Will the 6 per cent inflation target be met?
Retail inflation has eased from double digits in 2013.
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
'Mr Modi has a huge opportunity before him.' 'Whether he grabs it the way Mrs Gandhi did in 1969 or squanders it as he did in 2014 will determine his economic legacy,' notes T C A Srinivasa-Raghavan.
The pay hike has been made effective from January 1, 2016.
Maintaining that the economic policy of the United Progressive Alliance government has failed, the Communist Party of India
Low rain coupled with the fact that maize prices in the open market have surged from around Rs 15-16 a kg to almost Rs 25 this year have forced farmers to turn to this crop.
Attacking the United Progressive Alliance government, Bharatiya Janata Party leader and former Finance Minister Yashwant Sinha on Wednesday said 4.9 per cent economic growth is not because of government's policies but due to good monsoon.
Wholesale fuel prices in May fell 10.51 per cent year-on-year.
The Indian Met Department has predicted a below normal monsoon.
According to Krishi Bhawan officials in New Delhi, due to the well-distributed rainfall this monsoon, kharif production is set to rise perceptibly and consequently the net sown area will also increase.
In the Northeast, while three people died in Assam, two each lost their lives in Arunachal Pradesh and Mizoram in rain-related incidents.
As the rising population is building pressure on food demand, the government may not allow acquisition of high-yielding farm land for non-agricultural purposes
Monsoon is this year expected to bring 19 per cent less rainfall than usual, resulting in an equivalent decline in sowing activities.
106 people died on a single day on Thursday.
Talking to reporters outside Parliament, Dr Singh said: "We have wasted a lot of time in the last two-three sessions and hope this is not repeated in this session. The government is willing to discuss all issues on the floor of the House."
Experts said a future rate cut would depend on the inflation.
RBI likely to cut rate early next year.
Jaitley said inflation has been under control for long and is likely to remain so on the back of good monsoon and unlikely spike in oil prices.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
The government on Thursday said India's forays in the world grain market will be reconsidered if the monsoon fails for the second consecutive year as the country's food security is of primary concern.\n\n\n\n
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
The Reserve Bank of India governor Bimal Jalan has hinted at an upward revision of GDP and likely downward movement of inflation in view of food prices coming down following a good monsoon.
Headed to this dreamy hill station in Maharashtra? Here's what you can do there, says Anita Aikara.
A slew of Bills that will have a significant effect on India's financial landscape are likely to come up in the Monsoon session of Parliament.
About 4.41 lakh rural habitations are facing drinking water scarcity and the government is closely monitoring the drought situation on a daily basis in 10 states, Agriculture Minister Radha Mohan Singh said on Saturday.
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
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.
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
Pranjul Bhandari, Chief India Economist, HSBC, speaks about a range of issues ranging from inflation, to how Goods and Services Tax and land acquisition bills can help India hit double digit growth, and her impressions about economic growth in the last one year after Narendra Modi took over as India's Prime Minister.
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
The state of Kerala is witnessing damage like never before as the floods have claimed over 350 people since May 30 and have forced over 10 lakh people out of their homes. According to figures, a whopping 12.47 lakh people are living in approximately 1,155 shelter camps after their homes and their lives were destroyed in the deluge. As the state struggles to find its feet, here's a glimpse of what life looks like in a shelter.
The Modi government is notoriously honest about one fact: It does not listen to economists, observes Shekhar Gupta.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
Intense spells of rain are likely to continue in the districts of Thane, Raigad and Mumbai during next four hours, the India Meteorological Department (IMD) said.
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
The chief minister still has time to repair the damage but he will have to act all-round, both at the government and party levels, suggests N Sathiya Moorthy.
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
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