Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
Rajan, 57, who was RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.
'What will this supposedly more business-friendly government do if it gets a second term?' 'Important labour law and land reforms remain off the table.' 'Witness the arm-twisting of foreign players in e-commerce and all but one player in telecom -- and it is very hard to justify this perception that the BJP is business friendly.' 'There will also remain the real risk of ideas seemingly gleaned from the pages of Amar Chitra Katha, overlaid with PowerPoint presentations,' predicts Rahul Jacob.
Yes Bank was the top gainer in the Sensex pack, rallying up to 8.44 per cent, followed by Maruti, PowerGrid, NTPC, L&T and SBI.
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
In the Sensex pack, Yes Bank, IndusInd Bank, Infosys, ICICI Bank, TCS, SBI, Reliance Industries, ONGC, Axis Bank and NTPC rose up to 2.66 per cent.
High networth individuals selling stocks to buy real estate is among the key risks for the Indian markets.
ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
Talking about dealing with the border issue faced by India, Jaishankar, without naming any country or going into details, said, "You know again we did what we had to do. There was a very active debate which still continues to this day. It is natural for people to offer advice, often on matters which they may not have particular knowledge of, that are a human trait. But again if there was what came through it was that we were resolute, we were strong about protecting our interests."
'China's development is on a different scale from India's. They are very far ahead.' 'I don't think it will be possible in the next 30 years for us to catch them,' says Aakar Patel.
There are various projections about India's growth.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Modi said there were a slew of 'matching priorities' between the business council and that of his administration, including dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.
Nangiohbok Rymbai, a graduate in economics who works as a daily wage labourer in Shillong, tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
Shanghai Gold Exchange plans to open a centre at GIFT City, in partnership with BSE or NSE
Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic sanctions on Russia. While top conglomerates, including Reliance Industries, the Tata group, and Aditya Birla Group, said they did not have any significant exposure to Russia, executives of some of the oil and gas, pharmaceutical, and tea companies said they were monitoring the situation closely as they earned substantial income from the region. Russian President Vladimir Putin on Monday ordered troops into two breakaway regions of eastern Ukraine after announcing that Russia would recognise their independence.
'Ladakh is a tiny salami-slice issue.' 'The big one for China is Arunachal Pradesh, more than 83,000 sq km.' 'Do they imagine they can grab any of this by force?' 'In the 21st century, nursing those thoughts only means you need to get your heads examined.' 'It isn't going to happen,' declares Shekhar Gupta.
'NRI interest has gone up in the past three-four years.'
Acquisitions may have played a role in much of the increase.
India's public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said.
The current fleet of BMP-2/2Ks was first inducted into the Army in 1985 and it has been the mainstay of the mechanised infantry since then.
The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, Governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday. The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side. The retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.
After visiting two Central Asian countries, Prime Minister Narendra Modi arrived in Ufa on Wednesday on a three-day trip during which he will attend the BRICS and Shanghai Cooperation Organisation summits.
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.
Entrepreneurs, however, say they are unsure when the many obstacles in India will be cleared.
'Happily,' says Ambassador B S Prakash, 'BRICS displayed new-found energy and built something real, a bank. Between needless nihilism and as yet unjustified euphoria, there are many stations for the BRICS train and we can watch its progress with renewed interest.'
India leads global remittances in the year 2013 with a whopping $70 billion in its kitty, of which USD 65 billion were earned from the country's flagship software services exports, the World Bank reported.
India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.
CPPIB, which started investing in the country in 2009, has invested in Kotak Mahindra Bank, L&T Infrastructure Development Projects, online education firm Byju's, energy company ReNew Power, logistics firm Delhivery, among others.
India ranks 130th out of 189 economies on the World Bank's Doing Business report.
'Unless we start making the products we need, we cannot become a developed country or call ourselves an economic power.'
Green bonds refer to bonds issued mainly by power companies to finance energy efficient projects
ADB's calculations imply almost half of India's population (47.7 per cent) was below the line in 2010. Both these estimates are based on the year 2005's purchasing power parity rates.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
The Tata Sons' chief said that world's reliance on China for sourcing goods will reduce, and India will definitely have an opportunity to participate.
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