The bank added that with the inflation trending down -- consumer price inflation for August eased to 7.80 per cent -- the rate adjustment will continue to ensure that the depositors are compensated 'adequately with a positive real rate on their deposits.'
Social media was abuzz with posts ridiculing the PM's comment. The hashtag # #YoBadalSoMandela also began to trend on Twitter.
For a PM who hasn't completed even one term yet, the ability to spark a publishing trend single-handed is a remarkable achievement, writes Kanika Datta.
Here's how she is linked to the most talked about Oscars speech of the year.
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
Experts at coding, Web development, and digital marketing, will be on every organisation's hiring list, points out Narayan Mahadevan.
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Showing a better trend in remuneration and other benefits for the top-level executives, staff salaries across the board have risen by an average of 50 per cent.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
The BCCI made a surplus of Rs 111.83 crore in the last fiscal, a dip of over Rs 55 crore as compared to the previous one, said its Treasurer Anirudh Chaudhry. "In the year under consideration, the surplus of income over expenditure was Rs 111.83 crore as against Rs 166.87 crore in the earlier year," stated Chaudhry in his annual report for 2015-16.
The highest domestic package, however, fell 10 per cent
'Whatever the legal position, it is my understanding that in practice, the Indian authorities have always treated Hindu refugees from Pakistan and Bangladesh far more sympathetically than Muslims,' notes Sunanda K Datta-Ray.
It is a slight improvement over last year.
'... their love was jinxed.' 'His celluloid path to his partner's heart was seldom smooth; it had to contend with greedy relatives and indecisive sweethearts, who were more ready to sacrifice than woo and wed.'
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
Top Congress sources said they would not hold up the Bill.
The greatest disconnect lies in the estimates of industrial growth.
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
'Especially at a time when truth is being twisted and a new narrative is being manufactured.'
RBI says haste in easing norms for banks harmful to economy.
The manner in which a large proportion of common people have mortgaged their rationality and questioning spirit to let hatred, prejudice, and bigotry take over their minds is a cause of worry, observes Mohammad Sajjad.
The direct tax collections are likely to fall short of the revised Budget target by Rs 650 billion and, in fact, were Rs 150 billion lower than the original estimate for the fiscal
Issues like high insurance cost and the announced price hike effective January could also weigh on sales in 2019. The only bright spot is the softening seen in fuel prices over the past month.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
Sanjeev Goel, business head, Manipal ProLearn, lists 10 courses that are currently most suitable for working professionals to upskill or reskill to ensure they remain of value in the job market and in future-ready organisations.
Experts expect the trend to continue in the near term.
Apart from skill development, employees are considering work-life balance.
The year 2015 is likely to see an average pay increase of 11.3 per cent across job roles.
There has also been a shift from hiring freshers to those with two to five years' experience.
Even as floods play havoc in Uttarakhand, several states have opposed the provisions of a 38-year-old Model Flood Bill aimed at minimising losses to life and property in the natural calamity.
While growth metrics for Infosys was skewed to a single vertical and it is struggling to get a handle on costs, TCS has been able to manage growth and keep cost inflation under control.
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
'This looks like a long-term bear market and there could be mounting losses in the near-term,' says Devangshu Datta.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
Impact of the slowdown is most visible among promoter/owner-CEOs
It's simple really.
