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.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
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.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
An important fallout of the increasing crude oil prices is the sharp rise in unfunded liabilities.
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
A rate cut could stimulate demand and help revive industrial activity, without much risk of sparking off inflation again.
'There is a bleak business outlook for trade and industry as government struggles to rev up economic growth and labour market.'
The Finance Minister himself admitted that the tax proposal could have some inflationary bearing.
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.
Hailstorms may cause Rs 12k-cr crop damage, El Nino a bigger worry.
RBI Governor Raghuram Rajan is expected to express that cautiousness as he looks to manage expectations.
Growth forecast has been lowered owing to tepid growth in the first half of 2017-18, the lingering effects of demonetisation, transitory challenges of GST, and some risks to agriculture stemming from a spotty monsoon.
RBI said more monetary transmission to support growth continues to be critical.
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
The rupee sank below 60 rupees to the dollar and government bonds had their biggest single-day fall in a month on Monday as higher-than-expected May inflation compounded worries about the impact of violence in Iraq on the price of oil, which India imports.
Voting for the 2014 general elections will begin in April and it is expected Budget 2014-15 will be presented in June.
The United Nations has warned that relief supplies are running out amidst growing humanitarian needs in flood-ravaged areas of southern Pakistan, where more than five million people have been affected by a deluge triggered by monsoon rains.
Asserting that retail inflation excluding food and fuel is still at an elevated level, the Reserve Bank of India on Tuesday said it would endeavour to curb price increases.
Union Cabinet committee on accommodation has allotted 6 Krishna Menon Marg -- the prestigious type 8 bungalow -- to the Jagjivan Ram Foundation.
It has already cut the rate three times this year to loosen credit and boost slowing growth in Asia's third-largest economy.
The stronger than expected monsoon has not yet softened food inflation as much as it should have and in particular, vegetable prices have been impacted by weather-driven supply disruptions, said RBI Governor D Subbarao while unveiling the first quarter monetary policy review.
This is contrary to the expectations of a majority of analysts predicting for another hike given the rise in inflation lately, including domestic ratings agency Icra
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.
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
He also assured further steps to mitigate farmers suffering after making a full assessment of the poor monsoon rains.
The new-age traveler is no longer into ticking a checklist of must-see spots on his holiday. He is ready to pay a premium to experience culture, crafts and culinary delights of the local populace
The most serious recommendations to change the financial year came in the years preceded by deficient rainfall. The Jha committee was formed after droughts in 1979-80 and 1982-83, reports Rishika Pardikar/IndiaSpend.
The retail inflation, which is factored in by the RBI to arrive at its monetary policy, has been on decline since last month. The previous low was 5.54 per cent in November 2019. The government has asked the RBI to restrict the inflation around 4 per cent, with a margin of 2 per cent on the either side.
Prime Minister Manmohan Singh said on Tuesday that the country was facing a drought threat. India's vital monsoon rains have been 29 per cent below normal since the beginning of the June-September season, hurting crops such as rice and sugarcane and triggering a sharp rise in food prices.
Skyrocketing prices have even the Supreme Court worried. On Tuesday, the Apex Court expressed concern over the spiralling prices of food items that have hit the common man hard.
More than 3,000 squads under health and local self-government departments have started the process of cleaning houses and public places, official sources said.
FMCG sector will benefit from measures taken to negate food inflation pressure on common man and also measures to boost disposable income.
The Modi government is notoriously honest about one fact: It does not listen to economists, observes Shekhar Gupta.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
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