Uncertainty surrounding the global economy, rising cost of inputs and high interest rates have led to a decline in business confidence during the current quarter, especially among smaller firms, according to a survey by the Confederation of Indian
The Reserve Bank of India is expected to raise interest rates in its mid-year monetary policy review on Tuesday — the 13th time in 19 months —to cool inflation that has remained stubbornly high during the past few months. For consume
Jaypee Sports International Ltd, organizer of Indias first Formula One (F1) Grand Prix, was directed by the Supreme Court on Friday to deposit 25% of ticket sale receipts in a separate account. The court passed the interim order in
The chief vigilance officer of Indias stock market regulator has sent an internal mail to all employees saying his office has been getting complaints alleging that some officers are in constant touch with others to settle cert
The Finance Minister Shri Pranab Mukherjee has said that the present global economic developments and more particularly the sovereign debt crisis of Europe has once again brought into focus the need for better co-ordination between monetary and fi
In a move that can help solve corporate litigation with the tax departments and mark a step forward in Indias commitment to implement International Financial Reporting Standards (IFRS), the finance ministry has suggested reconciliation of G
The 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
Indias 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
Press 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 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