Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Contrary to the assertion of the Telecom Regulatory Authority of India that the reduction in access deficit charge on incoming international calls would put a check on the grey market, Cellular Operators Association of India on Monday said it would m
The rates, on net calorific value (NCV) basis, dropped to $ 5.05 per mmBtu for six month period beginning April 1, 2015.
Earlier, the RBI cut its policy interest rate to 6.75 per cent.
The Union Budget for 2004-05, which is being viewed as a "litmus test" for the Congress-led government, may unveil the roadmap for wiping out revenue deficit well in advance by 2007 and a subsequent reduction in fiscal deficit to manageable limits.
Never before in post-reforms India have Union Budgets seen a steady reduction in fiscal deficit for five consecutive years, points out A K Bhattacharya.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
She said 30 basis points (0.30 per cent) rate cut has already happened.
In the context of RBI's view that the real interest rate, defined as the repo rate less "look forward" CPI, should be around 150-200 basis points.
The Association of Basic Telecom Operators has asked the telecom regulator to make access deficit charge available to all private basic operators for sustainability of fixed line business.
It will be put up in the public domain.
The trade deficit with China continues to soar at a blistering pace even as India is looking at aggressively increasing and strategising the reach of its products into the Chinese markets.
'During the transition process, we have some control over the withdrawals.' 'In terms of your wealth, the money in your deposit account is where it is.'
RBI also retained its GDP growth forecast at 7.6 per cent
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
Growth in India is expected to remain strong and stable in 2015
RBI's latest rate cut is positive for the economy.
Business houses expect rate cut in next RBI policy.
The repo rate could be reduced by 50 bps in the current year.
Coal India would open 60 new mines soon, the minister said.
Former Finance Minister Manmohan Singh has warned that the 'status quo please-all' Budget would not boost economic growth beyond 5-5.5 per cent as it has failed to address the unsustainable fiscal deficit pegged at 5.6 per cent for 2003-04.
India will find it tough to meet its fiscal deficit target for the new year starting in April, given its plans to cut taxes and step up spending on infrastructure, Moody's Investors Service said.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
Rising rural distress due to back-to-back droughts have put pressure on FM to spend more on social schemes; no change in tax slabs likely
The World Bank has warned India that its growth prospects are weakened by high fiscal deficits and slow reforms, and the country needs to accelerate poverty reduction efforts.
RBI unsure whether to cut rates or not in its next monetary policy.
'If we play our cards right, we may even benefit from the competition between the US and China as seen from increased investment from each of these countries into India.' 'The size of our market gives us an important lever of power which we shall have to play adroitly and intelligently,' points out Ambassador Gautam Bambawale -- who served as India's envoy to China -- in the Professor V M Dandekar Memorial Lecture 2019, delivered on March 8, 2019 in Pune.
The Budget has to provide for capex on roads, railways, defence and other infrastructure sectors.
Changes in threshold not to have a significant revenue impact, say officials
However, the finance ministry is hopeful of keeping its fiscal deficit under control.
Gold import this financial year is estimated at 945 tonnes.
This is the second hike in excise duty in less than two weeks as the government looks to make use of the slump in oil prices to shore up resources.
A fall in the rupee could boost exports. But the flip side of the equation is that a weaker rupee could stoke some inflation
The central bank may need to further ease the rates by 50-75 bps.
Govt proposes to introduce redeemable gold bonds.
Denmark topped the list of the 144 nations.
The 30-share Sensex ended up 170 points at 20,634 and the 50-share Nifty ended up 54 points at 6,127.
Faced with revenue shortfall, Railway Minister Mallikarjun Kharge is likely to refrain from announcing many populist measures in the interim budget on February 12.
If you are one among the millions of existing borrowers who are paying a higher interest rate compared to new borrowers of the same bank, make your shift now, before prepayment charges make it more expensive.
Both the government and RBI have to complement each other if the economy has to revive quickly.
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