The RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against a potential flare-up in inflation and an uncertain global economic environment.
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Speaking to CNBC-TV18, Sunil Sood, MD and CEO, Vodafone India said that the company is in the lookout to add more spectrum to its portfolio by spectrum trading, sharing or auctions.
Although Prime Minister Narendra Modi is implementing the expensive food welfare plan approved by his predecessor Manmohan Singh, his government is trying to rein in overall subsidies to focus on investment in manufacturing and infrastructure.
Speaking on the sidelines of the Economic Times Global Business Summit, Sinha said that a favourable rainy season could add between 0.5 and 1 percentage point to growth in Asia's third-largest economy.
On prices, it said the country's disinflationary process is likely to continue largely aided by political commitment, RBI policy, below-trend growth, and balance sheet repair. It expects CPI inflation in the fiscal year 2016-17 at around 4.6 percent.
All 45 economists surveyed expected the RBI to stand pat at its policy review on Tuesday, while the range of forecasts for gross domestic product growth for the latest quarter was between 6.9-7.6 percent, with the median at 7.3 percent. The GDP data is set to be released on Monday.
Pernod Ricard, owner of Absolut vodka and Jameson whisky, also plans to perk up growth in its top two markets, the United States and China, in the medium-term by launching new products and possibly by acquiring some brands.
"(The) Indian economy is expected to grow better than 7.3 percent - the level achieved last fiscal year - and at an even higher level next year," Jaitley told an investment forum in Dubai.
By not straying far from its current projections for next year, the BOJ can maintain that it is still broadly on course to meet its inflation goal of 2 percent next year without stepping up its massive asset purchase program, people with direct knowledge of the matter told Reuters.
Apollo's global push is aimed at reducing dependence on the domestic market, where passenger and commercial vehicle sales are recovering slowly after a slump and where it plans to invest USD 400 million over the next three to four years.
The global consultancy firm reported strong growth across all all lines of businesses and in all regions, even as business environment across the globe remained challenging.
The deficit was at 74.9 during the same period a year ago.
The government now forecasts that the economy would achieve real growth of around 8 percent in the 2015/16 fiscal year. The pace of growth slowed by more than expected to 7 percent in the quarter to June.
Arvind Subramanian's comments came days after economic growth slowed at a faster-than-expected pace to 7 percent in the quarter to June.
"Historically, credit growth has been accompanied by a pick-up in deleveraging as seen in 2005-07 and 2010-11. This is yet to happen, therefore, the lower growth rate," British financial services company said in a report today.
The first quarter gross refining margins (GRMs), deregulation and LPG direct benefit transfer scheme are all being seen as positives for the divestment and hence the timing is considered to be right.
Indian economy is likely to clock 8.1 percent growth in the current financial year, spurred by strong consumer spending amid low inflation, infrastructure projects and government's reform measures, says a UN report.
The government and the RBI have been at odds over several proposed changes to regulation, including the creation of an independent public debt management office and the specific composition of the planned monetary policy committee.
The survey prepared by the finance ministry's chief economic adviser Arvind Subramanian on the state of Asia's third-largest economy was released ahead of Saturday's federal budget announcement for 2015/16 fiscal year that begins on April 1.
The Market borrowing as per the revised estimate by these two companies during the current fiscal was pegged at Rs 12,045 crore from markets, according to the Railway Budget for 2015-16, which was tabled by Railway Minister Suresh Prabhu in Parliament on Thursday.
However, Railway Minister Suresh Prabhu said there would be no increase in passenger rail fares.
In a speech to parliament that outlined the annual railway budget, Prabhu did not lower or raise passenger fares, which are heavily subsidised.
India had earmarked a subsidy of Rs. 72970 crore for the current fiscal year ending March 31.
Its cumulative wholesale result for this fiscal year reached 794,017 vehicles, down 5 percent, it said in a statement.