Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
The WPI has been in the negative zone since November.
Emerging nations have discussed delinking the quotas from the governance reforms to facilitate its passage.
Finance Minister Arun Jaitley, along with other senior ministers, on Tuesday pitched India growth story before 21 large global investors
On government's last week's announcement of revamping of PSU banks, Fitch Ratings said the move is "credit positive, but risks remain".
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
We still have time for this government to take action.
'We are not able to manufacture even low-end products as cheaply as China.' 'We are not buying Chinese goods today out of any love for China.'
Mark Mobius, co-founder, Mobius Capital Partners, tells Puneet Wadhwa that investors should concentrate more on "value" rather than momentum, and on good small- and medium-sized companies rather than large-caps.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
On price rise, HSBC said that the rate of cost inflation decelerated sharply while output prices were unchanged.
India's first quarter GDP growth print was 7.9 per cent y-o-y, primarily led by urban consumption demand
This comes after the arrest of Syndicate Bank Chairman S K jain.
Growth in India is expected to remain strong and stable in 2015
The large current account deficit and the growing vulnerability on the external front have largely contributed towards the secular decline and the current volatility of the rupee.
Investors believe Indian is a tough place to do business with.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
Political funding of elections has led to the rise in black money in the economy.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
'If some measures are implemented quickly, they can help revive growth.'
India's economy is in much better shape to weather tighter U.S. monetary policy.
'Demonetisation will push India onto a higher growth path after a temporary dip.'
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
It's time to step on the reforms accelerator.
The Finance Ministry expects GDP growth to be 8-8.5 per cent in 2015-16.
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
The HSBC India Manufacturing Purchasing Managers' Index, a measure of factory production, stood at 51.3 in April, unchanged from 51.3 in March, amid moderate expansion of incoming new business orders.
'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.
The implementation of MCLR from April 1 has already led to a rate cut of 10 basis points on home loans by the country's largest bank, State Bank of India, and others.
In 2014, FIIs have infused a net amount of Rs 1,59,157 crore ( 1.59 trillion) in the debt markets.
Though the outcome of the general elections will offer a short-term boost to the market, a sustained rally will be determined by the economic data, according to a JP Morgan Asset Management report.
The Bank Nifty is high beta anyhow and it could move the broader market.
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
At the Mumbai launch of his latest book, The Third Pillar: How Markets And States Leave The Community Behind, former RBI governor Raghuram Rajan served up an interesting mix that included Taylor Swift, Donald Trump, privileged families and a strong dose of commonsense economics.
Modi said his critics were seeing slowdown in the last two quarters but were ignoring that the BJP government had brought down inflation from 10% to 2.5%.
Nifty PSU bank index dropped nearly 2%
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