India's foreign exchange reserves are at an all-time high.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
Macro and micro environment are becoming more challenging.
If the projections come true, then India would regain the tag of the fastest growing major economy of the world, crossing China with more than 0.7 percentage point in 2018 and an impressive 1.2 percentage point growth lead in 2019.
During the meeting, Obama expressed appreciation for Saudi Arabia's contributions to the campaign against ISIL, the White House said in a readout of the meeting.
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
Modi sarkar will have to undertake reforms to prove its mettle.
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.
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.
The Congress,BJP and AAP have carved out clear constituencies for themselves. Some of them may overlap with one another, but they seem to have positioned themselves well, says A K Bhattacharya.
From inflation, central bank shifts focus to rupee stability and capital flows.
Higher crude oil prices also translate into better corporate earnings for India's top companies
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
India's captains of industry said they were disappointed at the exit of Reserve Bank of India Governor Raghuram Rajan.
Bharatiya Janata Party member Subramanian Swamy on Friday introduced in the Rajya Sabha a private member bill which seeks "deterrent punishment", including the death penalty, for slaughter of cow and issues related to that.
Government sources say India could consider raising the policy repo rate if the rupee falls towards 61-62 to the dollar.
Investors with stalled projects and mounting bad debt will refinance their loans.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
the RBI will need to fulfil its April 4 pledge to avoid liquidity shortages.
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
Their net NPA as a proportion of net advances were 2.2 per cent, compared with 1.7 per during the same period a year earlier.
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
In the past two weeks China has cut interest rates.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
RBI Governor Raghuram Rajan wanted to improve training for staff, through initiatives such as sending them to other central banks for short stints.
India, he said, has opened up its markets and stepped up public investment including in the infrastructure space and is concentrating a lot on boosting expenditure to improve the quality of rural life
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Finance Minister Arun Jaitley presented the Union Budget.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
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