'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Assocham expressed concern over the precarious situation that the manufacturing sector is in, observing that if the trend does not reverse with monetary and fiscal measures it would be difficult for the industry to generate jobs.
The Reserve Bank left interest rate unchanged.
The current debt market scenario is balanced from rates perspective.
The govt hiked defence budget by 7.81 per cent over last year's Rs 2.74 lakh crore.
Public investment is very crucial for GDP growth, says finance ministry.
The quantum of price increase will vary from Rs 5,000 to Rs 20,000 across all models, the company said in a statement.
While there is pressure on the Reserve Bank of India to cut policy rates to spur stagnating industrial growth rates, Pronab Sen, principal advisor to the Planning Commission, says the central bank should exercise caution till it is sure inflationary expectations are under control.
'Earlier-than-expected tapering from the US, followed by rate hikes, and locally, a potential third wave, which mimics the second wave in terms of severity.'
The company currently sells various vehicle brands in the country ranging from hatchback Spark to sports utility vehicle Captiva, priced between Rs 333,000 and Rs 25.71 lakh (Rs 2.57 million), respectivley, (ex-showroom Delhi).
'Increased allocations for MNREGA could have provided the much needed push to rural demand and consumption at a time when recovery continues to remain uneven.'
It's crucial for Modi to make India an easier place to do business.
'Today, there is no easy money to be made after the run-up in equities.'
Finance Minister Pranab Mukherjee on Monday said the hike in prices of petroleum products will have some inflationary impact in the short-term but price pressures will moderate from the middle of July.
The Federal Reserve must now ensure that higher inflation doesn't derail the US recovery.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
Some of the country's largest listed real estate developers - DLF, Prestige Estates, and Puravankara - are foraying into the Rs 50,000-crore residential property market of Mumbai, where home prices are among the highest in the world. All of them are set to launch residential projects in the financial capital of the country, where the market is dominated by players such as Runwal, Lodha, and Oberoi Realty, among others. Leading the race is Prestige, which has lined up 6 million square feet (msf) of new launches in the city across Mulund and Byculla in the third quarter of this financial year (2021-22).
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
The Reserve Bank of India on Monday said the steps initiated by the government in recent weeks are expected to help control inflation and inflationary expectations. Listing out the possible pressure points, including high oil prices that are expected to stay at elevated levels, the RBI report on Macroeconomic and Monetary Developments in 2007-08 noted that inflation risks due to petroleum prices remained incipient.
Ambassador Islam A'Isi' Siddiqui -- who recently resigned from his position as chief agricultural negotiator in the office of the United States trade representative -- has joined the Center for Strategic and International Studies as senior adviser on Global Food Security.
"These are essential commodities which have great impact on inflationary expectations," Reddy told reporters on the sidelines of a function in Mumbai on Monday. High food and crude oil prices were in a way anticipated and 'the pressures have been flat,' he said.
The UN World Economic Situation and Prospects 2014 report said a mild recovery in investment as well as stronger export growth will help in the gradual GDP pick-up.
The global economy may just be entering a new phase.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
The rupee has depreciated 10.5 per cent against the dollar this year, making it Asia's worst-performing currency.
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
Politically, it will not be easy for Modi to take hard decisions such as raising fuel prices in the first budget, given the risk of higher inflation.
And why markets could give up 25 per cent of all these gains made since March 2020
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
Attacking Prime Minister Manmohan Singh over the proposed Food Security Bill, Gujarat Chief Minister Narendra Modi said the bill, in its current form, will push the country toward "malnutrition".
Business confidence remained positive in August and was driven by upbeat forecasts of sales, an expected improvement in demand and promotional activities
'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.
Household consumption recovered in urban India in May-July but remains weak in rural.
The Central bank primarily factors Consumer Price Index while deciding on policy rate.
India Ratings on Mondy projected a 7.7 per cent growth this fiscal driven by consumption demand.
