The CAD was brought under control in 2013-14 after government imposed restrictions on import of gold. Following, this in 2014, certain restrictions were withdrawn.
Any attempt to push growth beyond 9.5 per cent in the 12th Plan period that begins next year may lead to higher inflationary pressures and current account deficit woes, says Chairman of the Economic Advisory Council to the Prime Minister, C Rangarajan.
Here are four ways to keep your credit score in the green
HDFC Bank has launched mobile banking service on SMS for Reliance IndiaMobile customers, which will enable customers to see their account balance, get mini statements, fixed deposit details and make requests for cheque books.
The brand integration not only marks the completion of the largest telecom merger in the world, but will also set the company on its future journey to offer strong digital experiences to 1 billion Indians on its 4G network.
The state has allowed industrial units in special economic zones (SEZs) to lay off workers without government's sanction, regardless of the number of workers
While it is a convenient mode of payment, it is not an efficient way of borrowing. Repay your dues fully every month if you decide to use it
Few right moves and you can improve your credit score real fast
The confidence that GST Network is capable of handling the returns, payments, reconciliation, refunds, etc., has been badly shaken.
As per the initial proposal, DoT had sought 60 days time to start auction from the date cabinet decides on the spectrum base price and the NIA was to be issued after 15 days of the decision.
The capital infusion would help improve the financial health of banks. While some banks would get necessary regulatory capital while others would get it for fueling growth.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
'This pandemic has only made my belief stronger that we should live for today because we do not know what tomorrow has got to offer.' 'Tomorrow is not even guaranteed.'
Follow these if you want to enjoy credit happiness and easy access to finance in the New Year by maintaining a healthy credit report and high credit score
There is no overnight solution and it requires plenty of patience and discipline to set it right
India's balance of payments for the first quarter of this fiscal showed a three-fold increase in deficit in trade balance at $15.8 billion against $5.1 billion in the same period last fiscal.
Whether it is DLF in the National Capital Region, or Godrej Properties and Oberoi Realty in Mumbai or Sunteck Realty, Prestige Estates and Sobha Realty in Bengaluru, most top players have launched or lined up a slew of new project launches during this season.
Retail customers of banks, who have to pay exorbitant charges and penalties for basic services and pre-payment of loans, are in for some good news. The Reserve Bank of India (RBI) is considering a ceiling on such charges.
India's services exports in December stood at $12.87 billion, slightly higher from a month earlier, according to the Reserve Bank data released.
Use credit cards with discretion and try to generate a net monthly surplus to avoid falling into a debt trap
All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts.
Sources close to the development said a significant amount of around Rs 7,000 crore had been put into the SBI account with a proposal on escrow of the deposited funds.
While long-term debt increased by 9.5 per cent to $230 billion, short-term debt registered a sharp increase of 26 per cent to $66 billion.
Last week's panic in financial markets finally forced European policy-makers into taking decisive action.
The outbreak and lockdown have thrown up a number of challenges, such as layoffs, pay cuts and a general slowdown. Many subscribers after their unsuccessful attempts to use the scheme have taken to social media to voice their complaints, as the EPFO website and grievance portal suffer outages and its customer helpline remains unreachable.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
Insurers have already paid 60 per cent of the total hull losses, which was estimated at $50 million (about Rs 230 crore), while AI will receive the balance 40 per cent by this week, industry sources said.
You filed your income tax returns for 2017-2018 and think you tax problems are over for now. But have you paid your advance tax this quarter, asks Samkit Maniar.
Other Health Food Drinks brands of GSK -- Boost, Maltova and Viva -- would come to HUL's portfolio by virtue of the merger, making it a leading player in the segment.
'Since the growth is not fast enough to provide jobs for the young, the fallout will be political and social,' warns T N Ninan.
There is a huge gap in service charges on other factors such as penalty on cheque return.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
Talking about home loan rates, there is good news for borrowers.
The registration was cancelled as Infosys Foundation allegedly did not file income and expenditure statement on foreign funding for the past few years, officials said.
Policies to address CAD has worked well believes the bank's economists.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
Only a mix of sterilised currency intervention and capital account management can halt the rupee's rise, says Shankar Acharya.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
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The bank says the rupee can reach 57-58 levels though the RBI may try to stem the volatility by starting to build reserves at 60.
