RBI likely to tighten accounting policy of banks
The Economic Times, 31 March 2010
RBI may tighten the accounting policy of banks’ treasury operations, a move that may reduce profits shown by banks from the treasury division even when markets are volatile. More…
Opportunity for exporters lies in developing mkts:
The Financial Express, 27 March 2010
Interview – Jyotiraditya Scindia More…
Rate hike expectations rise after RBI’s Friday move: Poll
Reuters, 23 March 2010
The Reserve Bank of India (RBI) is likely to increase policy interest rates to a slightly higher level this year than earlier expected after surprising markets late on Friday with a 25-basis-point rise, a new poll showed on Monday. More…
Subbarao Begins India Battle to Contain Inflation
Bloomberg, 22 March 2010
India central bank Governor Duvvuri Subbarao may add to his first interest rate increase since the end of the global recession after falling in danger of being judged too slow to contain accelerating consumer prices. More…
Govt to offer coupons to poor for buying essential food
The Economic Times, 22 March 2010
For the first time, the Centre has decided to introduce a system of direct subsidies for the poor. Towards this, the government is working to offer coupons to the poor for buying essential food items at market price in a bid to reduce black marketing and plug leakages in the public distribution system (PDS). More…
RBI deputy says inflation may fall
Reuters, 22 March 2010
India’s wholesale price index-based inflation may fall on a likely easing of food and oil prices, a Reserve Bank of India (RBI) deputy governor said on Monday. More…
Govt to decide on FY11 H1 borrowing on March 29
Business Standard, 22 March 2010
Finance ministry and Reserve Bank of India officials will meet in New Delhi on March 29 to decide on the borrowing for the first half of fiscal year 2010/11, a RBI deputy governor said on Monday. More…
Central Bank in India Raises Interest Rates
BLOOMBERG, 19 March 2010
India’s central bank unexpectedly raised interest rates on Friday for the first time in almost two years and said that with inflation at a 16-month high, the need to control prices was “imperative.” More…
RBI open to action ahead of policy
The Economic Times, 19 March 2010
The Reserve Bank of India could raise key interest rates ahead of its monetary policy review on April 20 if the price situation continued to deteriorate, a deputy governor of the apex bank said in the capital on Thursday. More…
India can grow at 9% on sustained basis: Rangarajan
PTI, 18 March 2010
Prime Minister’s economic adviser C Rangarajan today said India can grow at 9 per cent on sustained basis, even as he expressed concern over inflation nearing double-digit mark. More…
China exchange rate policy a concern-India minister
Reuters, 18 March 2010
A top Indian official expressed concern on Thursday about China’s exchange rate policy, which he said created problems for Indian exporters. More…
Coupon system for subsidy mooted
The Financial Express, 17 March 2010
Rajya Sabha MP NK Singh on Tuesday suggested the government to implement a coupon system for providing subsidy to poor, early implementation of the Kirit Parikh committee recommendations on the petroleum sector and rationalisation of the labour laws for to boost growth. More…
Tough norms for aviation FDI?
The Economic Times, 17 March 2010
Global biggies willing to take the 100% automatic foreign direct investment (FDI) route in strategic aviation areas like airports, helicopters and seaplanes may soon have to pass through stringent background and security checks. More…
Inflation will reach double digits before cooling: FM
Business Standard, 17 March 2010
Raising the spectre of inflation for the first time after the Budget, Finance Minister Pranab Mukherjee today admitted inflation was likely to reach the double-digit mark before cooling down. More…
Inflation touches 16-month high of 9.89%
Business Standard, 16 March 2010
The headline inflation rate, as measured by the wholesale price index (WPI), touched a 16-month high of 9.89 per cent in February and is certain to be in double digits on a point-on-point basis in March. More…
Financial inclusion key to new bank licence: RBI
The Economic Times, 16 March 2010
Financial inclusion will continue to be an important factor for RBI before issuing bank licences. In whatever capacity, financial inclusion will be an important criteria for new licences. More…
Govt may provide more sops to exporters
The Financial Express, 15 March 2010
The government is likely to provide more incentives to labour-intensive sectors such as textiles, leather and engineering goods that were affected badly by the global slump in demand. More…
PSUs in Bihar serving no purpose: Survey
The Financial Express, 15 March 2010
Public sector enterprises in Bihar have become white elephants and a big drain on the exchequer, says a survey. More…
National finances don’t allow rollback of fuel prices: Deora
The Economic Times, 13 March 2010
Petroleum Minister Murli Deora on Sarturday said in Jaipur that the country should stop talking about rolling back the fuel price hike as the nation’s financial condition does not allow that to do so. More…
New FICCI chief against hike in interest rates
The Economic Times, 08 March 2010
There’s no room for hardening of interest rates and the Reserve Bank of India should maintain status quo on the rates to allow the industry to make fresh investments, Rajan Bharti Mittal, newly elected president of industry body FICCI said. More…
Inflation series with new base yr from May 14
The Financial Express, 07 March 2010
Items like type writers and VCRs would soon be moving out making way for mobile phones and LCD TVs to be included in the new wholesale price-based index for measuring inflation which would be rolled out from May 14. More…
Centre to pump in Rs 35,000 crore into PSU banks over two years
The Economic Times, 05 March 2010
The government has chalked out a two-year plan to infuse around Rs 35,000 crore of capital in public sector banks to enable them to meet the economy’s credit requirement. More…
Growth and inclusive development
Business Line, 05 March 2010
The Budget and related documents have been in the public domain too briefly for an in-depth analysis. More…
Govt to consider exports of grains: Pawar
The Financial Express, 04 March 2010
India, sitting on a huge stockpile of grains, will soon discuss lifting a ban on exports of wheat and common grades of rice, the agriculture minister said on Thursday. More…
Govt approves fuel linkage for eleven thermal power projects
The Hindu, 04 March 2010
The government is believed to have approved fuel linkage for eleven thermal power projects of NTPC and Damodar Valley Corporation totalling an investment of over Rs 29,000 crore. More…
Food inflation rises to 17.87% y-o-y on February 20: Government
The Economic Times, 04 March 2010
India’s food price index rose 17.87 percent in the 12 months to Feb. 20, while the fuel price index was up 9.59 percent, the government said on Thursday. More…
April-Jan fiscal deficit soars 34 pct
The Financial Express, 02 March 2010
Fiscal deficit soared by 34 per cent to Rs 3.5 lakh crore in the first ten months of the financial year against Rs 2.62 lakh crore a year ago, mainly on account of the stimulus measures taken by the Government to prop up the economy hit by the global financial crisis. More…
Services sector grew fastest in 17 months in February: HSBC
The Economic Times, 3 March 2010
Business activity among Indian service companies grew at its fastest pace in 17 months in February, climbing for the third straight month as both output and new orders increased, a survey showed. More…
Jan exports up 11.5 per cent at $14.3 bn
The Financial Express, 02 March 2010
India’s exports rose an annual 11.5 per cent in January to $14.3 billion, the third consecutive rise after 13 straight months of decline, the government said on Tuesday. More…