Economy

India's CAD to be less than 5% in FY13: Mayaram  

08 May 2013, 8.16 pm  |  Source: PTI

India's current account deficit (CAD) for 2012-13 is likely to be less than 5 per cent of the Gross Domestic Product (GDP), a top Finance Ministry off...

US Immigration reform bill may harm Indian IT firms  

08 May 2013, 7.02 pm  |  Source: PTI

The bi-partisan group of eight US Senators has come out with eight killer provisions in its comprehensive immigration reform bill, which if passed by ...

Parliament adjourned as no option left: Speaker  

08 May 2013, 6.13 pm  |  Source: PTI

Lok Sabha Speaker Meira Kumar today justified the sudden adjournment of Parliament, saying there was no option as it was not running. She said the dis...

UPA committed to food security bill: PM  

08 May 2013, 6.05 pm  |  Source: PTI

Notwithstanding government's failure to get the ambitious Food Security Bill passed in the Budget session, Prime Minister Manmohan Singh today said UP...

Factory output likely rose 2% in March: Reuters poll  

08 May 2013, 10.45 am  |  Source: Reuters

Indian factories' output probably rose for a third consecutive month in March, boosted modestly by improving exports and investment, but weak domestic...

Food Security Bill to prove costly for government  

08 May 2013, 8.56 am  |  Source: Reuters

The government may soon pass the National Food Security Bill to give millions more people cheap food, fulfilling an election promise of the ruling Con...

India's growth story credible: FinMin to Moody's  

07 May 2013, 5.29 pm  |  Source: PTI

Admitting that economic picture is not fully rosy, the Union finance ministry on Tuesday told global rating agency Moody's that the country's growth s...

Hiring activities see better trends in April  

07 May 2013, 2.29 pm  |  Source: PTI

Hiring activities improved in April on the back of better prospects primarily in telecom, banking and financial services sectors, says a report....

Stuck record: Why Amartya Sen is wrong on food security  

07 May 2013, 12.25 pm  |  Source: Firstpost.com

It is becoming increasingly difficult to retain respect for Nobel laureate Amartya Sen. He seems to surface in the media every time the UPA government...

Odisha govt announces agri loan at two per cent interest  

06 May 2013, 10.50 pm  |  Source: PTI

Carrying forward its populist measures ahead of the next elections, the Odisha government today announced sanction of agriculture loan at the rate of ...

Role of Railway Minister is under CBI scanner  

06 May 2013, 10.43 pm  |  Source: PTI

CBI is likely to seek clarifications from Railway Minister Pawan Kumar Bansal in connection with the alleged bribery scandal related to posting of sus...

Mamata meets Mukherjee, seeks early prez assent to bill  

06 May 2013, 10.36 pm  |  Source: PTI

West Bengal Chief Minister Mamata Banerjee called on President Pranab Mukherjee at Raj Bhavan here tonight and is understood to have taken up the issu...

Liquidity squeeze is likely to be 'less uncomfortable': RBI  

06 May 2013, 9.18 pm  |  Source: PTI

Reserve Bank Governor D Subbarao today said liquidity squeeze is likely to be "less uncomfortable" in the coming months as the government starts spend...

TN announces steps for agricultural sector growth  

06 May 2013, 9.09 pm  |  Source: PTI

In a bid to give a push to agriculture sector in the state, Tamil Nadu government today announced a slew of measures with an allocation of Rs 984.70 c...

Amartya backs food bill, blames opp for Par disruption  

06 May 2013, 8.54 pm  |  Source: PTI

Nobel laureate Amartya Sen today sought to blame the opposition for disruption in Parliament, saying they were "bursting debates" and "killing argumen...

NTPC to begin production in 6 coal blocks by 2017  

06 May 2013, 8.33 pm  |  Source: PTI

State-run power major NTPC today said it expects to start production at its six coal blocks by 2017, which will help it secure an additional 40 millio...

RBI chief says no housing bubble building up  

06 May 2013, 8.01 pm  |  Source: Reuters

There is no housing price bubble building up in India, Reserve Bank of India Governor Duvvuri Subbarao said on Monday in a post-policy conference call...

RBI says will deploy all options to tackle cash crunch  

06 May 2013, 7.48 pm  |  Source: Reuters

The RBI said on Monday it will consider all the options available to it to tackle tight liquidity in the market including adjusting banks' cash reserv...

RBI panel calls for relaxing exporters' credit rules  

06 May 2013, 7.27 pm  |  Source: Reuters

A Reserve Bank of India panel on Monday proposed raising the ceiling for foreign currency credit from USD 20 million for exporters, among other policy...

Govt has no plans to bring Ordinance on Food Bill: Thomas   

06 May 2013, 5.27 pm  |  Source: PTI

The government has no plans to take the Ordinance route to implement the UPA government's ambitious National Food Security Bill, in case it fails to e...

Hope discomfort on liquidity lessens: RBI chief  

06 May 2013, 3.42 pm  |  Source: Reuters

Subbarao said liquidity is expected to be in deficit mode over the next few months, and that the central bank would prefer it to be in deficit as ther...

RBI may cut rates further if CAD slips below 5%: StanChart   

06 May 2013, 3.08 pm  |  Source: CNBC-TV18

If the current account deficit (CAD) continues to be sticky around 5 percent then the central bank may not be in a position to cut rates...

See CAD narrowing, two rate cuts post June: Credit Suisse   

06 May 2013, 1.07 pm  |  Source: CNBC-TV18

Robert Prior-Wandesforde, Director, Asian Economics Research, Credit Suisse is of the opinion that there won’t be a rate cut in the June policy but ...

Services PMI falls for third straight month in April  

06 May 2013, 10.55 am  |  Source: Reuters

Indian services growth eased dramatically during April as new orders came in at a much slower pace, prompting firms to rein in hiring plans, a busines...

Taking away capital mgmt from RBI not advisable: Subbarao   

04 May 2013, 6.09 pm  |  Source: Moneycontrol.com

In an interview with CNBC-TV18's Latha Venkatesh, Duvvuri Subbarao stressed that taking away capital management from Reserve Bank of India is not adv...

India's rating upgrade unlikely anytime soon: S&P  

04 May 2013, 5.47 pm  |  Source: CNBC-TV18

Rating agency Standard and Poor's (S&P) today ruled out rating upgrade of India anytime soon. S&P warn that reform announcements recently made by the ...

India's sovereign outlook stable, GDP at 6%: Moody's   

04 May 2013, 4.35 pm  |  Source: PTI

Global rating agency Moody's has said India's sovereign outlook is stable and does not warrant any action on the country's credit rating in the next 1...

Why Chidu and Subbu still can't see eye-to-eye  

04 May 2013, 4.23 pm  |  Source: Moneycontrol.com

A day after the Reserve Bank of India announced its monetary policy for 2013-14, it is worth reading between the lines of Governor D Subbarao’s stat...

ADB says will recommend DBT to other developing nations  

04 May 2013, 4.06 pm  |  Source: PTI

Lauding the government's Direct Benefit Transfer scheme, multilateral funding agency Asian Development Bank on Saturday said it will advise other deve...

Foodgrain output revised upward by 2% to 255.36 mn tonne  

04 May 2013, 3.10 pm  |  Source: PTI

Country's foodgrain production has been revised upwards by over 5 million tonne to 255.36 million tonne in 2012-13 crop year from earlier estimates on...