As FY20 Budget fiscal measures need to be better understood, a reversal of the stance back to neutral will allow MPC flexibility to respond to incoming data.
We are much better placed than in 2013 with our overall fundamentals much stronger - higher foreign exchange reserves, a more favourable growth-inflation mix and an institutional framework for targeting inflation, says B Prasanna.
The consumer price index has been in double digits for much of the past year, and was 9.8 per cent in September.
The party plans elaborate year-long celebrations to commemorate his 125th birth anniversary next year. Kavita Chowdhury reports
Rates on tax-free bonds are linked to government securities.
FM he did not come down hard on Rajan to cut rates
The Supreme Court of India became "lions under the throne" when Jawaharlal Nehru brought in the fourth amendment in 1955, says T C A Srinivasa Raghavan.
Stating that a weak fiscal position continues to constrain India's sovereign ratings, Fitch said the next government's medium-term fiscal policy will be of particular importance from a rating perspective.
NCLAT chairman Justice S J Mukhopadhaya dismissed the pleas against Ambani and officials after observing that consent terms agreed upon between RCom and minority shareholders for payment of dues cannot be a ground for initiation of contempt proceedings.
Ahead of the 2019 elections, the race for consolidating the Dalit vote-bank has intensified among all the political parties, more so in Uttar Pradesh, where the community comprises almost 21 per cent of the population.
The concessional swap windows have attracted about $25 billion, RBI deputy governor HR Khan said on Monday.
The US Federal Reserve on Wednesday night hiked interest rates by 0.25%.
With weekly additions slowing, it's likely that demand could be slackening
On India achieving higher growth, Rajan said 9 per cent, which is the widely believed potential growth rate of the economy, is still some time away.
There has been a decent growth in FDI proposals and new announcements in India to attract foreign investment.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
Paswan also said that BJP leaders were free to throw barbs at the LJP, as part of their "coalition dharma", but he would always hold Prime Minister Narendra Modi in high regard.
Jaitley's Budget has the potential to change the face of Modi's Bharat
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.
The trend still looks bullish but there are bursts of profit-booking above 7,250.
The first signs of growing bonhomie between Modi and Rajan came early last year, when Modi called Rajan the "best teacher" for explaining complex economic issues to him.
It is too late in the government's term for it to pull its usual trick of blaming the last guys.
Jaitley said, "I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched."
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
A Ganesh Nadar/Rediff.com meets the family of CRPF jawan G Subramanian, who was among the 41 martyred in Pulwama.
India needs to sustain a GDP growth rate of 8 per cent to become a five trillion dollar economy by 2025, the Economic Survey has stated.
No one in Bihar will deny Nitish Kumar's contribution to governance, notes Aditi Phadnis.
The rupee had gained 2 paise to end at 60.93 against the greenback in Thursday's trade.
As investors try to second-guess the US Fed, corporate and election results could have a bearing on market direction
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
The prime minister's August 15 address was undoubtedly inspirational and outlined important economic and social objectives, such as making India a global hub for manufacturing, ensuring bank accounts for all poor families, major thrusts in sanitation and cleanliness, and a radical restructuring of the Planning Commission.
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
IMF believes it is mostly cyclical, not structural, but because of the financial sector issues, recovery will be not be quick. IMF said, it saw an opportunity with the strong mandate of the new government to reinvigorate the reform agenda to boost inclusive and sustainable growth.
'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'
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The latest macro-economic numbers confirm the economy trundles along in a low growth trajectory, while inflation climbs.
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The agency has kept its FY15 growth forecast unchanged at 5.6 per cent.
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