Build up inflation rate in the financial year so far was 2 per cent compared to a build up rate of 4.56 per cent in the corresponding period of the previous year. Inflation in food articles as a group rose to 11.08 per cent during the month as against 9.80 per cent in the previous month, mainly driven by exorbitantly high onion prices, the rates of which spiked by over 172 per cent from a year-ago. The annual rate of inflation, based on monthly wholesale price index was at 0.16 per cent in October.
After making you uncomfortable, the series ends abruptly, leaving you with a bitter aftertaste of a self-absorbed world that is too eager to move on, notes Divya Nair.
'...a more capable State -- one that operates with greater capacity, greater efficiency, and greater clarity of purpose.' 'But I also see a more despotic State -- one that places more constraints on speech, assembly, dissent, and critique.' 'It may run 'better', but on the regime's rules.'
Foreign brokerage HSBC said emergence of pleasing data and the likelihood of RBI holding its key rate on April 1, should not lead to believing that the rate tightening cycle is over.
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
Perhaps the finance ministry or NITI Aayog could take a detailed look at what governments actually deliver and at what cost; how their services can be improved and expanded where necessary; how much money can be saved through doing things differently; and how many things the government does which it can safely leave to the private sector, argues T N Ninan.
The Sahara group's problems continue, with rating agency CARE cutting its 'BBB' ranking for Sahara Hospitality Ltd's (SHL) long-term bank facility to 'BBB-', due to sub-optimal financial and operational performance.
CSK's pace trio of Matheesha Pathirana, Deepak Chahar and Tushar Deshpande accounted for seven wickets for 59 runs in 11 overs to send MI crashing to defeat.
Borrowers should be careful if the app promises too-quick disbursal, and doesn't provide adequate information on the terms of the loan, such as interest rate, repayment schedule, etc.
Retail inflation crossed the RBI's comfort level and rose to 5.21 per cent in December on increase in prices of food items.
The sudden stop in economic activity led to a sharp decline in employment-intensive sectors like construction, manufacturing and trade, hotels, transport etc.
Citadel proves unworthy of Priyanka's splendour, Madden's intensity or veteran talents like Lesley Manville and Stanley Tucci squandered in banal parts, complains Sukanya Verma.
Rajan sees banks passing on the benefit of lower rates regime to customers.
The report, however, said it remains watchful of the upside risks to inflation emanating from pass-through of minimum support prices (MSPs), adverse movement in crude oil prices, volatility in global financial markets, lagged impact of the rupee weakness on input prices, adverse implications from fiscal slippage and staggered impact of HRA increases by states and its second-round impact.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
United States President Barack Obama's job approval rating has dipped below the 60 per cent-mark for the first time as worried Americans doubted his handling of the recession-hit economy, the deficit and health care issues, a new opinion poll showed on Monday.
After Urjit Patel's appointment as RBI governor-designate, the bond market witnessed a sell-off, as it became evident that there won't be any significant change in stance
It believes that RBI will continue with liquidity infusion through CRR cuts and open market operations. Rate cut may happen only in January
'Flypasts, bands, helicopters dropping flowers over hospitals treating coronavirus patients are cute ideas for an Akshay Kumar film.' 'But when lakhs of workers at the lowest rung of the employment ladder would still be walking back home, this is the true 2020 equivalent of 'let them eat cake,' notes Shekhar Gupta.
Between its cryptic, confused politics and lacklustre film-making, Lost is a germ of an idea waiting to be found, notes Sukanya Verma.
The size of India's middle class will nearly double to 61 per cent of its total population by 2047, from 31 per cent in 2020-21, as continuing political stability and economic reforms with a sustained annual growth rate of between 6 per cent and 7 per cent over the next two and half decades will make the country one of the largest markets in the world. The findings are part of a report released on Wednesday by the People Research on India's Consumer Economy (PRICE) and India's Citizen Environment, a not-for-profit think tank. The report titled, The Rise of India's Middle Class, is based on an analysis of primary data collected by PRICE through its pan-Indian survey.
If you are one among the millions of existing borrowers who are paying a higher interest rate compared to new borrowers of the same bank, make your shift now, before prepayment charges make it more expensive.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
'Pooja Bhatt is definitely going to lift that trophy.'
The March quarter (Q4) of the ongoing financial year (FY23) may see cement companies report better financial numbers as input costs ease, pricing action resumes, and cement demand remains firm. While companies have been cautiously optimistic about their outlook, analysts and sector experts remain bullish. In its latest report on the cement sector, brokerage IDBI Capital said that it expected earnings before interest, tax, depreciation, and amortisation (Ebitda) per tonne for cement companies to improve by Rs 200-300 sequentially in Q4.
Former India chief selector and current Punjab Kings spin bowling coach Sunil Joshi rates Jitesh Sharma among the best wicketkeeper-batters in the country and feels it is only a matter of time before he plays for the national team.
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
'T20 cricket comes naturally to me because it is all about mindset.' 'I am someone who always loves to be aggressive on the field.'
The US unemployment rate in June has remained unchanged at 7.6 per cent as more than 195,000 jobs were added to the economy this month, latest official figures said.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
IKF Finance Ltd said Credit Analysis and Research Ltd decided to retain 'CARE BBB' rating for its Rs 20 million non convertible debentures programme.
Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?
With the new cases, the active caseload stands at 13,445 which accounts for 0.03 per cent of the country's total positive cases.
The prospect of India Post turning into a bank sounds like a capital idea, especially since we are talking about inclusive banking.
I don't remember Rajinikanth beheading anyone so brutally in any of his previous films. Or glamourising so much of blood and violence. This is an altogether different version of a brutal Ra1jinikanth, something you and I had probably never imagined before, observes Divya Nair.
'Lower rates are only part of the solution and sometimes not the right solution at all.'
Health premiums have picked up again after a slight moderation in growth, taking the non-life insurance industry's growth to 22 per cent in November, and to almost 17 per cent so far this financial year. Health premiums grew by 22.54 per cent in the April-November period, driven largely by group health plans, which have seen good growth due to rationalisation of discounts in premiums caused by adverse claim ratios in prior periods, medical inflation, and enhanced coverage. Health premiums grew by 29 per cent in the same period last year.
Aided by the new initiatives of the government, there has been a huge drop in imports
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
The idea is to provide prompt and proper emergency care to all, especially for our middle and lower classes for whom availing emergency care is difficult and sometimes just impossible, says Dr Navin Shah, former president, American Association of Physicians of Indian Origin
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