Business

Lok Sabha sources said the 61-year-old Minister felt back pain and was once seen leaning on the lectern.

Jaitley may announce scrapping of the provision of retrospective taxing of corporate mergers and acquisitions.

"We would also like to participate in the high-speed train project too, if given an opportunity," Philippe Lorand said.

There are numerous systemic deficiencies that are crying for attention on the railways.

Jaitley will give more realistic fiscal deficit target for this fiscal year than the 4.1 per cent of GDP the previous government set.

A majority of economists expect Jaitley to cut giveaways on fuel and petroleum products to reduce India's $40 billion subsidy bill.

The survey said that stable and long-term trade policy with respect to export of agricultural products is essential for increasing productivity.

The growth slowdown in the last two years was broad based, affecting in particular the industry sector.

The rupee on Tuesday recovered by 8 paise to 59.93 against the US dollar in early trade at the Inter bank Foreign Exchange market on increased selling of the American currency by exporters.

The comments came after Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10.

The Nifty ended June series below 7500, down 76.05 points at 7493.20.The Sensex was down 251.07 points at 25062.67.

NAFED can store up to 300-400 tonnes of onions and can increase its capacity further, they said.

The BSE 30-share index began lower and gradually slipped further to touch day's low of 25,104.50.

"I don't think it is (fiscal consolidation) that hard, because when you look at many of the schemes, you have the spending, you have the leakages," Patnaik said.

Ending the day above 7,600 for the first time in history, the Nifty settled at 7654.60, up 71.20 points or 0.94 percent while the Sensex was up 183.75 points or 0.7 percent at 25580.21.

India highlights the entry of Indian IT firms into Chinese markets as an important step by China to address the over USD 35 billion trade gap between the two countries.