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No disconnect with RBI, government often consults central bank, says Jaitley

Mar 22, 2015 at 18:51 | Source: FirstPost

New Delhi: Scotching murmurs of differences between the government and the RBI over regulation of money market, Finance Minister Arun Jaitley today said there is no 'disconnect' between the two and hoped banks would follow the central bank in reducin...

Top India economic forecasters see no repeat of 2013 sell-off - Reuters poll

Mar 20, 2015 at 00:30 | Source: FirstPost

BENGALURU (Reuters) - India's economy is in much better shape to weather tighter U.S. monetary policy than it was two years ago, according to the economics team from ICICI Securities PD, the most accurate forecasters on Indian economic data in Reuter...

Mobile carriers stare at costly victory as bandwidth sale ends

Mar 19, 2015 at 01:30 | Source: FirstPost

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...

Bullish Arun Jaitley sees India growing 7.5% this year, next year even faster

Mar 14, 2015 at 15:35 | Source: FirstPost

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.Launching the Union Bank of India (UK), a ...

Scam raj is over, BJP committed to making it easy to do business in India: Jaitley

Mar 14, 2015 at 14:13 | Source: FirstPost

Thegovernment is introducing changes to ease the process of doing business and attract investments in India while trying to rationalise and lower taxes, Finance Minister Arun Jaitley has said.He also said that the GDP growth rate this year would be 7...

Brazil government backers take to streets ahead of Sunday protests

Mar 14, 2015 at 07:46 | Source: FirstPost

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 ...

Rate decision shows division at top of RBI

Mar 14, 2015 at 00:15 | Source: FirstPost

MUMBAI (Reuters) - Some top officials in the Reserve Bank of India (RBI) say they were surprised by Governor Raghuram Rajan's decision to cut rates last week, a rare sign of divisions that could become much more public as the bank overhauls its decis...

Does Rajan's rate cut decision shows division at the top in RBI?

Mar 13, 2015 at 17:46 | Source: FirstPost

Mumbai: Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials, a rare sign of divisions that could become much more public as the bank overhauls its decision processes in a way that will cl...

IMF says India growing faster than expected, raises GDP forecast to 7.2% for FY15

Mar 12, 2015 at 10:43 | Source: FirstPost

Terming Indian economy a "bright spot" on the global economic landscape, IMF yesterday raised its growth forecast for the current fiscal to 7.2 percent, even as it called for steps to revitalise the investment cycle and accelerate structura...

IMF says India 'the bright spot' globally, ups growth forecast to 7.2% for FY15

Mar 12, 2015 at 08:08 | Source: FirstPost

Terming Indian economy a "bright spot" on the global economic landscape, IMF yesterday raised its growth forecast for the current fiscal to 7.2 percent, even as it called for steps to revitalise the investment cycle and accelerate structura...

IMF ups India growth forecast to 7.2% for current fiscal

Mar 11, 2015 at 19:12 | Source: FirstPost

Washington: Terming Indian economy a "bright spot" on the global economic landscape, IMF today raised its growth forecast for the current fiscal to 7.2 percent, even as it called for steps to revitalise the investment cycle and accelerate s...

Gogoi presents Rs 66,142.16 crore Assam budget

Mar 10, 2015 at 14:47 | Source: FirstPost

Guwahati: Assam Chief Minister Tarun Gogoi today presented a Rs 66,142.16 crore budget for the state for 2015-16 and exempted cancer drugs and medicinal oxygen from VAT but hiked duties on cigarette and liquor.Presenting the budget for the next fisca...

Top Brazilian politicians investigated in Petrobras scandal

Mar 07, 2015 at 09:15 | Source: FirstPost

BRASILIA (Reuters) - Brazil's Supreme Court will investigate the speakers of both houses of Congress and 32 other sitting politicians in connection with a multibillion-dollar kickback scheme at state-controlled oil company Petrobras.The scandal has s...

Five reasons why RBI surprised markets with a rate cut

Mar 05, 2015 at 09:35 | Source: FirstPost

Raghuram Rajan, Reserve Bank Governor, likes to surprise the markets. This, of course, is one reason why he cut the key policy rate (repo) by 0.25 percent to 7.5 percent, the second such surprise rate cut outside regular policy reviews in less than t...

RBI cuts interest rate by 25 bps but credit goes to Jaitley, his Budget

Mar 05, 2015 at 08:15 | Source: FirstPost

The larger share of credit for the surprise, quarter percentage point rate cut to 7.5 percent announced by the Reserve Bank of India (RBI) on Wednesday morning should go to finance minister Arun Jaitely than to governor Raghuram Rajan.The RBI has lar...

5 reasons why RBI surprised markets with a rate cut today

Mar 04, 2015 at 14:11 | Source: FirstPost

Raghuram Rajan, Reserve Bank Governor, likes to surprise the markets. This, of course, is one reason why he cut the key policy rate (repo) by 0.25 percent to 7.5 percent, the second such surprise rate cut outside regular policy reviews in less than t...

5 reasons why Raghuram Rajan surprised markets with a rate cut today

Mar 04, 2015 at 12:51 | Source: FirstPost

Raghuram Rajan, Reserve Bank Governor, likes to surprise the markets. This, of course, is one reason why he cut the key policy rate (repo) by 0.25 percent to 7.5 percent, the second such surprise rate cut outside regular policy reviews in less than t...

Rajan cuts interest rate by 25 bps but credit goes to Jaitley, his Budget

Mar 04, 2015 at 10:10 | Source: FirstPost

The larger share of credit for the surprise, quarter percentage point rate cut to 7.5 percent announced by the Reserve Bank of India (RBI) on Wednesday morning should go to finance minister Arun Jaitely than to governor Raghuram Rajan.The RBI has lar...

RBI's surprise rate cut: Here's why the central bank decided to back the govt

Mar 04, 2015 at 09:39 | Source: FirstPost

The Reserve Bank of India cut its policy rate by 25 basis points to 7.5 percent second time in about a month's time, giving a significant push to the growth agenda set by the government.Here is all you need to know about why the central took the unex...

Nifty scales 9,000 for the first time, Sensex up 135 points as stocks rally

Mar 03, 2015 at 20:37 | Source: FirstPost

Mumbai: The benchmark Sensex today surged about 135 points to end at over one-month closing high of 29,593.73 while the NSE Nifty index topped 9,000 mark for the first time on continued optimism over economic reforms and solid foreign fund buying in ...

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