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.
Food articles inflation at 8.43% compared to 8.14% m-o-m.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
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.
Sensex sinks into red at close on growth concerns.
Industrial production was seen growing 1.8 per cent from a year earlier in July, slower than June's 3.4 per cent increase, according to the median consensus in a poll of 31 economists.
The central bank was widely expected to maintain status quo.
Industrial production (IIP) grew to a three-year high of 6.4 per cent in August, up from 4.1 per cent in July.
A Cabinet reshuffle is likely by July 10, a fortnight before the monsoon session of Parliament begins. The Congress wants its allies like the Nationalist Congress Party, Trinamool Congress and the Dravida Munnetra Kazhagam to hand over some of their high-profile and 'profitable' portfolios. The ruling party reportedly wants Agriculture Minister Sharad Pawar to part with the food portfolio, so that it can be allotted to Congress's new found ally Ajit Singh.
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.
Scanty rain would have put extra pressure on food prices.
Next bi-monthly policy statement on September 30.
The US Fed's rate cycle is set to turn later this year, but India is in a much better position than it was in 2013.
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 house is near the boundary of the Sanjay Gandhi National Park, one of the largest pockets of forest enclosed within a city.
India economy clocked a five-year high growth rate of 7.6 per cent in 2015-16.
'I hope the trend is sustainable and that economic activity accelerates going forward.'
India Ratings on Mondy projected a 7.7 per cent growth this fiscal driven by consumption demand.
The Monetary policy committe comprising 6 members voted 6-0 in the favour of the rate cut.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
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.
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
The visual of a man kneeling down in muddy waters to help women step on to him to get into rescue boats went viral on Sunday.
Excise duty hike for cigarettes could be lower.
A newly-developed scientific strategy may finally end the woes of farmers by averting the possibility of lower crop production or even crop failure and higher food prices in the event of delay in monsoon rains.
The Reserve Bank in its first mid-quarter policy review on Monday kept the key interest rates unchanged because of elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows.
While Reliance put up a good show, NTPC nosedived on the BSE on Monday.
India's economy grew an historically modest 7 per cent last quarter but industrial output has generally been strong.
Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement, points out Tamal Bandyopadhyay.
For August, CRISIL core inflation indicator stood at 3.6 per cent, a tad higher than RBI's measure.
The President in his address to the joint sitting of Parliament unveiled the policies and priorities of the Bharatiya Janata Party-led National Democratic Alliance government which assumed power last month after elections to the 16th Lok Sabha.
The Congress has ruled India for 54 of the last 67 years; that it took the party over six decades to come up with bills that provide citizens their basic needs is a shame, not a moment of triumph, says Amberish K Diwanji.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
Hemant Shivsharan takes us on a trip to Matheran with these photographs
In a statement the Sabha says that paddy cultivation has been severly affected and that the PM had not announced any hike in the Minimum Support Price for the growers, as sought by them. The Sabha also calls for the reccomendations of the MS Swaminathan Foundation on calculating MSP be implemented.
There were 52 launches during January-June 2015, compared with 29 in the year-ago period and 32 in 2013.
According to the Indian Council of Agricultural Research Director General Trilochan Mohapatra, the insects have attacked about 40,000 hectares of land.
Climate change can impact the amount and quality of livestock produce,says a report released by inter-governmental panel.
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
RBI had previously cut repo rate by 0.25% each in January and March.
