Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
The National Democratic Alliance won 64 seats.
Net sales growth for the quarter ended December (Q3FY20) was 4.5 per cent on a year-on-year (YoY) basis for companies that have declared their results so far, compared to an 8.4 per cent rise in the first half of the financial year. This indicates that there could be a further rise in days' sales of inventory.
Finance Minister Arun Jaitley presented the Union Budget.
Banks seems to be upset over RBI's move over rate cut.
He will be the first bureaucrat to head the central bank in almost five years.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
There is so much liquidity in the system, in the global economy, and that's why the stock market is very buoyant. It will certainly witness correction in the future: RBI's Das.
Budget was a mild disappointment. Yet, the bull run continues.
RBI may revise remuneration for banks.
Economists and investors want RBI to retain independence in setting rates
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
'Most importantly, marking a departure from the past, the RBI has made it clear that it is not overtly worried about the level of the local currency,' notes Tamal Bandyopadhyay.
'These are interesting days for watchers of English cricket and central banking,' points out Amol Agrawal.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
Finance Commission has got new team who are committed to growth initiatives.
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is 'nowhere' near such a scenario. In an interview with PTI, Subbarao suggested that to deal with the second wave of COVID-19 induced slowdown in the economy, the government can consider Covid bonds as an option to raise borrowing, not in addition to budgeted borrowing, but as a part of that.
The message to bankers from Raghuram Rajan was clear.
The discussion paper is released at a time when the central bank is sifting through 26 applications seeking an entry into the fray.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
A 13-member group, headed by RBI Executive Director R Gandhi, has made various recommendations on G-Sec market, retail participation and interest rate derivatives market.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
An action on the rate front is unlikely to figure in Rajan's plan for the moment.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
Invest in liquid funds if you have a horizon of three months, ultra-short-term for six months, and low-duration funds for one year.
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
'We have promised to ensure reduced tax rates.'
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
RBI will take a cue from the Fed policy statement.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
The Reserve Bank on Monday pitched for creation of a conducive environment for investment and faster clearances of projects to boost economic growth which slowed to a decade low of 5 per cent in the previous fiscal.
Banks normally park almost 27 per cent of their funds in government securitie.
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
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