Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
The HSBC Manufacturing Purchasing Managers' Index fell to 51.3 in April from March's 52.1
WPI inflation, which was in the negative zone from November 2014 to March 2016, has been on an upward trend for the seventh straight month
The abolition of wealth tax is again a welcome step.
For a long time, the Indian economy has been drifting without a credible monetary anchor.
The government has taken a number of steps to address the situation faced by farmers.
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.
Rupee retreats from 3-week high against dollar ahead of Budget.
Sensex rises, snapping two-session losing streak; banks, auto gain.
Kenneth Rogoff, professor of public policy and economics at the Harvard University, tells Dilasha Seth on the sidelines of the Delhi Economics Conclave that public sector banks will need to take a one-time haircut to address non-performing assets.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
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.
Government sources say India could consider raising the policy repo rate if the rupee falls towards 61-62 to the dollar.
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The right sequence would be to gradually reduce SLR
The biggest disappointment was the compromise on the promised corporate tax reduction path.
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.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
It is a sharp depreciation in rupee valuation against the US dollar that has led to this steeper fall in the Dollex.
ISB professor Krishnamurthy Subramanian tells Shobha Warrier/Rediff.com that Modi government's continuation of tax terrorism is driving away investors.
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.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
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.
Benchmark indices finished higher on hopes of economic reforms
Go for high quality and low-to-medium-duration funds in your debt portfolio
The rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
The government has promised to keep the deficit at 4.1%
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.
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
Companies in China, South Korea and Indonesia pay 25 per cent tax, while those in Malaysia pay 24 per cent. Only Japan has a higher tax than India at 30.6 per cent. Hong Kong has the lowest corporate tax rate of 16.5 per cent while Singapore has 17 per cent rate and Thailand and Vietnam levy 20 per cent tax on companies.
Only India is anticipated to witness better growth momentum among the BRIC bloc
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.
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.
'Investors hate uncertainty and the demonetisation move certainly creates that.'
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.
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