monetary measures

RBI must adjust monetary policy: Pranab (Lead)


June 16th, 2012 - 5:55 pm ICT by IANS
Mumbai, June 16 (IANS) The basic strategy to bring the country's economy back on track is by stimulating domestic demand, Finance Minister Pranab Mukherjee Saturday said and exuded confidence ... Read more...

Posted in Business |

Economic Survey pegs inflation at 6.5-7 percent


March 15th, 2012 - 2:30 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday pegged inflation at 6.5-7 percent by end of March and ... 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 |

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 |

China facilitates debt-for-equity swaps for firms


November 23rd, 2011 - 5:28 pm ICT by IANS
Beijing, Nov 23 (IANS) China's industry and commerce watchdog Wednesday set rules to help fund-strapped firms restructure debts and improve cash flow through debt-for-equity swaps.The move is the government's latest ... Read more...

Posted in Business |

Inflation will slow by March, says Pranab; opposition flays claim (Roundup)


November 22nd, 2011 - 8:48 pm ICT by IANS
New Delhi, Nov 22 (IANS) Finance Minister Pranab Mukherjee said Tuesday inflation would come down to 6-7 percent by the end of the current fiscal and to a "more ... Read more...

Posted in Business |

No impact of government’s assurances on inflation: Yechury


November 22nd, 2011 - 7:16 pm ICT by IANS
New Delhi, Nov 22 (IANS) Communist Party of India-Marxist (CPI-M) leader Sitaram Yechury Tuesday said there has been no impact of the government's earlier assurances in parliament on action ... Read more...

Posted in Politics |

Growth may moderate, inflation a major challenge: Pranab (Lead)


June 17th, 2011 - 9:30 pm ICT by IANS
New Delhi, June 17 (IANS) The monetary tightening policy pursued by the Reserve Bank of India might moderate growth in short-term even as controlling inflation remains a major challenge ... Read more...

Posted in Business |

Monetary tightening may moderate growth: Mukherjee


June 17th, 2011 - 1:53 pm ICT by IANS
New Delhi, June 17 (IANS) Continued monetary tightening by the Reserve Bank of India might moderate growth in the short-term but the long-term prospects remained buoyant, Finance Minister Pranab ... Read more...

Posted in Business |

Inflation will come down soon : RBI governor


May 19th, 2011 - 10:00 pm ICT by IANS
Agartala, May 19 (IANS) The Reserve Bank of India (RBI) is taking steps to check inflation and it will soon come down, RBI chief D. Subbarao said Thursday."Inflation would come ... Read more...

Posted in Business |

India’s central bank to review monetary policy Thursday


March 15th, 2011 - 2:29 pm ICT by IANS
Mumbai, March 15 (IANS) India's central bank will conduct a mid-quarter review of its monetary policy for fiscal 2010-11 Thursday amid worries over the continuing price rise that has further ... Read more...

Posted in Business |

PM to meet RBI Governor to discuss monetary measures to curb inflation


January 12th, 2011 - 12:27 pm ICT by ANI
New Delhi, Jan 12 (ANI): The Prime Minister, Dr. Manmohan Singh will meet Reserve Bank of India (RBI) Governor D Subbarao over the possibility of further monetary steps to check price ... Read more...

Posted in National |

Mukherjee asks RBI to take measures to help curb price rise of food material


September 11th, 2010 - 8:06 pm ICT by ANI
Kolkata, Sep.11 (ANI): Union Finance Minister Pranab Mukherjee has expressed concern over rising food prices and advised the central bank to take every possible measure required to bring them down while ... Read more...

Posted in National |

Inflation will keep declining after July: Ahluwallia


July 30th, 2010 - 10:56 pm ICT by IANS
Bangalore, July 30 (IANS) India's inflation rate, which peaked this month following the fuel price hike in June, will keep declining after July and moderate by December, Planning Commission Deputy Chairman Montek ... Read more...

Posted in Business |

RBI’s decision to raise key rates desirable: Pranab


July 2nd, 2010 - 11:24 pm ICT by IANS
Mumbai, July 2 (IANS) Finance Minister Pranab Mukherjee Friday called the Reserve Bank of India's (RBI) decision to raise key policy rates "desirable", even as a leading industry body voiced concern ... Read more...

Posted in Business |

Reserve Bank of India hikes key interest rates


July 2nd, 2010 - 8:36 pm ICT by IANS
Mumbai, July 2 (IANS) India's central bank Friday hiked key interest rates by 25 basis points with immediate effect in an attempt to contain soaring inflation. The Reserve Bank of India (RBI) hiked ... Read more...

Posted in Business |

Industrial output to remain steady in 2010-11


May 24th, 2010 - 7:15 pm ICT by IANS
New Delhi, May 24 (IANS) India's industrial production will register double-digit growth in the 2010-11 financial year, according to the government. "Inspite of a calibrated withdrawal in the shape of a partial ... Read more...

Posted in Business |

India Inc’s business confidence surges, says CII


October 25th, 2009 - 11:46 am ICT by IANS
New Delhi, Oct 25 (IANS) The business confidence of India Inc. has improved in the wake of the economic revival, says a survey by the Confederation of Indian Industry (CII). Howevcr, slack ... Read more...

Posted in Business |

Industrial production up 10.4 percent in August (Second Lead)


October 12th, 2009 - 5:51 pm ICT by IANS
New Delhi, Oct 12 (IANS) Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a growth of 10.4 percent in industrial production during August this year ... Read more...

Posted in Business |

India’s industrial output up 10.4 percent in August (Lead)


October 12th, 2009 - 4:38 pm ICT by IANS
New Delhi, Oct 12 (IANS) Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a growth of 10.4 percent in industrial production during August this year ... Read more...

Posted in Business |

India Inc welcomes central bank’s monetary policy


July 28th, 2009 - 5:36 pm ICT by IANS
New Delhi, July 28 (IANS) Welcoming the monetary policy announced by the apex bank Tuesday, India Inc expressed hope that the country's economic growth will exceed the bank's expectation of 6 percent ... Read more...

Posted in Business |

Inflation rate to average at 5 percent this fiscal: Industry


July 1st, 2009 - 8:30 pm ICT by IANS
New Delhi, July 1 (IANS) Rising commodity prices globally, delayed monsoon and fiscal and monetary measures are likely to push up India's annual rate of inflation and average near 5 percent this ... Read more...

Posted in Business |

Real estate recovery in next three months: Assocham


May 28th, 2009 - 4:41 pm ICT by IANS
New Delhi, May 28 (IANS) India's realtors believe the sector will see signs of recovery in the next three months, according to the Associated Chambers of Commerce and Industry of India (Assocham). A ... Read more...

Posted in Business |

Fiscal deficit ceiling needs fresh look: Pranab Mukherjee


May 26th, 2009 - 5:26 pm ICT by IANS
New Delhi, May 26 (IANS) Accepting that the two financial stimulus packages and a relaxed monetary policy have put pressures on India's fiscal deficit, Finance Minister Pranab Mukherjee Tuesday hinted the fiscal ... Read more...

Posted in Business |

India’s inflation rate falls eighth straight week to 0.27 percent (Roundup)


March 26th, 2009 - 3:52 pm ICT by IANS
New Delhi, March 26 (IANS) India's annual rate of inflation declined for the eighth straight week and dropped to another historic low of 0.27 percent for the week ended March 14, as ... Read more...

Posted in Business |

Auto sales up in February, but industry remains cautious


March 9th, 2009 - 7:31 pm ICT by IANS
New Delhi, March 9 (IANS) February brought a breather for the country's struggling auto industry, which witnessed a 15-percent year-on-year jump in passenger vehicle- sales and 45 percent growth in the mid-size ... Read more...

Posted in Business |

General Motors sees more sales in non-metros, towns


February 24th, 2009 - 8:40 pm ICT by IANS
Bangalore, Feb 24 (IANS) The Indian subsidiary of US auto major General Motors (GM) has seen a dramatic shift in the purchase of its vehicles in the Indian sub-continent, with non-metros and ... Read more...

Posted in Uncategorized |

Auto industry welcomes budget, but demands more stimulus measures


February 16th, 2009 - 10:15 pm ICT by IANS
New Delhi, Feb 16 (IANS) Though the interim budget has not announced any specific sops for the crisis-hit auto sector, the increased allocation for defence and surface transport ministry would boost vehicle ... Read more...

Posted in Uncategorized |

Pakistan to ask IMF for additional loan of $4.5 bn


February 14th, 2009 - 1:31 am ICT by IANS
Islamabad, Feb 13 (DPA) Pakistan is to ask the International Monetary Fund (IMF) to raise its approved loan of $7.6 billion to $12.1 billion during talks with the organization opening in Dubai ... Read more...

Posted in World |

Corrective measures needed to be taken to ensure high domestic demand: Home Minister


January 24th, 2009 - 7:25 pm ICT by ANI
Chennai, Jan 24, (ANI): Union Home Minister P. Chidambaram said on Saturday that corrective measures have to be undertaken to ensure high domestic demand. The Union Home Minister while delivering a lecture ... Read more...

Posted in National |

More stimulus packages on the anvil


January 24th, 2009 - 2:50 pm ICT by IANS
Chennai, Jan 24 (IANS) The central government and the Reserve Bank of India (RBI) will jointly work to chart out more stimulus packages for industry, Home Minister P. Chidambaram said here Saturday. ... Read more...

Posted in Uncategorized |

India may consider further cuts in fuel prices: Chidambaram


December 16th, 2008 - 3:37 pm ICT by IANS
New Delhi, Dec 16 (IANS) The Indian government may permit further cuts in prices of transport fuels if crude oil continues to slip in international markets, Home Minister P. Chidambaram told parliament ... Read more...

Posted in Uncategorized |

Centre announces Rs.20, 000 crore stimulus package to boost economy


December 7th, 2008 - 7:59 pm ICT by ANI
ZCZC ANI (National) New Delhi, Dec.7 (ANI): To counter the effects of the global financial slowdown and its impact on various sectors of the Indian economy, the Central Government on Sunday ... Read more...

Posted in National |

India’s central bank cuts key rates, warns of ‘painful adjustment’ (Roundup)


December 6th, 2008 - 4:31 pm ICT by IANS
Mumbai, Dec 6 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Saturday warned of a period of “painful adjustment” for the country's economy as he cut key rates to lower the ... Read more...

Posted in Business |

Make money affordable, says Yashwant Sinha


November 25th, 2008 - 2:39 pm ICT by ANI
New Delhi, Nov.24 (ANI): At a time when the country is faced with challenging times in the wake of global economic slowdown, the former Finance Minister and senior Bharatiya Janata Pary ... Read more...

Posted in National |

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