Even with the Rs 20,000 crore distributed among states, it will still be a fraction of what they have been demanding in financial support and clearance of pending dues.
To tide over the difficulties due to incessant shutdowns, several farmers in Maharashtra have turned into aggregators and started selling their produce without the help of mandis or agents. They have started contracting with bulk consumers like hypermarkets and co-operative housing societies to sell their produce directly.
The Reserve Bank on Tuesday nudged banks to cut lending rates.
The repo rate, at which the central bank lends short-term money to other banks, will continue to stay at 6 per cent.
This comes against the backdrop of instances of indicative ratings given by agencies, for which there are no written agreements.
The Centre's fiscal consolidation resolve led to the cut in banks' mandatory SLR for the second time in a row, RBI Governor Raghuram Rajan said on Tuesday, hinting at more such liquidity enhancing steps in tandem with the government's action on fiscal deficit.
Goyal said India has been recognised as brightest spot in the world in last five years.
Highlights of the RBI monetary policy.
In the second policy review under Governor Shaktikanta Das, the six-member Monetary Policy Committee voted 4:2 in favour of the rate cut.
The seasonally adjusted Nikkei India Services Business Activity Index fell to 50.2 in May, from 51.0 in April, pointing to the slowest growth rate in the current 12-month stretch of expansion.
Sentiments on domestic economic activity appear to be reviving, RBI said, adding that there are early signs of modest strengthening of corporate sales and business flows.
Because all work and no play makes Jack a dull boy :-)
The central bank says supply-side concerns need to be addressed; bank capital also a challenge.
The International Boxing Association (AIBA) on Wednesday constituted a five-member ad-hoc committee for finding a group which would organize and administrate the sport in India.
Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.
The RBI, which has been keeping rates at an elevated level citing high inflation, wants it to come down to 6 per cent by January 2016.
Two bikes launched by Yamaha -- FZ F1 and FZ-S F1 -- are a bit expensive considering their mileage-enhancing technology. Still they will manage to reign over India's youth and steal market shares from Honda CB Trigger and Suzuki Gixxer 150
The bank said that it has retained interest rate on savings bank deposit at 3 per cent for customers with balances above Rs 100,000. Customers with SB balance up to Rs 100,000 will continue to get the rate of interest at 3.50 per cent despite cut in the repo rate by the RBI earlier this month.
With the surrender of Gujarat police officer Dr N K Amin, state CID hopes that it could know exactly how Kauser Bi, wife of fake encounter victim Sohrabuddin, was killed in Ahmedabad in 2005.
Sports Illustrated Magazine launched its iconic annual Swimsuit Issue in Mumbai with a swimwear fashion show by designer Ambika Sanjana -- take a look.
The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue.
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Seeking to distance itself from the controversy surrounding L Sarita Devi's semi-final loss at the Asian Games, recently-elected Boxing India (BI) President Sandeep Jajodia said the matter is for the IOA to resolve with world governing body, AIBA.
'If you are being paid less than your male colleagues, file a complaint about it, make a noise... If you are being given a hard time over issues like maternity leave, complain to your boss's wife! Be innovative. Get involved.' On the sidelines of the Jaipur Literary Festival, legendary activist Gloria Steinem interacted with a select group of journalists, including Rediff.com's Sanchari Bhattacharya, and addressed an array of issues including the Pope, prostitution and personal victories.
Facing a tough electoral challenge, Bihar Chief Minister Nitish Kumar is seeking his 'mazdoori' (wages) in the form of votes for his work 'in ensuring peace and harmony, development and establishing the rule of law that brought about a marked change' in the state.
Sachin Tendulkar will once again step out in white flannels on the hallowed Lord's turf leading the Marylebone Cricket Club XI against Shane Warne-led Rest of World XI in a bi-centenary celebrations match in London, on Saturday.
With the heat and dust of elections over, Narendra Modi on Monday said it is time to resurrect the spirit of bi-partisanship in Indian politics which was temporarily lost in the poll campaign.
In its Fifth Bi-monthly Monetary Policy Statement, 2017-18, RBI said the second quarter growth was lower than the one that was projected in the October review, and the recent increase in oil prices may have a negative impact on margins of firms and Gross Value Added (GVA) growth.
Presenting the Interim Railway Budget for 2014-15, Mallikarjun Kharge announced that new trains will be introduced.
The wider NSE Nifty too ended 21.55 points, or 0.21 per cent down at 10,476.70.
The concerned official is known to have worked with one of the arrested senior IPS officers, D G Vanzara, when he was heading the Ahmedabad Crime Branch.
"We have taken the three accused IPS officers -- D G Vanzara, Rajkumar Pandiyan and Dinesh Kumar M N to different places including a farm-house where Kausar Bi is suspected to have been eliminated," a police source said.
RBI governor Raghuram Rajan said that fighting inflation would continue to be a top priority for central bank.
For July-September, it pegged CPI-based retail inflation at 4.2 per cent which it saw firming up to 4.8 per cent in the second half of the current fiscal.
The rate of price rise in the vegetable segment almost doubled to 7.47 per cent as against 3.92 per cent in September.
Director Sekhar Kammula talks about the experience of shooting Anamika, the bi-lingual (in Tamil and Telugu) remake of the Hindi hit film, Kahaani
The Centre on Thursday placed before the GST Council two options for borrowing by states to meet the shortfall in GST revenues, pegged at Rs 2.35 lakh crore in the current fiscal.
The 41st meeting of the GST Council, to be held via video conferencing, has just one agenda for discussion -- making up for shortfall in states' revenues, sources said.
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