India inc favours investments in equities, mutual funds
August 27th, 2012 - 9:36 pm ICT by IANS
Bangalore, Aug 27 (IANS) India Inc is in favour of investments in equities and mutual funds than in gold to improve the balance of payments (BoP) and reduce the ... Read more...
Posted in Business |
PMEAC lowers 2012-13 GDP forecast to 6.7 percent
August 17th, 2012 - 4:10 pm ICT by IANS
New Delhi, August 17 (IANS) The Prime Minister's Economic Advisory Council (PMEAC) Friday revised downwards its economic growth projections for the current fiscal to 6.7 percent from the earlier 7.5-8 ... Read more...
Posted in Business |
South Korea’s current account posts surplus
July 27th, 2012 - 1:59 pm ICT by IANS
Seoul, July 27 (IANS) South Korea's current account balance posted a surplus of $5.84 billion last month, keeping its surplus for five months in a row, the central bank said ... Read more...
Posted in Business |
India’s import of precious metals down 37 percent in Q1
July 17th, 2012 - 9:46 pm ICT by IANS
Kolkata, July 17 (IANS) India's import of precious metals in the quarter ended June 30, 2012 registered a 37 percent decline in rupee terms, compared with the like period a ... Read more...
Posted in Business |
RBI mulls alternative financial instruments to gold
July 12th, 2012 - 8:13 pm ICT by IANS
Kolkata, July 12 (IANS) The Reserve Bank of India (RBI) is mulling floating financial instruments that mimic returns on gold to curb the current account deficit, Deputy Governor Anand Sinha ... Read more...
Posted in Business |
Steps soon to check fiscal, curent account deficits: Chidambaram (Lead)
July 11th, 2012 - 12:29 am ICT by IANS
Bangalore, July 10 (IANS) In a bid to reboot the economy and return to the high growth path, the United Progressive Alliance (UPA) government would take proactive measures to ... Read more...
Posted in Politics |
India will soon be back on high growth path: Chidambaram
July 10th, 2012 - 10:24 pm ICT by IANS
Bangalore, July 10 (IANS) India would soon return to high growth path soon in light of several measures being taken by the United Progressive Alliance (UPA) government to reboot the ... Read more...
Posted in Politics |
India Inc has to live with dollar at Rs.50: Kaushik Basu
July 7th, 2012 - 7:58 pm ICT by IANS
Kolkata, July 7 (IANS) India Inc is suffering from sharp rupee depreciation against the US dollar, but should be "realistic" about the Indian currency's fall and learn to live with ... Read more...
Posted in Business |
No link between liquidity management, exchange rate: RBI
July 4th, 2012 - 5:40 pm ICT by IANS
Chennai, July 4 (IANS) The Reserve Bank of India's liquidity management activity is not related to exchange rate movements and neither is the rupee movement directly related to open market ... Read more...
Posted in Business |
Rupee rises to 7-week high of 54.36 against dollar
July 3rd, 2012 - 7:25 pm ICT by IANS
Mumbai, July 3 (IANS) The rupee rose to a seven-week high of 54.36 against a dollar Tuesday as some clarity on taxation rules and the measures announced by the government ... Read more...
Posted in Business |
India’s financial system robust, but risks remain: RBI (Lead)
June 28th, 2012 - 11:00 pm ICT by IANS
Mumbai, June 28 (IANS) India's financial system "remains robust" but challenges to stability have increased in recent months owing to global economic uncertainty and sluggish domestic growth, the Reserve Bank ... Read more...
Posted in Business |
Petrol to be cheaper by Rs.2.46 a litre (Second Lead)
June 28th, 2012 - 10:45 pm ICT by IANS
New Delhi, June 28 (IANS) India's three oil marketing companies (OMCs) have decided to reduce petrol prices by a minimum of Rs.2.46 a litre, depending on states' sales taxes, from ... Read more...
Posted in Business |
PM directs steps to revive growth and reverse pessimism (Roundup)
June 27th, 2012 - 11:33 pm ICT by IANS
New Delhi, June 27 (IANS) Prime Minister Manmohan Singh Wednesday asked the policy planning and finance ministry officials to take immediate steps to improve the economy and reverse ... Read more...
Posted in Business |
‘India must cut subsidies, push reforms to defend rupee’
June 24th, 2012 - 5:09 pm ICT by IANS
New Delhi, June 24 (IANS) The Indian rupee is likely to slide further and might soon touch 58 to the dollar as regulatory measures by the central bank are unlikely ... Read more...
Posted in Business |
Inflation can’t be curbed without sacrificing growth: RBI governor
June 15th, 2012 - 1:02 am ICT by IANS
Hyderabad, June 14 (IANS) Reserve Bank of India (RBI) governor D. Subbarao Thursday said inflation can't be controlled without sacrificing some growth.Delivering the Obayya memorial lecture here, he said that ... Read more...
Posted in Business |
Financial stability panel takes up Eurozone contingency plan
June 14th, 2012 - 9:23 pm ICT by IANS
Hyderabad, June 14 (IANS) A sub-committee of the Indian government's Financial Stability Development Council (FSDC) Thursday discussed recent developments in the global economy, specifically in the Eurozone, the US and ... Read more...
Posted in Business |
Petrol price cut by Rs.2 a litre (Second Lead)
June 2nd, 2012 - 9:23 pm ICT by IANS
New Delhi, June 2 (IANS) In a partial roll-back, oil marketing companies cut petrol prices by Rs.2 a litre with effect from midnight Saturday after crude prices softened in the ... Read more...
Posted in Politics |
Manmohan can’t take decisions: BJP
May 31st, 2012 - 9:39 pm ICT by IANS
New Delhi, May 31 (IANS) The BJP Thursday warned that early polls will be forced if the Congress led-UPA government failed to address the issue of price rise, as ... Read more...
Posted in Politics |
Rupee’s devaluation due to national, international factors: Pranab
May 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, May 27 (IANS) Union Finance Minister Pranab Mukherjee Sunday attributed the cumulative effect of several national and international factors, including the Eurozone crisis, for the devaluation of the ... Read more...
Posted in Business |
ICRA cautious about rating updates on India
April 26th, 2012 - 7:20 pm ICT by IANS
Kolkata, April 26 (IANS) Credit rating company ICRA Thursday said it is cautious on rating updates on Indian economy and companies but would not give a "panic reaction"."We are certainly ... Read more...
Posted in Uncategorized |
Ratings downgrade was inevitable: Wipro
April 25th, 2012 - 8:04 pm ICT by IANS
Bangalore, April 25 (IANS) Downgrading of India's sovereign rating to negative from stable by global rating agency Standard & Poor's (S&P;) was a cause for concern though inevitable due to ... Read more...
Posted in Business |
India calls for integrated action to secure growth
April 22nd, 2012 - 2:11 am ICT by IANS
Washington, April 22 (IANS) India has called for an "integrated and interconnected" response to global developments anchored by the International Monetary Fund (IMF) to effectively secure growth in an ... Read more...
Posted in Business |
Policy uncertainty hurting FDI inflows: RBI
April 11th, 2012 - 9:07 pm ICT by IANS
New Delhi, April 11 (IANS) Foreign direct investment (FDI) inflows to India in recent years have been far below the potential mainly because of "policy uncertainty", a Reserve Bank of ... Read more...
Posted in Business |
Cut cost of credit to boost exports: CII
April 1st, 2012 - 5:54 pm ICT by IANS
New Delhi, April 1 (IANS) India needs to reduce the cost of credit and address infrastructure bottlenecks to revive the growth in exports, an industry lobby said Sunday ahead of ... Read more...
Posted in Business |
‘Pakistani economy very sick’
March 22nd, 2012 - 12:31 pm ICT by IANS
Islamabad, March 22 (IANS) Pakistan's economy seems to be "experiencing a near-death experience", a daily said Thursday, urging sensible planning instead of senseless borrowing.The government says the economy is turning ... Read more...
Posted in South Asia |
Exports drive deficit down on New Zealand balance sheets
March 21st, 2012 - 1:47 pm ICT by IANS
Wellington, March 21 (IANS) New Zealand's current account deficit fell in the December quarter last year, as exports particularly dairy products rose and foreign investors took lower dividends from the ... Read more...
Posted in Business |
Jewellers extend shutdown by two more days
March 19th, 2012 - 11:20 pm ICT by IANS
Kolkata, March 19 (IANS) The All India Gems and Jewellery Trade Federation Monday extended by two more days their strike to protest the government's budget proposal to hike basic customs ... Read more...
Posted in Uncategorized |
Gold to cost more as budget proposes to increase customs duty
March 16th, 2012 - 8:16 pm ICT by IANS
New Delhi, March 16 (IANS) Gold is set to cost more from April 1, 2012 with Finance Minister Pranab Mukherjee Friday proposing to raise import duty on standard gold ... Read more...
Posted in Business |
Budget highlights 4
March 16th, 2012 - 1:15 pm ICT by IANS
* Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.* Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private ... Read more...
Posted in Uncategorized |
Budget highlights 3
March 16th, 2012 - 1:08 pm ICT by IANS
* From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.* Hope to raise Rs.30,000 crore from disinvestments.* New equity savings scheme ... Read more...
Posted in Business |
Budget highlights 2
March 16th, 2012 - 12:56 pm ICT by IANS
* Addressing malnutrition, black money and corruption in public life among five priorities in year ahead.* India's inflation structural, driven largely by agricultural constraints.* Current account deficit 3.6 percent in 2011-12; ... Read more...
Posted in Business |
Australia’s current account deficit widens
March 6th, 2012 - 1:47 pm ICT by IANS
Sydney, March 6 (IANS) Australia's current account deficit widened to 8.37 billion AU dollars ($8.93 billion) in the December quarter of 2011, following an upwardly revised deficit of 5.82 billion ... Read more...
Posted in Business |
India to target 7.5-8 percent growth in 2012-13: Pranab
February 23rd, 2012 - 8:53 pm ICT by IANS
New Delhi, Feb 23 (IANS) The government will target 7.5-8 percent growth in 2012-13 against the estimated 7 percent in the current fiscal ending March 31, Finance Minister Pranab ... Read more...
Posted in Business |
Global uncertainty affecting India: Pranab
February 21st, 2012 - 6:56 pm ICT by IANS
New Delhi, Feb 21 (IANS) Global financial problems, besides a tight monetary policy, are affecting the Indian economy and a slowdown in external demand has led to a decline ... Read more...
Posted in Business |
Downturn temporary, India will clock high growth soon: Pranab
December 27th, 2011 - 6:02 pm ICT by IANS
New Delhi, Dec 27 (IANS) The Indian economy would soon be on a higher growth trajectory with inflation moderating and the savings rate going up, Finance Minister Pranab Mukherjee ... Read more...
Posted in Business |