The Supreme Court has sought responses from the Centre and others on a plea challenging the validity of a provision of the Income Tax Act that allows political parties to receive "anonymous" cash donations below Rs 2,000.
The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent. The yield was at 6 per cent a week ago. The RBI wants the yields to remain at 6 per cent, but bond dealers say the central bank will have to step up its bond-buying programme.
However, the RBI is still not in a mood to issue an OMO calendar, which was the expectation in some sections of the market.
Market recovery on the cards in 2014 as investors are likely to chase higher yields
According to Soumya Kanti Ghosh, chief economic advisor of the State Bank of India group, a 50 bps rate cut is a possibility, but 25 bps is more likely.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
A strong currency helps in fighting some of the import-led inflation.
ATK MB's first real opportunity of the game came midway through the first half when Boumous broke free on a counter-attack, shrugged off a challenge from Wangjam and managed to get a shot on target. Gurpreet Singh Sandhu, however, got a strong hand to the strike and parried away.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
There are also talks of branded garments being put under the luxury tax slab, which could be higher than 18 per cent.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
Mumbai FC's unbeaten run came to an end after they slumped to a 1-3 home defeat to Salgaocar FC in an I-League Round-5 encounter at the Balewadi Sports Complex, in Pune, on Friday. A second half brace from striker Darryl Duffy (66th and 72nd minute), and a late goal by winger Gilbert Oliviera (90th) handed the visitors three points. Substitute Jayesh Rane pulled one back for the hosts in the 85th minute.
Prime Minister Narendra Modi started the second day of his US visit by paying homage to the victims of the dastardly 9/11 terror attacks which killed nearly 3,000 people, including many Indians.
Khalid Jamil scripted one of India's most remarkable sporting success stories.
A loyalty programme, same-day delivery and repeatability are driving EkStop's business but scaling up and addressing competition are vital.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
The American Association of Physicians of Indian Origin will attend the Pravasi Bharatiya Divas in Delhi with an agenda to develop a plan to bring together AAPI, NGOs and the government to provide access to affordable and quality health care. Aziz Haniffa reports
Rifleman Aurangzeb, who belonged to the 44 Rashtriya Rifles, was on way back home on June 14 to celebrate Eid when terrorists abducted him.
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