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Overall, the Budget was a well-balanced one, with a focus on rural and agricultural sectors, and the common man. Expenditure towards agriculture, rural development, healthcare, infrastructure and education sectors has been increased.
Read MoreThe upcoming Union budget will be the last one for the Modi-led government, before the general elections in 2019. Therefore expectations are high for final reforms push, and at the same time there are fears that it could be a bit populist.
Read MoreThe finance ministry announced some revision to the borrowing programme. It said that the government will raise additional market borrowings of Rs. 50,000 crore in FY18 (January to March 2018) through dated government securities (G-Secs)
Read MoreThe RBI Monetary Policy Committee (MPC) kept the key policy rate (repo rate) unchanged at 6%. Consequently, the reverse repo rate remains at 5.75%, and the Marginal Standing Facility (MSF) rate and Bank Rate remain at 6.25%.
Read MoreThe Monetary Policy committee (MPC) presented its fourth monetary policy for the fiscal year on October 04, 2017. In line with our expectations, the MPC voted (5 - 1) in favor of keeping the policy repo rate unchanged at 6.00%, while maintaining the ‘neutral’ stance of the monetary policy and remaining watchful of incoming data.
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