RBI ex-governor's book on 'those turbulent but exciting times' to be launched on Sept 5 in Chennai.
The next time you shop using a credit card, be sure that you are not spending more than what you would have spent, if you were paying cash.
'Better hygiene practices could lower a person's immunity and make the person susceptible to auto-immune diseases.'
'We must not forget that the virus will continue to adapt itself to live with us.' 'The vaccine is the only one way we can prevent mortality.'
The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
Fund managers say the recent fall is not going to sustain.
The cut in the policy rate by RBI will help lower interest rates
'A sustainable growth rate of 8 per cent is evidently some distance away,' says T N Ninan.
Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
'It is like bombing a building with 200 people to kill 5 terrorists.'
The principles of central banking in Asia are likely to change. Be prepared for surprises.
Tax Guru Anil Rego answers your personal income tax queries
According to recruitment portal Naukri.com's monthly job index, online hiring declined by 16 per cent in October vis-a-vis the month of September as recruitment activities saw a dip in most key sectors, including IT and banking.
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
Only Rs 10,720 crore of the junked currency notes did not return to the banking system, rest 99.9 per cent was deposited raising question mark over the government's effort of curbing black money through the demonetisation.
Fresh dollar selling by exporters after USD was trading weak by 0.24 per cent against its major global rivals also aided the rupee recovery.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Monetary measures by RBI, which last month hiked the percentage of depositors money that banks should park with it, have helped cool down credit offtake.
A combination of reduced cash intensity, a focused strategy of tax administration and GST is the way to go, say Sakshi Gupta, Tanvi Garg and Abheek Barua.
There is polarisation among sectors with IT and healthcare receiving the lion's share of FPI money in the past two quarters.
The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
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