June industrial output data disappointing: Chidambaram
August 9th, 2012 - 7:14 pm ICT by IANS
New Delhi, Aug 9 (IANS) Finance Minister P. Chidambaram Thursday voiced disappointment over the June industrial output data and said the government would try to remove hurdles in critical ... Read more...
Posted in Uncategorized |
Government to boost insurance and mutual fund industry
August 6th, 2012 - 6:18 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said that the government will announce a number of decisions in the next few weeks to boost the mutual ... Read more...
Posted in Business |
Inflation too high, says RBI; defends tight money policy (Lead)
June 19th, 2012 - 10:26 pm ICT by IANS
Mumbai, June 19 (IANS) Reserve Bank of India Governor Duvvuri Subbarao Tuesday said inflation is still above the acceptable level and it cannot be brought down without monetary tightening and ... Read more...
Posted in Business |
India’s potential growth rate has come down: RBI
June 19th, 2012 - 8:55 pm ICT by IANS
Mumbai, June 19 (IANS) A day after keeping the key policy rates steady, the central bank Tuesday said India's potential of maintaining a high economic growth has come down."Potential growth ... Read more...
Posted in Business |
RBI will adjust monetary policy to spur growth: Pranab (Roundup)
June 16th, 2012 - 7:28 pm ICT by IANS
Mumbai, June 16 (IANS) Finance Minister Pranab Mukherjee Saturday exuded confidence that the Reserve Bank of India would "adjust" the monetary policy to ease macro-economic concerns of slow growth ... 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 |
Difficult to meet 4.6 percent fiscal deficit target: Pranab
January 11th, 2012 - 9:05 pm ICT by IANS
New Delhi, Jan 11 (IANS) India is unlikely to meet the 4.6 percent fiscal deficit target for the financial year ending March 31, Finance Minister Pranab Mukherjee said Wednesday."It ... Read more...
Posted in Business |
Supply constraints pushing up food inflation: KPMG
November 8th, 2011 - 9:35 pm ICT by IANS
New Delhi, Nov 8 (IANS) India's food inflation has remained high in the recent month and surged to over 12 percent for the week ended Oct 22, mainly because ... Read more...
Posted in Business |
Inflation will come down by December: Pranab
October 31st, 2011 - 5:52 pm ICT by IANS
New Delhi, Oct 31 (IANS) Inflation will come down by December as necessary steps have been taken to remove supply-side bottlenecks, Finance Minister Pranab Mukherjee said here Monday."Current inflation ... Read more...
Posted in Business |
Centre tinkering with federal structure: Modi
October 22nd, 2011 - 7:57 pm ICT by IANS
New Delhi, Oct 22 (IANS) Gujarat Chief Minister Narendra Modi Saturday accused the central government of attempting to tinker with the federal structure of the country and said the ... Read more...
Posted in Politics |
Inflation to fall below 8 percent by fiscal end: Ahluwalia
October 20th, 2011 - 8:01 pm ICT by IANS
New Delhi, Oct 20 (IANS) Inflation in India is being driven by supply side constraints but will come down to lower than 8 percent by this fiscal end, Deputy Chairman ... Read more...
Posted in Business |
Taking high inflation to be normal is dangerous: RBI
August 25th, 2011 - 8:21 pm ICT by IANS
Mumbai, Aug 25 (IANS) The Reserve Bank of India Thursday warned that accepting high inflation as the "new normal" would be dangerous even as it predicted inflation to remain high ... Read more...
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GDP to grow at 8 percent this fiscal, inflation high till September: FICCI
May 30th, 2011 - 6:39 pm ICT by IANS
New Delhi, May 30 (IANS) The Indian economy's growth will moderate to 8 percent this fiscal compared to the 8.6 percent it is estimated to have expanded by in 2010-11, ... Read more...
Posted in Business |
Central bank’s rate hikes may not tame inflation: Economists
January 27th, 2011 - 12:57 pm ICT by IANS
By Mithun Dasgupta
Kolkata, Jan 27 (IANS) With supply side constraints the main reason for the spike in the prices of essential items, the latest hikes in short-term lending and borrowing rates by ... Read more...
Posted in Business |
Pulses, potatoes, milk keep food inflation up
March 11th, 2010 - 2:07 pm ICT by IANS
New Delhi, March 11 (IANS) India's annual food inflation based on wholesale prices stood at 17.81 percent for the week ended Feb 27 mainly on account of higher prices of pulses, ... Read more...
Posted in Business |
Infrastructure bottlenecks main roadblock in Indian industry’s growth
February 25th, 2010 - 3:18 pm ICT by IANS
New Delhi, Feb 25 (IANS) The outlook for Indian industry has brightened for the medium term but infrastructure bottlenecks, particularly in energy and roads, remain the constraining factors for stepping up ... Read more...
Posted in Business |
Ashok Leyland posts marginal growth in net profit
May 8th, 2008 - 9:58 pm ICT by admin
Chennai, May 8 (IANS) Commercial vehicle manufacturer Ashok Leyland Thursday announced that the company posted a net profit of Rs.4.69 billion ($117.3 million) for 2007-08 as compared to Rs.4.41 billion the previous ... Read more...
Posted in Business |
BJP protests against inflation in Jaipur
April 15th, 2008 - 9:28 pm ICT by admin
Jaipur, Apr.15 (ANI): Bharatiya Janata Party (BJP) activists on Tuesday staged a protest here against the failure of the ruling United Progressive Alliance (UPA) Government to curb inflation. Hundreds of party ... Read more...
Posted in South Asia |
Kamal Nath urges states to help control inflation
April 15th, 2008 - 6:32 pm ICT by admin
New Delhi, April 15 (IANS) Commerce and Industry Minister Kamal Nath Tuesday asked state governments to become more "proactive" in controlling inflation by taking action against hoarding to tame rising prices of ... Read more...
Posted in Business |
Inflation forces another meet of government panel Tuesday
April 12th, 2008 - 6:38 pm ICT by admin
New Delhi, April 12 (IANS) The Cabinet Committee on Prices (CCP) is expected to meet Tuesday to discuss measures to further curb rising prices of essential items, including steel, Commerce and Industry ... Read more...
Posted in Business |
Cement export ban not applicable for SEZs: Kamal Nath
April 12th, 2008 - 6:38 pm ICT by admin
New Delhi, April 12 (IANS) A day after the government announced a ban on cement export to arrest prices, Commerce and Industry Minister Kamal Nath said Saturday that it is not applicable ... Read more...
Posted in Business |
India Inc rings caution as inflation hits three-year high
April 4th, 2008 - 9:12 pm ICT by admin
New Delhi, April 4 (IANS) Leading Indian industrialists and businessmen have called for caution as the annual rate of inflation shot up to a three-year high of seven percent for the week ... Read more...
Posted in Business |