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.
Top Sensex gainers include Hero MotoCorp, Bajaj Auto, Asian Paints, IndusInd Bank, HUL, and Maruti, rallying up to 5.87 per cent. While, ICICI Bank, NTPC and ITC slipped up to 0.13 per cent.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
Images from soccer matches played across Europe on Saturday.
Cristiano Ronaldo marked his 600th league appearance with his 20th Serie A goal of the season as Juventus beat Spezia 3-0 on Tuesday to move within three points of second-placed AC Milan.
Amid fears of a third wave of coronavirus pandemic and hardening of retail inflation, the Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy. The RBI is scheduled to announce its bi-monthly monetary policy review on August 6 at the end of the three-day meeting -- August 4-6 -- of the Monetary Policy Committee (MPC). The RBI Governor-headed six-member MPC decides on the key policy rates.
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
For the week, the battered rupee gained 26 paise against the greenback
The shops became a subject of a political controversy last week.
While the situation Sitharaman finds herself in may not be that good, how does it stack up against her three immediate predecessors Pranab Mukherjee, P Chidambaram and the late Arun Jaitley?
Roberto Firmino had a goal chalked off late in the first half after the referee awarded a foul against the hosts, before substitute Gabriel Jesus found the net on the hour mark only for a Video Assistant Referee (VAR) review to deem Firmino offside in the build-up. Brazil meet Peru in their final group game on Saturday with both sides needing only a draw to seal their place in the quarter-finals
'If the current mood in North Block, headquarters of the finance ministry, is anything to go by, the government will now keep a closer watch on all kinds of schemes and projects undertaken by different central ministries. 'The next six months will determine which central schemes will have to be wound up and which ones will survive the axe,' says A K Bhattacharya.
If this turns into reality, India's gross domestic product (GDP) growth will be the lowest since 2012-13, which could severely hit job creation and income growth in the near term.
Fall in both WPI and CPI inflation to pressure RBI, say analysts
CRR to remain unchanged at 4.00 pc this fiscal
IMAGES from soccer matches played across Europe on Saturday.
Banks might hold on to lending rates for the time being.
Lionel Messi led Barcelona to a 3-1 win at home to Napoli for a 4-2 aggregate victory which took the club into the Champions League quarter-finals, where they face Bayern Munich.
The revision will do little to help the Congress party-led ruling alliance, which faces an uphill battle in elections due by May amid allegations of economic mismanagement, corruption scams and high inflation.
Currently, foreign lenders are present in India only through branches or representative offices.
Levante striker Roger Marti brushed off squandering a penalty to score the winning goal as his side pulled off a shock 2-1 La Liga victory at Real Madrid
It is the six per cent target RBI is more concerned about.
PNB took the delivery of these high-end luxury cars worth approximately Rs 1.34 crore last month, unmindful of the coronavirus outbreak, subsequent nation-wide lockdown and its crippling effect on the financial sector as well as the economy. The annual depreciation on this purchase will be around about Rs 20 lakh.
Images and a round-up of all the World Cup qualifiers played across continents on Tuesday.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
Algeria won the Africa Cup of Nations for the second time on Friday when a freak second-minute goal by Baghdad Bounedjah gave them a 1-0 win over gallant Senegal in the final.
Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing.
'Gold could benefit from the resulting risk aversion, as happened last year.'
With domestic retail fuel prices jumping to record high on rising international oil rates, India on Thursday pressed oil cartel OPEC for 'affordable' oil price within a 'reasonable band' and that the producers should phase out production cuts. OPEC nations such as Saudi Arabia have traditionally been India's principal oil source. But, OPEC and its allies, called OPEC+, ignoring its call for ease supply curbs had led to the world's third-biggest oil importer tap newer sources to diversify its crude oil imports. As a result, OPEC's share in India's oil imports has dropped to about 60 per cent in May from 74 per cent in the previous month.
Harendra Singh's outburst against umpiring after India's quarter-final loss to Netherlands in the ongoing World Cup didn't go down well with the world body (FIH) and its president Narinder Batra.
Writer-director Jeethu Joseph's talks about his latest film Drishyam which became a bumper hit.
Singh stressed that if Punjab was able to meet its target of administering two lakh shots a day, then its current supplies will last only three days.
The headline HSBC India Purchasing Managers' Index -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- stood at 53.3 in November significantly higher from 51.6 in October.
Available data obscures the true stress in bank books, and the pandemic will result in balance sheet impairments and capital shortfalls at lenders, RBI Governor Shaktikanta Das said on Monday. Balance sheet impairment and capital shortfalls will be more evident once the regulatory reliefs are rolled back, Das said in the bi-annual Financial Stability Report, asking lenders to augment capital.
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
'With 87 per cent of the votes counted, Ardern's center-left Labour Party has won 48.9 per cent of the vote, meaning her party looks likely to score the highest result that any party has achieved since the current political system was introduced in 1996,' CNN reported.
The finance minister's meeting with chief executives and managing directors of banks ahead of the Union Budget assumes significance in view of the critical role the banking sector plays in boosting consumer demand across sectors.
IMAGES from the UEFA Champions League quarter-final 2nd leg matches played on Tuesday
