The big numbers ahead of Budget 2019.
The aggregate budget deficit of Indian states is estimated to increase to 3.2 percent of gross domestic product in the next financial year beginning April, compared with 2.8 percent estimated for the current year, Devendra Pant, chief economist of India Ratings and Research, said.
With headline inflation expected to remain benign in the second half of the current fiscal, a report Monday said the RBI)is likely to keep repo rate or the rate at which it lends to the banks, unchanged in the rest of the fiscal.
Dollar built on last week’s gains and rose toward a 16-month high as traders expect the U.S. Federal Reserve to keep tightening monetary policy, but sterling remained under heavy pressure amid uncertainty over a Brexit deal.
The government said it is not seeking Rs 3.6 lakh crore capital from the Reserve Bank but is only in discussion for fixing appropriate economic capital framework of the central bank.
The Congress accused the Narendra Modi government of playing with India's economic sovereignty by trying to demolish the Reserve Bank of India (RBI) and seeking transfer of Rs 3.6 lakh crore or one-third of the central bank's reserves.
Japan is ready to extend Malaysia support to help overcome its financial problems if the need arises, Malaysian Prime Minister Mahathir Mohamad said.
Italian Deputy Prime Minister Luigi Di Maio said on Saturday the governing coalition programme must be respected after a top official raised doubts about a key pledge to introduce a minimum income for the poor.
State-run Coal India Limited (CIL) said it has supplied 272.88 million tonnes (mt) of coal to the power sector during the April- October period, up by 8.9 per cent, from 250.68 mt in the year-ago period.
Apple announced a 20 per cent increase in quarterly sales revenue, which hit $62.9 billion, media reported.