The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
The strategic partnership between India and the United States has "retreated" under the current Obama Administration as compared to the momentum built during the Bush-era, Republican White House hopeful Mitt Romney's campaign has said.
Karl 'Rick' Inderfurth, foreign policy advisor on South Asia for United States President-elect Barack Obama's campaign, who is expected to play an influential role in the Obama administration's policy on the subcontinent, says, "It was said immediately after the 9/11 attack that 'we are all Americans'. Now, in the wake of the Mumbai tragedy, it is right for all of us to say 'we are all Indians.'
While near-term performance is difficult to predict after a huge run-up, fund managers believe the PSU theme's prospects remain sound over the medium to long term.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
Allowing it to lapse leaves you unprotected and can, in some cases, cause loss of premiums paid, experts tell Sanjay Kumar Singh.
From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products. By the latest count, there are 156 QCOs on 672 products.
The time frame for this is difficult to specify and much depends on stability in the foreign exchange markets, Prime Minister's key economic advisor C Rangarajan said.
"There has been increasing international pressure on Pakistan to break off this intimate relationship between the ISI and LeT, but it has thus far come to naught," Ashley Tellis, who is senior associate, South Asia Programme with the Carnegie Endowment for Peace, said in his latest policy outlook The Menace That Is Lashkar-e-Tayiba.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
In addition to supporting the president-elect, Klain will work to build a diverse, experienced and talented team to help President-elect Biden and Vice President-elect Kamala Harris meet the urgent challenges facing the country, a media release said.
Leading Indian-American lawyer Preeta Bansal has been appointed as the General Counsel and Senior Policy Advisor in the Office of Management and Budget in the upcoming administration of Barack Obama.
The government on Friday said inflation continues to be a matter of concern and needs policy action to contain it, although prices are expected to start falling slowly over the next two to three months.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
Russian Foreign Minister Sergey Lavrov will be on a two-day official visit to India from Thursday, his first trip to the country since Moscow launched its invasion of Ukraine last month.
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
The CBI refuted Sisodia's claims as 'mischievous and misleading', saying his statements were is 'an attempt to divert attention from the ongoing investigation in Delhi Excise Policy case'.
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
Richard Fontaine had an exclusive chat with rediff.com readers on Monday evening where he discussed the presidential visit and the way forward between the two countries, and their respective stands on a range of significant issues -- from the US foreign policy to rise in visa fees.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
The President-elect also announced the nomination of former Secretary of State John Kerry as Special Presidential Envoy for Climate, the first such official to sit on the national security council.
Singh was Press Secretary to Vice President-elect Kamala Harris on the Biden-Harris campaign.
Jared Kushner, the 35-year-old, played a key role in the presidential campaign and his new White House job will cover both domestic and foreign policy.
Warning that India and China could ill-afford misperceptions on policy, National Security Advisor Shivshankar Menon on Thursday said that pursuit of an ambitious agenda by the two countries could put bilateral relations on a sound footing.
All employees should supplement the employer-sponsored health cover with a personal cover.
Retail inflation was at a 25-month low of 8.1 per cent in February.
The Indian Navy on Monday unveiled a 15-year plan to boost maritime infrastructure even as Chief of Naval Staff Admiral R Hari Kumar said the force is working with the Army and the IAF to ensure tri-services jointness and integration to meet future challenges.
United States President Barack Obama has appointed yet another top Indian American legal mind to a senior position in his administration. Rashad Hussain, 30, who recently served as a trial attorney at the US Department of Justice, was named by Obama as Deputy Associate Counsel to the President.Before his stint with the DOJ, Hussain was working as a law clerk to Damon K Keith on the US Court of Appeals for the Sixth Circuit in Detroit, Michigan.
Former India player Harabhajan Singh, who is Punjab Cricket Association's chief advisor, alleged that "illegal activities" are being carried out by certain office-bearers in the state body.
Sources said Saurabh Bharadwaj and Atishi will be sworn in on Thursday.
The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
With natural and man-made calamities posing a risk to your home, it makes sense to buy home insurance
Higher for longer' may be the narrative in the developed markets, but interest rates might not stay high for very long in India, with a section of the market expecting rate cuts to begin this year. The six-member Monetary Policy Committee of Reserve Bank of India (RBI) decided to keep interest rates unchanged at 6.5 per cent in the April review - after hiking the policy repo rate in six previous meetings. RBI Governor Shaktikanta Das emphasised that the pause was only for the April policy and that the central bank was ready to act if the situation demanded.
It is when one looks away from the immediate song and dance and at the granular detail of what has been going on since 2014 that one realises what the quality and competence of thinking and execution is in this project we call New India, asserts Aakar Patel.
This is possibly the first time Hasina's daughter will be by her mother's side during an official visit to close neighbour and ally India, and analysts believe this to be significant in many ways.
'Replacement of the CM with a more acceptable face may be a good start towards resolving Manipur's problem.'
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