subbarao

India’s inflation soars to 7.55 percent in August (Lead)


September 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Sep 14 (IANS) Driven by a sharp increase in food prices, inflation rose to 7.55 percent in August from 6.87 percent in July, government data showed Friday.The more-than-expected ... Read more...

Posted in Business |

Rajiv Gandhi Sadbhavana award for D.R. Mehta


August 4th, 2012 - 10:49 pm ICT by IANS
New Delhi, Aug 4 (IANS) Renowned social worker D.R. Mehta will be presented the 20th Rajiv Gandhi National Sadbhavna Award at a function here Aug 20, it was announced Saturday.Congress ... Read more...

Posted in Politics |

Indian banks need to raise Rs.1.75 trillion capital by 2018: RBI


August 4th, 2012 - 5:44 pm ICT by IANS
Hyderabad, Aug 4 (IANS) Reserve Bank of India Governor D. Subbarao Saturday said the Indian banks will have to raise an additional capital of Rs.1.6 trillion to Rs.1.75 trillion ... Read more...

Posted in Business |

RBI keeps key rates unchanged, cuts SLR by 1 percent (Roundup)


July 31st, 2012 - 9:32 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June saying lowering them would raise inflationary pressure without ... Read more...

Posted in Business |

RBI cuts SLR by 1 percent


July 31st, 2012 - 5:24 pm ICT by IANS
New Delhi, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday announced a reduction in the statutory liquidity ratio (SLR) from 24 percent to 23 percent with effect from ... Read more...

Posted in Business |

RBI keeps key rates unchanged as inflation outlook worsens (Lead)


July 31st, 2012 - 2:41 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering them would raise the inflationary pressure.In ... Read more...

Posted in Business |

New Rs.10 and Rs.50 banknotes soon with rupee symbol


July 19th, 2012 - 2:56 pm ICT by IANS
Mumbai, July 19 (IANS) The Reserve Bank of India (RBI) said Thursday it will soon issue Rs.10 and Rs.50 denomination banknotes incorporating the rupee symbol which was officially adopted in ... Read more...

Posted in Business |

Micro finance institutions: RBI concerned on monitoring deficiences


July 5th, 2012 - 5:43 am ICT by IANS
Chennai, July 4 (IANS) The Reserve Bank of India (RBI) is the regulator for micro finance institutions (MFIs) but there are concerns over whether it has the wherewithal to do ... Read more...

Posted in Business |

Still ‘chasing the monsoon’ to lift India’s fortune


July 2nd, 2012 - 5:58 pm ICT by IANS
New Delhi, July 2 (IANS) No other weather phenomenon, perhaps, captures the attention of Indians as does monsoon, a shortfall of which can not just send the economy reeling, ... Read more...

Posted in Health Science |

Rupee ends at 57.12 after slipping to 57.33 against a dollar (Lead)


June 22nd, 2012 - 7:11 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 to a dollar for ... Read more...

Posted in Business |

Rupee in free fall, slips below 57 against dollar


June 22nd, 2012 - 2:37 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 against a dollar for ... Read more...

Posted in Business |

Rupee slumps to record low of 56.57 against dollar (Lead)


June 21st, 2012 - 4:12 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.57 against a dollar Thursday due to increased demand for the American currency by oil importers and ... 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 |

India’s central bank keeps key lending rates unchanged (Second Lead)


June 18th, 2012 - 1:23 pm ICT by IANS
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase ... Read more...

Posted in Business |

India’s central bank keeps key lending rates unchanged (Lead)


June 18th, 2012 - 1:04 pm ICT by IANS
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase ... Read more...

Posted in Business |

Inflation can’t be curbed without sacrificing growth: RBI governor


June 15th, 2012 - 1:02 am ICT by IANS
Hyderabad, June 14 (IANS) Reserve Bank of India (RBI) governor D. Subbarao Thursday said inflation can't be controlled without sacrificing some growth.Delivering the Obayya memorial lecture here, he said that ... Read more...

Posted in Business |

Geithner to visit India June 27-28 for economic talks


June 12th, 2012 - 6:59 pm ICT by IANS
Washington, June 12 (IANS) Focusing on growing India-US economic ties, US Treasury Secretary Tim Geithner will travel to India June 27-28 for the third annual meeting of the US-India ... Read more...

Posted in World |

Rupee gains for second day as RBI intervenes


May 25th, 2012 - 7:31 pm ICT by IANS
Mumbai/New Delhi, May 25 (IANS) The Indian rupee strengthened for the second day Friday after hitting a record low of 56.40 against a dollar early this week as the ... Read more...

Posted in Business |

Sensex rises 89 points (Lead)


April 18th, 2012 - 5:21 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 89 points or 0.51 percent higher Wednesday, a day after the Reserve Bank of India (RBI) ... Read more...

Posted in Uncategorized |

Sensex rises 100 points in the afternoon trade


April 18th, 2012 - 2:39 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 100 points or 0.58 percent higher Wednesday, a day after the Reserve Bank of India (RBI) ... Read more...

Posted in Business |

India Inc welcomes rate cut (Lead)


April 17th, 2012 - 7:26 pm ICT by IANS
New Delhi, April 17 (IANS) The Indian industry Tuesday welcomed the Reserve Bank of India's (RBI) move to cut some key lending rates by 50 basis points, saying it would ... Read more...

Posted in Business |

Sensex closes 207 points up, banking, realty, auto stocks rally (Roundup)


April 17th, 2012 - 6:56 pm ICT by IANS
Mumbai, April 17 (IANS) A benchmark index for Indian equities markets closed 206.99 points or 1.12 percent higher Tuesday after the Reserve Bank of India (RBI) cut key interest ... Read more...

Posted in Business |

India’s central bank cuts interest rates to spur economy (Roundup)


April 17th, 2012 - 6:35 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy ... Read more...

Posted in Business |

India Inc welcomes rate cut


April 17th, 2012 - 6:07 pm ICT by IANS
New Delhi, April 17 (IANS) Indian industry Tuesday welcomed the Reserve Bank of India's (RBI) move to cut some key lending rates by 50 basis points, citing that it will ... Read more...

Posted in Business |

Sensex rises 102.09 points, banking, realty stocks rally (Lead)


April 17th, 2012 - 4:20 pm ICT by IANS
Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 102.09 points or 0.60 percent higher around 2.00 p.m. Tuesday after the Reserve Bank of India ... Read more...

Posted in Business |

India’s growth pegged at 7.3 percent, inflation at 6.5 percent


April 17th, 2012 - 1:47 pm ICT by IANS
Mumbai, April 17 (IANS) India's central bank has projected the country's economic growth at 7.3 percent this fiscal, even as it has assessed the inflation rate to rule at around ... Read more...

Posted in Business |

Sensex rises 110 points, banking, realty stocks rally


April 17th, 2012 - 1:35 pm ICT by IANS
Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 110 points or 0.64 percent higher around 11.30 a.m. Tuesday after the Reserve Bank of India's ... Read more...

Posted in Business |

India’s central bank cuts rates to push growth (Lead)


April 17th, 2012 - 1:16 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy ... Read more...

Posted in Business |

India’s central bank cuts key rates


April 17th, 2012 - 12:42 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- ... Read more...

Posted in Business |

Mukherjee to visit US to attend IMF-World Bank meeting


April 16th, 2012 - 5:25 pm ICT by IANS
New Delhi, April 16 (IANS) Finance Minister Pranab Mukherjee will be on a four-day official visit to the United States beginning Thursday to attend the annual spring meeting of ... Read more...

Posted in Uncategorized |

2G: Enhancing FDI limit was to encourage foreign investment


April 12th, 2012 - 8:12 pm ICT by IANS
New Delhi, April 12 (IANS) Former telecom secretary D.S. Mathur Thursday told a CBI special court that the object of enhancing Foreign Direct Investment limit was to encourage foreign ... Read more...

Posted in Business |

RBI governor meets Mukherjee ahead of policy review


April 3rd, 2012 - 7:15 pm ICT by IANS
New Delhi, April 3 (IANS) Reserve Bank of India Governor D. Subbarao Tuesday met Finance Minister Pranab Mukherjee to discuss the macro-economic situation, two weeks ahead of the monetary ... Read more...

Posted in Business |

Globalisation double-edged sword for India: Subbarao


March 30th, 2012 - 11:29 pm ICT by IANS
Bangalore, March 30 (IANS) The increasing integration of India with the global economy poses a challenge and opportunity for the country as globalisation is a double-edged sword, Reserve Bank of ... Read more...

Posted in Business |

RBI governor asks for more banks in rural Kashmir


March 21st, 2012 - 11:26 pm ICT by IANS
Jammu, March 21 (IANS) Reserve Bank of India Governor D. Subbarao Wednesday urged the banking community in Jammu and Kashmir to open more banks in rural areas and expand branch ... Read more...

Posted in National |

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