The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
Inflation has seen some moderation in the recent past, falling from double-digit figures in 2013 to 7.8 per cent year-on-year in August.
Check out some of the stocks that will react on the basis of their numbers in the near term.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
Signs of a strong pickup in hiring by companies are adding to the rosier outlook for Indian households.
Offline stores dominate the retail market and will continue to do so.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Lower fuel subsidy payouts might restrict gross fiscal deficit in FY15.
The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it.
Many things could play spoilsport for the Indian economy.
If rate cuts are fully transmitted, and RBI continues to cut rates in 2016, and earnings growth picks up as well, current valuations may be justified. Otherwise, equity will remain over-valued, says Devangshu Datta.
A rate cut could stimulate demand and help revive industrial activity, without much risk of sparking off inflation again.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Addressing bankers and economists at Bancon 2013, a flagship event of the Indian Banks' Association, Chidambaram told the lenders to deal firmly with wilful defaulters, but handhold those who are reeling under the impact of the economic slowdown.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
Experts feel oil prices will remain volatile with an upward bias.
India made it mandatory for customers to disclose their tax code, or Permanent Account Number (PAN), for purchases above Rs 200,000.
Based on the estimate, a courier bringing in 1 kg of gold currently worth around $40,000 at world prices could earn $470 if not caught.
This is a terrible situation for a growing economy to be in, and the central bank would be expected to act to correct the situation.
For August, CRISIL core inflation indicator stood at 3.6 per cent, a tad higher than RBI's measure.
As investors try to second-guess the US Fed, corporate and election results could have a bearing on market direction
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
But it is likely that campaign spending resulted in some positive activity through this period.
Reiterating his earlier stance, BJP's Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan.
Oil imports are a third of India's total import bill.
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The latest macro-economic numbers confirm the economy trundles along in a low growth trajectory, while inflation climbs.
Though inflation, on the basis of the wholesale price index, is nowhere near the 1990-91 level of 10.26 per cent and India is in a much better position to check it, the greater integration of our economy with the globe has exposed it to a much higher risk of imported inflation.
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
The experience of direct cash transfer under PM-Kisan will be useful in designing a larger scheme of DBT for farmers combining all subsidies and support for the agriculture sector in the future, say Ramesh Chand & SK Srivastava.
Zero inflation will pave way for rate cuts in the next RBI policy.
The first was wholesale funded banks and non-bank finance companies.
The Reserve Bank of India (RBI) will make its bi-monthly policy announcement next week. The macroeconomic backdrop to this event is perhaps the most reassuring in the past several quarters.
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
The marginal rise in June headline inflation to 4.9 per cent may be a precursor to a pronounced increase in the coming months and RBI is unlikely to cut rates at the forthcoming policy meet on July 30, say analysts.
The 30-share Sensex ended down 90 points at 19,429 after hitting an intra-day low of 19,398 and the 50-share Nifty ended down 40 points at 5,881 after touching an intra-day low of 5,871.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Inflation targeting framework is now enshrined as a formal agreement by the government and the RBI; thus, it may seem that we are flogging a dead horse, says Soumya Kanti Ghosh.
It is important to note that slowdown in activity is really confined to a selected few regions within China.
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The agency has kept its FY15 growth forecast unchanged at 5.6 per cent.
'People do not want a 'maha milavat' (highly adulterated) government of those who assembled in Kolkata.'
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