Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
The RBI expects CPI inflation to fall from 5.8% in Jan '16 to 4.8% in Jan-Mar '17.
The Reserve Bank of India will soon initiate discussions with Indian banking entities to introduce Basel-II accord, prudential norms including risk management and capital adequacy guidelines, for smooth transition to the new regulatory framework.
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
Bayern Munich and Barcelona registered easy wins, while Manchester United came from behind to beat CSKA Moscow 2-1 and Chelsea surrendered the top spot after a 1-1 at home against Atletico Madrid.
Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
Former European champions Ajax Amsterdam and Celtic, who both suffered the indignity of being knocked of the Champions League qualifiers by underdogs this season, will meet in the Europa Leagueafter being drawn together in the group stage on Friday.
Sofiane Feghouli's late goal eased the nerves at Valencia's Mestalla as the Spanish club grabbed a 3-1 victory over Monaco in the first leg of their Champions league play-off round tie on Wednesday.
Top seed Kidambi Srikanth stormed into the semi-finals of the US $120,000 Swiss Grand Prix Gold badminton championship after a straight games victory over Takuma Ueda of Japan in the men's singles quarter-finals in Basel on Friday. The Indian beat the eighth seed 21-11, 21-12 in 31 minutes.
The British ace was beaten by defending champion David Nalbandian in the quarter-finals of the Swiss Indoors.
A summary of Wednesday's matches in the UEFA Champions League.
Images from Champion League matches played across Europe on Tuesday.
The Indian banks are not prepared to implement the stringent Basel-II norms including that of capital adequacy and non-performing assets in toto by 2006, according to the Federation of Indian Chambers of Commerce and Industry survey.
Manchester United were given a troublesome tie against Club Bruges in the draw for the Champions League playoff round on Friday, although it could have been worse as they avoided Lazio, CSKA Moscow or Monaco.
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan on Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
Ajax Amsterdam, returning to the stadium where they last won the Champions League 20 years ago, squandered a two-goal lead to draw 2-2 against 10-man Rapid Vienna on Wednesday.
Indian companies are in a precarious financial position.
A summary of Wednesday's group matches in the UEFA Champions League.
Liverpool romed into the Europa League final with a 3-0 win over Villarreal on another magical night at Anfield to tee up a showpiece clash with holders Sevilla who swatted away visitors Shakhtar Donetsk 3-1 on Thursday.
'Space out when raising funds; Sebi mulls securitisation platform'
Thomas Meunier volleyed a spectacular last-minute goal to give Paris St Germain a 2-1 win at FC Basel, which took them into the last 16 of the Champions League on Tuesday.
Barcelona must to wait to confirm a place in the Champions League last 16 after dropping points for the first time in Group D in an absorbing 0-0 draw at Olympiakos Piraeus on Tuesday.
Arun Jaitley had promised to provide more than the budgeted amount.
The Millennium Stadium in Cardiff will host the 2017 Champions League final, UEFA general secretary Gianni Infantino said on Tuesday. The Friends Arena in Stockholm will be the venue for the 2017 Europa League final.
These photos prove we live in a bizarre world.
A long season took its toll on Roger Federer on Thursday as the Swiss was knocked out of the Paris Masters following a 7-6(3) 3-6 7-6(5) third-round defeat by big serving John Isner.
Switzerland's favourite sporting son Roger Federer expressed his disappointment over the corruption scandal engulfing soccer's world governing body FIFA on Friday.
An impudent individual goal from Philippe Coutinho steered Liverpool comfortably into the quarter-finals of the Europa League on Thursday after a 1-1 draw at bitter rivals Manchester United completed a 3-1 aggregate win.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
Liverpool handed their fiercest rivals a painful lesson on Thursday with a dominant 2-0 win over Manchester United in the first leg of a Europa League last-16 clash.
A summary of Wednesday's matches in the UEFA Champions League.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government.
Afghanistan President Ashraf Ghani has delayed his visit to India by a few hours.
Rajan said banks have typically become used to reasonably slow moving base rate which gives them time to adjust the deposit cost before they adjust lending.
Manchester United's hopes of salvaging their season in the Europa League suffered a stinging setback when they lost 2-1 at Danish side Midtjylland in the first leg of their last-32 clash on Thursday.
Sweden has the world's highest negative rate.
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