per cent, down at 74,924.64, while the Nifty opened 491.10 points, or 2.11 per cent, down at 22,772.80. Nearly 891 shares advanced, 1,572 shares declined while 121 shares remained unchanged. Market experts advised that investors need not rush in to buy even if the results confirm the Exit Poll f...
Sensex, Nifty open 2 per cent down on counting day
Sensex, Nifty open 2 per cent down on counting day
Source: IANS
2024-06-04 09:48:45 am
Kotak Institutional Equities - Strategy: Exit polls 2024: No Drama Exit polls 2024: No drama Exit polls for the 2024 Lok Sabha elections suggest a comfortable majority for the BJP-led NDA, led by gains in East and South India and continued dominance in its traditional strongholds. We expect (1) the equity market to be further energized by the polls (although the numbers are similar to pre-poll surveys) and (2) the government to continue with its economic agenda. NDA may win 360-380 seats, as per exit polls Exit polls for the 2024 Lok Sabha elections...
Kotak Institutional Equities - Strategy: Exit polls 2024: No Drama
Kotak Institutional Equities - Strategy: Exit polls 2024: No Drama
Source: Kotak Institutional Equities
2024-06-03 04:57:27 pm
India Strategy : Exit Polls: Doubt over long term sustainable rally by Elara Capital With exit polls indicating a landslide victory for the  Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), market and investor reactions need to be segregated into short and medium-term rally. Immediate term -- a short rally A short market rally is on the cards on the day of the results (June 4), especially if final numbers align closely with those predicted by the exit polls, given  that the markets were a tad nervous about the final numbers amid reports of ...
India Strategy : Exit Polls: Doubt over long term sustainable rally by Elara Capital
India Strategy : Exit Polls: Doubt over long term sustainable rally by Elara Capital
Source: Elara Capital
2024-06-03 04:46:48 pm
Return of NDA augurs well for Indian economy: Experts The return of Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to power for the third time in succession, as predicted by various Exit Polls, augurs well for the Indian economy as it provides stability and continuity in policy-making, said experts and a broking house.  They believe that the return of NDA will calm down the investors' nerves, as political and policy continuity will be good for risk assets in the immediate run and macro stability in the medium ter...
Return of NDA augurs well for Indian economy: Experts
Return of NDA augurs well for Indian economy: Experts
Source: IANS
2024-06-03 10:55:37 am
ABP News-CVoter Opinion Poll Predicts Return of NDA With Comfortable Majority In 2024 Lok Sabha Elections  A comprehensive Opinion Poll conducted by ABP News and CVoter ahead of the 2024 Lok Sabha elections reveals intriguing insights from the political landscape of India, painting a vivid picture of the electoral prospects for major political alliances. The latest opinion poll, a significant indicator ahead of the 2024 Lok Sabha elections, suggests a projected victory for the Bharatiya Janata Party-led National Democratic Alliance (NDA) with a considerable majority. The data portr...
ABP News-CVoter Opinion Poll Predicts Return of NDA With Comfortable Majority In 2024 Lok Sabha Elections
ABP News-CVoter Opinion Poll Predicts Return of NDA With Comfortable Majority In 2024 Lok Sabha Elections
Source: PR Agency
2024-03-16 03:25:25 pm