Community & General News
RBI may hold fire after 25 bps hike
19 October 2011 at 13:11The task before the Reserve Bank of India (RBI) as it prepares to unveil the second quarter review of monetary policy is tricky. Headline wholesale price inflation (WPI) continues to be sticky, close to double-digit levels in provisional terms. Al
RBI against letting MFIs collect small deposits
19 October 2011 at 13:11Indias central bank has objected to a government proposal to allow microlenders to collect small deposits from poor borrowers. The Reserve Bank of India (RBI) has said it is concerned about the safety of the money deposited with microlend
FM to Inaugurate Economic Editors' Conference Tomorrow
18 October 2011 at 14:58Press Information Bureau is organizing its two-day Annual Economic Editors’ Conference in the National Media Centre, Shastri Bhawan, New Delhi which will be inaugurated by the Finance Minister Shri Pranab Mukherjee tomorrow. There will be
India's economy 'is slowing sharply': Moody's
18 October 2011 at 12:07India’s growth has weakened under the brunt of 12 interest rate increases since March 2010 that have pushed up borrowing costs for everything from consumer appliances to plant equipment India’s slowing economic growth is a “ca
Government, exchanges seek ways to ease STT
18 October 2011 at 12:07The government on Monday discussed with stock exchanges various options to rationalise the securities transactions tax (STT). The finance ministry recently proposed to do away with or dilute STT, a levy that fetches the government around Rs 7,500
G20 promises adequate capital to shore up banks
17 October 2011 at 16:26Financial leaders of the worlds 20 biggest economies will pledge to make sure banks have enough capital and access to funding, amid market worries about eurozone bank capital needs that threaten a liquidity crunch, a draft communique showed
Govt moves closer to setting up China-style mega industry hubs
17 October 2011 at 16:26India is set to create its own versions of China-style mega industrial cities peppered across the country equipped with production units, public utilities, residential areas, schools and hospitals. A group of ministers (GoM) headed by agriculture
Firms get govt breather on forex earnings
17 October 2011 at 16:08The ministry of corporate affairs has given Indian firms another year to spread their liabilities on account of foreign exchange borrowings accruing from fluctuations in foreign exchange The ministry of corporate affairs, or MCA, has given Indian
Finance ministry to begin discussions on budget on Tuesday
17 October 2011 at 16:08Indias finance ministry will start discussions on the budget for the year beginning 1 April on Tuesday, as a weak domestic and external economic environment threatens to crimp revenue and demands for increasing spending on socio-economic de
PM to hold meet over high inflation today
15 October 2011 at 12:26Prime Minister Manmohan Singh has called a meeting on Saturday to discuss policy options with regard to slowing economic growth and high inflation. "The meeting (with PM) is on the current economic situation. We will have a discussion on gro
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