New Delhi, May 6: There is no housing price bubble building up in India, said Reserve Bank of India (RBI) Governor Duvvuri Subbarao.Earlier, the RBI trimmed the repo rate to 7.25 percent, its lowest since
Mumbai, May 6: The government aims to bring down current account deficit (CAD) to about 2.5 per cent of the GDP by March 2017, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said."..current account deficit,
New Delhi, May 6: Global agency Standard & Poor's has ruled out rating upgrade for India."...a rating upgrade at this point is not on the cards," said Elena Okorochenko, S&P Managing director (Sovereign and international
New Delhi, May 5: The Reserve Bank is not likely to go for further monetary easing in its June 17 policy meet due to upside risks on inflation and current account deficit in the near
New Delhi, May 5: Amid growing risks of staff-driven security threats and corporate frauds, companies have begun conducting regulatory, compliance and criminal record checks of people seeking jobs with them and are also scanning the
New Delhi, May 3: Chief economic advisor Raghuram Rajan on Friday said the government is examining all possibility of raising foreign direct investment ceiling in various sectors to help increase inflows and prop up economic
New Delhi, May 3: The Reserve Bank on Friday announced three changes to the priority sector lending (PSL) norms and more than doubled the limit for the Micro Small and Medium Enterprises (MSME) advances to
New Delhi, May 3: Amid a steep fall in gold prices recently and the resultant risks to the system, the RBI on Friday further tightened screws on gold loans by banks, restricting them to finance
New Delhi, May 3: Describing high Current Account Deficit (CAD) as the biggest risk to Indian economy, the RBI on Friday said any further deterioration of CAD could result in its policy reversal stance.“The biggest
Mumbai, May 3: Sticking to its cautious stance, the Reserve Bank on Friday cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement
Mumbai, May 3: Striking a hawkish tone, RBI has said the scope for reducing interest rate is limited in view of high retail inflation and current account deficit (CAD) even as India Inc clamours for
New Delhi, April 30: World Bank on Tuesday scaled down India's growth forecast to 6.1 per cent for the current fiscal from 7 per cent projected six months ago.The decline in the growth forecast is
New Delhi, April 29: The government has pinned much hope on the Companies Bill, which is pending in Parliament, to check investors and small-time depositors from being duped by enterprises or individuals.“There are provisions in
New Delhi, April 29: Indicating that India's declining growth has bottomed out, International Monetary Fund (IMF) today said the country's gross domestic product (GDP) is likely to improve to 5.7 per cent in 2013 and
New Delhi, April 28: Overseas investors pumped $823 million into the stock markets in the month of April, taking the total investment tally to over $11 billion in 2013 so far.Foreign institutional investors (FIIs) infused
New Delhi, April 24: Finance minister P Chidambaram on Wednesday assured the investors that he has drawn red lines and the fiscal deficit will be below the 4.8 per cent mark in 2013-14."A number of
New Delhi, Apr 24: Committing to carry forward the economic reforms programme in the remaining term of UPA-II, Finance Minister P Chidambaram today said the government will take more executive actions in the next two
London, April 22: Mukesh and Anil Ambani, India's leading industrialist brothers, have been together listed as 20th richest in the world in the Sunday Times Rich List 2013.The brothers, who have separate industrial empire in
New Delhi, April 22: The dramatic drop in domestic and international gold prices over the past 10 days has made investors confused and worried over the future of the precious yellow metal. The price decline
Washington, April 20 : India remains the largest recipient of global remittances in the world, receiving $69 billion in 2012, the World Bank said Friday as it launched a new initiative on migration issues.Envisioned as
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