The central bank had nudged banks to cut lending rates.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
Experts say the Bill should include higher-value food items than just cereals
For PPP projects, clause on consent requirement could be abolished or brought down to 50% of land owners, against the current 70%
Some experts, however, see a silver lining in the fall and said the volatility has come down sharply and that bodes well for the Indian currency
The panel was set up to suggest ways to reform India's monetary policy.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
