A reading above 50 represents expansion while one below means contraction.
The single most important issue in Public Sector Banks is corruption.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
Regarding employment, the manufacturing sector hiring remained broadly unchanged.
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The document said potential growth, which hovered at 8-8.5 per cent levels in the period from the second quarter of 2005-06 to the second quarter of 2008-09, has gone down to 6 per cent.
India Inc is borrowing from global firms as interest rates sky rocket in India.
The proposed four per cent inflation target is onerous, considering India is currently battling near-double-digit increases in prices.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
The government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 per cent of the GDP in the next fiscal from an earlier target of 3.5 per cent, a Nomura report says.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
In the RBI's monetary policy statement review, Governor Raghuram Rajan said banks could extend timelines for large stalled projects by bringing in new 'promoters', or owners.
The rupee appreciated further on Thursday, adding 106 paise to 66.01 against the dollar, after steps taken by new Reserve Bank of India Governor Raghuram Rajan to attract US currency inflows boosted market sentiment.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
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Raghuram Rajan, who took over as RBI Governor on September 4, is scheduled to unveil on Friday mid-quarter monetary policy review, an event keenly awaited by industry and banks.
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In New York, the US dollar gained against most rivals on last Friday, as a week of data reassured investors that December's dismal employment report wasn't indicative of a broader shift in the economy.
India's economy grew an historically modest 7 per cent last quarter but industrial output has generally been strong.
Bankers and economists agree rates will soften, though the quantum would depend on banks' asset-liability profile
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
Reserve Bank will hold its first bi-monthly monetary policy review for 2016-17 on Tuesday.
'The reform agenda is progressing in the right direction'.
India's industrial output unexpectedly contracted 4.2 percent year-on-year in October, dragged down by a fall in the manufacturing and the capital goods sector, government data showed on Friday.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
With March 2016 being the final quarter when banks will have to disclose their stressed assets, the markets are assuming the worst is yet to come
Banks have issues with their balance sheet profiles, say PSB executives.
The Consumer Price Index-based inflation rose to 5.11% in January
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
The country's merchandise deficit narrowed to $9.2 billion in November, but exports growth eased to 5.9 percent from 13.5 percent in October, government data showed.
The banknotes would be bearing the signature of RBI governor Raghuram G Rajan and the year of printing '2013' printed on the reverse of the banknote, it said.
he reason behind the cut in policy rate seems to be a slowing economy
The rupee had surged 37 paise to end at a nine-month high of 59.68 against the dollar on Tuesday. Forex market remained closed on Wednesday for 'Buddha Purnima'.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
There were reports that some Commission officials were against the Rajan panel's suggestion to replace Gadgil- Mukherjee formula with Rajan Committee's Multi Dimensial Index for allocation funds to states.
21 banks have launched United Payments Interface application.
Instructions were issued on holding loan camps in the last week of September.
The High Commissioner upon seeing Mallya walk in actually at the mid of the event, got up and left
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
The meet will focus on the recent global economic developments, challenges and collective measures to address them
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Though valuations have moderated, they are still above average.
Stock selection in India remain relatively low-beta given the lack of any conviction here on any near-term upturn in the investment cycle
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