The cut in GDP projection for FY20 is curious because it is also an admission that these 135 bps cuts in interest rates will not have a major impact on growth this year
GDP growth in Q2 may dip below 5%; full-year forecast of 6% gets riskier, it says
Mukesh Ambani tops the list of high net worth individuals. Most of the wealth is inherited
Slashing the government's take from corporate profits to 25.2 per cent from 34.9 per cent has given a boost to stock-market sentiment
Days after the new Modi government was sworn-in, the benchmark indices climbed to all-time highs
The first-quarter GDP data showed the economy losing steam
Lag in official data results in delayed response
PMI survey says competitive pressures and challenging market conditions restricting growth.
Besides recent corporate slippages, slowdown would impact unsecured retail loans, farm and micro finance loans, commercial real estate and NBFCs and poorly-rated corporates with risk of downgrades
In retrospect, the government's move to get more RBI funds for itself has paid it no dividend
Nominal growth at sub-8%, lowest in 17 years
A persisting liquidity crisis in the MSME added to the manufacturing sector's woes
NHAI's debt has increased seven-fold in the past five years
The visiting ADB president supported the RBI's approval to the fund transfer and said the country should come up with more such ideas to support growth
The central bank is coming to its rescue, and without running any immediate risk of exposure to its own credibility
Economic momentum has stalled for the past year, and there are few signs the situation will improve any time soon
The forecasts all badly lag the government's longer-term target of getting the economy humming at rates above 8%
Further rate cuts are contingent on the non-banking financial company sector recovery prospect
Resources for other UTs are allotted from the central government's coffers
The Modi regime wants a bigger role for the government but it does not have the comfort of having enough financial resources