Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
Cairn India, which found India's largest oil field in Rajasthan in over 30 years, has discovered a saline water reservoir near its oil field that will help pump crude oil to the ground level and enhance production.
The Ahmedabad-based maxEEma Biotech has announced the launch of a herbal insecticide that effectively combats Mealybug attacks on crops.
Finance Minister P Chidambaram said Inflation control measures like sucking excess money out of the economy and the robust GDP growth cannot go hand in hand. Tightening of money supply would impact growth. The RBI is due to announce the annual credit policy on April 29 and economists are expecting hike in the CRR in the wake of inflation touching a three-year high of 7.41 per cent, bringing the government under political and public pressure.
The developments at Bear Stearns have left many people certain that more collapses are to follow.
Idi Sangathi fails to engross despite the presence of Tabu and Abbas. While the theme is good, the treatment is insipid. Chandra Siddhartha's effort is a dampener.
As far as the Indian households are concerned, although the leverage ratio in this basket has multiplied nearly 3 times in the past decade, it is still well below not just developed but also most other developing economies.
The New York Giants achieved one of the biggest upsets in NFL history, scoring a 17-14 victory over the previously undefeated New England Patriots in the Super Bowl on Sunday.
Challenged by unrelenting inflationary pressures, Reserve Bank on Tuesday announced stringent measures of hiking mandatory cash reserve of the banks and its short-term lending rate to them to suck up an estimated Rs 20,000 crore (Rs 200 billion) -- a move that could make loans dearer for housing, car and personal expenses as also to the industry.
'If it is airborne -- and we don't know till what distance it can be airborne -- then the mask becomes a definite.' 'Just social distance is not enough.' 'You need a mask in addition to social distance.'
India's central bank withdraws cap of Rs 3,000 crore (Rs 30 billion) on daily reverse repo (overnight borrowing) transaction from August 6.
To write a criticism of the finance minister's performance without having included the PM's role is deliberate. It is not difficult to see why Jaitley interpreted it as being Sinha's way of sucking up to Modi.
Unfortunately, there is no tried and true formula that transcends industries and business cycles. Tackle the problem in logical steps.
He claimed the people of Delhi were facing "injustice and humiliation" since independence because the government elected by them lacked power to work for them.
Whichever side of the debate you are on, there is no getting away from the fact that difficult choices have to be made in a situation where you are asked to fight two contradictory problems at the same time. Investment and growth matter more to some people, but prices are a hotter political problem -- the walk-outs in Parliament are over inflation, not the slowdown. So it is not hard to guess on which issue the government will focus.
The Reserve Bank might hike the Cash Reserve Ratio (statutory cash balances banks maintain with the apex bank) by 0.50% in its credit policy if inflation remains high, feel Indian bankers. The RBI is scheduled to announce annual credit policy for fiscal 2008-09 on April 29. RBI is likely to tighten money supply in its forthcoming annual credit policy to suck out excess liquidity from the system. Growth has moderated in recent months.
World number one Naomi Osaka was beaten in her opening match at the Dubai Duty Free Tennis Championships on Tuesday, losing to France's Kristina Mladenovic 6-3, 6-3 on her return to competitive action after winning last month's Australian Open.
Karnataka Home Minister Dr V S Acharya is unmoved by protests after a police crackdown on bars open beyond 11.30 pm. He said that the law will be implemented strictly.
Most bankers on Monday ruled out the possibility of lending rates softening following RBI's move to suck out excess liquidity, but housing finance leader HDFC sees a scope for reduction."There is enough liquidity in the system, softening of lending rate could happen," HDFC chairman Deepak Parekh said. Interest rates can come down despite CRR (percentage of total deposits that banks keep with RBI) hike, he said.
Home, consumer and other loan rates are expected to go up with Reserve Bank of India announcing a hawkish credit policy hiking key short-term lending rate by 0.5 per cent and mandatory cash reserve requirement by 0.25 per cent to contain runaway inflation now at 11.89 per cent.
Colin Munro became the third New Zealand player to score a Twenty20 international century as his side secured a 47-run victory and wrapped up their three-match series against Bangladesh with a game to spare on Friday.
We bring you the cheesiest pick-up lines -- and we want to hear ones you've come across too!
M Night Shyamalan is back with yet another thriller, The Happening starring Mark Wahlberg. The trailer doesn't give away much, but the big question is whether the Fox film, with India's UTV as partner, can resurrect the filmmaker's career badly bruised by Lady in The Water.
The Reserve Bank of India on Thursday hiked the cash reserve ratio (CRR), the amount of depositors' money that banks need to park with it, by half a per cent to tighten money supply, as part of concerted efforts with the government to ease inflation.The hike, which would take CRR to 8 per cent, will come into effect in two tranches of 0.25 per cent on April 26 and May 10.
Housing, auto and personal loan seekers can relax as major bankers have said that interest rates are not likely to go up following the Reserve Bank of India's (RBI) decision to suck out more funds from the banks which normally makes borrowings costlier. Moreover, on deposit front, some bankers have said they are likely to maintain the current rates.
At the start of the season Leicester City fans could hardly have imagined their side would take the Champions League by storm.
A Russian comic's song which mocks the country's World Cup team and questions the financial sense of hosting the event has gone viral on the eve of the tournament, angering some fans and politicians.
'Why did Mother Sea do this to her children? He could not rationalise it.'
'How does one square up the fact that despite the infusion of money at election time there was no price rise?' 'It is time the new government ordered an external audit of the RBI to find out the truth,' says Col Anil Athale.
Every single one of Parinda's magnificent frames is a masterclass in slick. Sukanya Verma tells us why.
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
This is the first official data on inflation after RBI announced its mid-term monetary review in which it raised cash reserve ratio by 50 basis points to suck out excess liquidity. While retaining its forecast for inflation at five per cent this fiscal, RBI lowered its objective for the medium-term to three per cent against 4-4.5 per cent as announced in the last quarterly review in July.
The Reserve Bank of India said it would attempt to bring down inflation from 11-12 per cent to 7 per cent by March, 2009.
Chelsea are now 11 points ahead of Manchester City who have 13 games left to play and while Italian Conte is too cagey to start proclaiming his side yet, only a monumental loss of form can deny them the title.
Large capital flows and increased tax payments by corporates in the last five six months has made liquidity management difficult, Reserve Bank Deputy Governor Rakesh Mohan said on Wednesday.
The Indian football team's jersey for the Under-17 BRICS Diplomatic Football Cup was unveiled last week. The jersey, coloured in the standard blue hue with a large lotus imprinted on it, has called for strong reactions from Indian football fans.
The river I bathed and swam in, has dried up. It's the worst drought in 140 years. First the mango trees died. Then the coconut trees. Finally the hardy palm trees have died.
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