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India's economic growth slipped to decade low of 5 per cent in 2012-13 and in the current fiscal it estimated to be around the same level.
The government on Friday reduced the import tariff value on gold and silver to $420 per 10 grams and $645 per kg, respectively, taking cues from firm global prices.
Declining value of the rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases are some of the key issues which will keep Raghuram Rajan busy.
Looks at sovereign funds and Fortune 500 firms.
Chidambaram said banks have been asked to strictly adhere to the norms on gold imports.
The West Bengal state government has delayed project approvals. And now, the IT giants may look at other states as the centre is thinking of giving sops to SEZs
Subdued Asian and European markets due to escalating trade war between the US and China mainly led to caution on domestic bourses, brokers said.
Fresh dollar selling by exporters on hopes of fall in the USD after downward revision to that country's first quarter GDP growth also helped rupee recover as hopes surfaced that the Fed may delay the plan to taper of monetary stimulus.
The CAD, which represents the difference between exports and imports after considering cash remittances and payment, widened to a record high of 5.4 per cent of gross domestic product, or $22.3 billion, in the July-September quarter.
The price of gold in India shot up 2.3 per cent in the past week.
FM feels it will help to bring down imports.
He also suggested reducing interest rates would help stimulate growth.
The 3-month, 6-month and 12-month USD-rupee forecasts are 55, 53 and 52 respectively.
A high import of the metal is putting pressure on current account deficit.
Sukanya Verma tells us just what makes Mirch Masala a must watch.
Union Commerce and Industry Minister Anand Sharma takes on Narendra Modi, says: Gujrat cannot be sold as a model state as it has many flaws.
The overall inflation in March fell to 5.96 per cent.
Established in 1986, Rail Coach Factory (RCF), a manufacturing unit of Indian Railways has manufactured around 16,000 passenger coaches of 51 different types including self propelled passenger vehicles which constitute over 35% of the total coaches in the Indian Railways.
Out of 389 SEZs notified, 170 are operational, Export Promotion Council for export-oriented units and special economic zones (EPCES) said in a statement.
The Fisc and savings-investment gap lie at the heart of policy responses.
Earlier, the RBI had imposed similar restrictions on commercial banks and NBFCs.
The CAD, which is the difference between inflow and outflow of foreign currency, 'widened from 5.4 per cent in Q2 (July-September) to a record high of 6.7 per cent of GDP in Q3, driven mainly by large trade deficit' RBI said in its report on Balance of Payments.
Unsustainable CAD, sticky inflation & impact on pace of rate cuts all worries for FY14.
The Vijay Kelkar committee has cautioned that India's current account deficit (CAD) might rise to a record 4.3 per cent of gross domestic product (GDP) in 2012-13 if reforms to address this do not take place.
Positive for banking, infra, FMCG and real estate.
As many as 1,578 dedicated COVID hospitals are providing quality medical care.
Sukanya Verma offers an onscreen recap of this onscreen wild child.
It will help to stop widening of Current Account Deficit.
The banks says that valuations are reasonable.
From omnichannel to AI and 3D technology, the fashion industry is in the middle of a digital revolution.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
In August 2013, import duties on gold, silver and platinum were hiked to 10 per cent in order to curb the surging imports and also to check CAD.
The rupee had lost 10 paise to close at 54.62 on Monday.
Govt proposes to introduce redeemable gold bonds.
CAD touched a historic high of $88 billion in 2012-13.
Current account deficit occurs when a country's total imports of goods, services and transfers is greater than the country's total export of goods, services and transfers.
The rupee has been on northward-ho since July, after hitting a life-time low of 57.13 mid-June. Since the beginning of the year, the local currency has gained over 7 per cent, and still it is down 18 per cent from its pre-August 2011 highs.
Externally, the global economy is stabilising, with better growth is expected this year.
The film stars Saif Ali Khan, Deepika Padukone and Diana Penty in lead roles and is written by Imtiaz Ali.
The film stars Saif Ali Khan, Deepika Padukone and Diana Penty in lead roles and is written by Imtiaz Ali.
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