After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
Falling private sector investment and farm distress are problems that call for immediate attention, says T N C Rajagopalan.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.
Rather, the existing ones should be implemented speedily to clean up the mess.
The market breadth, indicating the overall health of the market turned negative from positive
Reserve Bank has almost finalised the structure of Central Fraud Registry.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
Lenders get a clear idea about your financial health, risk profile and personality trait
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
Speaking at the Delhi Economic Conclave in New Delhi, Reserve Bank of India Governor Raghuram Rajan said the central bank will come out with a discussion paper next week with regard to distressed borrowers and rising non-performing assets.
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
The MHA on Friday, while extending the lockdown for two more weeks till May 17, lifted many restrictions in green and orange zones. There are no restrictions on sale of non-essential items by e-commerce platforms in green and orange zones, a home ministry spokesperson said, adding barber shops and salons are also allowed to open in these areas.
FIIs are looking at the long-term story and initiatives of Indian pharma companies to transform themselves into global entities.
'The Modi government is about privatising profits and nationalising losses.'
Park is charged with one count of conspiracy to commit computer fraud and abuse and one count of conspiracy to commit wire fraud.
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The breadth, indicating the overall health of the market, turned negative from positive
'The good news is that money continues to flow into India-focussed offshore funds.'
'Their dharma propels them to pay their workers; otherwise, they know the boys would starve.' 'At the same time they will not allow their business to suffer,' observes Dr Sudhir Bisht.
'The Make in India target of getting manufacturing to account for 25% of GDP by 2022 is quite impossible to achieve.' 'As for the role of technology in the average Indian's life, it is still quite basic -- mobile phones and Mars successes notwithstanding,' says T N Ninan.
'Whatever I did, I did for the farmers and whatever I am doing, I am doing for the country'
For the poorest 20 per cent of Indians, the expenditure on medicines alone is 85 per cent of what they spend on their health, according to the National Sample Survey.
'The top 11 billionaires in India added so much to their wealth during the pandemic that it would have sustained MNREGA for 10 years or the ministry of health for 10 years.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
While the deal would help reduce debt at Jindal Steel, it would also be a boon for State Bank of India, which has been trying to broker an agreement between the companies
Government sources said the GoM on coronavirus crisis also reviewed various measures being initiated by concerned ministries to allow partial economic activity in 'non-hotspot zones' from April 20.
Reflecting a loss of "growth momentum", manufacturing activities in the country slowed down to a six-month low in March amid softer increases in new orders, production and employment, according to a survey.
'There is one sector which is overlooked. And that is the middle and upper middle class.'
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
Farmers have been availing crop loans upto Rs 300,000 at 7%.
The Congress president alleged that the surgical strike was made public as the BJP was fighting elections in Uttar Pradesh.
Most Asian stock markets steadied on Wednesday.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
