Economy

Forex reserves down $616.4 mn to $293.69 bn  

18 May 2013, 12.27 pm  |  Source: PTI

The forex reserves of the country have slipped for the second consecutive week, dipping by USD 616.4 million to USD 293.69 billion on a fall in curren...

India looking to set up feeder fund for IDFs: Chidambaram  

18 May 2013, 12.10 pm  |  Source: PTI

India is looking to set up a London-listed 'feeder fund' for Infrastructure Debt Funds (IDFs), and also to work with the UK on increasing institutiona...

US paves way for shale gas export to India  

18 May 2013, 11.57 am  |  Source: PTI

Opening up the prospects of export of shale gas to energy starved India, the US today granted conditional authorisation to export domestically produce...

RBI to take note of falling inflation in next policy review  

18 May 2013, 11.51 am  |  Source: PTI

RBI to take into account falling inflation while deciding on policy initiative in its review next month....

Expectation of stable outlook by S&P warranted: Yes Bank   

17 May 2013, 10.17 pm  |  Source: CNBC-TV18

The expectation of a stable outlook was warranted, perhaps as this has been work-in-progress since September 2012, says Shubhada Rao, president & chie...

S&P report not much of surprise: Arvind Mayaram   

17 May 2013, 9.30 pm  |  Source: CNBC-TV18

Reacting to the S&P report on India, Arvind Mayaram, economic affairs secretary said the report does no come as a surprise. But he says that the coun...

S&P affirms BBB - rating on India, hints at downgrade    

17 May 2013, 8.31 pm  |  Source: CNBC-TV18

Despite the finance ministry making the pitch for an upgrade and the reform measures that have been undertaken in the last six months, S&P has maintai...

S&P rating signals Indian economy not out of woods yet  

17 May 2013, 6.34 pm  |  Source: Moneycontrol.com

S&P's affirmation of negative outlook on Indian economy signals that it is not on ‘road to recovery’ as perceived by the market. ...

Government to step up coal quality checks  

17 May 2013, 4.43 pm  |  Source: Reuters

Indian utilities have also become increasingly reliant on imported coal because domestic production is lagging demand, but the quality of many supplie...

Expect 7.15-7.18% on new 10-year bond yield: Nomura   

17 May 2013, 3.56 pm  |  Source: CNBC-TV18

The fall in inflation has brightened the prospect of a rate cut in July feels Vivek Rajpal of Nomura India....

S&P affirms negative India outlook, downgrade threat looms  

17 May 2013, 3.49 pm  |  Source: Reuters

The ratings agency, however, said there was scope to upgrade the sovereign ratings if the government unleashes public and private investments to spur ...

Issuance volume for securitisation drops 20% in FY13: ICRA  

17 May 2013, 3.37 pm  |  Source: PTI

Helped by a reclassification of priority sector lending guidelines wherein wherein bank finance to non-bank lenders no longer qualifies as PSL, banks ...

RBI can buy $9 bn more forex from market: BofA-ML  

17 May 2013, 2.48 pm  |  Source: PTI

The Reserve Bank can buy USD 9 billion according to the balance of payments estimates and after assuming the Brent crude to be at USD 110 a barrel....

China, India to be top investors among developing nations  

17 May 2013, 1.48 pm  |  Source: PTI

China and India are expected to be the largest investors, with the two countries together accounting for 38 per cent of the global gross investment in...

Osborne lauds Chidambaram efforts to revive Indian economy  

17 May 2013, 12.56 pm  |  Source: PTI

People had some questions a year or two ago, but Mr Chidambaram has settled those doubts and the reforms he has proposed; the retail reforms, pension ...

Banks' deposits, loans up marginally: RBI  

17 May 2013, 10.55 am  |  Source: Reuters

As of May 3, deposits stood at Rs 68.84 trillion, while advances were at Rs 53.41 trillion....

Rate cut expectations rise after inflation surprise  

17 May 2013, 9.27 am  |  Source: Reuters

The 10-year benchmark bond yield fell as much as 12 basis points on Wednesday to 7.35 percent, its lowest since December 2009....

Beyond the reach of banks, fund scams target Indians  

17 May 2013, 8.58 am  |  Source: Reuters

Dalia Ghosh, a 28-year-old nurse in Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year, hoping to s...

RBI to cut rates in June, July after April WPI: BofA-ML  

17 May 2013, 8.49 am  |  Source: Reuters

Bank of America-Merrill Lynch expects the Reserve Bank of India to cut interest rates by 25 basis points on June 17, and then by another 25 bps in Jul...

Cobrapost fallout: Govt, RBI looking at hiking penalty   

16 May 2013, 6.44 pm  |  Source: PTI

In the wake of alleged violation of KYC norms by a large number of banks, the government and RBI are looking at the possibility of hiking the penalty ...

Ministries meet on May 21 to define control in FDI policy  

16 May 2013, 5.59 pm  |  Source: CNBC-TV18

Foreign investors have been concerned about the conflicting definitions of control. The finance and commerce ministers will meet to finalise the defin...

Structural reforms will push India's growth: Morgan Stanley  

16 May 2013, 3.44 pm  |  Source: CNBC-TV18

Structural reforms like increasing FDI limit for certain sectors, deregulation of petrol and diesel are seen pushing India's growth in medium term, sa...

Why inflation bonds are best thing FM ever did for savers  

16 May 2013, 1.37 pm  |  Source: Firstpost.com

IIBs are indexed to the Wholesale Price Index (WPI) which is geared to capture broader systemic inflation rather than the inflation that bites you and...

Global firms bet on India's spending power  

16 May 2013, 9.23 am  |  Source: Reuters

Global companies betting on India's potential as a consumer market are looking beyond the worst patch in a decade for Asia's third-largest economy and...

Private equity set to pounce on cut-price infrastructure  

16 May 2013, 9.01 am  |  Source: Reuters

Private equity investment in Indian infrastructure is poised to pick up following a lengthy dry patch as debt-stressed operators of toll roads and oth...

No cheer for FM; April indirect tax mop up rises only 3.3%  

16 May 2013, 8.58 am  |  Source: PTI

No cheer for FM; April indirect tax mop up rises only 3.3%...

Shashi Kant Sharma to replace Rai as new CAG  

15 May 2013, 8.44 pm  |  Source: CNBC-TV18

With CAG Vinod Rai approaching his retirement, speculation has started about the government's choice of his possible successor. CNBC-TV18 learns that ...

FinMin ratifies 8.5% interest on PF deposits for 2012-13  

15 May 2013, 8.39 pm  |  Source: PTI

The Finance Ministry has raised interest payment on PF deposits to 8.5 % in 2012-13 from 8.25% in previous fiscal that will benefit over 5 crore EPFO ...

J&K govt announces 8% increase in dearness allowance  

15 May 2013, 8.33 pm  |  Source: PTI

The Jammu and Kashmir government on Wednesday announced an 8 percent increase in dearness allowance (DA) for state government employees, pensioners an...

Food Bill: Law Ministry wants proper mechanism in place  

15 May 2013, 8.28 pm  |  Source: PTI

The Law Ministry has cautioned that without proper mechanism in place to distribute food grains Food Bill should not be passed....