The loss of income has severely dented the loan repayment ability of small borrowers
State Bank of India has revised lending rates based on marginal cost of funds, a new methodology that will take effect from April 1.
Kisan Vikas Patra or KVP is one of the many fixed income financial products offered by the Indian Post Office department. It is a fixed income instrument that offers to double the investment in 8.7 years. InvestmentYogi looks at its prominent features.
Moody's said it reflects India's weaker performance on fiscal.
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
Even if RBI partially replaces the stock of the high value notes, RBI will have to incur thousands of crores of rupees in cost, say economists.
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
Previous peak in 2010 crossed in first five-and-a-half months this year.
Since 2013, the FDA has banned around 30 Indian drug manufacturing units for various violations
The reduction in natural gas prices would mean lower raw material cost for compressed natural gas (CNG) and natural gas piped to households (PNG).
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Global rating agency Moody's on Friday said that India's ratings may be downgraded if the government debt rises substantially, due to a lack of medium-term reforms and delay in privatization among others.
Israel has warned that Pakistan-based Lashkar-e-Tayiba, which carried out the 26/11 Mumbai attacks, is planning "imminent" terror strikes across India especially in Jammu and Kashmir.
Analysts, however, said the timing of the infusion was good.
Governor Raghuram Rajan's move to cut the MSF rate, at which banks borrow if they exceed their repo borrowing limits, by 0.50 per cent to 9 per cent should not be construed as a reversal in his policy stance and is more of a normalising measure, Citi said in a note.
Any return to 9-10%(economic) growth is some years away.
The RBI Governor brought down retail inflation to 3.8% in July.
Borrowers who contribute over 40 per cent of residential unit's have greater willingness to pay.
Revenues of Airtel and Idea have been hit by falling realisation and analysts said margins would be affected by higher costs.
Traders are closely watching the progress of the monsoon.
With the industrial production dragging the overall growth down, it said the government must also focus on the manufacturing sector by reducing the "infrastructure deficit".
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
However, RBI would continue to nudge banks to cut lending rates
India is the second most optimistic nation.
India's macro finances are getting into good shape.
The revision in base year of India's national accounts will increase the size of the economy to Rs 111.7 trillion in FY14, India Ratings (Ind-Ra) said on Wednesday.
The rupee is expected to remain volatile in the new financial year.
Both property prices and interest rates have fallen sharply.
Spectrum auction proceeds to help plug fiscal deficit: Moody's.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
India Ratings has in its latest report has maintained a bearish outlook for gold prices for the current financial year.
The gap between expenditure and receipts totalled Rs 3.98 crore (Rs 39 million) over the April 1-August 31 period against the Rs 5.31 lakh crore(Rs 5.31 trillion) pegged in the Budget for 2014-15.
The hike in clean energy cess is likely to impact input cost for thermal power producers
The corporate credit rating with a positive outlook, BBB, is higher than India's rating and "highlights the financial robustness of our business model and operating strengths of the company," TCS informed the Bombay Stock Exchange. According to S&P, the company has strong liquidity, with cash and bank deposits of Rs 1,230 crore (Rs 12.3 billion), about 9.4 per cent of total assets as on March 31, 2007.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
Big FM topped in Bangalore and Mumbai, and Mirchi in Delhi in terms of reach. Big FM identified with its name, emerging as the radio channel with widest reach, a big achievement in just one year. The channel boasts of having 34 stations.
