KOLKATA: If the history of Indian banks is any guide on what they do when it comes to passing on the Reserve Bank of India's interest rate cuts to consumers, there is not much to celebrate. The reluctant interest rate cut by lenders, from State ... Economic Times, 2 weeks ago
Banks may not transmit full benefit of RBI's 50 bps rate cut - Economic Times, 2 weeks ago
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India's central bank left interest rates unchanged as commercial lenders in Asia's third-largest economy have yet to pass on two previous cuts to customers. Governor Raghuram Rajan kept the benchmark repurchase rate at 7.50 percent, the Reserve ...Bloomberg, 2 weeks ago
India's retail inflation unexpectedly slowed despite crop damage from unseasonal rains, boosting the possibility that central bank Governor Raghuram Rajan will cut rates outside the review cycle for a third time this year. Consumer prices rose ...Bloomberg, 2 weeks ago
(Updates with economist's comment in fifth paragraph.) Governor Raghuram Rajan kept the benchmark repurchase rate at 7.50 percent, the Reserve Bank of India said in a statement in Mumbai on Tuesday, a move predicted by 33 of 42 economists in a ...La Repubblica, 2 weeks ago
Promises are meant to be broken, especially in politics. In the budget speech he made in July 2014, the finance minister Arun Jaitley had said: My Road map for fiscal consolidation is a fiscal deficit of 3.6 percent for 2015-16 and 3 percent for ...Firstpost.com, 1 month ago
(Updates with analyst comment in 18th paragraph. For more on India's budget, see FIFW INEL .) The shortfall will narrow to 3.9 percent of gross domestic product in the year starting April 1, the smallest gap since 2008 but higher than a previous ...La Repubblica, 1 month ago [video] Modi's Pro-Growth Budget Keeps India's Subsidies Untouched Yahoo! Finance, 1 month ago Narendra Modi's pro-growth budget keeps subsidies untouched Livemint.com, 1 month ago Modi's Pro-Growth Budget Leaves India Subsidies Alone Washington Post, 1 month ago
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(Updates with sales-tax timeline omitted, in 10th paragraph. For more on India's budget, see FIFW INEL .) On Saturday, several weeks after his party got crushed in a local Delhi election, Modi chose a more incremental route with a wider deficit ...La Repubblica, 1 month ago [video] Modi Seen Missing Chance to Fix India's Finances While Oil Slides Yahoo! Finance, 1 month ago [video] Modi May Be Missing Chance to Fix India's Finances While Oil Slides Yahoo! Finance, 1 month ago Modi seen missing chance to fix India's finances as oil slides Livemint.com, 1 month ago
Prime Minister Narendra Modi. Photo: Indranil Bhoumik/Mint The next three days will shape the short-term future of the stock market, have a bearing on investor and consumer confidence, and provide another opportunity for just about anyone to make ...Livemint.com, 2 months ago India Readies Budget as Investors Seek Proof Modinomics Is Real Washington Post, 2 months ago Modi sarkar readies budget as investors seek proof of Modinomics MSN Canada, 2 months ago
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When it comes to ideas to revive an economy which is not doing well, economists are essentially two trick ponies. They will first suggest that the central bank should cut interest rates. At lower interest rates people will borrow and spend more, ...Firstpost.com, 2 months ago Here's why the govt should not forget about fiscal deficit Firstpost.com, 2 months ago
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