The increase was led almost entirely by foreign currency assets
Price rise in services sector after the goods and services tax (GST) gets implemented and the pay hike of central government employees will make inflation control a tough job for the central bank
RBI is expected to discuss about the impact of GST in its monetary policy.
The travel period for which the discount is being offered ends on April 30 next year.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand.
According to sector estimates, it takes at least six months to develop a route.
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
Analysts, however, said the timing of the infusion was good.
A strong currency helps in fighting some of the import-led inflation.
Indian tourists are increasingly settling for other destinations such as Southeast Asian countries, Australia, and New Zealand.
According to Subbarao, the pressure on the currency was inevitable.
Subsequent data revisions revealed that growth had not slowed that sharply.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
If money allocations, investment commitments are a sign of better things to come, the state can be optimistic.
Banks had raised about $34 billion through the FCNR (B) from deposits from NRIs in September 2013.
In 2015, 130,000 Indians visited Turkey.
A Mumbai-Delhi air ticket is now available upwards of Rs 3,700 for next day travel on all airlines.
Tamil Nadu's finances most stressed, with gross fiscal deficit estimated at Rs 31,830 crore.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances