Monsoon, the lifline of Indian agriculture, has revived in last one month but Karnataka, Maharashtra, Gujarat and Rajasthan continue to face deficit rain.
CAG has said the government suffered a presumptive loss of Rs 1.86 lakh crore (Rs 1.86 trillion) in coal block allocations during 2004-2008, when Prime Minister Manmohan Singh held the coal portfolio.
The downgrade threat comes in the backdrop of growth slowing to a nine-year low of 5.3% in the fourth quarter of 2011-12, high inflation
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
The fall in international oil prices had resulted in six consecutive reduction in petrol prices since August and two in diesel in the last one month and there was possibility of another round of cuts this weekend.
Potential growth in India is 8 to 8.5 per cent, says Kalpana Kochhar, World Bank's Chief Economist for South Asia.
Two consecutive days of grid collapse has left almost half of India's population without power. Three major grids -- northern, north-eastern and eastern -- have crashed. Reportedly, over 20 states have been affected. Trains have stalled, markets have closed down, and institutions and offices have been forced to announce holidays.
Two consecutive days of grid collapse has left almost half of India's population without power. Three major grids -- northern, north-eastern and eastern -- have crashed. Reportedly, over 20 states have been affected. Trains have stalled, markets have closed down, and institutions and offices have been forced to announce holidays.
Two consecutive days of grid collapse has left almost half of India's population without power. Three major grids -- northern, north-eastern and eastern -- have crashed. Reportedly, over 20 states have been affected. Trains have stalled, markets have closed down, and institutions and offices have been forced to announce holidays.
The finance ministry and RBI must get less conservative and improve co-ordination.
In view of high inflation and deficient monsoon rainfall, the Reserve Bank may find it difficult to cut the key lending rate to boost the economy as is being demanded by the industry.
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Even a doomsayer like Nouriel Roubini says India is in a sweet spot. If only we'd live up to the promise, says Shekhar Gupta.
RBI has taken a balanced approach in the credit policy considering various developments across the globe and their near term impact.
According to a new report published by Switzerland-based BIS, which is also referred as 'bank for central banks', the US Federal Reserve's announcement of a possible phasing out of easy money regime has resulted in 'abrupt and sizeable' equity market losses in both advanced and emerging markets.
The companies' underrecoveries stood at a whopping Rs 1,39,869 crore last financial year. Of that, Rs 62,837 crore was accounted for by diesel alone.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
The steep hike in petrol prices evoked mixed reactions with a section of industry saying the move would further burden the comman man even as policy makers and experts felt the increase would benefit the economy in the long run.
'We have the more difficult reforms to do such as the reduction of subsidy, the insurance and pension sector reform, eliminating bureaucratic red tape and implementing Goods and Services Tax'
Dravida Munnetra Kazhagam President M Karunanidhi on Sunday flayed the Jayalalithaa government in Tamil Nadu for its advertising campaign listing its "achievements" on completing one year in office, saying it had spent a "huge amount" of people's money.
Amid rupee's free fall and slowdown in western markets, the government is likely to announce incentives in the foreign trade policy (FTP), scheduled for June 5, to boost exports.
Gold has pushed lower as a result of Chinese selling.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
The farming community expects much more substance from the government, Ajay Vir Jakhar.
The markets tanked 209 points after Finance Minister Pranab Mukherjee tabled the Union Budget in Parliament on Friday. Economic Affairs Secretary R Gopalan defends the measures, saying the markets will need time to comprehend the measures.
To ease liquidity situation, the Reserve Bank today slashed CRR -- the portion of deposits banks are required to keep with the central bank -- by 0.75 percentage points, a step that will infuse Rs 48,000 crore (Rs 480 billion) into the economy.
Emerging markets could be affected by a combination of lower liquidity and higher dollar interest rates caused by a hike in the US Fed funds rate.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
India's record current account deficit has been a key reason behind why Standard & Poor's and Fitch Ratings cut their outlooks on the country's sovereign rating to 'negative' last year.
All these measures will revitalise the manufacturing sector, which has been in doldrums.
Fifty per cent of bank restructured assets were in infrastructure, steel, power and telecom sectors.
The Reserve Bank of India on Tuesday said inflation, which is showing signs of moderation, remains a concern in view of volatile crude prices in international markets and widening fiscal deficit.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
The biggest disappointment was the compromise on the promised corporate tax reduction path.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
'A bit of marketing, a bit of positioning, and a lot of strategic thinking is required, and all this should be in aid of India's strategic intent: Becoming the third pole in a global G3 and aiming for Numero Uno,' says Rajeev Srinivasan.
The majority view remains for the central bank to leave the cash reserve ratio unchanged at 4 per cent.
The call for rate cut comes ahead of the annual monetary policy announcement scheduled for Friday, wherein it is widely expected that the apex bank will cut lending rates by 0.25 per cent as inflationary pressures have eased much more than its projected levels.
Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity
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