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Fertiliser subsidy may come down below Rs 1,00,000-cr level
Fetched: October 12th, 2008, 10:43am EDT
Fertiliser subsidy, estimated at Rs 1,20,000 crore in the current fiscal, is likely to come down below Rs 1,00,000 crore owing to fall in prices of major nutrients like nitrogen and phosphate in global market. -
Govt should cut corp tax: FICCI
Fetched: October 12th, 2008, 10:43am EDT
FICCI has asked the government to cut the rate of corporate tax to the level in the competing countries like China and encourage exports of manufacturing goods. -
World Bank launches new fund to help emerging countries
Fetched: October 12th, 2008, 1:50am EDT
As wealthy nations deal with their own struggling economies, the World Bank launched a new fund on Saturday to help emerging countries trade lessons amongst themselves. -
Great Indian bailout for cash-strapped markets
Fetched: October 12th, 2008, 1:50am EDT
A ban on short-selling is also being considered as a way of curbing the markets' bearish sentiments. FMPs good option I Volatile market: Go for value picks
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Chidambaram cancels Washington visit
Fetched: October 10th, 2008, 10:42pm EDT
Finance Minister P Chidambaram tonight cancelled his visit to Washington for attending the Fall meeting of the World Bank and IMF on Monday. -
ICICI credit profiles are fine: S&P
Fetched: October 10th, 2008, 10:42pm EDT
Indian bank ICICI's exposure to the creidt crisis is likely to hurt its profits but will not dent its credit profile, rating agency Standard & Poor's said on Friday after a sharp drop in the bank's share price. -
Indian banks' exposure to Lehman not significant: RBI
Fetched: October 10th, 2008, 10:42pm EDT
Most of Indian banks' exposures are to those Lehman Brothers' subsidiaries which have not filed for bankruptcy, the Reserve Bank has said. -
Financial crisis may pressure interest rates in India: RBI
Fetched: October 10th, 2008, 10:42pm EDT
This week alone, RBI has announced a 1.5-per cent cut in mandatory deposits that banks keep with the central bank, raising expectations of reduction in interest rates by banks. -
CRR cut is a welcome step: Chanda Kochhar
Fetched: October 10th, 2008, 10:42pm EDT
The CFO and Joint Managing Director of ICICI bank, Chanda Kochhar has welcomed the move by RBI to cut CRR by 150 basis points. -
Liquidity main problem, will act swiftly: FM
Fetched: October 10th, 2008, 10:42pm EDT
Finance Minister P Chidambaram on Friday promised to address liquidity and other concerns of the economy.