February 04, 2011 10:29 PM IST Prime Minister Manmohan Singh today asked states to consider waiving mandi, octroi and local taxes for taming inflation which affects poor "harder" and poses serious threat to the country's growth momentum.
February 04, 2011 10:26 PM IST The overall inflation would come down to seven per cent by March, deputy chairman of Planning Commission Montek Singh Ahluwalia said today.
February 04, 2011 10:18 PM IST Finance Minister Pranab Mukherjee today said steps have been taken to tame inflation but the government has no magic lamp to bring it down immediately.
February 04, 2011 12:54 PM IST "These steps lead to even greater opportunities for the trade of high-technology and space trade," he added.
February 04, 2011 12:08 PM IST Prime Minister Manmohan Singh said on Friday India's high inflation posed a 'serious threat' to the country's growth momentum, and was driven by supply-side shortages.
February 03, 2011 07:59 PM IST India's microfinance sector can expect healthy growth if the Reserve Bank of India (RBI) becomes the sole regulator for the sector, SKS Microfinance chairman Vikram Akula said on Thursday.
February 03, 2011 06:59 PM IST A pick up in food inflation in the latest data is part of inflationary fluctuations, the finance minister said on Thursday, in a further attempt to calm market jitters over soaring food prices.
February 03, 2011 02:00 PM IST Food inflation soared to 17.05% for the week ended January 22, rising for the second straight week, on the back of costlier vegetables, fruits and milk.
February 03, 2011 12:08 PM IST India's food price index rose 17.05% and the fuel price index climbed 11.61% in the year to January 22, government data on Thursday showed.
February 03, 2011 11:49 AM IST Coal production in India for the year 2011-12 is likely to fall to 554 million tonne from 630 MT—that's what coal minister Sriprakash Jaiswal had to say. "The fall in production is on account of non receipt of statutory clearances in time," he reasoned.
February 03, 2011 11:15 AM IST Business activity in India's services sector grew at a faster clip in January than in the previous month, boosted by new orders and expectations of solid growth, but costs also soared, a survey showed on Thursday
February 02, 2011 07:42 PM IST India is likely to see inflationary fluctuations in the next three months or so, but the overall trend for prices is to moderate, Finance Minister Pranab Mukherjee said on Wednesday.
February 02, 2011 12:09 PM IST India could grow at 8.5-8.7% in fiscal year 2011—that’s the word from finance minister Pranab Mukherjee. Further he said the rise in crude oil prices though is a matter of concern for India, but, is confident of handling the spurt in rates.
February 01, 2011 09:13 PM IST To attract foreign manufacturers to invest in India, a group of ministers is considering a proposal to raise Foreign Direct Investment limit in the defence sector to 49% from the current 26%.
February 01, 2011 06:48 PM IST Tax payers can expect some relief from high inflation in Budget 2011-12 as the government may raise the income tax exemption limit for individuals.
February 01, 2011 03:10 PM IST India's exports in December rose an annual 36.4% to USD 22.5 billion, while imports for the month fell 11.1% on the year to USD 25.1 billion, government data released on Tuesday showed.
February 01, 2011 01:02 PM IST India's exports in December rose an annual 36.4% to USD 22.5 billion, while imports for the month fell 11.1% on the year to USD 25.1 billion, government data released on Tuesday showed.
February 01, 2011 01:02 PM IST Foreign countries stepped up efforts to pull their nationals out of Egypt on Tuesday as anti-government protesters hoped to rally a million-strong march for democracy.
January 31, 2011 06:23 PM IST India's GDP growth for the 2009/10 fiscal year has been provisionally revised up to 8% from 7.4%, a government statement said.
January 31, 2011 01:34 PM IST The December infrastructure sector growth has come in at 6.6% versus 6.2% year-on year (YoY). The period between April to December, saw the infrastructure sector growing at 5.3% versus 4.7%. The government has also revised the FY10 GDP number to 8%, a 60 bps revision jump from 7.4%.
January 31, 2011 08:12 AM IST India is concerned about high global commodity and oil prices and will consider cutting import duties on more food products to curb inflation gripping Asia's third-largest economy, Trade Minister Anand Sharma said.
January 30, 2011 04:31 PM IST As World Trade Organization members intensify efforts for a new trade deal, soaring food and raw material prices have raised a question that is not even on the Doha round agenda: export restrictions.
January 30, 2011 01:27 PM IST India will consider cutting import duties on more food products if needed to curb high food inflation gripping Asia's third-largest economy, Trade Minister Anand Sharma said.
January 29, 2011 03:24 PM IST The RBI has put out its discussion paper on the presence of foreign banks in India. In an interview with CNBC-TV18's Banking Editor Latha Venkatesh, Neeraj Swaroop, CEO, Standard Chartered Bank in India and Ashvin Parekh, Partner at Ernst and Young gave their perspectives on the RBI's views.
January 28, 2011 08:37 AM IST Soaring inflation and rate rises are starting to hit corporate margins in India, tempting more foreign fund managers to slash holdings in favour of markets that can better capitalise on the global economic recovery.
