inflationary pressure

Finance minister says losing sleep over rising subsidy bills


February 8th, 2012 - 6:23 pm ICT by IANS
New Delhi, Feb 8 (IANS) A worried Finance Minister Pranab Mukherjee Wednesday said he is losing sleep over the rising subsidy bills, notably on food, fertiliser and petroleum products."As ... Read more...

Posted in Business |

Growth may be revised upward from 6.9 percent: Pranab


February 7th, 2012 - 6:16 pm ICT by IANS
New Delhi, Feb 7 (IANS) The economic growth for the current financial year which was projected Tuesday at 6.9 percent, is likely to be revised upwards on the back ... Read more...

Posted in Business |

Inflation will come down to 6-7 percent by March: Mukherjee


February 1st, 2012 - 6:13 pm ICT by IANS
New Delhi, Feb 1 (IANS) The overall inflation will be around 6-7 percent by March while economic growth in the current financial year will be around 7 percent, Finance ... Read more...

Posted in Business |

Congress has good track record in dealing with graft: Pranab


January 25th, 2012 - 10:02 pm ICT by IANS
Chandigarh, Jan 25 (IANS) Union Finance Minister Pranab Mukherjee Wednesday said that the Congress has a unique track record in dealing with corruption which could not be said about ... Read more...

Posted in Politics |

CRR reduction will help ease liquidity problems: India Inc.


January 24th, 2012 - 5:13 pm ICT by IANS
New Delhi, Jan 24 (IANS) The Reserve Bank of India's decision to cut the cash reserve ratio (CRR) by half a percentage point will help ease the liquidity situation and ... Read more...

Posted in Business |

Growth will be below 7.5 percent, says Pranab


January 18th, 2012 - 6:04 pm ICT by IANS
New Delhi, Jan 18 (IANS) India's economic growth will fall below 7.5 percent in the current financial year and it would be a "major challenge" to meet the fiscal ... Read more...

Posted in Business |

Inflation falls to two-year low in December (Roundup)


January 16th, 2012 - 8:59 pm ICT by IANS
New Delhi, Jan 16 (IANS) India's annual inflation rate fell to a two-year low of 7.47 percent in December, offering relief to policy-makers ahead of crucial state elections.The inflation, ... Read more...

Posted in Business |

Inflation falls to two-year low of 7.47 percent (Lead)


January 16th, 2012 - 3:30 pm ICT by IANS
New Delhi, Jan 16 (IANS) On the back of decline in the prices of food products, India's annual inflation based on the wholesale price index fell to a two-year ... Read more...

Posted in Business |

Food prices fall; inflation will continue to moderate: Pranab (Lead)


January 12th, 2012 - 5:53 pm ICT by IANS
New Delhi, Jan 12 (IANS) Overall food prices declined for the second consecutive week year-on-year, led by a sharp drop in the price of vegetables, especially onions, official data ... Read more...

Posted in Business |

Food inflation continues in the negative


January 12th, 2012 - 2:26 pm ICT by IANS
New Delhi, Jan 12 (IANS) India's annual food inflation continued to be in the negative for the week ending Dec 31, official data showed Thursday on lower prices of vegetables, ... Read more...

Posted in Uncategorized |

India to aim at 8 percent plus growth next fiscal: Namo Narain Meena (Interview)


January 12th, 2012 - 10:48 am ICT by IANS
Jaipur, Jan 12 (IANS) India's "growth story is intact" and the goverment would target more than eight percent growth in the next financial year on the back of easing inflation ... Read more...

Posted in Business |

Food inflation dips to -3.36 percent; RBI may cut rates (Roundup)


January 5th, 2012 - 8:07 pm ICT by IANS
New Delhi, Jan 5 (IANS) India's annual food inflation slipped into the negative for the first time in at least six years, official data showed Thursday as prices of ... Read more...

Posted in Uncategorized |

Food inflation dips to low of minus 3.36 percent (Lead)


January 5th, 2012 - 3:05 pm ICT by IANS
New Delhi, Jan 5 (IANS) India's annual food inflation slipped into negative for the first time in "recent memory" as prices of vegetables, onions and potatoes fell sharply, official ... Read more...

Posted in Business |

Food inflation dips to two-year low


January 5th, 2012 - 2:43 pm ICT by IANS
New Delhi, Jan 5 (IANS) India's annual food inflation slipped into negative for the first time in "recent memory" as prices of vegetables, onions and potatoes fell sharply, official ... Read more...

Posted in Uncategorized |

Food inflation dips to six-year low, relief for consumer (Second Lead)


December 29th, 2011 - 7:41 pm ICT by IANS
New Delhi, Dec 29 (IANS) There was year-end relief for the common man as India's annual food inflation dropped to a near six-year low of 0.42 percent for the ... Read more...

Posted in Business |

Food inflation dips to 0.42 percent; WPI may fall to 6 percent: Pranab (Lead)


December 29th, 2011 - 7:22 pm ICT by IANS
New Delhi, Dec 29 (IANS) India's annual food inflation dropped to a near six-year low of 0.42 percent for the week ended Dec 17 due to a sharp decline ... Read more...

Posted in Business |

India Inc welcomes RBI’s decision to pause rate hike


December 16th, 2011 - 6:30 pm ICT by IANS
New Delhi, Dec 16 (IANS) Welcoming the Reserve Bank of India's decision to put a pause on the rate hike, India Inc. Friday said the central bank's move would help ... Read more...

Posted in Business |

Inflation still at ‘unacceptable’ level: Pranab


December 15th, 2011 - 4:16 pm ICT by IANS
New Delhi, Dec 15 (IANS) Despite the recent decline, inflation still remain high at an "unacceptable" level but the government has very limited tools to curb it, Finance Minister ... Read more...

Posted in Business |

Mukherjee blames inflation on world economic crisis


December 9th, 2011 - 5:45 pm ICT by IANS
New Delhi, Dec 9 (IANS) Finance Minister Pranab Mukherjee Friday presented a spirited defence of the government "constantly trying to fight price rise" and said the world economic situation ... Read more...

Posted in Uncategorized |

Food inflation falls to 8 percent


December 1st, 2011 - 2:28 pm ICT by IANS
New Delhi, Dec 1 (IANS) India's food inflation fell sharply to 8 percent for the week ended Nov 19 as compared to 9.01 percent in the previous week as onions, ... Read more...

Posted in Business |

Rupee falls below 52 against dollar


November 21st, 2011 - 6:41 pm ICT by IANS
Mumbai, Nov 21 (IANS) The value of the Indian rupee Monday fell below 52 against the US dollar for the first time in over two and a half years ... Read more...

Posted in Uncategorized |

Inflation hurting government’s credibility: Montek


November 20th, 2011 - 7:13 pm ICT by IANS
New Delhi, Nov 20 (IANS) The stubbornly high inflation has hurt the government's credibility and if not curbed in a couple of months, it would send a signal that ... Read more...

Posted in Uncategorized |

India’s forex reserves drop by $326 mn


November 20th, 2011 - 3:27 pm ICT by IANS
Mumbai, Nov 20 (IANS) India's foreign exchange reserves fell by $326 million to $314.34 billion for the week ended Nov 11, declining sharply for the second straight week due to ... Read more...

Posted in Business |

RBI monitoring depreciating rupee: Mukherjee


November 19th, 2011 - 5:35 pm ICT by IANS
New Delhi, Nov 19 (IANS) Even as the rupee fell to a 32-month low against the dollar, pushing up the cost of imports, Finance Minister Pranab Mukherjee Saturday said ... Read more...

Posted in Business |

Rupee slumps to 32-month low against dollar


November 18th, 2011 - 9:23 pm ICT by IANS
Mumbai, Nov 18 (IANS) The value of Indian rupee slumped to Rs.51.30 against the US dollar Friday, the lowest in 32 months, due to increased demand for greenback from ... Read more...

Posted in Business |

`China’s exports under pressure’


November 16th, 2011 - 2:22 pm ICT by IANS
Beijing, Nov 16 (IANS) China's exports are feeling the pressure from global economic uncertainties, trade protectionism and rising domestic costs, the authorities said Wednesday."We cannot be optimistic about the export ... Read more...

Posted in Business |

CESC’s net profit dips 26 percent in Q2


November 9th, 2011 - 6:32 pm ICT by IANS
Kolkata, Nov 9 (IANS) Power utility CESC Limited, a RP-Sanjiv Goenka Group company, Wednesday reported a 26 percent dip in its net profit at Rs.144 crore in the second quarter ... Read more...

Posted in Business |

Inflation remains sticky, growth will moderate: RBI


October 24th, 2011 - 8:30 pm ICT by IANS
Mumbai, Oct 24 (IANS) The Reserve Bank of India (RBI) Monday said economic growth for 2011-12 will be lower than its earlier projection of 8 percent even as inflation remained ... Read more...

Posted in Business |

RBI set to again hike rates to tame inflation


October 24th, 2011 - 5:10 pm ICT by IANS
Mumbai, Oct 24 (IANS) The Reserve Bank of India (RBI) is widely expected to again hike key policy rates Tuesday to curb stubbornly high inflation. The 13th hike since March ... Read more...

Posted in Business |

Need better coordination in fiscal, monetary policies: Pranab


October 21st, 2011 - 4:31 pm ICT by IANS
New Delhi, Oct 21 (IANS) Finance Minister Pranab Mukherjee Friday said there was need for better coordination between fiscal and monetary policies to effectively tackle the global economic turmoil."The ... Read more...

Posted in Business |

Diesel price to go up if inflation comes down: Rangarajan


October 20th, 2011 - 6:38 pm ICT by IANS
New Delhi, Oct 20 (IANS) The government will hike diesel prices once there is a substantial easing in inflationary pressure, the prime minister's top economic adviser C. Rangarajan said Thursday."Diesel ... Read more...

Posted in Business |

US consumer prices rose in September


October 20th, 2011 - 12:38 pm ICT by IANS
Washington, Oct 20 (IANS/EFE) US consumer prices rose 0.3 percent last month, bringing the 12-month inflation rate to 3.9 percent, the Labour Department said Wednesday.The core Consumer Price Index, which ... Read more...

Posted in Business |

Food inflation drops to 8.84 percent


September 22nd, 2011 - 2:08 pm ICT by IANS
New Delhi, Sep 22 (IANS) India's food inflation dropped to 8.84 percent for the week ended Sep 10 as compared to 9.47 percent in the previous week as rise in ... Read more...

Posted in Business |

Indian equities end in positive amid volatile trading (Weekly market review)


September 17th, 2011 - 3:42 pm ICT by IANS
Mumbai, Sep 17 (IANS) Indian equities markets ended the week with marginal gains amid volatile trading as investors shrugged off the 12th successive rate hike by the Reserve Bank ... Read more...

Posted in Business |

Rate hike will bring down inflation, hopes Pranab


September 16th, 2011 - 7:40 pm ICT by IANS
New Delhi, Sep 16 (IANS) Finance Minister Pranab Mukherjee Friday said hike in key policy rates by the Reserve Bank of India would help bring down inflation to a ... Read more...

Posted in Business |

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