India growth rate to touch 8% by 2017, says World Bank
Apr 15, 2015 at 08:45 | Source:
Washington: The World Bank has predicted aGDP growth rate of 8 per cent for India by 2017 and said thata strong expansion in the country, coupled with favourable oilprices, would accelerate the economic growth in South Asia.In India, GDP growth is ex...
Feb IIP: Don't uncork the bubbly; output in March may yet be a shocker
Apr 13, 2015 at 17:21 | Source:
If you are busy celebrating the spike in the Index of Industrial Production (IIP), which unexpectedly jumped by a perky 5 percent in February, dont run to uncork the bubbly. You could be in for a shock in March. It will require herculean efforts to g...
Live: RBI may keep rates unchanged; markets choppy ahead of policy review
Apr 07, 2015 at 10:31 | Source:
RBI may keep rates unchanged; markets choppy ahead of policy review10:30 am The Reserve Bank of India (RBI) is expected to keep its benchmark interest rate on hold at 7.50 percent at a policy review on Tuesday, while signalling that it could act swif...
India may delay oil company share sales, threatening fund-raising target
Apr 02, 2015 at 19:58 | Source:
New Delhi: India is likely to delay share sales in state-run oil firms ONGC and Indian Oil Corp by up to six months as low crude oil prices have hit their value, denting the chances of raising about $11 billion from such sales this financial year, tw...
Spectrum auction ends: Govt raises record Rs 1.10 lakh cr
Mar 26, 2015 at 10:27 | Source:
India raised a record $17.6 billion ( Rs 1.10 lakh cr) from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, telecoms minister Ravi Shankar Prasad said on Wednesday.Prasad said the government...
India raises record $17.6 billion from telecom airwaves auction
Mar 25, 2015 at 23:15 | Source:
MUMBAI (Reuters) - India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, telecoms minister Ravi Shankar Prasad said on Wednesday.Prasad said the government r...
Govt has drawn list of PSUs for strategic sale: Arun Jaitley
Mar 25, 2015 at 21:40 | Source:
New Delhi: Finance Minister Arun Jaitley on Wednesday said the government has drawn a list of state-owned companies which will be put on block for strategic sale."A list has been drawn," he said in response to a question on the Budget propo...
Brazil's leader committed to austerity with social focus
Mar 25, 2015 at 04:31 | Source:
BRASILIA (Reuters) - Brazilian President Dilma Rousseff said on Tuesday her government is firmly committed to fiscal adjustment but will not sacrifice social programs to balance its overdrawn public accounts."The government knows that the adjust...
Govt to borrow $57.83 bln in H1 of 2015/16
Mar 24, 2015 at 00:45 | Source:
NEW DELHI (Reuters) - The government will borrow 3.60 trillion rupees ($57.83 billion) in the first-half of the fiscal year that begins in April, Finance Secretary Rajeev Mehrishi said on Monday.The amount borrowed in April-September would be 66.7 pe...
Finance ministry frontloads FY16 borrowing; RBI says huge supply of bonds
Mar 23, 2015 at 22:36 | Source:
New Delhi: As they scotch murmurs of their 'differences' over public debt management, the government today frontloaded its market borrowing for next fiscal with plans to raise Rs 3.6 lakh crore in the first half, even as RBI voiced concern over a &qu...
Mobile carriers stare at costly victory as bandwidth sale ends
Mar 19, 2015 at 01:30 | Source:
MUMBAI (Reuters) - Cellphone operators are snatching up precious bandwidth in a government sale, paying top dollar for spectrum to roll out high-speed coverage across India. The fear among investors is that the companies' balance sheets may now be un...
Greece must implement structural reforms - Lagarde
Mar 17, 2015 at 01:30 | Source:
NEW DELHI (Reuters) - Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently ne...
Brazil government backers take to streets ahead of Sunday protests
Mar 14, 2015 at 07:46 | Source:
RIO DE JANEIRO (Reuters) - Pro-government labour unions and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration.The leftist leader is ...