Months before 8/11, MP, Haryana probed note ban
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
Latest official data shows that investment is, in fact, showing signs of a moderate pick-up.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
SBI data shows the per-capita payouts for scheme have shot up this year.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
The WTO has fixed an external reference price (ERP) for rice at Rs 3.52 per kg
'This year's Budget didn't give into populist measures everyone was expecting after demonetisation, so I think that was a positive step.' 'Hopefully the Budget will continue in the way it has been.'
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
Union Budget had projected the fiscal deficit at Rs 5.56 lakh crore.
Many economists say only a substantial rise from October would point to a real recovery.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
'Obviously, there is always an argument that a weaker rupee could push up, to some, extent exports.' 'The fact that the rupee has appreciated against the Chinese currency is pushing a lot of Chinese imports into the Indian market.'
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
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