'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Bad debt rules are steps in right direction.
India showed revival signs in the March quarter.
Experts said a future rate cut would depend on the inflation.
This time there has been a rather peculiar criticism of the latest GDP numbers.
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
Prabhu's maiden Railway budget is high on vision.
A collapse in global oil prices has unleashed a wave of monetary easing.
Moving from pricing control to a free market means stiff competition.
Rather, the existing ones should be implemented speedily to clean up the mess.
Power generation and distribution is the most indebted sector
With weekly additions slowing, it's likely that demand could be slackening
Assocham expressed concern over the precarious situation that the manufacturing sector is in, observing that if the trend does not reverse with monetary and fiscal measures it would be difficult for the industry to generate jobs.
Taxes on health, excluding medicines, could rise from 8.8 per cent currently, to around 13.6 per cent - an increase of 4.8 per cent.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
It can be noted that the rupee lost nearly 7 per cent since the beginning of May as FIIs have pulled out nearly $4 billion from the domestic debt, as bond yields fell on expectation of RBI cutting rates on Monday.
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
For the PMO this is urgent as the Digital India framework would depend on how the telecom companies perform. It is also linked to the proposed auction of 5G airwaves.
The festive season starts from August and last till December.
The Indian basket represents the price of Oman and Dubai sour grade crude.
Nearly 240 projects were under various stages of implementation.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
The cut-off date the RBI chose was March 1, 2018. This meant that by the end of August if these accounts were not resolved, then they would have to proceed through insolvency.
While India is catching China in motorbike sales, it lags far behind in cars, which use more petrol per journey.
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
The industry has stepped up its demand for a rate cut
Deflation masked the rise in food inflation to a 5-month high.
RBI may hold rates steady as economic parametes are going strong, say experts.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Dy Governor notes it's an era of job changes for better.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
The government recently announced a new formula for determining the price of natural gas, lowering it from $8.4 suggested by the C Rangarajan committee.
