By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
The government needs to take positive action to reaffirm that story.
The renminbi is expected to weaken another 2 per cent in six months.
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai.
The S&P BSE Sensex surged 217 points to end at 25,736.
Global currency market sentiment is likely to be driven by the US deficit and debt ceiling negotiations, with markets likely to turn more risk averse closer to October 17, the date by which the US Congress must approve raising the country's borrowing limit.
World number two Rafael Nadal confirmed on Tuesday that he will not defend his US Open crown this year at Flushing Meadows as organisers released the singles entry list for the Grand Slam. Spain's Nadal had said in June that he had reservations about travelling to the U.S. amid the COVID-19 pandemic and he joins women's world number one Australian Ash Barty in skipping the tournament due to COVID-19 concerns.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
The breadth, indicating the overall health of the market, was slightly positive
The report came amid speculation on social media that JeM founder has died.
.jpg)
In India, the need to find a solution for the jobs problem is perhaps even more urgent considering the oft-quoted number of a million young people arriving every month looking for jobs.
Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.
The world seems to have caught severe pneumonia, or worse, as China had flu.
As concern about the unfolding economic crisis has risen in India, many experts have assured us that 2013 is not 1991.
The government can also individually exempt the PSBs, that are to be privatisated from the two Bank Nationalisation Acts. This will bring such lenders under Banking Regulation Act, and make them companies, reports Nikunj Ohri.
The 62-year-old Nationalist Congress Party leader was taken into custody shortly before 3 pm after he was questioned for about six hours at the ED office in south Mumbai's Ballard Estate area.
Auto stocks are weighing on the indices.
FIFA presidential hopeful Luis Figo will travel to the Caribbean this week hoping to tempt voters in the CONCACAF region with a plan to distribute more funds, $2.5 billion (1.7 billion pounds) over four years, to national associations.
In just one day, more than 1,550 Americans lost their lives, taking the fatalities to over 7,380. Overall, the US on Friday in a single day added more than 33,000 new COVID-19 cases, taking the total to 276,500, the highest for any country in the world.
Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
How on earth did Dr Manmohan Singh and his ministers conclude that the casualties of a disaster in a nuclear plant would be fewer than the deaths and injuries caused by the Bhopal gas tragedy? And that the compensation could, therefore, be capped at a smaller amount, asks T V R Shenoy.
46-year-old Robert Bowers, yelled "all Jews must die" before gunning storming into Synagogue was charged with 29 counts of federal crimes of violence and firearms offense
Three months after she was arrested and charged with visa fraud before being freed on a bail bond, Indian diplomat Devyani Khobragade's motion to dismiss the government's indictment on the ground of her diplomatic immunity was granted Wednesday by a Federal Judge in Manhattan.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
Pakistan Muslim League-Nawaz (PML-N) president Sharif, 70, and Pakistan Tehreek-i-Insaf (PTI) vice-chairman and former foreign minister Shah Mahmood Qureshi on Sunday filed their nomination papers for the post.
'This has been an emotional week and I want to thank everyone for the outpouring of support.'
In dollar terms, however, gold prices jumped by 26 per cent this calendar year, following sharp jump in hedge funds' long position
US economic growth slowed sharply in the fourth quarter.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
The U.S. economy grew faster than initially thought in the second quarter.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances