While Governor Das was sanguine on government walking the fiscal prudence path--which was missed three out of the five budgets of the Modi government--Acharya pointed to the fiscal slippages as a worry.
Das favoured shifting the stance of monetary policy from neutral to accommodative to send a clear signal, indicating that more measures could be taken in the near future to boost growth.
Inflation in food articles basket was 6.99 per cent In May, 2019, down from 7.37 per cent in April. However, onion prices spiked in May with inflation at 15.89 per cent, as against (-) 3.43 per cent in April.
The Reserve Bank of India has launched an assault on inflation by increasing the cash reserve ratio (CRR) 75 basis points to 5.75 per cent. While sounding upbeat on economic growth, the central bank has kept the door open for an increase in interest rates even before the annual policy statement in April.
In comparison, Flipkart India, the marketplace unit of the country's largest e-commerce marketplace, posted a 750% growth in losses to Rs 20.6 billion.
The economic growth is likely to moderate to 6.1 per cent, slowest in over seven quarters, from 6.6 per cent last year same period.
Rajneesh Gupta gives us all the numbers from the first week of IPL 2020.
Indeed, this might be the easiest way to select India's World Cup team of 15, by picking the top 15, with only No 16 Vijay Shankar perhaps replacing No 13 Khaleel Ahmed to bolster the batting!
In January, the RBI hiked its cash reserve ratio or the amount banks keep with the central bank by 0.75 per cent to 5.75 per cent.
Putting to rest speculations over the price of its recently launched Mini booklet 3G, Finnish handset major Nokia on Wednesday said it will retail globally the personal computer at 575 euro (about Rs 40,000).
Graeme Swann and Stuart Broad ripped through South Africa's top order to put England on the brink of victory on the fourth day of the second Test on Tuesday.
Japanese automobile major Nissan Motor Company and Hinduja Group's flagship Ashok Leyland are looking to fortify their management teams for Light Commercial Vehicle joint venture.
Romania's Marian Dragulescu outclassed Olympic champion Zou Kai to pick up his fourth floor exercise title at the world gymnastics championships on Saturday.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
The rise in the number of coronavirus cases has gained pace significantly. It took 110 days for the number of cases in the country to reach one lakh but just 53 days more to race past the eight-lakh mark.
Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the Reserve Bank of India. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.
Growth remains weak, inflation is within 2-6% range, rate cut would help recoup forex reserves
The RBI, had, earlier in the day, hiked CRR by 0.75 per cent in two tranches, a move, it said, would help flush-out Rs 36,000 crore (Rs 360 billion) from the system.
Hero Honda, the country's largest and most valuable two-wheeler company, said it logged sales of 370,575 two-wheelers in April, up 29.5 per cent from April 2008.
Herschelle Gibbs has been slapped a hefty maintenance claim by his estranged wife Tenielle, which could see the South African cricketer lose a major chunk of his Indian Premier League earnings. The latest trouble marks yet another personal low for the discarded opener, who was recently arrested for drunk driving.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
With this, deposits with a maturity of 181 days to less than one year will now carry an interest rate of 5.25 per cent against 5.75 per cent earlier.
The Supreme Court on Tuesday asked the worst Covid-19 affected state of Maharashtra to be more vigilant and make concerted efforts in identifying and sending the migrant workers still stranded there to their native places. The top court, which directed all states and Union territories to transport all stranded workers by train, bus or other modes within 15 days, said there were "huge lapses" by the Maharashtra authorities in dealing with the issue and asked the government there to announce a suitable place for their registration.
To a specific question on the change in RBI's stance from "neutral" to "accommodative", Das said it means that there will not be any rate hike from here on.
Evidence from a large study of several thousand patients shows that men have higher concentrations of angiotensin-converting enzyme 2 in their blood than women. Since ACE2 enables coronavirus to infect healthy cells, this may help to explain why men are more vulnerable to COVID-19 than women.
The local currency had gained 10 paise to close at 63.51.
Onion prices, however, continued to rule high with 79.78 per cent increase in September.
The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- declined from 52.5 in April to a three-month low of 51.6 in May.
Contrary to popular belief, it does make sense to live on rent in your dream house, and own a smaller property, says Manish Shah.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Greater global integration and improving macroeconomic fundamentals have placed Indian capital markets on the radar of investors the world over with the net portfolio flows being pegged at Rs 1,57,500 crore (Rs 1,575 billion) billion) for 2003-06.
Tatas may look at selling part of its stake in couple of investments
The government is understood to have decided to issue letters of intent to all applicants seeking permission to start telecom services and is expecting that at least six companies will convert them into pan-India licences after submitting over Rs 10,000 crore (Rs 100 billion) as initial licence fee.
The Indian corporate bond market with gradual pace of reforms may see roughly a four-fold rise in size to reach $1.5 trillion by 2016, according to a Goldman Sachs report on the debt market. Within this market, which is crucial for raising long term resources for infrastructure projects, the private bonds segment could grow nearly six fold from $100 billion to $575 billion.
Sun Pharma and TCS winning big amid recovery in broader market
Economist Arvind Panagariya is the vice-chairman of NITI Aayog, while economist Bibek Debroy and scientist V K Saraswat are the two full-time members of the Aayog.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
NSSF collections are down by 68% over last year. Investors are preferring banks, mutual funds and insurance policies for investments over the National Small Savings Fund. In order to deploy the surplus, the NSSF plans to lend Rs 1,500 crore to India Infrastructure Finance Company Ltd at 9 per cent interest. To save the fund from collapsing, the finance ministry included 5-year Post Office Time Deposits and Senior Citizens' Saving Scheme under Section 80C for tax exemption.
590 cricketers -- including 370 Indian players and 220 overseas players -- will go under the hammer during the two-day mega auction in Bengaluru on February 12 and 13.
ENPC MBA Paris has announced scholarships for Indian students, in association with the French Government.
