Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.
'The real lifting of the economy will happen only if this momentum sustains in the coming months.'
Rather, the existing ones should be implemented speedily to clean up the mess.
For the first eight months of the current financial year, the figure stood at Rs 7.17 trillion.
Hardening prices of manufactured items during the month may refrain the Reserve Bank of India from cutting rates in its policy review on February 8.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.
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.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
Central bank moves to infuse liquidity into bond market to help boost sentiment.
September import growth was the second lowest this fiscal year, after the April growth figures of 4.6 per cent, bringing the trade deficit down to $13.98 billion
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
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.
With weekly additions slowing, it's likely that demand could be slackening
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
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.
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.
'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.'
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
Fresh investments are constrained by tepid demand.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
A glance back at some of the important ups and down Indian Inc faced in 2018.
