Economy

'CPI inflation to moderate to around 7% by March 2014'  

09 Apr 2013, 11.06 pm  |  Source: PTI

Terming the consumer price index based inflation as critical to assess the domestic economy in the current environment, a research report by Morgan St...

Steel consumption grows by 3.3% in FY13  

09 Apr 2013, 6.25 pm  |  Source: PTI

Steel consumption in the country grew by just 3.3 percent to 73.3 million tonne in 2012-13 on subdued demand due to slackening economy and high intere...

NBFCs say RBI likely to leave repo rate unchanged  

09 Apr 2013, 6.18 pm  |  Source: PTI

Non-banking finance companies today said the Reserve Bank is likely to keep its key lending rate intact in the forthcoming monetary policy review, but...

GoM on draft coal regulator Bill may meet on Wednesday   

09 Apr 2013, 4.43 pm  |  Source: PTI

The inter-ministerial panel under the chairmanship of finance minister P Chidambaram is likely to meet on Wednesday to discuss the draft coal regulato...

Coal min seeks status of PPAs from 20 cos by Wednesday   

09 Apr 2013, 4.13 pm  |  Source: PTI

The government has sought by April 10 the status of the power purchase agreements from 20 companies, including NTPC, NMDC, NHPC and Neyveli Lignite, t...

Factory output seen at 0.7% in February: Poll  

09 Apr 2013, 10.26 am  |  Source: Reuters

India's industrial production probably shrank in February due to a contraction in infrastructure industry output and flagging demand, after a surprisi...

Growth in India may recover to 6% this year: ADB  

09 Apr 2013, 8.27 am  |  Source: Reuters

Growth in developing Asia is seen gaining momentum this year, powered by rising domestic consumption and intra-regional trade, but authorities need to...

Biz climate improves in Mar; growth to pick-up by Q2  

08 Apr 2013, 7.09 pm  |  Source: PTI

Business climate in the country improved in March on factors such as rising production of intermediate goods and the government's reform initiatives, ...

FM meets bankers, corporate honchos over stalled projects  

08 Apr 2013, 6.41 pm  |  Source: PTI

Amidst the ongoing gloom on the economic front, Finance Minister P Chidambaram today allayed fears of the industry over stalled projects and assured a...

Govt to make efforts to push stalled projects: Chidambaram  

08 Apr 2013, 4.00 pm  |  Source: PTI

Finance Minister P Chidambaram today said over 340 projects are held up for some reasons or the other and expressed his commitment to remove bottlenec...

Shift in food habit in rural areas fuelling inflation: RBI  

07 Apr 2013, 2.51 pm  |  Source: PTI

Impressive rise in rural incomes is fuelling food inflation as people's dietary habits are changing for the better and increasing consumption, RBI Gov...

RBI chief says current account deficit unsustainable  

07 Apr 2013, 1.38 pm  |  Source: Reuters

India's current account deficit is unsustainable at its present level of about 5 percent of gross domestic product (GDP), the head of the Reserve Bank...

China's big banks 'faking' micro loans: Study   

06 Apr 2013, 5.57 pm  |  Source: Reuters

China's big banks are not delivering on their promise to lend more to the smallest firms and are instead "faking" their micro loans, a researcher said...

FY13 revenue target met, fiscal deficit lower than 5.2%: FM   

06 Apr 2013, 5.51 pm  |  Source: PTI

Finance minister P Chidambaram on Saturday said the fiscal deficit for 2012-13 will be better than 5.2 percent as tax collection target of over Rs 10....

No short term worries from CAD; boost exports: Rajan   

06 Apr 2013, 5.29 pm  |  Source: CNBC-TV18

Raghuram Rajan, Chief Econmic Advisor and leading academic says, in an interview on CNBC-TV18, that longer-term measures such as increased exports and...

Govt has initiated probe against tax haven expose: FM   

06 Apr 2013, 5.09 pm  |  Source: PTI

Finance Minister P Chidambaram today said an inquiry has been initiated against the individuals whose names appeared in a global report on the monies ...

Over Rs 14 cr undisclosed income surrendered to I-T dept  

06 Apr 2013, 4.49 pm  |  Source: PTI

A business group dealing in bullion trading and jewellery here has surrendered undisclosed income worth Rs 14.70 crore after the Income Tax department...

Govt releases latest edition of consolidated FDI policy  

06 Apr 2013, 2.11 pm  |  Source: PTI

The Department of Industrial Policy and Promotion (DIPP) today released the latest edition of consolidated FDI policy incorporating the changes made i...

India can grow at 6%; global developments concerning: Rajan  

06 Apr 2013, 12.40 pm  |  Source: PTI

India is watching the external developments of recent weeks and its impact on the economy, Chief Economic Advisor Raghuram G. Rajan said today even as...

DBT to be expanded to 78 more districts, LPG to be covered  

05 Apr 2013, 10.54 pm  |  Source: PTI

The Direct Benefits Transfer (DBT) subsidy scheme is being extended to 78 more districts in July even as Prime Minister Manmohan Singh today acknowled...

India's forex reserves slip USD 720 m to USD 292.65 b  

05 Apr 2013, 9.38 pm  |  Source: PTI

After two consecutive weeks of increase, the country's foreign exchange reserves fell by USD 720.3 million to USD 292.65 billion on a slip in the core...

India can grow by 6.5% this fiscal: Montek  

05 Apr 2013, 9.24 pm  |  Source: PTI

India can grow by 6.5 percent in the current fiscal during which big projects are likely to get clearances from CCI, Planning Commission Deputy Chairm...

FTA with EU on PM's agenda, insurance cap a sticker  

05 Apr 2013, 9.04 pm  |  Source: PTI

Increasing the insurance cap by India is virtually a "must" for inking of the long-pending India-European Union FTA, which has seen 15 rounds of negot...

PM clears 78 districts for direct cash transfer scheme  

05 Apr 2013, 8.40 pm  |  Source: CNBC-TV18

Prime Minister Manmohan Singh today reviewed the progress of the UPA's showpiece electoral weapon - the Direct Benefit Transfer scheme....

RBI to lower key rate by 0.75% this fiscal: BofA ML  

05 Apr 2013, 6.28 pm  |  Source: PTI

The Reserve Bank is likely to switch focus to supporting growth from fighting inflation and is likely to go for 0.75 per cent rate cut in the current ...

Govt finalises discoms'debt recast norms; extends deadline  

05 Apr 2013, 6.28 pm  |  Source: PTI

The Centre today said the bonds to be issued by states, backed by it under the debt recast plan for power distribution utilities, will attract about 0...

Govt wants to play sugar daddy for 2 years: Is this reform?  

05 Apr 2013, 6.00 pm  |  Source: Moneycontrol.com

Anyone who labels a decision to double the subsidy bill as reform ought to have his head examined. However, the cabinet decision to “free” sugar p...

Coal India may cut supplies to NTPC as row escalates  

05 Apr 2013, 5.16 pm  |  Source: Reuters

Miner Coal India could halt eastern region supplies to the country's largest power producer by the end of April, as a row over quality between the two...

Good economics can be good politics: Montek  

05 Apr 2013, 9.49 am  |  Source: PTI

Pursuing good economic practices is not always easy politically, but anyone who thinks it is impossible may be "damming the country", Planning Commiss...

Ambiguity over FDI, FII: RBI to soon float discussion paper  

04 Apr 2013, 11.24 pm  |  Source: PTI

The Reserve Bank will come out with a discussion paper within 15 days on redefining Foreign Direct Investment (FDI) and portfolio investment (FII) so ...