The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
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.
106 people died on a single day on Thursday.
An important fallout of the increasing crude oil prices is the sharp rise in unfunded liabilities.
Headed to this dreamy hill station in Maharashtra? Here's what you can do there, says Anita Aikara.
The Maharashtra government on Tuesday withdrew its lockdown relaxation norms for Mumbai and Pune regions, both coronavirus hotspots, and revised its last week's guidelines prohibiting door-to-door delivery of newspapers and magazines in the state.
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.
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
In the Northeast, while three people died in Assam, two each lost their lives in Arunachal Pradesh and Mizoram in rain-related incidents.
A rate cut could stimulate demand and help revive industrial activity, without much risk of sparking off inflation again.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
The Finance Minister himself admitted that the tax proposal could have some inflationary bearing.
Hailstorms may cause Rs 12k-cr crop damage, El Nino a bigger worry.
'There is a bleak business outlook for trade and industry as government struggles to rev up economic growth and labour market.'
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Voting for the 2014 general elections will begin in April and it is expected Budget 2014-15 will be presented in June.
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.
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.
RBI Governor Raghuram Rajan is expected to express that cautiousness as he looks to manage expectations.
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.
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.
RBI said more monetary transmission to support growth continues to be critical.
The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.
He also assured further steps to mitigate farmers suffering after making a full assessment of the poor monsoon rains.
It has already cut the rate three times this year to loosen credit and boost slowing growth in Asia's third-largest 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.
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.
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.
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.
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.
Chief Economic Adviser K V Subramanian on Monday said the overall impact of the second wave of COVID-19 on the country's economy is not likely to be large but cautioned about an uncertainty surrounding the pandemic going ahead. He further said that given the circumstances due to the pandemic, it is difficult to forecast if the country would achieve a double digit growth in the current fiscal. The Economic Survey 2020-21 released in January this year had projected GDP growth of 11 per cent during the current financial year ending March 2022.
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.
FMCG sector will benefit from measures taken to negate food inflation pressure on common man and also measures to boost disposable income.
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
