John McCain's top economic adviser suggests that Obama may be dragging down the greenback
At present, deposits, accrual of interest and withdrawals are tax free under the scheme.
The broader economy risks a potential flight of foreign portfolio capital, therefore pressure on the rupee and more bad news on the stock market, warns T N Ninan.
The RBI-sponsored survey by professional forecasters has revised the growth projection for the current fiscal downward to 7 per cent, which is lower than the central bank's projection of 7.6 per cent.
An interview with Jignesh Shah.
Time opportune before state polls as inflation is moderating.
Reserve Bank on Tuesday raised key interest rates by 25 basis points, its 13th such hike since March, 2010.
Costly inputs, dearer loans, volatile rupee squeeze profits, margins in Q2.
Abheek Barua & Bidisha Ganguly explain why the US treasury should intervene if the overvalued greenback continues to rise.
Housing loan customers may have to repay part of their borrowings or suffer very high EMIs, as there is a scurry among banks to avoid bad debts following successive interest rate hikes in the last six months.
Economists said the full cascading impact of the sharp raise in diesel, LPG and kerosene prices announced on May 24, would be visible from July onwards when inflation could touch the double digit mark.
The unemployment rate in India has shot up to a five-year high of five per cent in 2015-16, with the figure significantly higher at 8.7 per cent for women as compared to 4.3 per cent for men, says a report by Labour Bureau.
Over 1,800 dead in just over a week! The bristling summer continues to claim lives across India as temperatures soar between mid-to high-40 degrees. And there's no respite in sight for at least the next couple of days.
The team of Chingari Gulf Titans stunned Mumba Masters by 12:3, while SG Alpine Warriors were upstaged by Triveni Continental Kings
What this means is that India's choices will be limited to some French and Russian companies, when it comes to seeking nuclear power reactors, because even major American companies like GE and Westinghouse, which manufacture atomic reactors and have expertise in this area, have tie-ups with Japanese companies like Toshiba, which will not sell such equipment to India. Without Japan's nod, India's choices remain almost as limited as they were before the Indo-US civil deal.
Air pollution has fallen, but rivers remain dirty, says Rema Hanna, an academic who has studied pollution in India.
Shrinivas Sainis Dattatraya, 39, went missing on Friday from camp IV situated at an altitude of 8,400 metres while returning from the Summit, said Mingma Sherpa, chairperson of the Seven Summit Trek, which organised the expedition.
As he continues to live his dream, Novak Djokovic is also staking his claim to the mantle of greatest tennis player of all time.
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
All-rounder Corey Anderson has been ruled out of New Zealand's tour of Australia with a back injury and been replaced by Mitchell Santner, the team said on Monday.
Acting on reports of the Intelligence Bureau about his movement, Delhi police had been hot on Tehsin's trail for a few weeks, says Vicky Nanjappa
The Reserve Bank of India (RBI) is likely to reiterate its view that it would be comfortable only with holding companies at the top in financial services groups when it releases final guidelines on setting up bank holding companies or financial holding companies by November 15.
Nacho left his team mates stunned as he tried to clear a cross in the 13th minute and headed the ball into the net.
Ril's shale gas may be impacted due to fracking ban
Images from the UEFA Champions League matches played on Tuesday night.
My followers and devotees will not have to suffer the trauma of seeing me accept that something wrong has happened under my watch, observes Aakar Patel.
'Think of the poorest retail investor before you decide to go for an IPO'
The results for the bypolls in Uttar Pradesh, Madhya Pradesh, Karnataka, Bihar, Telangana, Maharashtra, Punjab and Tripura were announced on Tuesday.
'In that dark tunnel, we spent our energy searching for a ray of hope.' 'It was tough; nobody can even imagine the conversations we had.' 'Laughter had disappeared from our lives.' 'I would tell my daughters, I might go mad.'
Citigroup Global Markets veteran Rajiv Nayar is cautiously optimistic as he sees bouts of risk-on and risk-off sentiments affecting capital raising by Indian companies.
Green will have a period of rest ahead of the tour of India
Out of the total 49 local bodies situated in tribal areas where polls were held in two phases earlier this month, the ruling BJP candidates won the post of chairman/mayor of local bodies at 36 places and their allies won two seats. The Congress managed to win only at seven places while independents captured four chairman/ mayoral posts
The gross domestic product growth in the January-March quarter of 2010-11 was 9.2 per cent, according to the government data released on Thursday.
According to a tweet by the weather expert, the icy, severe chill would be experienced between January 14 and 19 and is likely to be at its peak from January 16 to 18.
Unemployment rate in the country has zoomed to a high of 8.3 per cent in December, the highest in 2022, according to data from Centre for Monitoring Indian Economy (CMIE). The unemployment rate during November was at 8 per cent, while in September it was the lowest at 6.43 per cent and was at the second highest level during the year at 8.28 per cent in August, the CMIE data stated. While the urban unemployment rate was at 10 per cent during the last month of 2022, rural joblessness stood at 7.5 per cent during December.
The government recently lowered the gross domestic product growth target for the current fiscal to 7 per cent from the earlier estimate of 8.5 per cent.
The government has budgeted to cut the fiscal deficit to 3.3 per cent of GDP or Rs 6.24 lakh crore in 2018-19, from 3.53 per cent in the previous financial year.
The wholesale price index's annual rise compared with a 7 per cent jump forecast by economists in a Reuters poll.
The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
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