Hailing India for keeping "neutral stand" over the South China Sea issue despite pressure from the US and Japan, state-run Chinese media on Wednesday said there are some contradictions and frictions between the two nations but the overall bilateral relations have been developing smoothly.
Governor Raghuram Rajan lowered the benchmark repurchase rate to 7.75 per cent from 8 per cent, the first reduction since May 2013.
Perhaps for the first time, petrol in India costs more than the superior jet fuel (ATF) used in aeroplanes, as the government has levied a record excise duty on the fuel used in two-wheelers and cars.
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
The excise duty on unbranded petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre.
'Xi Jinping is keen that the second Trump-Kim summit happens soonest.' 'Kim is reported to have told Xi that he expects to achieve a result from a second summit that the international community would welcome,' points out Dr Rajaram Panda.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
India must announce liberal policies to attract foreign investors.
After making a larger-than-expected cut of 50 basis points on September 29, Rajan urged the federal government to do its bit to accelerate growth through structural reforms.
Any revision in gold import duty is unlikely to take place before the Budget, says finance ministry official.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.
The move is aimed at cutting the fiscal deficit, which the government wants to contain at 4.1 per cent of GDP.
The decision to deregulate the diesel prices is expected to bring the oil subsidy down Rs 15,000 crore (Rs 150 billion), the agency said, adding the ongoing correction in global crude prices will also result in sizable gains for the government.
A glance back at some important events that occurred in 2018.
The time has come to seize the opportunity and convince investors that UPA means business, says Akash Prakash.
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
Since the publication of Yashwant Sinha's memoirs of his days as finance minister, a debate is raging over whether due credit is given to the man who presented five Budgets in a row under two governments led by Atal Bihari Vajpayee.
Lower fuel subsidy payouts might restrict gross fiscal deficit in FY15.
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
'It has a natural inclination to foster as much competition among civilian politicians as possible.'
The senior Congress leader was in New Delhi to campaign in Maharashtra Assembly polls.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
With crude and commodity prices ebbing and the twin deficits under check, the Reserve Bank should have cut the key policy rate to push investments and boost economic growth, India Inc said.
If economic growth does not accelerate soon, lower profits and the expectations that accompany them will further deter private investment.
It makes sense to wait for govt schemes such as gold bonds.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
International Monetary Fund on Friday warned the Centre of high fiscal deficit that could come in the way of sustaining high growth in the economy, which clocked 8.4 per cent rise in the second quarter of 2003-04.
The budget has strong growth impulses and response of the economy is positive.
The government and the Reserve Bank had also imposed certain other restrictions on its shipments, including linking of imports to exports to prevent outgo of the foreign exchange.
Exports increased by 10.6 per cent in the first quarter of 2014-15 to $81.7 billion. Imports moderated by 6.5 per cent to $116.4 billion. The CAD, which is the difference between the inflow and outflow of foreign currency, had touched a record high of $ 87.8 billion (4.8 per cent) in 2012-13 fiscal mainly on account of steep increase in gold imports.
Narendra Modi has earned a ranking of eight out of 10 in an India Inc survey.
Shilpa Shetty's younger sister sizzles on Maxim!
The crushing of this tiny entity by demanding creditors should be a lesson for all countries, warns T N Ninan.
Government and Reserve Bank to take steps to arrest the fall of the currency.
Jaitley's fiscal arithmetic, Crisil said, is "shaky", and the scope for fiscal slippage "remains high".
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