State debt is rising because revenues are disappointingly weak. Ten states have debt ratios exceeding 30 per cent. In 2023-2024, states were borrowing simply to meet day-to-day expenses, points out Debashis Basu.
Retail inflation inched up to 0.71 per cent in November on rising prices of vegetables, protein-rich items, and fuel, government data showed on Friday. The consumer price index (CPI)-based retail inflation had fallen to a record low of 0.25 per cent in October, mainly due to lower prices helped by GST rate cuts and a favourable base.
Aiden Markram and Mitchell Santner's individual performances could potentially decide the outcome of the T20 World Cup semi-final on Wednesday.
Egypt, Pakistan, Saudi Arabia and Turkey met in Islamabad in what analysts say is the formal opening of a new diplomatic formation that could reshape the post-war regional order. Their immediate goal is a ceasefire; their larger ambition is to ensure that neither Iran nor Israel emerges from this war in a dominant position. Pakistan's foreign minister then flew directly to Beijing and mooted a Chinese role as guarantor of any eventual agreement. Prem Panicker continues his must read daily blog on the Gulf War.
India and South Africa will face off in their opening Super Eight match of the T20 World Cup. The match will test India's batting line-up against South Africa's formidable bowling attack.
Here's unlocking the real story behind your EPF's 8.25% interest and what it truly means for your retirement kitty.
Foreign portfolio investors have started 2026 on a cautious note, extending their selling streak from last year by withdrawing Rs 7,608 crore ($846 million) from Indian equities in the first two trading sessions of January. The withdrawal of funds followed the largest outflow of Rs 1.66 lakh crore ($18.9 billion) recorded in 2025, triggered by volatile currency movements, global trade tensions and concerns over potential US tariffs, and stretched market valuations.
CREDAI Chairman Lalit Jain said a long term status quo on interest rates would not help prospective home buyers.
'India has the potential to grow at more than 7%, with the monetary policy providing a supportive hand.'
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.
Captains of the banking industry expect rates to move up, says Rajesh Kumar.
Property developers, consultants and brokers have seen a 40 per cent decline in enquiries from home buyers over the last three months.
India should be prepared for lower GDP growth of around 7 per cent in 2008-09, according to the Mid-Year Review of the finance ministry that was tabled in Parliament on Tuesday.
'The next phase of India's IPO cycle will be defined by quality, pricing discipline and investor selectivity.'
The automobile and auto-ancillary sector is expected to show strong Q3FY26 results, aided by festival-led demand, rationalisation in goods and services tax (GST) rates for select categories of vehicles, easing interest rates, and improving rural sentiment.
Finance Minister Nirmala Sitharaman's biggest challenge will be to find a new growth driver, particularly against the backdrop of a global economy ravaged by heightened uncertainty and fragmentation, financial markets on a precipice, and global commodity prices on a continued uptrend.
RBI has also announced new guidelines to price loans from April 1.
Volatility in lending and deposit rates witnessed during the year is expected to end in 2009 with interest rates seen to be going down, due primarily to an easy monetary stance being pursued by the Reserve Bank of India to push growth.
A senior SBI official dealing with the retail business confirmed the country's largest lender's decision.
The Reserve Bank of India in its quarterly monetary policy review has hiked rates.
Individuals and corporate borrowers face the prospect of further interest rate increases, as the Reserve Bank of India battles inflation and high credit growth.
The finance ministry has voiced the opinion that there was no need for the RBI to increase the key rates that could impact the banks lending rates.
On higher amounts, banks are allowed to offer differential rates to depositors.
State Bank of India, India's largest lender, on Thursday slashed interest rates on working capital loans to micro, small and medium enterprises by 0.5-1 per cent effective from December 16.
India are looking to create history, as they aim to become the first team to successfully defend the T20 World Cup, while England will be aiming to reclaim the title they last won four years ago.
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
The last scene in Hamnet will be seared in movie memory, notes Deepa Gahlot.
'There is a fortune in stolen money, counterfeit notes floating around, and political skullduggery afoot, along with treachery, double dealing, kidnapping and all manner of wickedness packing the series so densely that the pace never flags and a profusion of twists keeps the story engaging even when it strains credibility,' notes Deepa Gahlot.
The Reserve Bank of India (RBI) on Friday delivered a 25 basis point (bps) repo rate cut analysts expected, driven by the strong 8.2 per cent GDP growth in the September quarter. However, analysts do not expect a runaway market rally as the impact of US tariffs continues.
Finance Minister Pranab Mukherjee on Wednesday asked banks to cut interest rates and provide cheap credit to industry in order to spur economic activity.
ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases.
In order to boost growth amid some softening of inflation, RBI earlier this month cut the key interest rate by 0.25 per cent. It is scheduled to announce its mid-quarter policy review on June 17.
Banks may reduce their interest rates.
Last week, RBI raised the CRR--amount lenders need to keep with the central bank-- by 75 basis points to suck out Rs 36,000 crore (Rs 360 billion) from the system and cool down inflation.
Investors have often been left scratching their heads over why a company's stock fails to move despite delivering beating earnings results, only to see the stock fall. According to theory, beating earnings should translate to higher stock prices, but in today's interconnected world, stock prices do not depend on the numbers.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
Finance Minister Pranab Mukherjee to address RBI's Central Board of Directors on July 11, may discuss the government's borrowing programme.
The government plans to borrow nearly Rs 4,00,000 crore (Rs 4,000 billion) from markets during 2009-10, a rise of about 50 per cent over what it borrowed a year ago, to fund the widening fiscal deficit necessitated after stimulus doses for the economy.
