Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement, points out Tamal Bandyopadhyay.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
However, if the rupee depreciates much, the economy in dollar terms would be that much smaller.
The move will to a large extent speed up the monetary transmission process--which is banks passing on the rate cuts that the Reserve Bank announces to their borrowers without much delays--something that has been missing all these while and something that the RBI has been unhappy with.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
Retailers in the food, grocery and fashion retail segments to be unaffected
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
The sale of fresh residential units (in square foot) by listed real estate companies has seen a downward trend in the first half of 2013-14.
The excise duty collection grew by 81 per cent in first quarter against the budgeted 21.7 per cent.
In February, FPIs sold $421 mn in debt; in March they have sold $133 mn so far
For current financial year, govt plans to borrow Rs 2.88 trillion in the first half of 2018-19, out of Rs 6.05 trillion planned for entire year
The labour force at large has turned less needy, due to various government financial incentives and freebies.
With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
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.
The country's current account deficit is likely to decline to 1.1-1.2 per cent of the gross domestic product in the third quarter, say rating agencies.
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
Fitch had last upgraded India's sovereign rating from BB+ to BBB- with a stable outlook on August 1, 2006.
Onion supply in Nashik low but is expected to normalise in a couple of days
On the rupee, it expects some appreciation pressure on in the near term from greater portfolio flows.
The outlook for India's rating would improve if fiscal, inflation and infrastructure metrics get better, a global report said.
Experts say Indian students will have to accept that international space for them is shrinking.
State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
Central bank moves to infuse liquidity into bond market to help boost sentiment.
General elections are scheduled to be held sometime in the first half of 2014.
Government's push for Make in India which focuses on select 26 sectors and improving the 'ease of doing business' will aid the manufacturing/industrial growth.
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.
Dubs Modi government a "one trick horse" which will make the Hindu-Muslim issue the dominant one in political discourse; asks Opposition to field one candidate in every seat against BJP nominee in 2019 polls.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
The drop in headline inflation to a 40-month low of 5.96 per cent for March has increased the possibility of a rate cut by the Reserve Bank at its May 3 annual policy, analysts and rating agencies said.
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
Even as Standard & Poor's and Fitch have warned India's sovereign ratings could be cut to junk level, the government's chief economic advisor, Raghuram Rajan, says there is no point in grudging that India's ratings are on a par with debt-ridden European nations.
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
'It is a worrying trend as we are not seeing too much fresh capital being raised for new projects, plants, expansion or diversification. It's just private equity or venture capital or promoters cashing out.'
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