Sensex rises, snapping two-session losing streak; banks, auto gain.
Gross non-performing assets of public sector banks surged to 9.32 per cent (Rs 4.76 lakh crore) of advances in 2015-16, from 5.43 per cent (Rs 2.67 lakh crore) in 2014-15.
Rupee retreats from 3-week high against dollar ahead of Budget.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
The biggest disappointment was the compromise on the promised corporate tax reduction path.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
India's gross domestic product growth, which had fallen under 5 per cent, is expected to be between 5.4 per cent and 5.9 per cent this fiscal.
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The right sequence would be to gradually reduce SLR
Government sources say India could consider raising the policy repo rate if the rupee falls towards 61-62 to the dollar.
ISB professor Krishnamurthy Subramanian tells Shobha Warrier/Rediff.com that Modi government's continuation of tax terrorism is driving away investors.
The economic activities that registered growth of over 6 per cent in the second quarter are manufacturing, electricity, gas, water supply, other utility services and trade, hotels, transport and communication, and services related to broadcasting.
It is a sharp depreciation in rupee valuation against the US dollar that has led to this steeper fall in the Dollex.
The rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
Economist Dr Subramanian Swamy, whose Janata Party merged with the Bharatiya Janata Party in August, has issued the following press statement on the Indian economy and demanded the implementation of a four-point agenda to save it.
Go for high quality and low-to-medium-duration funds in your debt portfolio
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
According to the report, going forward, inflationary pressures in some items may increase due to slight improvement in demand.
'Investors hate uncertainty and the demonetisation move certainly creates that.'
Benchmark indices finished higher on hopes of economic reforms
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
The government has promised to keep the deficit at 4.1%
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
Only India is anticipated to witness better growth momentum among the BRIC bloc
WPI inflation fell to a 5-year low of 3.74 per cent while the retail inflation was at 7.8 per cent in August.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
Institutions will wait till there is more clarity on Budget.
'Rajan's exit will have a great impact on the economy.'
'Four times in Indian history, in 1992, 2000, 2007 and now, markets are at 25 times price-earnings.'
From the valuation angle, the market is showing similar signs of being over-valued without being in a bubble territory yet.
Modi has taken a slew of measures to attract investment, but he has yet to initiate steps that could help repair corporate balance sheets.
Resolving the TBS challenge comprehensively would require 4 Rs: Recognition, recapitalisation, resolution and reform.
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
Possible slowdown of FII money into debt and equity markets could add pressure on currency.
The G-20 meeting of the Finance Ministers and central bank governors beginning July 19 will also be attended by RBI Governor D Subbarao and Deputy Governor Urjit Patel.
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
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