San Francisco president points to price rises remaining ‘far too high’ but signals initial support for smaller rate increases
Indian housewives had long ago figured out the vagaries of the Indian agri-supply market – and come up with their own ways to combat both seasonal unavailability and seasonal price fluctuations
Speaking to CNBC-TV18 he said, there is no direct correlation between reduction in interest rate and growth in investments as such but rate cut could help enhance liquidity in the market place.
The domestic market has been trading range-bound over the past month. Suresh Mahadevan of UBS tells CNBC-TV18 that it is likely to continue this way until the fourth quarter.
A growth in Capotal goods by 12.9% in March compared with an 18.4% degrowth a month ago, helped buoy the recent IIP numbers. But MS Unnikrishnan, MD of Thermax told CNBC-TV18 that he does not see the same aggressiveness in growth of the sector, going forward.
March has been hard on the Indian consumers. Inflation for the month came in at a sharply higher 8.98 % surging past the expected 8.3-8.4 %. CNBC-TV18's Latha Venkatesh and Gopika Gopakumar find out why.
The Budget is development oriented with a range of growth promoting initiatives. It has highlighted some challenges in the Indian economy which need to be tackled urgently.