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ICICI welcomes steps to ease credit squeeze
Fetched: October 11th, 2008, 7:58am EDT
Private sector bank ICICI has welcomed the Reserve Bank of India's (RBI) measures to ease the credit squeeze. -
India can weather financial storm: FM
Fetched: October 11th, 2008, 7:58am EDT
Finance Minister P Chidambaram expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country's economic fundamentals and the banking system were strong -
Deposits in banks safe; no reason for anxiety: RBI Governor
Fetched: October 11th, 2008, 7:58am EDT
Assuring depositors that their money was safe in banks, Reserve Bank of India Governor D Subbarao today said the central bank was geared to inject more liquidity into the country's financial system. -
India doing well in export sector: Official
Fetched: October 11th, 2008, 7:58am EDT
India was doing well in the export sector and would undoubtedly achieve its target set in the sector for the 2008-09 fiscal. -
Appropriate measures in place over financial crisis: Mukherjee
Fetched: October 11th, 2008, 7:58am EDT
India on Saturday said it was too early to figure out what would be the "adverse impact" of the US financial turmoil on its economy, but insisted that it had already put in place "appropriate measures" addressing the crisis. -
Is the economy heading for recession?
Fetched: October 11th, 2008, 7:58am EDT
Industrial growth in August plummeted to just 1.3% raising doubts about whether the economy could achieve even 7.5% growth. -
Developing countries worried about growth prospect
Fetched: October 10th, 2008, 10:42pm EDT
Developing countries warned that the deepening global financial crisis could dampen their growth prospects. -
IIP down to a crawl, core takes big hit
Fetched: October 10th, 2008, 10:42pm EDT
India’s industrial growth plummeted to a decade’s low of 1.3% in August 2008, driven by a dramatic fall in manufacturing. -
Oil dives to $78, recovers to $81
Fetched: October 10th, 2008, 10:42pm EDT
Oil pared losses on Friday after a fall of more than $7 to below $80 a barrel for the first time in a year. -
IIP down, but macro picture is bright
Fetched: October 10th, 2008, 10:42pm EDT
High input costs and interest rates may have slackened the pace of growth in industrial output. But economists are still not willing to write off the India growth story.