If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent
Uttam Ghosh offers his take on the dismal state of the Indian economy and the terrifying rise in COVID-19 infections with each passing day.
Avesh or Chahal? Whose bowling impressed you most?
Here are some learnings and points of view on why should a business pay attention to and invest in social media.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
Higher interest rates in the US do not necessarily coincide with capital outflows.
'90 per cent of India's population is vaccinated; they are immunised. We need not worry.'
Ratings are based on the overall exposure to default risk, with regard to timely receipt of payments from the investments the scheme has made.
Many analysts over the past week have said the RBI has legroom to cut rates to the tune of 65 bps by June and some like Barclays and BofA have also spoken about the likelihood of an inter-meeting cut.
'Candidates will receive hands-on training in drone piloting, maintenance, data analysis, and regulatory compliance.'
The total recoveries have climbed to 8,17,208, while there are 4,40,135 active cases of coronavirus in the country at present, the govt said as the COVID-19 tally surged to 12.87 lakh.
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
'If such a practice were feasible, every state would seek additional funds, posing a significant risk to the overall health of the economy.'
While Emami is still struggling to push growth, given weak rural demand, the sale of the group's stake in AMRI Hospitals should ease investor concerns about stake pledges by promoters. It has also carried a series of stake acquisitions which should enable the expansion of its brand portfolio. The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion.
Chairing the 19th meeting of the Group of Ministers (GoM) on COVID-19 through video-conference on Friday, Vardhan said India has achieved the milestone of more than 10 lakh recoveries, a recovery rate to 64.54 per cent.
Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement, points out Tamal Bandyopadhyay.
South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
The spreads between state development loans and equivalent-maturity government papers have started widening, and market participants don't expect them to contract anytime soon. The rise in spreads is a direct measure of market displeasure than a rise in yields.
The country's foreign exchange reserves crossed the $600 billion mark for the first time after increasing by $6.842 billion in the week ended June 4, RBI data showed on Friday. The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI). In the previous week ended May 28, 2021, the reserves had swelled by $5.271 billion to $598.165 billion.
A feeble fable masquerading as a robo rom-com, Teri Baaton Mein Aisa Uljha Jiya aspires to address what unrealistic expectations in a relationship can lead to, observes Sukanya Verma.
Even when China's widely-publicised exchange with the World Health Organisation (WHO) in response to the queries over the reports of surging cases of mycoplasma pneumonia and influenza flu triggered the worldwide alert, including in India, China said the spike in respiratory diseases was due to an 'immunity gap'.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The upgrade, said Icra, takes into account the "robust internal accrual generation, leading to low reliance on debt, as well as gearing levels, and strong debt protection metrics".
The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth. The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
India's COVID-19 tally had crossed the 20-lakh mark on August 7.
India has surpassed the United States to become the fastest COVID-19 vaccinating country in the world with an average daily rate of 30,93,861 vaccine doses, the Union health ministry said.
It's not uncommon for performers to become bigger than the stories they are placed in and Sreehari Nair would happily pay to watch Isha Talwar and Paramvir Singh Cheema riffing on love, bad life choices, psychology, rhythm, and oven-baked Kulchas in Chamak.
The US Bureau of Labour Statistics said among the major worker groups, the unemployment rate for blacks increased to 14.3 per cent in October.
With home loan rates headed north, experts advise how borrowers should cope with their rising liabilities.
Much of Sajini Shinde Ka Viral Video's enjoyment comes from the carefully picked star cast who do a pretty good job, observes Mayur Sanap.
Gitanjali Gems and Firestar Diamonds together account for 5.8 per cent of the diamond and jewellery trade in India.
Prashant A Bhonsle lists 5 major points you need to keep in mind before applying for a student loan.
His mother sold her gold chain so Dhruv could buy a cricket kit after his father, a Kargil War veteran, told him to give up the game because it was too expensive.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
The finance ministry on Thursday sought to clarify that there was no distress in household savings and the data indicated that changing consumer preference for different financial products was the real reason for the change in the pattern of household savings. The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades, at 5.1 per cent of GDP in FY23 compared to 7.2 per cent of GDP in FY22. The divergence in the data for household gross financial assets and liabilities is not a cause for concern for the government, as the loans have largely been taken to buy real assets or automobiles, the finance ministry said.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
