Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
Anti-corruption crusader Anna Hazare said on Friday he will start a 'satyagraha' in New Delhi on the first day of winter session, for the passage of Jan Lokpal Bill in Parliament.
'Nothing differentiated us, neither religion nor money.' 'We were all in a crisis together and we survived together.' 'We plan to assemble on the bridge every year on the same day, to thank for giving us a second life.'
RBI has brought down forecasts of both year-end inflation and growth.
High drama was witnessed in Lok Sabha on Thursday as an exasperated government brought a motion to suspend 11 members from Andhra Pradesh, including seven from Congress, for protesting over Telangana issue, but an aggressive opposition scuttled the move.
RBI will be cautious easing rates further given oil price uncertainties
After two surprising, successive rate cuts in January and February 2015, RBI governor Raghuram Rajan decided not to reduce them further in his first policy announcement in the new financial year. Is he playing spoilsport for consumers of homes and cars?
Two years ago, India was touted as a rare bright spot in a gloomy global economy with GDP growth outpacing a slowing China.
The RBI expects inflation in 2015 to hover around 6 per cent -- its target for January 2016 -- and sees risks to the target evenly balanced.
Canada was behind India at the fifth place with 65 per cent economically confident citizens.
Union Agriculture Minister and Nationalist Congress Party chief Sharad Pawar, in an exclusive interview to CNN-IBN reiterated that he is not going to contest the next Lok Sabha elections.
'The rivers that caused the maximum problem were the ones that had dams built on them.'
The government of India had budgeted to bring down fiscal deficit to 4.8 per cent of GDP in the current financial year, from 4.9 per cent in 2012-13.
On the reduction in the SLR ratio, he said it was a signal from the point of view of long-term reforms.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
Even if the formation of a new state is announced, it is unlikely that the bill on it will be tabled in the monsoon session of Parliament, reports Vicky Nanjappa
The minister clarified that she had not favoured the former IPL chief and all such allegations were 'baseless'.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
The cost of food has constantly been on the rise.
Hitesh Harisinghani tells us how to give an interesting spin to the regular bottle gourd.
Sesnsex ended the day flat on heavy selling pressure.
'It is a national shame that the only country that enacted a food security act is now better known as the land of farmer suicides. Indian farming can change only if national irrigation policy is implemented in totality,' Dr M S Swaminathan tells Shobha Warrier/Rediff.com
Row also provides an opportunity for key competitor ITC (Yippee noodles) to step up market share in the prepared dishes segment
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government, if he is seen as overstepping.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
Improve speed of delivery, introduce smaller packs, create greater value
The life of a chef in the kitchen, as late Anthony Bourdain saw it, had a glory to it. The kitchen gently moves forward in the culinary world, tightly packed, yes, but with leaders un-despotic.
The central bank has lowered its policy rate twice so far in 2015.
Most say a rate cut could come in RBI's June policy.
Kerala has seen one of the worst floods in its history during this monsoon. From August 8 to 20, nearly 223 people have lost their lives, 33 are missing and around 1.2 million individuals from 3,02,441 families are in 3,941 relief camps. Initial losses are estimated to be around Rs 200 billion (Rs 20,000 crore). With the rescue measures in its last leg, the Kerala government is looking at raising funds to rebuild the state. In an interaction with Gireesh Babu and T E Narasimhan, Kerala Finance Minister T M Thomas Isaac says he has a three-pronged strategy to raise funds. Edited Excerpts.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
The girl lending the helping hand won her hearts and accolades, with Hero Cyles taking special note.
Pakistan's army on Thursday used helicopters and boats to rescue thousands of stranded people as the country grapples with the deadliest floods in its history that have killed over 260 people and affected over a million others in Punjab and PoK.
It was an unprecedented challenge that required meticulous planning, innovative solutions and quick action.
According to the global financial services major, the Consumer Price Index based inflation is peaking off and is expected to be around 7.5-8 per cent in September.
Chief Minister Pinarayi Vijayan, who undertook an aerial survey of rain ravaged areas of Idukki and Wayanad, said Kerala was in the midst of an unprecedented flood havoc and the calamity has caused "immeasurable misery and devastation."
'Mumbai stands tall yet again.' Bollywood raves about the city's resilience.
But it is likely that campaign spending resulted in some positive activity through this period.
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