Amid demand for a further rate cut by Corporate India the Reserve Bank of India chose to keep the policy rates unchanged in its fourth bi-monthly monetary policy review early this month. The repo rate, the rate at which the RBI gives loans to commercial banks, was kept at 6% while the reverse repo r...
There is bad news for Indian Finance Minister, Arun Jaitley. The impact of the Goods and Services Tax (GST) on prices has been counted adversely for the second month running and has increased the uneasiness of the Finance Minister who had promised the country that the GST would have no or marginal a...
If the fall in GDP growth in the last quarter of 2016-17 was an indication that the country was moving towards a low growth trajectory, an even slower growth during April-June 2017 must have confirmed this fear. India’s economic growth has slipped to a three-year low of 5.7% in the first quarter o...
New Delhi is happy that India’s external debt has declined. Aggregate external debt declined 2.7% to $ 471.9 billion at the end of last fiscal against $ 485 billion as on March 31, 2016. The decline was primarily caused by a fall in NRI deposits and that of external commercial borrowings (ECB). NR...
The stock market prices are rising to record levels. Reports show that at 32,000, the Sensex traded at 18.5 times the estimated one-year forward earnings. A comparison with the prices of stocks with those of emerging markets as a whole shows India has become relatively less attarctive now for the in...
India’s steel production has crossed the 100 million-mark in 2016-17. Leaving behind the woes of falling demand, indifferent prices and mounting debt liabilities of the steel companies, the steel production has increased by a record 10.7% to 100.74 million tonnes last year.The good performance by ...
The recent revision to the base year for the index of industrial production (IIP) reflects the recovery of the industrial sector of India. Earlier, the base year was 2004-05. The present base year has been revised to 2011-12. What is IIP? The IIP indicator measures the short-term changes in the volu...
“It’s not Trump, it is technology. Humans are being replaced by intelligent machines faster. New systems and software are creating havoc”- is how IT experts are looking at the changing scenario of India’s software industry.The question is: is the software industry becoming the victim of its ...
At a time when China, the world’s fastest growing economy till recently, has opted for the lowest economic growth target in over 25 years, pegging it at 6.5% in 2017-18, India’s GDP has grown at a healthy 7% in the fiscal third quarter belying grim forecasts inspired by the impact of demonetisat...
“It is health that is the real wealth and not pieces of gold and silver”, was how the father of the nation, Mahatma Gandhi described the importance of health in the country’s development goals. Gandhiji had made this observation at a time when independent India was formulating its development ...
