The Reserve Bank in its first mid-quarter policy review on Monday kept the key interest rates unchanged because of elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows.
Given the volatility of the global marketplace, India is already on a strong wicket and well poised to provide a lucrative option to foreign investors.
Finance Minister Arun Jaitley said the excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.
Rupee is seen strengthening against the dollar.
After the April-July fiscal deficit data was released on August 31, several analysts hinted that the government may need to go for cuts in capital expenditure to meet the fiscal deficit target.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
The EU is likely to intensify sanctions if the situation remains tense.
The rule required firms to mandatorily export 20 per cent of the gold they had imported.
"The issue in Iraq is still an area of uncertainty.
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
Rupee hits 2-month low, down 21 paise against dollar.
Devangshu Datta walks you into the mind of the winner of the Fields Medal, considered by pure mathematicians as the equivalent of the Nobel Prize.
Despite the various steps taken by the central bank, the pressure on the rupee has continued, which is mainly due to global factor
Prime Minister Narendra Modi arrived in Abuu Dhabi on Sunday on a two-day visit to the strategically important United Arab Emirates during which he will hold talks with the country's top leadership to enhance cooperation in key areas of trade and security and address the Indian diaspora.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
Gross non-performing assets of public sector banks surged to 9.32 per cent (Rs 4.76 lakh crore) of advances in 2015-16, from 5.43 per cent (Rs 2.67 lakh crore) in 2014-15.
With terror and investments high on his agenda for talks with the UAE leadership, Prime Minister Narendra Modi on Sunday began his two-day trip to this strategic Gulf nation with a visit to the historic Sheikh Zayed Grand mosque, the world's third largest.
As of June, the gross NPA of nationalised banks was 3.89 per cent and State Bank Group at 5.50 per cent.
One of the major advantages of buying Iran crude is the additional credit period of 90 days that the country gives to India, compared to 30 days by other countries.
We only correct the volatility of the rupee, he said.
India's economic confidence improved last month in view of falling food prices and growth in exports.
The Bangalore-headquartered firm had posted a net profit of Rs 1,623.3 crore (Rs 16.23 billion) in the year-ago period, it said in a BSE filing.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Industry is displeased over the failure of the National Manufacturing Policy, which has failed to invite any sizeable investment since it was launched more than two years ago.
'But the world would be much poorer without economics' contribution to understanding how societies function and without economists' suggestions as to how politicians might improve them. 'And economists themselves could do wonders by simply incorporating the country-specific factors in their econometric models rather than just applying them in toto," say Soumya Kanti Ghosh and Samir K Jha.
FM he did not come down hard on Rajan to cut rates
Two years ago, India was touted as a rare bright spot in a gloomy global economy with GDP growth outpacing a slowing China.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
India is the largest importer of gold after China.
Higher interest rates in the US do not necessarily coincide with capital outflows.
In order to contain current account deficit, the Reserve Bank last month imposed restrictions on gold imports by banks and other authorised agencies.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
The global brokerage firm further said that BoP would be INR-supportive.
Swati Kulkarni, executive vice-president and fund manager - equities at UTI Mutual Fund tells Puneet Wadhwa that though mid-and small-cap companies are trading at a higher valuation as compared to large-cap peers, one can still find value in select pockets.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
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