Economy

Sanjeev Aga bats for 100% FDI in telecom   

18 Jun 2013, 11.17 pm  |  Source: CNBC-TV18

Sanjeev Aga, director, Idea Cellular and Sajai Singh, partner, JSA discussed Arvind Mayaram's report on reviewing FDI sectoral caps in an interview to...

GSPC hikes CNG prices by Rs 2/kg; LPG by Rs4/PSCM  

18 Jun 2013, 10.51 pm  |  Source: PTI

Gujarat State Petroleum Corporation (GSPC) hiked its CNG prices by Rs 2/kg and of piped cooking gas by Rs 4/PSCM. This was done due to lack of cheaper...

India needs to step up exports to deal with high CAD: RBI  

18 Jun 2013, 10.24 pm  |  Source: PTI

With efficacy of recent steps by New Delhi to curb gold import yet to be tested, Reserve Bank of India today said the country would have to increase e...

Govt IT spending to decline to $449.5 bn in 2013  

18 Jun 2013, 10.24 pm  |  Source: PTI

As government agencies continue to struggle against weak economic development, spending by governments on IT globally is expected to decline to USD 44...

Way ahead for Food Bill likely to be decided tomorrow  

18 Jun 2013, 10.17 pm  |  Source: PTI

The decision on the way ahead for the Food Security Bill will be taken tomorrow at the Congress core group meeting where Manmohan Singh, Sonia Gandhi ...

Upto DIPP to take FDI reform process forward: Mayaram   

18 Jun 2013, 9.53 pm  |  Source: CNBC-TV18

A panel led by DEA secretary Arvind Mayaram submitted its report on reviewing FDI sectoral caps to the finance minister today....

India-EU FTA in jeopardy? Here's why  

18 Jun 2013, 8.55 pm  |  Source: CNBC-TV18

The United States (US) and the European Union (EU) have launched negotiations on a mega free trade agreement (FTA), which in turn could impact the ong...

Mayaram submits FDI report to FM; recommends hiking caps   

18 Jun 2013, 7.53 pm  |  Source: CNBC-TV18

The DEA has recommended hiking of FDI cap in sectors where it is currently at 26 percent to 49 percent. ...

New financial products needed to push infra development: FM  

18 Jun 2013, 3.42 pm  |  Source: PTI

Expansion of financial products such as Infrastructure Debt Funds (IDFs) and takeout finance are crucial to the country achieving 8 per cent growth, F...

RBI relaxes some forex option premium payment rules  

18 Jun 2013, 3.33 pm  |  Source: Reuters

The RBI on Tuesday relaxed premium payment rules on some forex options by allowing the buyer of the option to spread the premium payment over the matu...

Monsoon of no help to RBI, see no rate cut in July: Nomura   

18 Jun 2013, 1.37 pm  |  Source: CNBC-TV18

In an interview to CNBC-TV18, Sonal Varma of Nomura Financial Advisory & Securities says she isn't expecting a rate cut in the RBI next monetary pol...

RBI unlikely to cut interest rate at July meet: Kotak Sec  

18 Jun 2013, 10.02 am  |  Source: Moneycontrol.com

Kotak economists do not see significant inflation dips immediately. Especially on the core WPI inflation, the currency depreciation bias could even le...

Early rains to boost kharif crops planting: Govt  

17 Jun 2013, 5.56 pm  |  Source: PTI

The agriculture commissioner J S Sandhu said that the current rains will improve the sowing of all the kharif crops and the total production might exc...

Rupee slide halts RBI rate cut: Crisil Research  

17 Jun 2013, 5.06 pm  |  Source: Moneycontrol.com

A depreciating rupee against the US dollar drove the Reserve Bank of India (RBI) to maintain status quo in its June mid quarter credit policy review, ...

Base rate cut unlikely unless liquidity goes up: HDFC   

17 Jun 2013, 5.00 pm  |  Source: CNBC-TV18

HDFC's Mistry says RBI will push liquidity into the system but maybe not with immediate effect. Good monsoons will bring down food inflation and there...

India cuts Iran oil imports 42%, takes Venezuela and others  

17 Jun 2013, 4.28 pm  |  Source: Reuters

India cut its oil imports from Iran by 40 percent till May in 2013. Currently, the country's oil imports from Iran stood at 12.2 percent for May. It r...

RBI's status quo influenced by external factors: Rangarajan  

17 Jun 2013, 4.07 pm  |  Source: PTI

The Reserve Bank of India's decision to leave interest rates unchanged had been due to influence by external sectors. He added that the high CAD and w...

Is RBI inaction cursor for govt to act on rupee, inflation?   

17 Jun 2013, 3.10 pm  |  Source: Moneycontrol.com

Anant Narayan, Co-Head of wholesale banking, South Asia, Standard Chartered Bank does not see the fall in rupee abating soon and S Narayan, former fin...

June trade gap may fall to $15bn on gold curbs: StanChart   

17 Jun 2013, 3.08 pm  |  Source: CNBC-TV18

Reserve Bank of India’s several measures to curb gold import will help June deficit to come down to USD 15 billion. ...

RBI Credit Policy: Not much scope to cut deposit rates, says SBI   

17 Jun 2013, 2.57 pm  |  Source: CNBC-TV18

Hemant Contractor of SBI says there is no scope for reduction in deposit rates due to the stickiness caused by the fact that you have the floor set wi...

Exports dip 1.1% to $24.5 bn in May  

17 Jun 2013, 2.52 pm  |  Source: PTI

India's exports dropped by 1.1 percent year-on-year in May to USD 24.5 bilion. Commerce Secretary S R Rao cited high trade deficit, increased gold and...

RBI will cut repo rate by 25 bps at Jul meet: Credit Suisse  

17 Jun 2013, 2.09 pm  |  Source: Moneycontrol.com

We still maintain our forecast of a 25 basis points repo rate cut by RBI in July, said Credit Suisse. Good monsoon will help in decline in food inflat...

Rate cuts unlikely until rupee, inflation eases: JPMorgan   

17 Jun 2013, 2.01 pm  |  Source: CNBC-TV18

Sajjid Chinoy, economist, JPMorgan believes the RBI has very limited scope to ease rates in the days to come too as the Indian economy is faced by a p...

Deutsche Bk sees inflation falling like a rock; 4% by Sept   

17 Jun 2013, 1.51 pm  |  Source: CNBC-TV18

Taimur Baig of Deutsche Bank AG believes that headline inflation is steadily falling like a rock and may even touch a low of 4 percent by August-Septe...

RBI msg to govt: Revive invst climate, rate cut will follow  

17 Jun 2013, 1.22 pm  |  Source: Moneycontrol.com

RBI governor, D Subbarao in his mid quarter credit policy review clearly emphasised the governmental role to revive our flagging economy. He praised c...

Global factors will determine rate cut in July: Rangarajan   

17 Jun 2013, 12.54 pm  |  Source: CNBC-TV18

The central bank is faced with two pressing problems, current account gap and a falling rupee, which is constraining it from cutting rates, says C Ran...

May trade deficit widens on high gold imports  

17 Jun 2013, 12.45 pm  |  Source: Reuters

India has been struggling to control the current account deficit that hit an all-time high of 6.7 percent of GDP in the December quarter. The deficit ...

Highlights: RBI holds rates, inflation still a concern  

17 Jun 2013, 12.39 pm  |  Source: Reuters

The RBI also called for vigilance over global economic uncertainty, citing the risks of a reversal of capital flows from emerging markets. Such outflo...

RBI may cut rates by 50 bps in Sep-Dec; rupee key: Nomura  

17 Jun 2013, 12.17 pm  |  Source: Moneycontrol.com

While growth-inflation dynamics still call for rate cuts, INR (rupee) volatility and the ensuing concerns on financing the current account deficit ar...

Why RBI is reluctant to cut rates despite weak growth  

17 Jun 2013, 12.01 pm  |  Source: Moneycontrol.com

Upside pressures on the way forward from the pass-through of rupee depreciation, recent increases in administered prices, pose risks of second-round e...