Food costs jumped up year-on-year.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
Earlier, India said the headline annual consumer price inflation accelerated to 5 per cent, compared with a 4.4 per cent print in November.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
The central bank also said accepting money under such structures was a cognizable offence
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
The government is now contemplating issuing an executive order to implement these measures, which would need to be approved by lawmakers within six weeks of the opening of the next session of parliament, scheduled for the beginning of February. India's president would also need to agree.
Modi orders coal, insurance sector reforms.
Modi, who was elected in May with a mandate to provide jobs and economic growth, has seen his reform agenda stymied by controversial statements by lawmakers in his party
Imports of machinery and transport equipment grew about 40 per cent month-on-month
Rajan said an interest rate cut won't by itself lead to higher economic growth
Deals will cover oil exploration and supply, infrastructure and an increase in direct diamond sales to India
The Reserve Bank of India kept interest rates unchanged at 8.0 percent on Tuesday as widely expected, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth.
Analysts expect modest recovery in Indian economy.
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Large state-run entities and business houses will not be allowed to set up small finance banks, which will have to comply with statutory reserve requirements.
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
Direct contacts between Obama and Prime Minister Narendra Modi this month helped to end a deadlock that had prevented the WTO from implementing a $1 trillion package of reforms.
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