Mumbai: The Reserve Bank today kept interest rates unchanged but unlocked about Rs 40,000 crore of banking funds by cutting the SLR and promised to ease rates if inflation softens at a faster pace.This is
New Delhi: Attributing the present economic woes to a “decade of jobless growth”, Finance Minister Arun Jaitley today underlined the need to contain price rise and hasten economic reforms to boost low-cost manufacturing. “Reviving the
New Delhi: Reserve Bank Governor Raghuram Rajan on Tuesday called on new Finance Minister Arun Jaitley and discussed the prevailing economic situation as well as the issues related to the rise in prices. The meeting, which
New Delhi: Drop in prices of food items, including vegetables, as well as fuel brought down the April inflation to 5.2 per cent, ahead of the RBI's monetary policy review in early next month.The inflation,
New Delhi: Encouraged by declining inflation, Finance Secretary Arvind Mayaram today expressed hope that the trend would continue, but said the government will have to remain cautious about impact of possible deficiency in monsoon.“We are
New Delhi: The Wholesale prices-based inflation in April slowed to a two-month low of 5.20 per cent , helped by a moderation in food and fuel costs. The reading for February WPI inflation was revised
New Delhi: Finance Minister P. Chidambaram Thursday said the “economy has stabilised” and the government is taking steps to curb inflation.Praising the government's efforts to stabilise the economy, Chidambaram said the government is selling food-grains
New Delhi: Foreign brokerage HSBC on Thursday said the uptick in retail inflation in March, coupled with fears of the El Nino factor spoiling the monsoons this year, may result in some hike in policy
New Delhi: The inflation in the food items, based on the wholesale price index (WPI), shot up by 9.9 percent in March as against 8.12 percent in the previous month.The overall WPI inflation, which was
Bikaner: BJP president Rajnath Singh today accused Congress of following a “divide and rule” policy and held them responsible for rising inflation and corruption.“Whenever Congress comes to power, inflation rises and corruption becomes rampant,” he
Mumbai: Primary articles led by food itemshave the highest share in overall price index at a whopping35.7 per cent and are mainly responsible for high inflation,Care Ratings has said in a report.The manufactured items basket,
Mumbai: Under flak from various quarters for raising rates, RBI Governor Raghuram Rajan today said the central bank is committed to the “strongest growth possible” and is on the same page as the Finance Ministry
Mumbai: Despite tail-end buying amid easing of wholesale inflation to seven-month low and firm global cues, the S&P BSE benchmark Sensex continued to rule weak for the third week in a row. The 30-share index
New Delhi: Leader of the Opposition in Delhi Assembly Harsh Vardhan yesterday shot off a letter to Chief Minister Arvind Kejriwal asking him to help the citizens of Delhi get rid of the inflation at
Mumbai: Belying market apprehensions, Reserve Bank Governor Raghuram Rajan today sprang a surprise leaving key rates unchanged to back growth but warned that they may be hiked if inflation does not subside. Rajan's reading of
Mumbai: The benchmark Sensex fell for the fourth straight day today and dropped 210 points on expectations interest rates would be hiked after inflation continued to rise.Rate-sensitive bank stocks suffered the most, sending the BSE
New Delhi: In a double whammy for the government, retail inflation soared to a nine-month high of 11.24 per cent and factory output shrank 1.8 per cent, developments that may prompt the Reserve Bank to
New Delhi: With high inflation being blamed for the defeat of the Congress in assembly elections, the government today said containing spiralling prices was among the top priorities on its agenda, while the Reserve Bank
New Delhi: The services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, an HSBC survey said. The HSBC/Markit Purchasing Managers Index for the
New Delhi: After hitting a four-year low in the first quarter, the economy grew by a higher-than-expected 4.8 per cent in the September quarter on an uptick in agriculture and factory output, although a rise
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