"If the government is going to borrow from the market to fill the fiscal deficit, then they are going to suck up all the money available in the banks and we will be crowded out," the new CII president Venu Srinivasan told reporters in New Delhi. Pitching for monetisation of the budget deficit, he said, "It means printing notes. Which means you have the risk of increasing inflation but at the same time you will keep the economy afloat".
A compelling cast of players, two attacking teams propelled by great pace and a clash between neighbours to boot.
Home, car and personal loans are now certain to be more expensive with the Reserve Bank of India, under pressure to combat rising inflation, on Friday announced stringent steps like raising mandatory cash reserves of banks to suck over Rs 36,000 crore (Rs 360 billion) out of the system.
More has-been companies like Citi and GM will feed off taxpayers, investors, and workers. That threatens to sap the lifeblood of healthier rivals and the economy
Jaitley said that when cash is deposited in the banks, it loses anonymity and can be identified with its owner.
The consensus is that a high interest rate regime, now a certainty, will increase costs, slow down demand and hit profitability. CEOs said margins were already under substantial pressure due to high energy prices. The only way to survive in this scenario is to cut costs, put brakes on new expansion plans and increase efficiencies.
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.
If you think the film is gutsy, you are simply being blind to the truth that the whole men-are-worthless slant is saleable right now, argues Sreehari Nair.
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.
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.
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.
Breathless action is the only script 56-year-old Tom Cruise needs to work on as he jumps off from building to building with an agility and assurance that could put Spider-Man to shame.
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.
The latest infusion brings the total capital pumped into Amazon's e-commerce business in India to Rs 22,390 crore
India's central bank withdraws cap of Rs 3,000 crore (Rs 30 billion) on daily reverse repo (overnight borrowing) transaction from August 6.
Unfortunately, there is no tried and true formula that transcends industries and business cycles. Tackle the problem in logical steps.
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.
La Liga leaders Barcelona drew 0-0 at Huesca on Saturday and are nine points clear of second-placed Atletico Madrid, who cut the gap by beating Celta Vigo 2-0.
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.
We bring you the cheesiest pick-up lines -- and we want to hear ones you've come across too!
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.
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.
Arsenal, who fired Unai Emery as manager last week and appointed former player Freddie Ljungberg as caretaker boss, now sit 10th in the table on 19 points, with Brighton a single point behind and three places below them.
Novak Djokovic wore down Lucas Pouille after an even first set, dispatching the Frenchman 7-6(2), 6-1 in a Cincinnati Masters quarter-final in Ohio on Friday.
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.
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.
'The COVID-19 pandemic must push the military into a long-term reconsideration of its primary challenges.' 'There must be greater emphasis on humanitarian aid and disaster relief including the management of contagious illnesses and impending crises caused by climate change,' notes Ajai Shukla.
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.
'I felt Test cricket is just beyond my reach.' 'And slowly, slowly, I started doing well.' 'In the second Test against Pakistan, I scored a fifty and when we went to Sialkot I played a series-saving innings, which was a game changer for me.' 'At that stage that was the most important innings of my life.'
'Why did Mother Sea do this to her children? He could not rationalise it.'
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.
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