Small and medium enterprises have been struggling to raise bank credit even as they have been powering India's manufacturing growth in recent years.
The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.
Given the relative rates of gross domestic product growth, the differential will increase.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
Face NPPA fine for overcharging on anti-asthma drug
Sensex remained volatile through the day.
The estimates of national income and growth do not pass the 'smell test'.
'Companies with a strong business case and healthy balance-sheet should sail through and emerge more robust in the future.'
The global economy may just be entering a new phase.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
Bank of America Merrill Lynch believes this would ease pressures on CAD as $10 a bbl fall in oil price reduces CAD by $8 billion or 0.4 per cent of GDP.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
The prime minister also stressed on the need to transform the landscape of Indian science, technology and innovation, as he assured that the government will ensure the 'Ease of doing Science' and effectively using information technology to reduce red tape.
Industrial ouput, however, was seen falling 0.6 per cent in January
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
Vegetable prices which had witnessed a 21.16 per cent contraction in June, shot up by 21.95 per cent in July.
Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
March and April payrolls were revised to show 32,000 more jobs.
RIL, ICICI Bank, Tata Motors and ONGC alone contributed to a 100 point cut seen on Sensex.
Manufacturing production growth eased in May, which combined with the slowdown in services resulted in a weaker increase in private sector output, the survey said.
'Markets are not prepared for a slowdown as the current expectation is of the continuation in earnings momentum.'
Overall slowdown in the economy and growing volumes of unbranded generic medicines in the domestic market are behind poor sales.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
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The food inflation in July softened to 11.24 per cent from 11.84 per cent in the previous month, according to the official data released on Monday.
The bigger worry is that its effects could linger well into the next financial year.
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
'It is entering growth territory on a month-on-month basis.'
Despite the various steps taken by the central bank, the pressure on the rupee has continued, which is mainly due to global factor
Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77 per cent in October.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
The 30-share Sensex ended 79 points lower at 26,909 and the 50-share Nifty closed 25 points lower at 8,102.
Top losers in the session included Maruti, Tata Motors, RIL, Yes Bank, Adani Ports, Bharti Airtel, Asian Paints, ONGC, HUL, Kotak Bank, IndusInd Bank and Axis Bank, falling up to 5 per cent.
Sensex ends in green, bluechips in spotlight.
CLSA managing director & equity strategist Christopher Wood, and executive director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year.
The Bank Nifty is likely to be a bellwether.
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Likely to set the ball rolling for Rs 1.72-lakh-cr projects today
A day after masked goons entered Jawaharlal Nehru University and ran riot, injuring over 36 people with sticks, lathis and hammers, noted economist and professor C P Chandrasekhar resigned from a Narendra Modi government-appointed committee on statistics. The committee was set to hold its first meeting to review India's economic data. In his resignation letter, Professor Chandrasekhar wrote, "I regret to inform you that because of the situation in JNU where I stay, I will be unable to attend tomorrow's meeting." He was also quoted as saying, "The JNU's incident on Sunday has further undermined the faith in the system. It shows that we are now living in a different world and it's hard to work with a government in which you have lost faith."
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Manufacturing sector grows at 3.5%; agriculture sector at 3.8%
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