RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Sensex sinks into red at close on growth concerns.
India must formulate a new growth path to become a top Asian economy.
A fresh round of selling in late noon trades saw the index tumble to a low of 19,695 -- down 543 points from the peak. The Sensex finally ended with a loss of 194 points at 19,784. The NSE Nifty ended at 5,869, down 37 points.
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.
The India-Japan 2+2 dialogue added strategic heft to the special relationship in the wake of growing Chinese assertiveness on regional affairs, points out Dr Rajaram Panda.
Silicon Valley can be replicated, but this will only be achieved so long as fresh talent is welcomed by both our countries - a move that will surely spark a billion ideas and discoveries.
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
64% of 800 investors polled think it will start this week but weak US data suggest it might not be aggressive.
Sensex closed over 118 points down on Thursday.
Markets ended in green on rate cut hope.
The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth. The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.
What will be the impact on the Euro itself? Will it devalue and to what extent?
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Says it is ready to show flexibility on all major issues
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
This will encourage exports and discourage non-essential imports such as precious metals
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
Gokhale and Pompeo expressed satisfaction over the significant progress and the quality of the India-US Strategic Partnership
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Bankers have read the Reserve Bank of India's (RBI) comments on foreign banks' market share in India as an indication that the promised review of policies on the presence of overseas banks in 2009 is unlikely to yield any greater leeway within which they can operate.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
The estimates of national income and growth do not pass the 'smell test'.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
He said India would continue to actively pursue and promote its geo-political, strategic and economic interests on the seas, in particular the Indian Ocean.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.
It has always been accepted in various apex court rulings that economic policy is not justiciable. It can intervene only if the legislation is seen to violate fundamental rights says Sukumar Mukhopadhyay.
... Are far-reaching social changes coming with it, asks Ajit Balakrishnan.
After fighting inflation for more than two years, Reserve Bank of India (RBI) Governor Duvvuri Subbarao finally managed to bring it below the five per cent level - the tolerance level of the central bank - in FY14.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Modi announced a USD 14-million grant for community development projects in the Caricom and another USD 150 million line of credit for solar, renewable energy and climate- change related projects, a statement released by the Ministry of External Affairs said.
'While economic ties are making incremental progress, it is in the security and strategic domains that the India-Japan synergy is more compelling,' says Dr Rajaram Panda.
Trinamool Congress MLA Mahua Moitra alleged that the Centre's social media hub policy was to be used as a tool to monitor social media activities of the citizens and should be quashed.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
Achieving inflation target of 4 per cent, recovery after remonetisation and hardening profile of oil prices are some of the risks which the RBI is watching closely, says Gaurav Kapur.
Ahead of the International Fleet Review being held in Vizag, Naval chief Admiral RK Dhowan spoke of the changing perception of the navy and the many challenges it faces.
Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive monthly withdrawal, primarily due to profit booking and portfolio rebalancing amid markets touching new highs. The pace of outflows from equities has however slowed for the third month and Gautam Kalia, head - Investment Solutions, Sharekhan by BNP Paribas said that it will likely turn positive soon as investors get used to the new normal. In addition, investors pulled out Rs 33,409 crore from debt mutual funds last month after investing Rs 13,863 crore in December, data from the Association of Mutual Funds in India showed on Tuesday.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
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