Gold import this financial year is estimated at 945 tonnes.
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.
FM he did not come down hard on Rajan to cut rates
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
'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.
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.
Blames govt for raising fiscal deficit by financing consumption-based subsidies rather than focusing on infra.
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.
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.
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.
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
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.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
Chief Economic Advisor Arvind Subramanian's interview.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
Make In India and the reduction in barriers of trade will potentially create a growth environment.
Total subsidy bill could come down to around Rs 2 trillion.
Jaitley's Budget has the potential to change the face of Modi's Bharat
The policy statement by the RBI governor is also expected to be upbeat.
The basics and history of India's tax policy suggests that increase in the number of taxpayers has occurred and so has compliance with a reduction of tax slabs and moderate rates of tax.
'The 24x7 power for all vision is inspiring, because as we've so often seen, where India leads, the world follows,' says Rajiv J Shah, President, The Rockefeller Foundation.
Don't get carried away by the current rally; be picky and take a stock-specific approach.
CRR remains unchanged at 4%; first repo rate cut since May 2013.
The excise duty on unbranded petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre.
Getting the balance between fiscal restraint and growth-contracting policy remains a problem.
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
It makes sense to wait for govt schemes such as gold bonds.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Gold has pushed lower as a result of Chinese selling.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
All these measures will revitalise the manufacturing sector, which has been in doldrums.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
A glance back at some important events that occurred in 2018.
