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 |
Despite risks, India’s financial system robust: RBI
June 28th, 2012 - 8:15 pm ICT by IANS
New Delhi, June 28 (IANS) India's financial system is robust despite the rise in global risks and domestic macro-economic conditions, the Reserve Bank of India (RBI) said Thursday."The financial system ... Read more...
Posted in Business |
S&P; warns India risking investment downgrade; Rupee, Sensex fall
June 11th, 2012 - 9:18 pm ICT by IANS
Mumbai, June 11 (IANS) International ratings agency Standard and Poor's Monday warned that India may lose its investment-grade rating because of slowing growth and political roadblocks to economic policy-making, ... 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 |
Spanish economy stalls
November 1st, 2011 - 11:04 am ICT by IANS
Madrid, Nov 1 (IANS/EFE) The Spanish economy did not grow at all in the third quarter compared with the previous three months and expanded only 0.7 percent in the 12 ... Read more...
Posted in Business |
Protectionism will hurt growth: Anand Sharma
September 1st, 2011 - 7:25 pm ICT by IANS
New Delhi, Sep 1 (IANS) India Thursday asked the developed nations, especially the US and European countries, not to turn protectionist in view of the current economic crisis, saying it ... Read more...
Posted in Business |
Pakistan’s economic indicators depressing, says daily
June 3rd, 2011 - 3:00 pm ICT by IANS
Islamabad, June 3 (IANS) Pakistan's key economic indicators remain depressing, a Pakistani daily said adding that in a country shaken "by terrorism, continued political instability, inconsistent policies, and an unprecedented ... Read more...
Posted in South Asia |
Moody’s downgrades Spain’s debt rating
March 11th, 2011 - 11:55 am ICT by IANS
Madrid, March 11 (IANS/EFE) Moody's downgraded Spain's debt rating Thursday from Aa1 to Aa2 with a negative outlook, citing high bank recapitalisation costs.Six months after stripping Spain of its highest-quality ... Read more...
Posted in Business |
Spain posts positive revision of 2010 GDP figure
February 12th, 2011 - 1:51 pm ICT by IANS
Madrid, Feb 12 (IANS/EFE) The Spanish economy shrank 0.1 percent in 2010, a better showing than the 0.3 percent contraction forecast by the government, said the National Statistics Institute, or INE.The INE's ... Read more...
Posted in Business |
Banking access to all villages with 2,000 people: RBI
February 8th, 2011 - 10:16 pm ICT by IANS
Raipur, Feb 8 (IANS) The Reserve Bank of India (RBI) has planned to make banking accessible to all villages with population more than 2,000 by March 2012, bank governor D. Subbarao said ... Read more...
Posted in Business |
Reserve Bank Governor not surprised by 7.4 percent growth rate
June 1st, 2010 - 8:39 pm ICT by ANI
Pune (Maharashtra), June 1 (ANI): Reserve Bank of India (RBI) Governor D Subbarao on Tuesday said that he was not surprised by the whopping growth rate of 7.4 percent as it had ... Read more...
Posted in Business |
Indian Economy’s integration with rest of the world poses new challenges: Pranab Mukherjee (Part I)
November 3rd, 2009 - 8:38 pm ICT by ANI
New Delhi, Nov.3 (ANI): Union Finance Minister Pranab Mukherjee on Tuesday said that while a growing integration of the Indian economy with the rest of the world has created new opportunities, ... Read more...
Posted in National |
Manmohan Singh leaves for US to attend G-20 Summit
September 23rd, 2009 - 1:51 pm ICT by ANI
New Delhi, Sep 23 (ANI): Prime Minister Dr. Manmohan Singh here today left for USA to attend Summit of G-20 leaders.In his departure statement, Dr. Singh said, "This is the third ... Read more...
Posted in National |
India goes to G20 with confidence, will oppose protectionism: PM
September 23rd, 2009 - 1:34 pm ICT by IANS
New Delhi, Sep 23 (IANS) Underlining India's confidence about its economic future and prospects of global growth which had been dented by the meltdown, Prime Minister Manmohan Singh Wednesday called for ... Read more...
Posted in Business |
Finance Ministry expresses hope in RBIs steps to rein in inflation
June 25th, 2008 - 2:08 pm ICT by ANI
New Delhi, June 25 (ANI): The Finance Ministry today expressed hope that the Reserve Bank of Indias decision of increasing the repo rate by 50 basis points and the CRR by ... Read more...
Posted in Life Style |
Moody’s expects tightening of India’s monetary policy
June 3rd, 2008 - 5:38 pm ICT by IANS
New Delhi, June 3 (IANS) Terming price rise as a threat to social stability in India, a noted global rating agency feels the country's central bank may take further steps to tighten ... Read more...
Posted in Business |
Government allows service sector up to $100 mn external borrowing
May 31st, 2008 - 8:37 pm ICT by admin
New Delhi, May 31 (IANS) The government Saturday eased its external commercial borrowing (ECB) norm, enabling firms in the service sector - hotels, hospitals and software companies - to borrow up to ... Read more...
Posted in Business |
Borrowers in services sectors eligible to avail ECB
May 31st, 2008 - 6:42 pm ICT by admin
New Delhi, May 31 (ANI): The External Commercial Borrowing (ECB) policy is regularly reviewed by the Government in consultation with Reserve Bank of India (RBI) to keep it in tune with ... Read more...
Posted in Entertainment |