Mark Twain "Apparently there is nothing that cannot happen today."
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Reserve Bank of India, on Monday, made no changes in the key interest rates in its mid-quarterly monetary policy, citing rupee depreciation, higher food inflation and indefinite foreign fund inflows, The repo rate( short-term lending rate) has been retained at 7.25 percent, the lowest since January 2011, while cash reserve ratio is been fixed and continued [...]
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The Finance Minister P Chidambaram on Today said that a lot of people continue to keep faith in the India’s growth story. Chidambaram said during his address to the media that the steps taken by the govt since August have preferred effect on fiscal consolidation and inflation. The Finance Minister P Chidambaram, who seemed to [...]
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After a gap of 9 months, the Reserve Bank of India on Friday cut down the short term lending (repo) rate by 0.25 percent to 7.25 percent and kept the liquidity enhancing cash reserve requirement untouched, disappointing the industry and stock market. This move will surely reduce the cost of home, auto and corporate loans, [...]
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Bankers have reserve requirement to current over tight fluidity situation, and to help stem slide in investments to cut 0.5 per cent, after customary pre-policy meeting bankers placed the reporters that review of elevated provisioning requirements. On May 3, Reserve Bank announced the large view was that it should affect 50bps cut in the Cash [...]
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The government on Friday said it has approved 12 Foreign direct investment (FDI) proposals, including that of pharma firm Claris Otsuka, totalling over Rs 2,609 crore. The Foreign Investment Promotion Board (FIPB), headed by the Arvind Mayaram (Economic Affairs Secretary), also approved Decathlon Sports India’s offer for induction of foreign equity worth Rs 700 crore [...]
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Ahead of the Reserve Bank’s review of monetary policy on coming cheap viagra pills March 19, Prime Minister’s Economic Advisory Council Chairman C Rangarajan on Friday said policy rate cuts by the central bank will depend on inflation movement, among other factors. “It will depend upon how inflation behaves,” Dr. Rangarajan told reporters on the [...]
Just after the day when Reserve Bank Of India made repo rate cut down now Banks are all set to take advantage of this situation. Even it was a statement or we can an plea by our finance minister P Chidambaram that RBI should cut down the repo rates to boom the economy. So by taking all situations as [...]
Now you can feel a bit relief from the high inflation as Reserve Bank of India has made cut down in its rate of interest after 9 months. RBI cut down its short term lending (repo) rate by 0.25 percent to 7.75 percent, a move that will reduce the cost of home, auto and corporate loans. [...]
Though right now the news from the economic center is that Reserve bank of India may soon cut down the repo rate. The main reason why markets and finance ministry are clamoring for the RBI to cut policy rate is the assumption that the move will automatically lead to banks lowering their lending rates. This should for sure [...]
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Well a bad news for all those who expects that taxes are going to be less in year 2014. Today Financial Minister P Chidambaram told that the target for the year 2014 is 4.8%. It simply means that taxes are going to be increased this year. Coming to the budget he said that budget is [...]
