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Posted: September 7th, 2011, 6:12am EDT
Finance Minister Pranab Mukherjee on Wednesday said high inflation in India is caused due to certain unfavourable policies.
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Posted: September 7th, 2011, 2:17am EDT
Domestic inflation is partly fuelled by the policy actions in developed countries, Finance Minister Pranab Mukherjee said on Wednesday.
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Posted: September 6th, 2011, 10:09am EDT
Global commodity prices continue to remain high and this has resulted in continuation of inflationary pressure.
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Posted: September 6th, 2011, 9:00am EDT
RBI is committed to bringing down CRR and statutory liquidity ratio (SLR) in a "calibrated manner" to increase availability of credit.
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Posted: September 6th, 2011, 6:28am EDT
UNCTAD report states global economic growth is estimated to slow down to 3.1 % in the current year from 3.9% in 2010.
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Posted: September 6th, 2011, 2:39am EDT
RBI governor Duvvuri Subbarao said on Tuesday that the key rates (repo and reverse repo) need to come down, but gradually.
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Posted: September 5th, 2011, 6:37pm EDT
India's services sector growth fell to its lowest in more than two years in August, mirroring the softness in manufacturing output and lock in step with the weakening trend across the world.
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Posted: September 5th, 2011, 9:04am EDT
Moody's has pegged India's growth at 7.5 - 8%, saying that higher interest rates as well could affect the country's economic expansion.
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Posted: September 5th, 2011, 6:02am EDT
High annual deficits and a significant interest burden hampers fiscal flexibility to respond to future shocks.
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Posted: September 5th, 2011, 2:19am EDT
The Finance Minister hoped that the double digit food inflation of 10 percent would come down soon after passing of seasonal factors of commodities.
