There is good news and even better news for gold consumers - prices of the precious metal have fallen to a nine-month low of Rs 8,725 per ten grams right ahead of the marriage season and are set to dip further in the coming weeks.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
Retail inflation rises to 4.41% in Sep on dearer food items
The previous bout of Fed withdrawal fears had threatened to spark a crisis of confidence in India -- sending the rupee to a record low of 68.85 in late August and leading to steep falls in bonds and stocks.
GST making you anxious? Here is a fact-check on how new tax will impact you.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
Rediff.com takes its readers through the various moods of Raghuram Rajan.
Price rise in services sector after the goods and services tax (GST) gets implemented and the pay hike of central government employees will make inflation control a tough job for the central bank
Pulses cropping has jumped to 39.4 per cent above 2015 levels.
The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th Pay Commission
Friday's US data showed addition of 173,000 jobs in August.
There are glaring anomalies with Indian data and that could lead to wrong policy prescriptions.
Noida-based Ringing Bells is launching India's most affordable smartphone, priced at Rs 251.
Market participants must appreciate that staying cautious is a virtue for central bankers and should not expect a sudden reversal in the formal monetary policy stance.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
Public sector oil companies lost Rs 9800 crore (Rs 98 billion) in the first six months of 2004-05 fiscal for selling petroleum products below the import cost, Petroleum Minister Mani Shankar Aiyar said on Tuesday.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
For India, Fitch Ratings has 'BBB-' rating.
As the MPC is mandated to target CPI inflation rate at 4 plus minus 2 per cent, any measurement error in CPI is likely to have grave consequences for monetary policy.
High oil prices are expected to push up inflation to 3.9 per cent in the next three months, hardening interest rates, economic think-tank IEG has said.
With fuel being the main input cost for the transport sector, rise in cost of operations is a given. The sector is unsure on the extent of being able to pass this on through rentals or to absorb it with higher volumes.
The central bank had revised its inflation forecast significantly downward in the last policy
Forex dealers said besides the dollar's gain against other currencies, fresh demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.
Governor Urjit Patel and his deputies spoke to the media about the central bank's decision to raise the repo rate.
'The people of India have not only challenged the ruling dispensation with the constitution, they have also opened the eyes of the leadership that sits in the Opposition.'
The RBI, which has been keeping rates at an elevated level citing high inflation, wants it to come down to 6 per cent by January 2016.
More rate cut by RBI unlikely this fiscal, say Ind-Ra
Patel urges government to rein in borrowings, inflation
Traders are looking ahead at the consumer prices data due on Wednesday, amid rising expectation the Reserve Bank of India could opt for earlier-than-expected cuts in interest rates should inflation continue to ease.
Be a disciplined investor for attractive returns, says fund managers.
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Economy still faces many challenges and 'relatively big' downward pressures such as increasing difficulties for businesses and the emergence of economic risks, the Central Economic Work Conference said.
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The Wholesale Price Index-based inflation was (-)4.54% in Sep.
Overseas investors buoyed by recent rate cut by RBI and hopes of a good monsoon
The rupee had lost 30 paise to close at 61.35 in the previous session on Friday on fresh demand for the US currency from banks and importers due to firm dollar overseas and sharp fall in local equities.
Industrial output had slowed to 5-month low of 2.1% in March.
The survey showed firms' confidence regarding future business grew at the slowest pace in a year last month.
Rajan had cautioned against any deviation from the fiscal discipline path.
With the 'busy credit season' which witnesses a spurt in loan demand going up, it would be good to lower the rates ahead of it
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