Others News

RBI against letting MFIs collect small deposits

19 October 2011 at 13:11

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

Posted in Others | 3315 Views

FM to Inaugurate Economic Editors' Conference Tomorrow

18 October 2011 at 14:58

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

Posted in Others | 2343 Views

India's economy 'is slowing sharply': Moody's

18 October 2011 at 12:07

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

Posted in Others | 5085 Views

Government, exchanges seek ways to ease STT

18 October 2011 at 12:07

The 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

Posted in Others | 2 comments | 3000 Views

G20 promises adequate capital to shore up banks

17 October 2011 at 16:26

Financial 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

Posted in Others | 2352 Views

Govt moves closer to setting up China-style mega industry hubs

17 October 2011 at 16:26

India 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

Posted in Others | 3396 Views

Firms get govt breather on forex earnings

17 October 2011 at 16:08

The 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

Posted in Others | 1 comments | 3204 Views

Finance ministry to begin discussions on budget on Tuesday

17 October 2011 at 16:08

Indias 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

Posted in Others | 2217 Views

PM to hold meet over high inflation today

15 October 2011 at 12:26

Prime 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

Posted in Others | 2637 Views

Rate hike looms as Sept inflation stays high at 9.72%

15 October 2011 at 12:26

Indias inflation rate continued to remain close to worrisome double-digit levels bolstering speculation that the Reserve Bank of India (RBI), despite a slowing economy, may increase interest rates yet again to cool prices when it presents t

Posted in Others | 2586 Views