It is only 'zero-cost' money from FPIs that is keeping the market afloat
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
'Reports in a section of media regarding Union Minister Shri Arun Jaitley's health condition are false and baseless. Media is advised to stay clear of rumour mongering,' Government Spokesman Sitanshu Kar tweeted.
The rupee is likely to strengthen to 60-61 level by this fiscal-end on expectations of improvement in current account deficit (CAD) and higher inflows from overseas investors.
With the setting of MPC, the interest rate setting powers would move from RBI Governor to the panel.
If you are looking to stay in the property, unnecessary delays will only increase the cost.
The majority have stayed away from getting into cash handling.
Rajan said whatever answer he gives on Modi will be 'problematic'
Take advantage of the reduced interest rates offered by banks and the tax benefits to make it a lucrative deal
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
In the first half of the fiscal year, government had borrowed Rs 3.44 lakh crore.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Beware: During the period that you avail of the moratorium, there would be no repayment of interest or principal. Thus, the outstanding will go up substantially for this period as a consequence
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term
Traders are waiting for the earnings season to kick off.
If you have plans to buy a new home in 2015, there's good news for you
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
When does it make sense and when does it not?
For every rupee fall against the dollar, the under-recovery will increase by Rs 8,000 crore
Such service providers were given time until the end of October to follow the law of the land.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.
If not for Palaniswami, it is hard to guess if the AIADMK would have been able to garner 33.3 per cent vote share as against the DMK's 37.7 per cent. AIADMK won 66 seats, its allies Pattali Makkal Katchi and Bharatiya Janata Party five and four seats respectively and proved yet again that the western region was its fortress.
LIC is currently allowing customers to revive policies that have lapsed for more than two years.
'All of us have believed in decentralisation. You may not like property taxation, neither do I. My solution is that the Centre does the tax collection, but we can give a matching grant instead of redistribution,' says the outgoing CEA, Arvind Subramanian.
The farming community expects much more substance from the government, Ajay Vir Jakhar.
Indian investments in equity and debt account for the second-highest remittances outgo (about a quarter).
Excerpts from a speech on the Supplementary Demands for Grants, December 15.
The cost of food has constantly been on the rise.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
Jigar Shah, chief executive officer, Maybank Kim Eng Securities is not certain that the DMart listing would trigger a re-rating of the Indian retailing sector.
While the government had in June approved a new formula for pricing of all domestically produced natural gas, the Cabinet yesterday allowed the same principles to also be applied to Reliance Industries' currently producing fields in KG-D6 block subject to certain conditions.
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
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