Category: Finance
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Indian Markets Hit Record Highs Amid Special Trading Session
During a notable special trading session on March 2, Indian benchmark indices, including the Sensex and the Nifty, reached record-breaking highs. Nifty opened tremendously at 22,400, while the Sensex soared to 73,982.12. The market activity was part of a special operation to evaluate the disaster recovery systems of the exchanges. The first half of the…
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Bulls Charge on Markets Amid Strong GDP and In-Line US Inflation Data
A surge in the Indian stock market marked a triumphant session as BSE Sensex leaped over 1,000 points, achieving a fresh record high of 73,574. The rally extended to the Nifty50, which also established a new zenith by surpassing the 22,300 threshold. This exceptional market performance was underpinned by the burgeoning market capitalization of all…
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Finance Minister Targets Congress Amidst Budget Session Concluding Week
During a sharp attack in the debate on the Indian economy, Finance Minister Nirmala Sitharaman criticized the Congress-led United Progressive Alliance (UPA) government, calling it “rudderless and leaderless,” and accusing Sonia Gandhi of acting as the “Super Prime Minister.” While contrasting the economic performance of the UPA from 2004 to 2014 with that of the…
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Political Tug-of-War: Karnataka’s Tax Devolution Debate Intensifies
Amidst a public demonstration led by Karnataka Chief Minister Siddaramaiah in New Delhi, accusing the central government of fiscal ‘injustice’ in terms of tax devolution and grants-in-aid, Finance Minister Nirmala Sitharaman delivered a staunch rebuttal. In the Lok Sabha, Sitharaman clarified that the state had received an increased share of central taxes and grants-in-aid under…
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Fractures in India’s Fiscal Federalism: Southern States Protest Unfair Tax Treatment and Borrowing Limitations
Amidst growing protests from southern Indian states, Karnataka took to the streets of Delhi, accusing the Centre of withholding its fair tax share, thus hampering its development capabilities. Kerala and Tamil Nadu also raised alarm over financial neglect and impending protests. The fissures in India’s fiscal federal framework drew attention with West Bengal Chief Minister…
