Any legal measure to curb human desire is doomed to fail. Leave it to economics. Demand will fade one day like for any other unaffordable product.
If oil prices continue to climb and the gold consumption keeps rising as investors see it as a protection against rising prices.
The Reserve Bank of India, though reassured about the fiscal consolidation road map prepared by the finance minister, is sceptical about the prospects of achieving the target.
Fiscal roadmap reassuring but need to consider other variables for rate cut: D Subbarao, Governor, RBI
A resolute RBI governor who stood his ground on interest rates and inflation control tells ET why he didn’t do what many expected him to do.
RBI Q2 monetary policy review: Subbarao's accountability is to people of India, not just his masters
It is clear that economic growth rate is coming down, but that is not just because of interest rates. The argument that investment is not happening due to high cost of funds is a flawed one.
The possibility of S&P's downgrading India's investment grade status will also weigh on foreign institutional investors' response.
Investors have bought finance minister P Chidambaram and his colleagues' promise that they are serious about putting the fiscal house in order. It is doubtful whether analysts at rating companies will buy it as easily as equity investors.
HDFC Bank posted the customary 30% net profit growth for the 2nd quarter led by corporate loans and lower provisioning for bad loans.
Schools and colleges do not train to face hostile situations in real life, but the belief that money can get done anything has oftentimes helped in those conditions.
Recent policy measures from the government are well-timed, but a lot more needs to be done for the decisions to have a real impact on the ground, says ICICI Bank chief.
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