Jaitley said the Rs 500 and Rs 1,000 notes returned to currency chests of the RBI amounted to Rs 12.44 lakh crore
The Finance Ministry has told industry it should not expect any major fiscal sops in the Budget to be presented by the new UPA government, which has a limited headroom for giveaways due to the economic slowdown.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
RIL's merger with RPL will mean non-issue of treasury stock worth Rs 26,000 crore, which means less headroom to raise funds. Since no treasury stock is going to be created, RIL will issue 69.2 million shares to RPL's ordinary shareholders. As a result, RIL's paid-up capital will increase to only Rs 1,643 crore from the present Rs 1,574 crore. This, in turn, will enhance the earning per share proportionately for RIL shareholders.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
Last week's fuel price cut will impact margins of oil companies such as Indian Oil Corporation less severely than it did when prices were last reduced in February 2007, giving the government room for another round of price cuts on automobile fuels before general elections early next year.
The Aspire offers the best of performance and efficiency, something which is unheard of in this segment. It is neither outdated nor unreliable and no other car in its segment can come close to the Aspire's VFM proposition.
Indian Banks' Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario.
India's industrial production slowed down to 8.6 per cent in February 2008, compared to 11 per cent a year-ago, but belied apprehensions of a major slowdown after dismal figures for the previous month, giving RBI some headroom to tighten money supply for combating the surging inflation.
If not contained quickly, it will have a knock-on effect in the world economy and disrupt global supply chains, Crisil analysts warned.
Fresh investments through participatory notes (P-notes) are flowing into the cash market in huge quantum. The rush of investments is because foreign institutional investors (FIIs) have enough headroom to invest through P-notes.
The Governor said the MPC had voted to maintain its accommodative stance, implying more rate cuts in the future if the need arises.
The central bank opened a special 14-day repo window of Rs 20,000 crore to enable banks to raise money and lend to the funds, but received only four bids for Rs 3,500 crore. RBI uses the repo route to lend money to banks and enhance liquidity in the system.
Ford India on Tuesday launched Fusion Plus, a new variant in the Ford Fusion range, priced at Rs 616,500 and Rs 683,500 (ex-showroom, Delhi). The company claims that Fusion Plus offers consumers excellent value for money and the introductory offer on the Fusion Plus during the month of March includes an MP3 player with 4 speakers.
India has warned the developed world not to confuse subsidies with tariffs and said if a country like the US wanted "headroom" for distortions in subsidies the developing world will be seeking the same for tariffs.
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
AT&T has applied for a mobile licence in India in partnership with Mahindra Telecommunications, a local telecoms company, and Mr de la Vega said it was hoping to acquire spectrum for its wireless services.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
The Railway Budget is progressive and wil ensure growth.
The petrol powered luxury saloon, which is being made at the company' Pune plant, comes after the successful launch of locally produced diesel-powered Jaguar XJ 3.0L earlier this year.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
'The digital economy will generate 60 to 65 million jobs by 2025, 20 million more than the 40 to 45 million existing jobs that are in danger of disappearing or getting automated,' points out T N Ninan.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
In April, RBI had projected retail inflation to be around 5 per cent.
'Rate cut should reiterate RBI's commitment in providing confidence to consumers and small business.'
Despite all of the PM's many strengths, it is increasingly clear that he does not necessarily have a coherent and clear worldview on matters of macro policy.
Samsonite's factory in Nasik currently makes around 80,000 units a month and plans to go up to 100,000 units
The FIPB on Friday cleared the long-pending proposal of HDFC Bank to hike foreign holding in the bank to 74 per cent.
The Glanza is clearly a rebadged Maruti Suzuki Baleno, however, Toyota has given it a longer warranty and a lower starting price to make it more attractive. Are there other compelling reasons to consider it over Baleno?
The government on Thursday permitted RBI to invest $4.3 billion in special bonds of the World Bank, which would raise the agency's lending limit to India by a similar amount to $21.8 billion for infrastructure investment.
Ford is among several multinational automobile companies in India for whom exports now bring bigger volumes than local sales.
For many farmers, though, a bumper harvest isn't good news, as they have been forced to sell their produce, particularly pulses, dirt cheap.
This coupe SUV has all the elements that make a Porsche both aesthetically and dynamically poised.
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
Slowdown in industrial production notwithstanding, a marginal increase in inflation raised the clamour for another round of rate cut by the Reserve Bank on April 4 to boost economic activity.
'Flypasts, bands, helicopters dropping flowers over hospitals treating coronavirus patients are cute ideas for an Akshay Kumar film.' 'But when lakhs of workers at the lowest rung of the employment ladder would still be walking back home, this is the true 2020 equivalent of 'let them eat cake,' notes Shekhar Gupta.
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