New Delhi, Feb 10: Finance Minister Mr. P Chidambaram has launched an equity scheme called Rajiv Gandhi Equity Savings Scheme, or RGESS, in an attempt to lure new investors to the stock market.Chidambaram said the
Mumbai, Feb 10: The finance ministry today ruled out more market borrowings during the remaining period of the fiscal saying it will stick to 5.3 per cent fiscal deficit target."We will not go into the
New Delhi, Feb 8: Country's foodgrain production is estimated to decline by 3.5% to 250.14 million tonne in 2012-13 crop year as poor rains have hit rice and coarse cereal crops, but the government said
New Delhi, Feb 8: Worried over the declining economic growth, India Inc today asked the Government to take steps in the Budget to boost investment sentiment and give a thrust to flagging growth.According to the
Guwahati, Feb 7: Reserve Bank on Thursday said it will take into account decelerating growth and Finance Ministry's fiscal consolidation efforts in the forthcoming budget before formulating its monetary policy review next month."We have taken
New Delhi, Feb 7: India's economic growth rate this fiscal is estimated to be sharply lower at 5 per cent, lowest in a decade, on account of poor performance of manufacturing, agriculture and services sector.This
New Delhi, Feb 4: To give boost to the affordable housing, the Union Ministry of Housing has decided to ask the Finance Ministry to give infrastructure status to the segment in the upcoming Budget."In order
New Delhi, Feb 4: In a growing sign of companies facing difficulties in meeting their financial obligations, banks were approached for debt restructuring in a record 126 cases during 2012 for a collective amount of
New Delhi, Feb 3: Freebies and subsidies alone would not help in economic development and youth should seek self-employment, Union Finance Minister P Chidambaram said on Sunday."If a country needs to grow, its people stand
New Delhi, Feb 3: In order to check black money and tax evasion, an online data bank is being setup by the Finance Ministry for effective coordination and dissemination of various inputs pertaining to illegal
Washington, Feb 3: US President Barack Obama says 2013 can be a year of solid economic growth, but only if Washington gets out of the way.In his weekly radio and Internet address, Obama says there
New Delhi, Feb 1: Diesel prices will be hiked by 40-50 paise per litre every month till losses on the nation's most used fuel are completly wiped out, Oil Minister M Veerappa Moily said on
New Delhi, Jan 31: Government on Thursday revised downward the economic growth for fiscal 2011-12 to 6.2 per cent from the earlier estimate of 6.5 per cent.However, as per the first revised estimates of National
New Delhi, Jan 31: Largest private sector lender the Chanda Kochhar-led ICICI Bank on Thursday reported a 30 per cent jump in standalone net profit at Rs 2,250 crore in the December quarter against Rs
Washington, Jan 31: The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defence spending in 40 years, fewer exports and sluggish growth in
New Delhi, Jan 29: Shedding its 9-month long hawkish monetary policy stance, the Reserve Bank on Tuesday slashed its key interest rates by 0.25 per cent and released Rs. 18,000 crore additional liquidity into the
Frankfurt, Jan 29: Assuring India's commitment to pursue economic reforms, Finance Minister P. Chidambaram has said the government will cut fiscal and current account deficits to help economy return to the 8 per cent growth
New Delhi, Jan 29: Shedding its 9-month long hawkish monetary policy stance, the Reserve Bank on Tuesday slashed its key interest rates by 0.25 per cent and released Rs 18,000 crore additional liquidity into the
Mumbai, Jan 29: An Interest rate cut is widely expected in the Reserve Bank of India (RBI)'s third quarter review of credit and monetary policy for the financial year 2012-13 on Tuesday after the government
New Delhi, Jan 28: Citing high inflation and widening Current Account Deficit (CAD) as big constraints, Reserve Bank of India (RBI) today said there is limited scope for monetary actions like interest rate cut to
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