Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
The survey also showed that both input and output prices rose at a slower pace during the month.
FDI inflows into India were $34 billion in 2014, up 22%.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
In its third quarter review of monetary policy, the RBI in January raised the key repo rate by 0.25 per cent to 8 per cent in a bid to curb inflation.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
HSBC Electronic Data Processing India Private Limited is recruiting Customer Service Executives.
Jaitley said, "I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched."
The new orders sub-index, which includes domestic demand as well as orders from abroad, rose to 53.2 in May
There were as many as 628 names in the HSBC list.
India has been probing hundreds of black money cases.
Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.
Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.
Kashyap, a Commonwealth Games champion, was trailing 8-14 in the third game when he chose to retire after pulling his calf muscle.
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries --Thailand, Dubai, Singapore and Hong Kong.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
Recent reform measures announced by the government expected to boost the sector.
According to the latest data released by the Reserve Bank of India (RBI), the number of credit cards in the country increased by 128,000 in May. HDFC Bank added the most number of cards in May (69,974). State Bank of India (SBI) was next with 34,183 cards. SBI sells credit cards through SBI Cards, its joint venture with GE Capital. However, ICICI Bank and HSBC have reduced their credit card portfolios by 11,029 and 11,024, respectively.
Weak PMI gives rise to fears of sub-8 per cent economic growth for the third quarter in a row.
In an open letter, BWF secretary general Thomas Lund said the decision to go ahead with the All England Championships was made based on the best advice at that time. "It has been very disappointing to see some members of the badminton community speculate on the sincerity and motives of the BWF in this time of crisis," Lund wrote.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
According to a reliable source, the names of 'Preneet Kaur' and a name similar to one of Narayan Rane's sons allegedly feature on the HSBC list of Indians with Swiss bank accounts, says Sheela Bhatt/Rediff.com
According to the report, 1,195 Indians, nearly double the old list of 628 shared by the French government with India, figure in the HSBC list with a total balance of Rs 25,420 crore.
A shocking revelation that banking giants HSBC and Standard Chartered are suspected to have laundered money for drug cartels has prompted an in-depth inquiry by Indian investigation agencies.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
Scores of activists of Arvind Kejriwal's India Against Corruption were on Saturday briefly detained by the police while staging a protest outside the family home of the Ambani brothers in Mumbai to demand a probe into alleged parking of black money by them in a Swiss bank.
The brothers say that the accounts were opened when they were NRIs and were legally allowed to do so.
But lower growth numbers in the quarters to come may not mean renewed weakness in the economy at the ground level, says Pranjul Bhandari.
Anglo-Dutch FMCG giant Unilever Plc's $ 5.4 billion open offer to increase stake in its Indian arm Hindustan Unilever Limited (HUL) to up to 75 per cent commenced on Friday.
The rupee was largely rangebound for most of the trading day in the absence of any major cues ahead of the Reserve Bank of India's rate-setting meeting next week.
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
The cumulative illicit money moving out of India over a ten-year period rose to $439.59 billion
Useful tips to protect users of credit and debit cards from being target of frauds.
The Indian Met Department has predicted a below normal monsoon.
There's need to address growth, but weak rupee putting pressure on prices.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
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