However, RBI governor D Subbarao and C Rangarajan, chairman of the Prime Minister's Economic Advisory Council ( PMEAC) is optimistic that the country‘s economy will be back on track soon.
At the recently held Indira Gandhi Institute of Development Research (IGIDR) annual conference, RBI governor D Subbarao held an engaging discussion with former RBI governors namely C Rangarajan, Chairman, PMEAC, Bimal Jalan and YV Reddy.
The Comptroller Auditor General (CAG) was a constitutional body which cannot be overlooked, Union Minister Jairam Ramesh said here today.
Retail inflation for industrial workers climbed to 9.6 per cent in October on account higher prices of wheat and rice, from 9.39 per cent in the same month last year.
Mohan Shenoi, head-treasury, Kotak Mahindra Bank explains to CNBC-TV18 that the hike in hte FII cap may result in increased inflows only in January
The government has extended the deadline for filling of the the know your customer (KYC) forms by LPG consumers till December 31.
Driven by coal and petroleum refinery, eight core sector industries registered eight-month high growth of 6.5 per cent in October, a trend that is in contrast to fall in country's overall economic growth in July-September period.
After dipping for two weeks, the country's foreign exchange kitty rose by USD 1.45 billion to USD 294.98 billion for the week ending November 23 amid increase in foreign currency assets, RBI said today.
Fiscal deficit in the first seven months of 2012-13 stood at 71.6 per cent of the Budget Estimates (BE), slightly better than 74.4 per cent in the same period a year ago, according to Controller General of Accounts (CGA) data released today.
The Reserve Bank of India is unlikely to cut the repo rate before the end of January, British brokerage Barclays Capital forecast on Friday.
MD Mallya, outgoing CMD, Bank Of Baroda explains on CNBC-TV18 that there will be some more pain before the economy posts a comeback. He therefore advocates the need for optimism and patience for improvement and recovery in the overall situation.
Terming the second quarter economic growth rate of 5.3 per cent as "below expectations", Finance Minister P Chidambaram said it was mainly due to scanty rainfall and poor showing by the manufacturing sector.
BlackRock is aiming to go overweight on India, its top fund manager in Asia said on a day the country's economic growth headed for a decade low.
India's fiscal deficit during the April-October period rose to Rs 3,68,000 crore, or 71.6 percent of the budgeted full fiscal year 2012-13 target, government data showed on Friday.
The July-September GDP performance has slowed down to 5.3 percent from 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal. Samiran Chakrabarty, Standard Chartered Bank, spoke to CNBC-TV18 about the RBI act post GDP numbers and why he is hesitant to expect 7 percent growth in FY14.
The July-September GDP performance has slowed down to 5.3 percent from 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal. Sanjay Mathur, RBS spoke to CNBC-TV18 about his GDP expectation for the next fiscal and why he thinks 5.3 percent is the bottom of the cycle.
C Rangarajan, chairman, PMEAC, says that the GDP numbers would pick up in the second half. He expects GDP to hover around 5.5-6 percent in FY13.
In an interview to CNBC-TV18, Sonal Varma of Nomura Financial Advisory & Securities says the numbers are along expected lines.
India's economy grew at a lower-than-expected 5.3 percent in the quarter ending in September, against an analysts' forecast of 5.4 percent, government data showed on Friday.
Gross domestic product (GDP) has slowed down to 5.3 percent in the July- September versus 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal. It is is in-line with CNBC-TV18 poll.
In an interview to CNBC-TV18, Indranil Sengupta, Chief Economist India, BofA ML spoke about July-Sep quarter GDP numbers that are released today. Sengupta expects 5 percent from the GDP performance.
The July- September quarter gross domestic product (GDP) will be announced today. According to a CNBC- TV18 poll, the Q2 FY13 is likely to be at 5.3 percent versus 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal, reports CNBC-TV18's Latha Venkatesh.
India's economy probably expanded near its slowest pace in three years in the quarter to September, according to a Reuters poll, suggesting little signs of an early turnaround, despite reform steps taken by the government to lure back investors.
Sitting on huge reserves of foodgrains, the government today allowed additional exports of up to 25 lakh tonnes of wheat from its own stocks to clear the surplus in godowns and ease storage crunch.
The Prime Minister-appointed Rangarajan Committee is likely to present in the first week of December its report on changes in the present regime governing oil and gas exploration contracts as well as gas pricing.