'This announcement is big foolishness.' 'The government has no idea of economics. They are just announcing what comes to their mind.' 'Let them implement what they have announced and just see what will happen in two years.'
The downward trend in prices might continue as demand is unlikely to recover in May. Moreover, increased production has also put pressure on prices of commodities.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
Retail inflation measured by the consumer price index has risen sharply across food and non-food constituents, including services, keeping inflation expectations high, the Reserve Bank of India said in its Second Quarter Review of Monetary Policy 2013-14.
El Nino, which refers to warmer-than-average sea surface temperatures in the central and eastern tropical Pacific Ocean, will likely to keep CPI inflation up at 8-10 per cent in the second half of 2014 and will pose a 50-70 basis point risk to this fiscal's growth expectation, the report by financial services major Bank of America Merrill Lynch said.
Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25 per cent after a gap of two years and ease liquidity by reducing the marginal standing facility rate for banks.
The government will announce minimum support prices for kharif.
Rains have been 5% below normal so far, but Met department sticks to its forecast
'He is not looking at the interest of farmers. He only wants to do the politics of elections.' 'This Budget is for the new super India. It is exploiting the villages of Bharat.'
Indian cotton and paddy could see their competitiveness in international markets take a hit
Chief minister Shivraj Singh Chouhan's task is to live down the hype and address the nitty-gritty, reports Radhika Ramaseshan.
Making the announcement, Chief Minister Devendra Fadnavis said this was the "biggest" loan waiver scheme in the country.
Hopefully, the small recovery in the labour force and employment seen in the September-December 2017 wave will gather momentum in the coming waves, says Mahesh Vyas.The challenge, says Mahesh Vyas, is to find the corresponding jobs for these aspirants.
With about 40 per cent deficit rainfall during the monsoon season in parts of the state and shrinkage in sowing area, the Andhra Pradesh government has directed the Tirumala Tirupati Devastanam to "perform Yagnas" in temples to propitiate the rain God.
As many as 116 farmers have committed suicide due to agrarian reasons so far this year, with maximum cases reported in Maharashtra, followed by Punjab and Telangana.
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
Experts said many of the programmes started in the last one year have been dogged by poor implementation, something which the state seriously needs to answer as it faces a tough electoral battle in the months ahead.
Next week could see some respite from the heat.
The country had imported 5.5 million tonnes of pulses last year.
Of all the pulses, tur appears to be the most desired.
According to Modi, the TMC's 'political syndicate' rules in the land of 'Vande Mataram' and 'Jana-Gana-Mana' and pursues appeasement and vote bank politics.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Madhya Pradesh, Maharashtra, Rajasthan, Chhattisgarh (all BJP-ruled), Karnataka, Haryana, Punjab, Uttar Pradesh, Jammu and Kashmir, Bihar, Assam, West Bengal and Kerala are among the worst performers.
Despite his ministers on shaky ground, Chouhan -- at the helm for three consecutive terms -- is holding the fort. He is being aided by a capable team for public relations and the RSS, which has deployed its workers to bolster the BJP's campaign, reports Sandeep Kumar.
The jawans are helping farmers in ploughing their fields
Interest rate sensitive stocks gain ground post decision
Dealers are selling gold at a discount of Rs 175 for 10 gm.
The best option to reduce farm distress in the state is that when the rains fail, the state -- the central and the state government -- provide a financial cushion for the farmer
The second-quarter GDP numbers are scheduled to be announced on Friday.
'Of the 9.5 million unemployed who stopped looking for jobs, nearly seven million were young.' 'Is it possible that the young decided to continue with studies rather than look for jobs?' asks Mahesh Vyas.
Total area impacted across India pegged at 18.9 mn hectares.
The industry expects Iran to purchase at least 1 million tonnes this financial year
Officials in the weather department said the monsoon is expected to be below normal because of the El-Nino effect.
Contrary to some predictions, rainfall is adequate so far.
Trend could continue on downward revision in winter harvests.
However, it's too soon to see any trend; July rain is key.
The Aayog recently met the ministries on the issue.
Now, government is also contracting imports.
At a rally on the occasion of the BJP's 38th Foundation Day, the BJP president expressed confidence that his party would win the 2019 polls, "not by giving hollow assurances but on the basis of work done by the Modi government".
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
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