Finance Minister Nirmala Sitharaman answers Congress claims that internship, Angel tax abolition & other ideas were borrowed by BJP in the Budget. She also says jobs are getting added but maybe not so many in the formal sector. FM points out that three out of five scheme packages in this Budget are for jobs. Self-employed … Read more
Finance Minister Nirmala Sitharaman says people will pay less than what they have been paying even with indexation. “What they are going to pay at 12.5% is less than even what they have paid if the indexation were to be there. So, enough work was done in consultation with people who advise us on these … Read more
Rohan Verma, CEO & ED, MapMyIndia, says like there is UPI for payments or Aadhaar for people identification, the ULPIN or the MapMyIndia equivalent or linked ID called Mappls Pin can provide capabilities to reduce court disputes on land ownership, and provide economic empowerment or financial inclusion for everybody as well as proper city and … Read more
Swaminathan Aiyar, Consulting Editor, ET Now, says we should expect a Trump win and prepare for it even if that turns out to be wrong. That leads to the worst-case scenario. Suppose immediately he puts a 10% tariff on everybody, 60% on China. Everybody will be obliged to retaliate. The European Union will retaliate. Mr … Read more
Siddhartha Sanyal, Chief Economist & Head-Research, Bandhan Bank, says there is no urgency on the part of the government or the finance ministry to cut down their projected fiscal deficit or the borrowing number at this moment, possibly they can afford to take a call on that at a later date. But in general, with … Read more
Hemang Jani, Independent Market Expert, considers defence and railways as purely momentum plays and says that maybe it will last up to whatever it has to last because we never thought one year back that some of the PSU stocks could go up by 10, 15, 20, or 30 times. So, the momentum can surprise … Read more
Santanu Sengupta, Chief India Economist, Goldman Sachs, says India’s public debt to GDP at 80% plus is one of the highest among EMs. So though India has had high growth, over a period of time. that debt to GDP number needs to consolidate below 80% and probably get closer to 75%. That is why the … Read more
Hemang Jani, Independent Market Expert, says both in India and the US, the markets have run up quite sharply. There is an incremental upside because these developments may be not very significant and we have to be slightly more careful because the market is pricing in the best-case scenarios and incremental news flow in terms … Read more
C Vijayakumar, CEO & MD, and Prateek Aggarwal, CFO, HCL Tech, in conversation with ET Now. Vijayakumar says that in Q4, HCL did about $2.3 billion booking, in Q1, HCL did a $2 billion booking. They expect all the verticals and geographies, except financial services to sequentially grow in Q2. The CEO & MD is … Read more
Swarnendu Bhushan, Co-Head of Research, Prabhudas Lilladher, says over the next two to three years Oil India will be giving a sharper production growth in both oil and gas compared to ONGC where although they have commenced production from KG-DW N-98/2, crude oil and gas production both are falling. Even April and May data show … Read more
