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.
Any return to 9-10%(economic) growth is some years away.
The RBI Governor brought down retail inflation to 3.8% in July.
Traders are closely watching the progress of the monsoon.
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.
However, RBI would continue to nudge banks to cut lending rates
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.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Borrowers who contribute over 40 per cent of residential unit's have greater willingness to pay.
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.
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".
The rupee is expected to remain volatile in the new financial year.
India is the second most optimistic nation.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
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.
India's macro finances are getting into good shape.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Spectrum auction proceeds to help plug fiscal deficit: Moody's.
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
Both property prices and interest rates have fallen sharply.
The hike in clean energy cess is likely to impact input cost for thermal power producers
India Ratings has in its latest report has maintained a bearish outlook for gold prices for the current financial year.
The country's narrowing power deficit and increased coal production may not be indicators of the end of stress in the industry. Amritha Pillay reports.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
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.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
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.
The decision to deregulate the diesel prices is expected to bring the oil subsidy down Rs 15,000 crore (Rs 150 billion), the agency said, adding the ongoing correction in global crude prices will also result in sizable gains for the government.
As per the Economic Survey for 2013-14, India's gross domestic product growth rate will improve to 5.4-5.9 per cent in the current fiscal after remaining at sub-5 per cent level for past two years.
Indian retail investors continue to sell gold ETFs.
India's annual industrial output grew at a slower-than-expected pace of 3.6 percent in September.
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.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
The rupee was largely rangebound for most of the trading day in the absence of any major cues ahead of the Reserve Bank of India's rate-setting meeting next week.
The manufacturing sector, which accounts for over 75 per cent of the index, declined by 2.4 per cent against a growth of 4.1 per cent in December 2014.
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.
The SBI auction will be the biggest nationwide online sale.
Global credit rating agency Fitch upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.