M Rajkumar N Dhoot President of ASSOCHAM said that as the inflation is at its 10 month low, it is time the Reserve Bank of India took measures to ensure that the interest rates are reduced irrespective of tools it may choose to use. Mr ...
Tags: Metallurgy, Mineral, Energy, bank
Commenting on the RBI decision to maintain status quo on CRR and policy rates,Ms Naina Lal Kidwai President of FICCI said that"While disappointing,the status quo is as was widely expected.The recent moderation in inflation ...
Entering in the penultimate year before the general elections in 2014 aspirations are soaring high about an imminent policy push by the government to kindle growth and demand in economy. Even the year is expected to end on a dour note ...
Tags: penultimate year, economy, India, Steel
PTI reported that corporate entities interested in setting up new banks including Reliance Capital and Religare have begun doing the groundwork after a key Bill was passed in the Lok Sabha last evening. In a major step to reform India's ...
Tags: bank, reform, Banking Laws Bill, RBI
RBI in its Mid-Quarter Monetary Policy Review: December 2012, made no significant changes today, with cash reserve ratio (CRR) of scheduled banks unchanged at 4.25 per Cent. Consequently, the reverse repo rate under the LAF unchanged at 7.0 ...
Tags: significant changes, marginal standing facility, garment Industry
It would offer Airtel's customers the ability to make retail payments and do basic banking using their mobile phones and Airtel's network. You've heard Samua Munda's story before. He's a migrant laborer in Mumbai, who hails from Harubeda, ...
Tags: Airtelm, retail payments, basic banking, mobile phones, Airtel's network
India's first credit information company, CIBIL, also becomes the first to provide market analytics to financial institutions on a SaaS model. It was by the beginning of the new millennium and the India Shining story was just about to get ...
The President of Tirupur Exporters Association(TEA)has expressed disappointment with the RBI's latest monetary policy review. Dr.A.Sakthivel,President,TEA said he was disappointed with the RBI's Mid Quarter Monetary Policy Review as there ...
Tags: RBI Monetary Policy, RBI, Dr.A.Sakthivel, Pressure
Financial Express cited Mr C Rangarajan Prime Minister's Economic Advisory Council chairman as saying that the economy is expected to grow at 5.5% to 6% in the current fiscal and the next year will see a better rate of expansion. Mr ...
Following the go ahead by the Reserve Bank, banks have begun restructuring the loans worth around INR 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines. The Goa Chamber of Commerce and ...
Tags: mining sector, iron ore miners, Loan servicing, Mining
ccdirector & group CFO of JSPL said that a number of companies are coming out with initial public offers but, JSPL at the moment does not have any plans to list Jindal Power in the near term. He added that they have provided all the ...
Tags: JSPL, Jindal Power, mining operation, mining
Stating that the worst is over for the Indian economy, financial major Citigroup said the country is likely to clock a growth rate of 5.4% in 2012-13 fiscal year. Citigroup in a research report said that "Going forward, while we maintain ...
Tags: indian economy, fiscal year, GDP
45 Infrastructure Sector CEOs gathered under the auspices of Confederation of Indian Industry in New Delhi to interact with Dr Montek Singh Ahluwalia deputy chairman of Planning Commission and discuss issues facing the private sector in the ...
Tags: government, government of india, investment risks, india news
PTI reported that India and Japan recently signed a currency swap agreement for up to USD 15 billion to address short term liquidity problems. The bilateral swap arrangement between the Reserve Bank of India and the Bank of Japan enables ...
Tags: swap agreement, Reserve Bank of India, Bank of Japan, PTI
PTI reported that the Asian Development Bank recently cut India's growth forecast to 5.4% in 2012-13 fiscal, barely 2 months after it had made a projection of 5.6% growth for the Asia's third largest economy. ADB in its Supplement to the ...
Tags: growth forecast, growth estimates, agricultural production