How Satyendra Sahay lost 24 kilos in 6 months will inspire you too.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
Alas, the 'basic income' schemes that have hit the headlines in the recent past are a far cry from the genuine article in terms of coverage and fiscal implications, says Vijay Joshi.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
The Finance Ministry on Thursday said the growth rate in the current financial year will accelerate to 5.8 per cent, better than previous estimates, saying the green shoots of economic recovery are now visible.
Indian economy about to take-off
The Budget sets out a comprehensive vision.
Most expect the Budget to be path-breaking.
Honest tax payers need not worry about the new black money law, says finance minister Arun Jaitley.
In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.
After making a larger-than-expected cut of 50 basis points on September 29, Rajan urged the federal government to do its bit to accelerate growth through structural reforms.
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
Both the government and RBI have to complement each other if the economy has to revive quickly.
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
The Reserve Bank left interest rate unchanged.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
The biggest disappointment was the compromise on the promised corporate tax reduction path.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
'If we play our cards right, we may even benefit from the competition between the US and China as seen from increased investment from each of these countries into India.' 'The size of our market gives us an important lever of power which we shall have to play adroitly and intelligently,' points out Ambassador Gautam Bambawale -- who served as India's envoy to China -- in the Professor V M Dandekar Memorial Lecture 2019, delivered on March 8, 2019 in Pune.
Clarity on the roadmap necessary to assess its likely impact on near-term fiscal health and investment.
Gold import this financial year is estimated at 945 tonnes.
Petrol and diesel will cost Rs 2 a litre less from Wednesday after the first excise duty cut by the Modi government comes into effect.
FM he did not come down hard on Rajan to cut rates
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
Blames govt for raising fiscal deficit by financing consumption-based subsidies rather than focusing on infra.
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
Earlier, the RBI cut its policy interest rate to 6.75 per cent.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
If economic growth does not accelerate soon, lower profits and the expectations that accompany them will further deter private investment.
Perhaps for the first time, petrol in India costs more than the superior jet fuel (ATF) used in aeroplanes, as the government has levied a record excise duty on the fuel used in two-wheelers and cars.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
Chief Economic Advisor Arvind Subramanian's interview.
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