inflationary pressure

Diesel price hike will be double whammy: India Inc. leaders


September 14th, 2012 - 4:52 pm ICT by IANS
Kolkata, Sep 14 (IANS) The government's move to raise diesel prices by Rs.5 a litre has come under strong criticism from members of India Inc. who foresee a double whammy ... Read more...

Posted in Business |

India’s inflation soars to 7.55 percent in August (Lead)


September 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Sep 14 (IANS) Driven by a sharp increase in food prices, inflation rose to 7.55 percent in August from 6.87 percent in July, government data showed Friday.The more-than-expected ... Read more...

Posted in Business |

Inflation rises to 7.55 percent in August


September 14th, 2012 - 3:45 pm ICT by IANS
New Delhi, Sep 14 (IANS) India's inflation soared to 7.55 percent in August compared to 6.87 percent in July, largely driven by a sharp hike in prices of food items, ... Read more...

Posted in Business |

Kenya’s apex bank cuts benchmark lending rate


September 6th, 2012 - 1:11 pm ICT by IANS
Nairobi, Sep 6 (IANS) Kenya's central bank CBK has slashed benchmark lending rate by 350 basis points to 13.0 percent from the previous 16.5 percent to allow more borrowing from ... Read more...

Posted in Business |

Inflation down by 6.87 percent


August 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Aug 14 (IANS) India's headline inflation fell to 6.87 percent in July from 7.25 percent in the previous month, putting pressure on the Reserve Bank of India to ... Read more...

Posted in Business |

Factory output dips by 1.8 percent in June (Roundup)


August 9th, 2012 - 8:23 pm ICT by IANS
New Delhi, Aug 9 (IANS) India's industrial output dropped 1.8 percent in June, the third time in four months, due to a sharp contraction in manufacturing production, government data ... Read more...

Posted in Business |

RBI keeps key rates unchanged, cuts SLR by 1 percent (Roundup)


July 31st, 2012 - 9:32 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June saying lowering them would raise inflationary pressure without ... Read more...

Posted in Business |

Economic growth will fall below 6 percent: Kaushik Basu


July 31st, 2012 - 6:35 pm ICT by IANS
New Delhi, July 31 (IANS) India's economic growth will fall below 6 percent in the first half of the current fiscal but would pick up thereafter and inflation would moderate ... Read more...

Posted in Business |

Subbarao sees scope to cut rates in 2012


July 31st, 2012 - 6:17 pm ICT by IANS
Mumbai, July 31 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Tuesday said persistent high inflation did not allow the central bank to cut interest rates immediately but there ... Read more...

Posted in Business |

Indian economy to grow 6 to 6.5 percent in 2012-13: Montek


July 31st, 2012 - 3:39 pm ICT by IANS
New Delhi, July 31 (IANS) Indian economy is expected to grow by 6 to 6.5 percent in the current financial year and would take at least two years to reverse ... Read more...

Posted in Business |

RBI keeps key rates unchanged as inflation outlook worsens (Lead)


July 31st, 2012 - 2:41 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering them would raise the inflationary pressure.In ... Read more...

Posted in Business |

RBI keeps key rates unchanged as inflation persists


July 31st, 2012 - 1:56 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering of rates would aggravate inflationary pressure.In ... Read more...

Posted in Business |

Jay Shree Tea fetches higher returns


July 26th, 2012 - 12:23 am ICT by IANS
Kolkata, July 25 (IANS) A higher price of tea in the market during the current financial year is likely to help in protecting the bottom line of city-based Jay Shree ... Read more...

Posted in Business |

Sharma seeks Punjab, Haryana’s support for FDI in retail


July 18th, 2012 - 9:22 pm ICT by IANS
New Delhi, July 18 (IANS) Commerce and Industry Minister Anand Sharma will meet the chief ministers of Punjab and Haryana Thursday to garner support for allowing foreign direct investment ... Read more...

Posted in Business |

Inflation eases, but food prices surge


July 16th, 2012 - 3:12 pm ICT by IANS
New Delhi, July 16 (IANS) India's headline inflation fell to 7.25 percent in June from 7.55 percent in the previous month, putting pressure on the Reserve Bank of India to ... Read more...

Posted in Business |

India’s central bank keeps key lending rates unchanged (Fourth Lead)


June 18th, 2012 - 3:32 pm ICT by IANS
Mumbai, June 18 (IANS) In a bid to control high inflation, the Reserve Bank of India (RBI) Monday kept key lending rates unchanged but said it is ready to provide ... Read more...

Posted in Uncategorized |

RBI expected to cut key lending rates to spur growth


June 17th, 2012 - 6:04 pm ICT by IANS
Mumbai, June 17 (IANS) In a bid to spur growth and boost consumer sentiment, India's central bank is expected to cut key lending rates by 25-50 basis points in ... Read more...

Posted in Uncategorized |

Inflation to remain between 6.5-7.5 percent: Mukherjee (Lead)


June 14th, 2012 - 4:37 pm ICT by IANS
New Delhi, June 14 (IANS) Finance Minister Pranab Mukherjee Thursday said he is "confident" that the headline inflation will remain between 6.5-7.5 percent in 2012-13, even as the government ... Read more...

Posted in Business |

Inflation rises to 7.55 percent, food prices surge


June 14th, 2012 - 2:37 pm ICT by IANS
New Delhi, June 14 (IANS) India's inflation moved up to 7.55 percent in May as compared to 7.23 percent in the previous month, mainly driven by a sharp increase in ... Read more...

Posted in Business |

Interest rate not main reason for growth slowdown: RBI


June 8th, 2012 - 4:23 pm ICT by IANS
Mumbai, June 8 (IANS) High interest rate is not the main reason for the slowdown in economic growth that slumped to a nine-year low of 5.3 percent in the quarter ... Read more...

Posted in Business |

BJP attacks government for falling rupee


May 23rd, 2012 - 3:36 pm ICT by IANS
New Delhi, May 23 (IANS) With the rupee sliding down to 56 to a dollar Wednesday, the Bharatiya Janata Party (BJP) accused the United Progressive Alliance (UPA) ... Read more...

Posted in Politics |

Retail inflation surges to 10.36 percent in April


May 18th, 2012 - 3:15 pm ICT by IANS
New Delhi, May 18 (IANS) India's inflation based on retail prices surged 10.36 percent in April as compared to 9.38 percent in the previous month due to a sharp increase ... Read more...

Posted in Uncategorized |

Inflation rises to 7.23 percent; food prices surge (Lead)


May 14th, 2012 - 8:43 pm ICT by IANS
New Delhi, May 14 (IANS) India's inflation moved up to 7.23 percent in April as compared to 6.89 percent in the previous month, mainly driven by a sharp increase ... Read more...

Posted in Business |

Inflation accelerates to 7.23 percent in April


May 14th, 2012 - 2:47 pm ICT by IANS
New Delhi, May 14 (IANS) India's inflation rose faster-than-expected to 7.23 percent in April as compared to 6.89 percent in the previous month, mainly driven by a sharp increase in ... Read more...

Posted in Business |

South Korean bank freezes key interest rate


May 10th, 2012 - 1:50 pm ICT by IANS
Seoul, May 10 (IANS) South Korea's central bank said Thursday that it froze the benchmark interest rate at 3.25 percent for May, leaving the 7-day repo rate unchanged for 11 ... Read more...

Posted in Business |

Inflation pressure may re-emerge in India: Morgan Stanley


May 3rd, 2012 - 7:30 pm ICT by IANS
New Delhi, May 3 (IANS) India faces a very high risk of a return to rising inflation with the government continuing with its spending spree and the central bank easing ... Read more...

Posted in Business |

Inflation declines marginally, RBI rate cut seen (Roundup)


April 16th, 2012 - 8:40 pm ICT by IANS
New Delhi, April 16 (IANS) India's inflation declined marginally to 6.89 percent in March as compared to 6.95 percent in the previous month, helped by softening in prices of ... Read more...

Posted in Business |

Inflation falls to 6.89 percent in March


April 16th, 2012 - 2:45 pm ICT by IANS
New Delhi, April 16 (IANS) Inflation declined marginally to 6.89 percent in March as compared to 6.95 percent in the previous month even as prices of vegetables, pulses and milk ... Read more...

Posted in Business |

Union budget: Growth, fiscal consolidation top challenges


March 15th, 2012 - 9:36 pm ICT by IANS
New Delhi, March 15 (IANS) Finance Minister Pranab Mukherjee will present the budget for 2012-13 Friday against the backdrop of a sharp slowdown in growth, deteriorating fiscal conditions, continuing ... Read more...

Posted in Business |

‘India will grow at 7.6 percent, to play active global role’ (Roundup)


March 15th, 2012 - 7:43 pm ICT by IANS
New Delhi, March 15 (IANS) India's economic growth will rebound to 7.6 percent in 2012-13 on the back of softening inflation and better industrial production, enabling it to play ... Read more...

Posted in Business |

Inflation rises to 6.95 percent in February


March 14th, 2012 - 6:57 pm ICT by IANS
New Delhi, March 14 (IANS) Reversing a four-month old declining trend, India's inflation rose to 6.95 percent in February on a sharp increase in prices of food articles, government ... Read more...

Posted in Business |

Government confident of returning to 9 percent growth (Roundup)


March 12th, 2012 - 9:01 pm ICT by IANS
New Delhi, March 12 (IANS) The government Monday expressed confidence that the country would return to a high economic growth rate of eight to nine percent, unveiling a blueprint ... Read more...

Posted in Politics |

IMF advises caution on policy easing to India


March 2nd, 2012 - 11:21 am ICT by IANS
Washington, March 2 (IANS) Noting that the global recovery had suffered a setback, the International Monetary Fund (IMF) has advised India and other emerging economies with high inflation and public ... Read more...

Posted in Business |

Sensex posts first weekly fall in 2012; slumps 366 points (Weekly market review)


February 25th, 2012 - 4:52 pm ICT by IANS
Mumbai, Feb 25 (IANS) Indian equities markets benchmark indices registered their first weekly fall in this calender year due to profit booking on concern that rise in crude oil ... Read more...

Posted in Business |

US consumer prices go up


February 18th, 2012 - 2:08 pm ICT by IANS
Washington, Feb 18 (IANS) Consumer prices in the US ticked up 0.2 percent in January, reported the Labor Department Friday.The Consumer Price Index (CPI), which tracks inflation at the retail ... Read more...

Posted in Business |

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