The decline in inflation was broad-based across major commodity groups except housing and fuel and light.
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
Various global and domestic factors had a sizable impact on the performance of the Indian markets
Prices of food articles contracted by 3.47 per cent in June on a yearly basis. Vegetable inflation stood at (-)21.16 per cent.
India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 per cent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.
the RBI will need to fulfil its April 4 pledge to avoid liquidity shortages.
A wise politician would disarm his critics, try to take them along, co-opt them, or, at least, take the criticism in his stride. Developing a thick skin ought to be an essential part of any politician's toolkit, notes Virendra Kapoor.
The council wants the government to stick to its fiscal consolidation road map.
Post-Budget survey find GDP numbers as 'too optimistic'
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The WPI has been in the negative zone since November.
The FRBM report, to be submitted on Tuesday, is likely to have 'excuse clauses', absolving the government of meeting its fiscal commitments under certain conditions such as war or conflict, global economic meltdowns or natural disasters.
India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.
India's exports shrank in January for the 14th straight month on continued weak demand from Europe
Prime Minister Modi took over power in mid-May with high expectations that it would strengthen India's fragile macro economy and faltering investment and growth.
RBI's latest rate cut is positive for the economy.
Most families had high value currency notes and they used it for making payments during the pre-demonetisation era.
Aakar Patel looks forward to Prime Minister Modi's speech at the bhoomi pujan for the Ram temple in Ayodhya next week. It will be entertaining and stirring, predicts Aakar, and make lots of promises that he most likely won't be able to keep.
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
Economy showing mixed signals, outlook challenging: FinMin
The government is moving ahead slowly but steadily.
Reserves provide a cushion against shocks.
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
As per a PMO statement, Modi told the investors that "he believes in a fair, predictable and consistent tax system
The World Economic Forum's five-day annual summit began in Davos this evening amid hopes of recovery in global economy and a time of renewed terror threats after recent strikes in France and other parts of globe.
"People giving me unasked for advice of discipline and restraint don't realise that if I disregard discipline there would be a bloodbath," he tweeted in an obvious attack on Jaitley.
Unlike the Advance Estimates which missed the impact of demonetisation, CEA's survey is likely to have a better take on Indian economy.
Relations between the Mint Road and North Block have often been frosty, with the former's calls for lowering rates being the biggest point of difference
The Chinese had enough foreign reserves.
In a paper, EAC-PM accused Subramanian of "cherry-picking high-frequency indicators" to express his skepticism about the growth rates after 2011-12.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
The FM said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.
The RBI Governor brought down retail inflation to 3.8% in July.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
The shift was sudden, quite unlike Shukla's departure from North Block, which had been anticipated for some months even before Singh''s first Budget.
The ED has received documents from almost all banks that lent money to KFA.
There is a need for tax reforms in the country in a bolder way, Singh said.
