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.
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.
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.
And why markets could give up 25 per cent of all these gains made since March 2020
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.
At the start of the season Leicester City fans could hardly have imagined their side would take the Champions League by storm.
Consumers may not have got any respite from high interest rates, but they also need not be apprehensive about further increase with the Reserve Bank of India giving a clear signal for stable monetary policy stance.
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
Bankers have said that lending rates could go up to 0.5 per cent after the Reserve Bank's annual credit policy, which is widely expected to take stringent monetary measures to contain price rise. Many expect the central bank to effect a hike in cash reserve ratio (CRR), the rate of amount all commercial banks need to keep with the Reserve Bank, in its annual credit policy on April 29. Many banks, including SBI, had revised their lending rates downwards early this year.
'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.'
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.
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.
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.
The music of this Dhanush and Meera Jasmine starrer is run of the mill with an overdose of hip hop beats.
Ahead of its annual monetary policy scheduled next month, the RBI in a sudden move hiked the repo rate and Cash Reserve Ratio** to 7.75 per cent and 6.5 per cent, respectively to suck out about Rs 19,500 crore (Rs 195 billion0 from the system.
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.
This is on top of the Rs 200,000 crore (Rs 2000 billion) of market stabilisation schemes. I don't know whether to call it hawkish, dovish or neutral. No action is being taken now, except to partly take care of the overhang of liquidity.
Around 30-50 million passengers in the reserved category have switched over to digital payments.
The BSE Bank index was the worst performer among key indices with a steep fall of 463.96 points, or nearly 6.5 per cent at 6,749.78.
'It is imperative for the youth of our great nation to step up and be involved in creating India's destiny.'
RBI goes in for 50-basis point increase in two stages.
'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.
Raghuram Rajan on February 2 left the key interest rate unchanged.
The central bank has also left the Bank Rate and the Cash Reserve Ratio unchanged at 6 per cent and 5 per cent, respectively, in the annual policy announcement 2007 released on Tuesday.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
'This mess is an all boo, no show,' says Sukanya Verma.
Every single one of Parinda's magnificent frames is a masterclass in slick. Sukanya Verma tells us why.
Abhay Deol shoots himself in the foot by acting in (and, inexplicably, producing) this monstrosity called One By Two that sucks all the goodwill out of an actor we usually like, writes Raja Sen.
Leg-spinner Adam Zampa bowled a sensational spell with the ball to help Australia register a narrow four-run victory against India in the rain-hit first T20 International in Brisbane on Wednesday.
The International Cricket Council (ICC) expressed disappointment at South Africa captain Faf du Plessis's decision to lodge an appeal after he was found guilty of a ball-tampering in the second Test against Australia.
Blowing a hole into the Union government claims that terror funding had been badly hit by the demonetisation of Rs 1,000 and Rs 500 notes, the new currency notes were recovered from the possession of the terrorists who were killed in an encounter in Jammu and Kashmir.
'Priyanka Gandhi play is not only about winning allies and lifting spirits; it's also about cash'
The moral of the story from Maharashtra is that stripes alone don't make the Hyena a Tiger, says Colonel R Hariharan.
One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.
The new Jumanji can easily be enjoyed by those unfamiliar with the original, feels Sukanya Verma.
2.0 raises the bar for Indian films, taking them a step closer to Hollywood blockbusters, says Saisuresh Sivaswamy.
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
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