On the employment front, services employment was unchanged in April.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
Kannada actor and former MP Ramya has been selected to lead the party's social media outreach.
Food articles inflation at 8.43% compared to 8.14% m-o-m.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
'The arrests of Sanatan Sanstha members for committing murder and stockpiling explosives with the alleged intent of committing mass murder must be embarrassing to a majoritarian government,' notes Devangshu Datta.
India has built two top-secret facilities in Karnataka to enrich uranium in pursuit of its hydrogen bomb dream.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
During this 24-hour "lock-in period", passengers would be able to make correction in name or amend the travel date free of cost
The RBI had lowered policy rates by 0.50 per cent between January-March to prop up economic growth.
The report said efforts to stabilise the economy through monetary policy interventions need to be complemented by appropriate fiscal policy measures.
Both the indices ended at their highest levels since February 1.
However, RBI would continue to nudge banks to cut lending rates
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
'Please don't celebrate me if you are not going to listen to my voice.'
In the context of RBI's view that the real interest rate, defined as the repo rate less "look forward" CPI, should be around 150-200 basis points.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Import curbs on Chinese panels and modules may help, but low demand and capacity remain problem areas, says Shreya Jai.
Just as very high oil prices looked an anomaly in a sluggish world, so now do record high equities.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
Ratnagiri Gas & Power Pvt Ltd, in charge of Dabhol assets since 2005, has admitted it is passing through a difficult phase in the absence of gas allocation and low recovery of dues from the Maharashtra State Electricity Distribution Company.
Small and medium enterprises have been struggling to raise bank credit even as they have been powering India's manufacturing growth in recent years.
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Food and fuel inflation in India have remained high for several years, the paper said, adding to durably reduce the current high inflation, the monetary policy stance needs to remain tight for a considerable length of time.
Last year this time, India was grappling with an imminent sovereign downgrade, with an uncontrolled fiscal deficit, policy paralysis of the highest order with no economic reforms for eight long years and a weakening rupee.
Deflation masked the rise in food inflation to a 5-month high.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
As someone with nostalgia for the good cheer and friendly feelings of Brazilian people, former Ambassador to Brazil B S Prakash can only hope that when they see on their TV screens their President being feted on Rajpath, they will sense India's goodwill for Brazil.
While the RBI can nudge things along, ultimately bank owners must recapitalise and review internal processes to ensure that a culture of irresponsible lending doesn't continue, says Devangshu Datta.
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
Strong new business growth was the primary factor.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
