While the impact on other currencies has been sharp with most of them depreciating, the rupee has done well, being somewhere in the middle
The rate hike was expected in June, but clearly the central bank sees inflation path as being quite ominous to trigger such an action.
The future of deposits will be an issue for banks. This year, quite ironically, banks have been happy with deposits not growing, as there were few avenues to lend, anyway
Given the series of policy announcements made by Finance Minister Nirmala Sitharaman in the last 9 months it is reasonable not to expect more this time
The new government has to work towards reviving manufacturing as it is the sector which creates jobs.
The farm sector may hold the clue for the delta in GDP growth, both in terms of providing output as well as consumption expenditure
The positive surprise has been the high growth in agriculture of 4.5%
The government once again is to take the lead with 10.1% growth
The way forward is positive -- there are signs volume of currency in the system is picking up
With post office deposits and Jan Dhan already in place, is there really place for yet another institution for banking inclusion?
Instead of slipping into denial over our poor score, let's look at what we can do better
The government has taken several steps to revive investment, through better clearances and removal of administrative roadblocks
States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer
The idea is good in theory but a raft of regulatory and logistic issues need to be solved before the postal department can become a bank
The gross domestic product (GDP) growth number for FY14, though higher than that in FY13, brings in a modicum of discomfort when the internals are looked at. The low base for FY13 provided the impetus but the good part of the story ends here. There ...