reserve bank governor

Expert committee under Rangarajan on sugar sector


January 27th, 2012 - 3:12 pm ICT by IANS
New Delhi, Jan 27 (IANS) Prime Minister Manmohan Singh has constituted an experts panel on the sugar sector, which is among the last remaining industries in India still under ... Read more...

Posted in Business |

India to grow at 8.2 percent: PM panel


August 1st, 2011 - 1:58 pm ICT by IANS
New Delhi, Aug 1 (IANS) Stating that inflation will ease to around 6.5 percent only by the end of this fiscal, the Prime Minister's Economic Advisory Council Monday projected the ... Read more...

Posted in Business |

India’s central bank hikes rates sharply to tame inflation (Lead)


July 26th, 2011 - 2:00 pm ICT by IANS
Mumbai, July 26 (IANS) India's central bank Tuesday sharply hiked key rates by 50 basis points in the 11th such exercise since January 2010 to tame inflation, setting the ... Read more...

Posted in Business |

Public Accounts Committee quizzes Ambani (Lead)


April 5th, 2011 - 6:10 pm ICT by IANS
New Delhi, April 5 (IANS) Parliament's Public Accounts Committee (PAC) Tuesday continued quizzing people, including industrialist Anil Ambani, on matters related to the allotment of scarce telecom spectrum by ... Read more...

Posted in Business |

Public Accounts Committee questions more people in 2G probe


April 5th, 2011 - 3:31 pm ICT by IANS
New Delhi, April 5 (IANS) Parliament's Public Accounts Committee (PAC) Tuesday continued questioning people, including industrialists, in its probe into the allocation of scarce telecom spectrum by former communications minister ... Read more...

Posted in Politics |

Highlights of economic review by prime minister’s council


February 21st, 2011 - 5:06 pm ICT by IANS
New Delhi, Feb 21 (IANS) Highlights of the latest review by the Prime Minister's Economic Advisory Council headed by former Reserve Bank governor C. Rangarajan, barely a week ahead of the presentation ... Read more...

Posted in Business |

India to focus on expanding ties with France: Mukherjee


February 19th, 2011 - 12:48 pm ICT by ANI
Paris, Feb 19 (ANI): India's Finance Minister Pranab Mukherjee has said that his meeting with his French counterpart Christine Lagarde were quite satisfactory and India would focus on expanding ties with ... Read more...

Posted in World |

Pranab Mukherjee to attend G-20 finance ministers’ meet in Paris


February 17th, 2011 - 12:19 pm ICT by ANI
New Delhi, Feb 17 (ANI) Union Finance Minister Pranab Mukherjee will leave for Paris on Thursday evening on a three-day visit to attend G-20 Finance Ministers and Central Bank Governors' meet ... Read more...

Posted in National |

Industry worried over further interest rate hikes


January 25th, 2011 - 6:45 pm ICT by IANS
New Delhi, Jan 25 (IANS) Leading industry associations were concerned about more rate hikes by India's central bank following its increase of 25 basis points in short-term interest rates Tuesday, and said ... Read more...

Posted in Business |

Mukherjee discusses setting up FSDC with regulators


October 12th, 2010 - 7:40 pm ICT by IANS
New Delhi, Oct 12 (IANS) Finance Minister Pranab Mukherjee Tuesday discussed with top financial regulators, including Reserve Bank Governor D. Subbarao and SEBI Chairman C.B. Bhave, the setting up of the ... Read more...

Posted in Business |

Central bank will act on inflation when needed: Mukherjee


June 15th, 2010 - 7:35 pm ICT by IANS
New Delhi, June 15 (IANS) With India's annual inflation rate at double-digits, Finance Minister Pranab Mukherjee Tuesday said the central bank will take appropriate steps when required, raising expectations of an ... Read more...

Posted in Business |

New Zealand raises interest rate to 2.75 percent


June 10th, 2010 - 8:45 am ICT by IANS
Wellington, June 10 (DPA) New Zealand's central bank Thursday raised the benchmark interest rate by 25 basis points to 2.75 per cent, the first hike in over a year. Reserve Bank governor Alan ... 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 |

RBI Governor presses for impact assessment of Dubai debt


November 27th, 2009 - 7:32 pm ICT by ANI
Hyderabad, Nov 27 (ANI): The Reserve Bank Governor D. Subbarao has said Friday that an assessment of the impact of Dubai's debt problems was needed before deciding on a response.Interacting with the ... Read more...

Posted in National |

Fiscal stimulus will continue: Mukherjee (Lead)


October 27th, 2009 - 9:03 pm ICT by IANS
New Delhi, Oct 27 (IANS) Finance minister Pranab Mukherjee Tuesday ruled out any roll back of the stimulus package in a hurry and welcomed the stance taken by the central bank ... Read more...

Posted in Business |

Monetary policy on expected lines: Mukherjee


October 27th, 2009 - 2:57 pm ICT by IANS
New Delhi, Oct 27 (IANS) The monetary policy review by the central bank is on expected lines with no major change in key rates, and works in tandem with the fiscal ... Read more...

Posted in Business |

Highlights of central bank’s monetary policy review


October 27th, 2009 - 1:50 pm ICT by IANS
Mumbai, Oct 27 (IANS) Following are the highlights of the half-yearly review of India's monetary policy for 2009-10, conducted by Reserve Bank Governor D. Subbarao: - Statutory liquidity ratio hiked to 25 percent ... Read more...

Posted in Business |

Indian origin man tipped to be South Africa’s finance minister


May 5th, 2009 - 2:55 pm ICT by IANS
By Fakir Hassen Johannesburg, May 5 (IANS) Indian origin Pravin Gordhan, who has won international acclaim for transforming South Africa's revenue services, is likely to be inducted as the new finance minister in ... Read more...

Posted in Politics |

Zimbabwean currency reduced by trillion to one


February 2nd, 2009 - 5:14 pm ICT by IANS
Harare, Feb 2 (DPA) Zimbabwe's central bank slashed another 12 zeroes off the country's worthless currency Monday, shrinking 1 trillion Zimbabwe dollars into a single Zimbabwe dollar.The move by Reserve Bank governor ... Read more...

Posted in World |

Pay US dollars in Zimbabwe, but don’t expect change


January 24th, 2009 - 10:22 am ICT by IANS
Harare, Jan 24 (DPA) At each till in a large supermarket in the upmarket Avondale suburb of Zimbabwe's capital Harare is a small, much-handled cardboard tray containing boiled sweets, boxes of matches ... Read more...

Posted in World |

‘India’s financial system is strong and healthy’ (Lead)


October 24th, 2008 - 7:40 pm ICT by IANS
Mumbai, Oct 24 (IANS) This in a nutshell is what Reserve Bank Governor D. Subbarao had to say:- Global financial system is in a crisis of unprecedented dimensions.- India's financial sector is ... Read more...

Posted in Business |

New Zealand central bank cuts interest rate to 6.5 percent


October 23rd, 2008 - 9:53 am ICT by IANS
Wellington, Oct 23 (DPA) The New Zealand stock market fell by more than 2 percent Thursday, following the downward trend on markets worldwide, despite an unprecedented 1-percentage-point cut in the central bank's ... Read more...

Posted in Business |

D. Subba Rao to be next Reserve Bank Governor


September 1st, 2008 - 8:59 pm ICT by IANS
New Delhi, Sep 1 (IANS) The government Monday appointed Finance Secretary D. Subba Rao as the next Governor of the Reserve Bank of India (RBI), replacing Y.V. Venugopal Reddy.Reddy, due to step ... Read more...

Posted in Uncategorized |

Zimbabwe central bank knocks 10 zeroes off currency


July 30th, 2008 - 6:40 pm ICT by IANS
DPA Harare, July 30(DPA) Zimbabwe's Reserve Bank governor Gideon Gono announced Wednesday the bank would knock 10 zeroes off the country's battered currency Aug 1 in a bid to prop up the nearly ... Read more...

Posted in World |

Highlights of India’s monetary policy review


July 29th, 2008 - 2:35 pm ICT by IANS
Mumbai, July 29 (IANS) Following are the highlights of India's monetary policy review conducted by Reserve Bank Governor Y.V. Reddy Tuesday, against the backdrop of inflation rate ruling at a 13-year high ... Read more...

Posted in Business |

Rangarajan panel suggests Govt to pay arrears in phased manner


May 28th, 2008 - 9:09 pm ICT by admin
New Delhi, May 28 (ANI): Prime Minister's Economic Advisory Council (EAC) has recommended payment to government employees in a phased manner and favoured deposition of part of the estimated arrear of ... Read more...

Posted in South Asia |

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