The Reserve Bank on Friday said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.
RBI rate cut is a welcome step for all citizens of India as everyone is looking for near-term boost in economy.
RBI deputy governor N S Vishwanathan has said the new framework was in line with the Insolvency and Bankruptcy Code guidelines.
Christine Lagarde warned of a repeat of high market volatility.
The rupee added another 8 paise to end at 61.23 against the dollar, the highest level in more than two weeks, as the US currency traded stable ahead of the outcome of Federal Reserve's meeting today and as domestic shares surged to a record.
Prime Minister Narendra Modi will hold discussions with public sector banks (PSBs) and financial institutions to draw up an action plan for banking reforms
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
The RBI has made serious attempts to improve fiscal deficit.
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
21 banks have launched United Payments Interface application.
The arrival of the June-September rains has been delayed.
Since end-May there has been volatility in the foreign exchange market.
'We don't know how much the Pay Commission outflow will be.'
Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan may have found the Reserve Bank of India (RBI)'s inflation projections on the higher side, but independent experts agree with the central bank and expect both wholesale and retail prices to remain high.
Says licensing of new banks should be a continuous process instead of the current stop-go system
The recent revelations come six years after another round of tapes stole the limelight.
Details of identity and residence will not be required for exchange of notes between April 1 and June 30.
At least five state-run banks on central bank's radar for lax credit appraisal
The former finance minister was in Mumbai to address Congress party's poll rallies.
"We are willing to speak to any of their leaders," Jaitley was quoted as saying by Bloomberg News.
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
While the US is definitely recovering, Europe, Japan and, now, China are all going through another wave of what some fear could be a multi-year slowdown.
The big test will come at the end of March when the fiscal year ends and banks tend to hold on to cash.
67 companies with total debt of Rs 5.65 lakh cr were either loss-making or didn't generate enough profit to cover interest cost in FY15
The ministry seeks to make lending requirements flexible for banks financing key stalled projects.
The average bank customer does not know about the Customer Charter because it was designed - under Mr Rajan's regime - to be a lame duck initiative from the start: violating the charter has no consequences, points out, Debashis Basu.
The British pound was down nearly 9 per cent in early morning trade.
India's central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Investors watch out for cues from the on-going winter session of the Parliament.
The global brokerage firm further said that BoP would be INR-supportive.
After two surprising, successive rate cuts in January and February 2015, RBI governor Raghuram Rajan decided not to reduce them further in his first policy announcement in the new financial year. Is he playing spoilsport for consumers of homes and cars?
Moody's earlier this week lowered its growth forecast to 7 per cent, from 7.5 per cent.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
RBI's latest rate cut will bring down home, car loan's EMI.
'Urjit Patel's appointment is a right decision and in the interest of the country.'
The Reserve Bank of India kept interest rates unchanged at 8.0 percent on Tuesday as widely expected, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth.
The Reserve Bank of India (RBI) is expected to hold its policy interest rate at 6.75 per cent next week to stifle inflation.
The inflow of cheap capital has also kept the rupee at a high level, making exports uncompetitive and broadening the current account deficit despite falling oil prices.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
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