For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Restricted by state government orders, the ownership of such land could not be formally registered, so the advances made continued to be reflected in the accounts as 'advances against land'.
However, dealers said that most of the rupee's gains were lost on consistent dollar demand from state-run oil refiners and other importers.
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
India perhaps is the only market in the world where full-service and low-cost fares have become one.
Though the NDA government had been trying to privatise 20 companies, a decision for which was taken in 2017, and included national carrier Air India, the investor community evinced little enthusiasm for any of them. Now, with an in-principle approval for privatisation of BPCL, CCI and SCI, the government has taken the plunge again.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
India may hold the promise of a big market for China, but that promise is yet to be fulfilled
It said the by-election will be held in 'due course when the vitiating effect created by the distribution of money and gift items to allure the electors...gets removed with the passage of time'.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
Govt keen to revive business sentiment in india.
'She should review her strategy of social engineering and get back to the BSP's initial plank of social change.'
Govt says coastal road is meant to decongest Mumbai, experts believe it would be counter-productive.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
West Indies registered a controversial two-run victory against Zimbabwe to enter the quarter-finals of the ICC Under-19 World Cup in Chittagong, on Tuesday.
For now, the upside appears to offset damage done to exports by weaker global demand.
Signs of a strong pickup in hiring by companies are adding to the rosier outlook for Indian households.
Here are highlights of the 68th Republic Day parade.
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
Two young cyclists have embarked on a cycling tour across India with an aim to support girl child education.
Equity investments are fruitful over the very long 20-year term.
Implementing the Food Ordinance is the bigger challenge and there are many provisions of the National Food Security Bill which need to be expanded and strengthened.
A summary of sports events and persons who made news on Wednesday.'
Switzerland struck twice in quick succession to stun Euro 2016 champions Portugal 2-0 in a World Cup qualifier on Tuesday and hand them a first competitive defeat in two years under coach Fernando Santos.
'The Left's decline is now a reality, both nationally and in West Bengal.'Behind it lie: Ideological rigidity and confusion, outdated party programmes... a socially conservative upper-caste leadership,' says Praful Bidwai.
Skipper Manoj Tiwary showed the way as Bengal produced a much improved batting performance in the second innings against Mumbai in a group A encounter in Nagpur. After Ashok Dinda's 22nd five wicket haul in first class cricket enabled Bengal to restrict Mumbai to 229, Bengal scored 198 for 3 in 61 overs.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
Portugal's football team captain Cristiano Ronaldo's agent has revealed that the forward would play out the rest of his career at Real Madrid, shunning reports of a return to Manchester United.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
