Lower inflation, FCNR(B) outflows likely to influence central bank decision
Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government, if he is seen as overstepping.
The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
Next time you swipe, ask yourself, do you really need it or do you just want it?
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.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
'Obviously, there is always an argument that a weaker rupee could push up, to some, extent exports.' 'The fact that the rupee has appreciated against the Chinese currency is pushing a lot of Chinese imports into the Indian market.'
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
SBI data shows the per-capita payouts for scheme have shot up this year.
Experts caution against tough times in Indian equity markets in 2015.
Himanshu Sehgal is traveling across India, armed with a plate and a camera.
2013 foreign currency non-resident deposits to mature in Sep-Nov
Latest official data shows that investment is, in fact, showing signs of a moderate pick-up.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
Though inflation, on the basis of the wholesale price index, is nowhere near the 1990-91 level of 10.26 per cent and India is in a much better position to check it, the greater integration of our economy with the globe has exposed it to a much higher risk of imported inflation.
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
Union Budget had projected the fiscal deficit at Rs 5.56 lakh crore.
In terms of electoral fortunes, in all likelihood, the status quo is not going to change in any significant manner. These six seats from Bihar are unlikely to give any clear signal to UPA, NDA or Federal Front.
The WTO has fixed an external reference price (ERP) for rice at Rs 3.52 per kg
Here are the developments in the murder case which has taken explosive twists and turns since Indrani's arrest on Thursday night.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
Many economists say only a substantial rise from October would point to a real recovery.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
Tasher Desh is staggeringly-original film, writes Raja Sen.
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