price stability

Federal Reserve to pump more liquidity into US economy


September 14th, 2012 - 1:31 pm ICT by IANS
Washington, Sep 14 (IANS/EFE) The US Federal Reserve Thursday announced further steps to stimulate a struggling economy and pledged to keep short-term interest rates at near zero until 2015.At the ... Read more...

Posted in Business |

Kenya’s central bank cuts benchmark rate


July 6th, 2012 - 2:14 pm ICT by IANS
Nairobi, July 6 (IANS) Kenya's Central Bank (CBK) has reduced its interest benchmark rate (CB Rate) to 16.5 percent from 18 percent to bring inflation towards the medium-term target and ... Read more...

Posted in Business |

IMF seeks Myanmar to continue with economic reforms


May 9th, 2012 - 5:17 am ICT by IANS
Washington, May 9 (IANS) The International Monetary Fund (IMF) has urged Myanmar to keep on carrying out economic reforms to tackle development challenges and unleash its potential for growth.IMF's executive ... Read more...

Posted in Uncategorized |

China vows to promote economy, stability (Lead)


March 3rd, 2012 - 6:10 pm ICT by IANS
Beijing, March 3 (IANS) China Saturday vowed to stimulate "steady and robust" economic development and promote social stability in the country.The Chinese People's Political Consultative Conference (CPPCC), the top political ... Read more...

Posted in World |

China’s top political advisory group vows to promote economy


March 3rd, 2012 - 5:10 pm ICT by IANS
Beijing, March 3 (IANS) China's top political advisory committee, which began an annual meeting in the capital Saturday, vowed to promote economy and stability in the country.Jia Qinglin, chairman of ... Read more...

Posted in Uncategorized |

IMF urges euro zone to contain crisis


March 2nd, 2012 - 2:29 pm ICT by IANS
Washington, March 2 (IANS) The euro area should take more steps to check the debt crisis, as global recovery continued to be threatened by strains in the region and fragility ... Read more...

Posted in Business |

Inflation would have been 13 percent, had RBI not acted: Subbarao


December 9th, 2011 - 6:22 pm ICT by IANS
Kolkata, Dec 9 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Friday defended the apex bank's monetary tightening that has drawn criticism for its impact on economic growth, saying ... Read more...

Posted in Business |

Indian economy may grow 9-10 percent in medium-term


October 18th, 2011 - 7:06 pm ICT by IANS
New Delhi, Oct 18 (IANS) Despite recent moderation, the government is hopeful that the Indian economy would grow at 9-10 percent in the medium-term as the fundamentals remain strong."The ... Read more...

Posted in Business |

Price stability top priority, says China’s central bank


September 12th, 2011 - 4:32 pm ICT by IANS
Beijing, Sep 12 (IANS) The People's Bank of China (PBOC), the country's central bank, reiterated Monday that stabilising the overall price levels remained the top priority of macro-economic regulation.Some factors ... Read more...

Posted in Business |

Price stability needed to sustain growth: Pranab


June 16th, 2011 - 4:33 pm ICT by IANS
New Delhi, June 16 (IANS) India need to have better price stability to sustain economic growth in the medium-term, Finance Minister Pranab Mukherjee said Thursday, and added that the ... Read more...

Posted in Business |

Real estate prices soar in Delhi


June 8th, 2011 - 7:14 pm ICT by IANS
New Delhi, June 8 (IANS) Real estate prices in some localities of the national capital skyrocketed by 20 to 27 percent in the first quarter of the current fiscal as ... Read more...

Posted in Business |

China sets seven percent growth target


February 28th, 2011 - 1:10 pm ICT by IANS
Beijing, Feb 28 (IANS) China has set an annual growth target of seven percent to ensure sustainable development during its 12th Five-Year Plan (2011-2015), Prime Minister Wen Jiabao said."We must not any ... Read more...

Posted in Business |

Onions, vegetables still costly though food inflation drops (Lead)


January 20th, 2011 - 6:17 pm ICT by IANS
New Delhi, Jan 20 (IANS) Even as India's annual food inflation based on wholesale prices fell to 15.52 percent for the week ended Jan 8, high prices continued to pinch people ... Read more...

Posted in Business |

Onions, vegetables continue to keep food inflation high


January 20th, 2011 - 2:09 pm ICT by IANS
New Delhi, Jan 20 (IANS) Even as India's annual food inflation based on wholesale prices fell to to 15.52 percent for the week ended Jan 8, high prices continued to pinch ... Read more...

Posted in Business |

PM assures price stability by March


January 19th, 2011 - 10:09 pm ICT by IANS
New Delhi, Jan 19 (IANS) Amid attacks from the opposition over surging inflation, Prime minister Manmohan Singh Wednesday expressed confidence that prices would stabilise by March but stressed that certain factors ... Read more...

Posted in Business |

Chidambaram seeks apt mechanism for stable prices to check inflation


January 6th, 2011 - 12:55 pm ICT by ANI
New Delhi, Jan 6 (ANI): Expressing concern over the high price of various commodities, Union Home Minister P. Chidambaram has said the government, does not have a magic wand to control ... Read more...

Posted in National |

RBI can’t be pure inflation targetter: Subbarao


August 5th, 2010 - 11:28 pm ICT by IANS
Hyderabad, Aug 5 (IANS) The Reserve Bank of India (RBI) cannot be and should not be a pure inflation targetter and it needs to balance between growth, price stability and financial stability, ... Read more...

Posted in Business |

India’s central bank acts on price rise, upbeat on growth (Intro Roundup)


July 27th, 2010 - 7:20 pm ICT by IANS
Mumbai, July 27 (IANS) India's central bank stepped up its attack on rising prices a tad more than expected by hiking two key short-term rates, predicted an eventual increase in interest ... Read more...

Posted in Business |

India’s central bank acts on rising prices, upbeat on growth (Roundup)


July 27th, 2010 - 3:36 pm ICT by IANS
Mumbai, July 27 (IANS) India's central bank stepped up its attack on rising prices a tad more than expected by hiking two key short-term rates while raising its forecast on both ... Read more...

Posted in Business |

India’s central bank hikes key rates to tame inflation


July 27th, 2010 - 1:31 pm ICT by IANS
Mumbai, July 27 (IANS) India's central bank Tuesday stepped up the attack in its battle against rising prices, hiking some key rates in a bid to suck excess money out of the ... Read more...

Posted in Business |

Nepal’s ousted king gets unexpected birthday gift


July 7th, 2010 - 1:40 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, July 7 (IANS) On his 63rd birthday Wednesday, Nepal's deposed king Gyanendra Bir Bikram Shah received an unexpected gift from the political parties who failed to form a new ... Read more...

Posted in Politics |

Highlights of monetary policy update by India’s central bank


April 20th, 2010 - 1:56 pm ICT by IANS
Mumbai, April 20 (IANS) Following are the highlights of the annual policy statement for fiscal 2010-11 presented by Reserve Bank of India Governor D. Subbarao before chief executives of commercial banks here ... Read more...

Posted in Business |

Inflation surge prompts India’s central bank to hike cash ratio (Round-up)


January 29th, 2010 - 4:07 pm ICT by IANS
Mumbai, Jan 29 (IANS) Shifting its stand from an accommodative monetary policy to managing inflation, pegged at a high 8.5 percent by end-March, India's central bank hiked a key policy rate ... Read more...

Posted in Business |

Highlights of monetary policy update by India’s central bank


January 29th, 2010 - 1:32 pm ICT by IANS
Mumbai, Jan 29 (IANS) Following are the highlights of the third quarterly update of the monetary policy for this fiscal presented by Reserve Bank of India Governor D. Subbarao before chief executives ... Read more...

Posted in Business |

India’s central bank hikes cash ratio for banks


January 29th, 2010 - 12:59 pm ICT by IANS
Mumbai, Jan 29 (IANS) The Reserve Bank of India (RBI) Friday hiked the cash reserve ratio (CRR) for commercial banks by an unexpected 75 basis points, in a clear bid to ... Read more...

Posted in Business |

RBI plays key role for 9-10 percent growth: P M


January 15th, 2010 - 9:33 pm ICT by ANI
New Delhi, Jan 15 (ANI): The Prime Minister, Dr. Manmohan Singh, on Friday expressed confidence that the Reserve Bank of India (RBI) will continue to play a historic role in the ... Read more...

Posted in National |

US Federal Reserve keeps interest rates at record low


December 17th, 2009 - 5:01 am ICT by IANS
Washington, Dec 17 (DPA) The US Federal Reserve Wednesday kept interest rates at their historic low of near 0 percent and noted signs that the world's largest economy is recovering from recession. The ... Read more...

Posted in Business |

India’s central bank raises inflation projections


October 27th, 2009 - 1:25 pm ICT by IANS
Mumbai, Oct 27 (IANS) India's central bank has retained its growth projection for the country's economy at 6 percent for the current fiscal but significantly raised its expectations on the annual inflation ... Read more...

Posted in Business |

India’s central bank hikes statutory liquidity ratio


October 27th, 2009 - 1:12 pm ICT by IANS
Mumbai, Oct 27 (IANS) Concerned over creeping inflation, India's central bank Tuesday slightly tightened its monetary policy for this fiscal while retaining most policy rates, with signs of an industrial recovery ... Read more...

Posted in Business |

RBI governor dons teacher’s hat for rural kids


September 23rd, 2009 - 1:47 pm ICT by IANS
Bangalore, Sep 23 (IANS) Reserve Bank of India (RBI) Governor D. Subba Rao turned into a teacher to give simple lessons on the role of the central bank to about 500 students ... Read more...

Posted in Business |

G-20 countries will continue stimulus packages: Pranab


September 7th, 2009 - 6:21 pm ICT by ANI
New Delhi, Sep. 7 (ANI): G-20 countries have decided to continue with the stimulus packages till the global economy is fully revived, Finance Minister Pranab Mukherjee said on Monday.The club of ... Read more...

Posted in World |

Assuring high growth, India’s Economic Survey calls for sweeping reforms (Lead)


July 2nd, 2009 - 4:18 pm ICT by IANS
New Delhi, July 2 (IANS) The Indian economy can expand as much as 7.75 percent this fiscal, says the country's Economic Survey for 2008-09, while calling for sweeping reforms in areas like ... Read more...

Posted in Business |

India’s Economic Survey calls for sweeping reforms


July 2nd, 2009 - 2:13 pm ICT by IANS
New Delhi, July 2 (IANS) Suggesting some sweeping reforms in areas like foreign direct investment, divestment, taxation and the subsidy regime, India's Economic Survey says the country can achieve 7.75 percent growth ... Read more...

Posted in Business |

Fed buys $1 trillion of Treasury, mortgage assets


March 19th, 2009 - 4:47 am ICT by IANS
Washington, March 19 (DPA) The US Federal Reserve, in a drastic new effort to keep the US financial sector afloat, said Wednesday it would buy up more than $1 trillion in ... Read more...

Posted in Business |

US Fed keeps key interest rate unchanged


January 29th, 2009 - 4:04 am ICT by IANS
Washington, Jan 29 (Xinhua) The US Federal Reserve Wednesday decided to keep a key interest rate unchanged at 0-0.25 percent, and also vowed to use all tools to save the sagging economy.The ... Read more...

Posted in Business |

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