Noting that the rupee had witnessed a massive devaluation in 2013, Panagariya said that a "much bigger shock" was administered in November last year both due to demonetisation and "more importantly" due to the events in the US which led to capital leaving virtually all emerging markets.
Speaking to CNBC-TV18 Gagan Banga, Vice Chairman & Managing Director at Indiabulls Housing Finance said that new business home loans are down by just 1 percent in terms of enquiries.
Speaking to CNBC-TV18 Keki Mistry, Vice Chairman & CEO, HDFC said that most property transactions that will take place today are ones which are cheque payments.
Its total income from operation during the period under review was up 3.61 percent to Rs 606.51 crore as against Rs 585.35 crore of the corresponding quarter last fiscal.
Chennai floods had a negative impact on Take. The company lost USD 160,000 in revenues in the third quarter of FY16 due to this, says HR Srinavasan, Vice Chairman and Managing Director of Take.
In a step aimed at promoting co-operative federalism, the government's policy think-tank, NITI Aayog, has organised a day-long national conference of states/UTs to share notable practices in the social sector service delivery mechanism.
The Chinese economy has slowed steadily since 2010. On Tuesday, it posted 6.9 percent growth for 2015, in line with economists' estimates in a Reuters poll. Growth is seen by the International Monetary Fund at 6.3 percent in 2016 and 6 percent in 2017.
The industry players also called for a comprehensive view of various factors causing pollution to deal with the problem.
He will take over from A Krishna Kumar, who moved to a new role effective from September 1 as Head of the Emerging Businesses Group for Philips globally and is based in Netherlands.
All India Congress Committee (AICC) President Smt. Sonia Gandhi has appointed Mumbai’s Gujarati Leader Manish Rameshchandra Shah as Vice ...
The global telecommunications and payments technology firms and their network of partners will realise this vision by taking a non-linear implementation approach, the two companies said in a joint statement.
Panagariya says the economy can still grow 8 percent this fiscal despite a sluggish start in the first quarter
On the other hand, silver declined owing to lack demand from industrial users. Standard gold (99.5 purity) firmed up by Rs 70 to end at Rs 26,395 per 10 grams from Friday's closing level of Rs 26,325.
Spot gold had eased 0.1 percent to USD 1,132.30 an ounce by 0318 GMT, after dropping 0.5 percent on Wednesday. US gold slipped about USD 1 to USD 1,132.40.
Sustained losses in Asian equities could switch some funds to gold after data showed US factory activity hit a more than two-year low in August, coming on the heels of a survey showing China's manufacturing sector shrank at its fastest pace in three years last month.
Fed Vice Chairman Stanley Fischer said on Saturday that US inflation will likely rebound as pressure from the dollar fades, allowing the US central bank to raise interest rates gradually.
All three major indexes slipped more than 1 percent on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the door open for a rate hike in September.
Silver rallied further on the back of heavy offtake by industrial units and speculative traders. Standard gold (99.5 purity) jumped by Rs 235 to finish at Rs 26,505 per 10 grams from Friday's closing level of Rs 26,270.
Spot gold was flat at USD 1,132.98 an ounce at 0934 GMT, while US gold futures for December delivery were down 90 cents an ounce at USD 1,133.10. The metal fell 2.3 percent last week as a sell-off in Chinese equities rattled wider markets.
In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be.
RBI, since January 2015, has lowered key policy rate by a total of 0.75 percentage point in three tranches and may reduce it further depending on macro-economic data and monsoon. The next policy review is due on September 29.
In 2013-14, the Planning Commission had undertaken a major exercise that led to the creation of India Energy Security Scenarios (IESS) 2047, with an eye on assessing and predicting India's energy needs, domestic supplies and imports. IESS 2047 was launched in February last year.
The government, in turn, has taken a host of initiatives to amend labour laws, but all have run into stiff opposition from trade unions.
Zuckerberg is joined on the list by fellow Facebook co-founders Dustin Moskovitz, who claimed the second place on the list with an estimated net worth of USD 9.3 billion and Eduardo Saverin who was ranked fourth with an estimated net of USD 5.3 billion. The top-20 list features only six women.
Besides Gupta, the court granted bail to two senior public servants, K S Kropha and K C Samria, Brahmani Thermal Power Pvt Ltd (BTPPL) chairman, P Trivikrama Prasad and its vice chairman Y Harish Chandra Prasad