Brexit: RBI governor Rajan says India will overcome the impact
Jun 24, 2016, at 06:15 pm
Basil, Switzerland, June 24 (IBNS): Reserve Bank of India (RBI) Governor Raghuram G Rajan on Friday said India will survive the impact of Brexit or Britain exiting from the European Union owing to its strong fundamentals and sizeable foreign reserves.
Budget has provided a strong growth direction to the Indian economy: Yes Bank CEO
Feb 29, 2016, at 09:08 pm
New Delhi, Feb 29 (IBNS); Welcoming the Union Budget, Rana Kapoor, MD & CEO, YES Bank, on Monday said it will give a strong direction towards growth to the Indian economy.
RBI keeps key rates on hold at 6.75 pc
Feb 02, 2016, at 07:05 pm
Mumbai, Feb 2 (IBNS): With the annual general budget awaited end of the month, on expected lines the Reserve Bank of India (RBI) kept its policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per cent, announced RBI Governor Raghuram G. Rajan on Tuesday.
RBI keeps key rates unchanged at 6.75 pc
Feb 02, 2016, at 04:57 pm
Mumbai, Feb 2 (IBNS) On expected lines, the Reserve Bank of India (RBI) kept its policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per cent, announced RBI Governor Raghuram G. Rajan on Tuesday.
Retail inflation moved up to 5.61 pct in December
Jan 12, 2016, at 11:58 pm
New Delhi, Jan 12 (IBNS) India's retail inflation accelerated to 5.61 per cent for the month of December, governement data released on Tuesday said.
Indian economy is doing better now: Modi
Nov 06, 2015, at 10:49 pm
New Delhi, Nov 6 (IBNS): Prime Minister Narendra Modi on Friday said Indian economy is performing better than the time his government came to power in 2014.
WEF calls India as a 'bright spot' among larger emerging markets
Sep 30, 2015, at 10:26 pm
New York, Sept 30 (IBNS): The World Economic Forum has termed Indian and South Africa as the 'bright spots' in the larger emerging markets in its The Global Competitiveness Report 2015-2016 released on Wednesday.
WPI-based inflation touches (-)4.95%
Sep 14, 2015, at 08:18 pm
New Delhi, Sept 14 (IBNS) Inflation touched a significant low figure of (-)4.95% in August, official government data released on Monday said.
India among bright spots in otherwise gloomy global economy: President Pranab Mukherjee
Sep 04, 2015, at 12:46 am
New Delhi, Sept 3 (IBNS) President of India Shri Pranab Mukherjee has complimented Engineering Export Promotion Council of India(EEPC India) for a glorious 60 years of its existence.
Indian market ends in red, Sensex drops by nearly 600 points
Sep 01, 2015, at 10:03 pm
Mumbai, Sept 1 (IBNS) The Sensex dropped by nearly 600 points as the Indian market closed in the red on Tuesday.
Infrastructure sector growth slows to three-month low
Sep 01, 2015, at 02:19 am
New Delhi, Aug 31 (IBNS) India's infrastructure sector growth slowed to 3-month low of 1.1% in July, government data released on Monday released.
Infrastructure growth leads to economic recovery: Economic Survey
Feb 27, 2015, at 07:57 pm
New Delhi, Feb 27 (IBNS): The Index of Industrial Production (IIP) suggests that industrial sector is recovering slowly with a 2.1 per cent in April - December 2014-15 over the 0.1 per cent in the same period last year.
Government remains committed to fiscal consolidation; Economic Survey
Feb 27, 2015, at 07:56 pm
New Delhi, Feb 27 (IBNS): The Government remains committed to fiscal consolidation. The Economic Survey 2014-15 presented in Parliament Friday states that the deficit target of 4.1% as envisaged in the Budget 2014-15 will be met.
India's National Solar Mission scaled up five fold: Economic Survey
Feb 27, 2015, at 07:55 pm
New Delhi, Feb 27 (IBNS): The Economic Survey 2014-15 presented in the Parliament Friday says that India has made considerable progress in tackling climate change issues.
India needs to create additional Fiscal Space: Economic Survey 2014 - 15
Feb 27, 2015, at 07:54 pm
New Delhi, Feb 27 (IBNS): India needs to create additional fiscal space in order to ensure macro stability and to create buffers for future economic downturns, says the Economic Survey, tabled in Parliament by the Union Finance Minister, Arun Jaitley here Friday.
Create National Common Market in Agricultural Commodities: Economic Survey
Feb 27, 2015, at 07:53 pm
New Delhi, Feb 27 (IBNS): The Economic Survey 2014-15 tabled in Parliament emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth.
Revive public investment to improve investment climate: Economic Survey 2014-15
Feb 27, 2015, at 07:53 pm
New Delhi, Feb 27 (IBNS):To improve the investment climate and reduce the backlog of stalled projects, Economic Survey 2014 – 15, tabled by the Union Finance Minister Arun Jaitley in the Parliament Friday, argues for a three-pronged strategy:
Liquidity conditions balanced: Economic Survey
Feb 27, 2015, at 07:52 pm
New Delhi, Feb 27 (IBNS): Economic Survey 2014- 15 tabled in Parliament on Friday states that liquidity conditions (money supply) have remained broadly balanced during 2014-2015 except for some temporary tight conditions due to delayed government expenditure.
Feb 27, 2015, at 07:51 pm
New Delhi, Feb 27 (IBNS):The Economic Survey 2014-15 has acknowledged that the Food Subsidy Bill has increased substantially in the past few years putting a severe strain on the public exchequer.
Improvement in Female Literacy in India, says Economic Survey
Feb 27, 2015, at 07:50 pm
New Delhi, Feb 27 (IBNS):There has been a marked improvement in female literacy as per Census 2011, according to the Economic Survey 2014-15 presented in Parliament on Friday.
Double-Digit Economic Growth Trajectory now a possibility: Economic Survey
Feb 27, 2015, at 07:50 pm
New Delhi, Feb 27 (IBNS) Indian Economy is looking up with brighter prospects amongst the world’s major economies, said the Economic Survey 2014-15 presented by Union Finance Minister Arun Jaitley to the Parliament Friday indicating that a clear political mandate for reform and a benign external environment now is expected to propel India on to a double digit trajectory.
From Carbon Subsidy to Carbon Tax: India's Green Actions
Feb 27, 2015, at 07:49 pm
New Delhi, Feb 27 (IBNS) :Economic Survey 2014-15 tabled in Parliament acknowledges the green actions taken by India, including imposing significantly higher taxation of petroleum products and thereby re-energizing the renewable energy sector. India shifted from a carbon subsidization regime to one of significant carbon taxation regime, from a negative price to an implicit positive price on carbon emissions.
Economic Survey emphasizes need to improve agricultural productivity
Feb 27, 2015, at 07:42 pm
New Delhi, Feb 27 (IBNS): The Economic Survey 2014-15 states that as per the 2nd Advance Estimates, total Foodgrains production in the country is estimated at 257.07 million tonnes during 2014-15.
Measures to control food inflation, decline in crude prices result in declining trend in inflation
Feb 27, 2015, at 07:41 pm
New Delhi, Feb 27 (IBNS): The year 2014-15 (April-December) witnessed a substantial decline in inflation.
Economic Survey calls for 'Make in India' and 'Skilling India' balance
Feb 27, 2015, at 07:11 pm
New Delhi, Feb 27 (IBNS) The Economic Survey 2014-15 tabled in Parliament discusses the "Make in India" as the flagship initiative and a key policy objective of the new government.
RBI surprises with repo rate cut by 25 basic points
Jan 15, 2015, at 04:48 pm
Mumbai, Jan 15 (IBNS): With inflation showing signs of easing, the Reserve Bank of India (RBI) on Thursday reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect.
RBI Deputy Governor hints at rate cuts
Dec 10, 2014, at 10:34 pm
Kolkata, Dec 10 (IBNS): With the oil prices coming down and food prices under control, Reserve Bank of India (RBI) deputy governor S S Mundra hinted the possibility of interest rates cut in the near future.
RBI keeps key rates unchanged, may cut early Jan
Dec 02, 2014, at 06:47 pm
Mumbai, Dec 2 (IBNS) The Reserve Bank of India (RBI) on Tuesday kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent, but said if the current inflation momentum and changes in inflationary expectations continue, and fiscal developments are encouraging, a change in the monetary policy stance is likely early next year, including outside the policy review cycle..