Business

The Society of Indian Automobile Manufacturers has also asked Jaitley for an incentive scheme for scrapping of old vehicles in the Budget.

Rajan said that macroeconomic stability during the global turmoil cannot be risked

The Chinese markets opened in negative territory with the Shanghai composite down 2.51% after losing all of its 2015 gains last week, falling by 9.97% in just five days.

Dow Jones Industrial Average have a miserable start to the year 2016.

The NSE Nifty remained under pressure and dropped 43.65 points or 0.56 per cent to close the day at 7,741.00. From the Sensex kitty, ITC was the worst-hit, down 2.96 per cent followed by ICICI Bank at 2.59 per cent.

The customary mid-year review outlines the outcome of the analysis of the trends in receipts and expenditure at the end of first half of the fiscal.

The output of mining and quarrying sector rose to 3.2 per cent, from 1.4 per cent a year ago.

The broader NSE Nifty, however, succumbed to late-selling in blue-chips and ended in the red by falling 7.45 points, or 0.09 per cent, to close at 7,935.25.

Dealers attributed the rupee's fall to fresh demand for the US currency from importers and banks.

The factory output had grown by 2.6 per cent in September, 2014.

Earlier, CBI had opposed the stand of Bagrodia seeking parity with the former Prime Minister saying that the legal provisions challenged by both of them were different.

Despite the slowdown in new order growth, manufacturers recruited additional workers in October.