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February 09, 2011 10:00 PM IST Buoyed by prospects of higher rice production this year, the government today decided to lift the three-year ban on exports by allowing shipment of 3 varieties of the non-basmati grain grown in four southern states.
February 09, 2011 08:16 PM IST India's industrial output growth probably slumped to 2% in December from a year earlier, mainly due to a high base a year ago, a median forecast in a Reuters poll showed.
February 09, 2011 05:29 PM IST Expressing concern over inflation which he saw remaining above comfort-level, Eskesen said that a lot of focus has been given to supply-side factors but there is a need to look at the demand-side as well, with demand-driven pressures being felt on food prices in H2 2010.
February 08, 2011 09:27 PM IST There's no consensus in sight, on the third draft of the goods and service tax (GST) constitutional amendment, reports CNBC-TV18’s quoting sources.
February 08, 2011 08:01 PM IST Reserve Bank of India governor Duvvuri Subbarao said on Tuesday that China keeping its currency low "hurts" India in some ways.
February 08, 2011 01:05 PM IST Cash conditions in the Indian banking system may improve substantially by the end of March as the government is unlikely to hold back on budgeted spending as the fiscal year nears its end, policymakers said.
February 08, 2011 01:05 PM IST There are no fears of contraction in India's industrial output growth as the manufacturing sector is doing well, Trade Minister Anand Sharma said on Tuesday.
February 08, 2011 12:46 PM IST Sunil Sanghai, MD and Head-Global Banking, HSBC India sees a lot of inbound M&A activity. “I think we have seen lot of interest by foreign companies looking at the Indian situation,” Sanghai adds. While there is a huge amount of interest, the volume would be still restricted due to regulatory impediments, he says.
February 08, 2011 10:53 AM IST India's current account deficit in the current fiscal year is likely to be at 3.5% of GDP, television channel NDTV Profit reported on Tuesday, citing the Reserve Bank of India chief
February 08, 2011 10:14 AM IST CNBC TV18's Rituparna Bhuyan in an interview with the chief statistician of India, TCA Anant, asked him about the risks to the 8.6% growth estimate.
February 08, 2011 09:09 AM IST The government has started drawing down its huge cash balance with the Reserve Bank of India (RBI), a move which will help ease liquidity in the banking system, a deputy governor at the RBI said on Monday.
February 08, 2011 08:20 AM IST The Reserve Bank of India will soon put new coins of Rs 10 denomination into circulation to felicitate its Platinum Jubilee.
February 08, 2011 08:20 AM IST Worried that the Egypt crisis may further push up crude oil prices, the Reserve Bank indicated sticking to its "anti-inflationary" efforts through tight monetary policy.
February 07, 2011 07:50 PM IST New Delhi, Feb 7 (PTI) Buoyed by high foodgrains production, the country's farm sector is expected to grow at 5.4 per cent in the current financial year, as against 0.4 per cent a year ago.
February 07, 2011 07:50 PM IST New Delhi, Feb 7 (PTI) The government has set up the Inter-Ministerial Group (IMG) to suggest measures to control spiralling prices, particularly of food articles, almost three weeks after the announcement of forming such a body.
February 07, 2011 07:50 PM IST New Delhi, Feb 7 (PTI) The Centre today asked state governments to plug loopholes in the public distribution system (PDS) and increase storage capacity before the enactment of the proposed National Food Security Act.
February 07, 2011 07:42 PM IST New Delhi, Feb 7 (PTI) Helped by robust economic growth, the government collected Rs 3,17,501 crore from direct taxes during April-January 2010-11, up 20.37 per cent from the year-ago perod.
February 07, 2011 07:42 PM IST Chief Statistician TCA Anant said had the GDP estimates been calculated on the 7.4% (before it was revised to 8% resulting in higher base) one would find out that the growth rate would have been over 9% for 2010-11.
February 07, 2011 07:42 PM IST The government has started drawing down its huge cash balance with the Reserve Bank of India (RBI), a move which will help ease liquidity in the banking system, a deputy governor at the RBI said on Monday.
February 07, 2011 05:10 PM IST The government has started drawing down its huge cash balance with the Reserve Bank of India (RBI), a move which will help ease liquidity, a deputy governor at the Reserve Bank of India said on Monday.
February 07, 2011 03:49 PM IST Encouraged by 8.6% growth rate estimates for current fiscal, Chief Economic Advisor Kaushik Basu today said a 9% economic expansion for the next financial year is "well within target".
February 07, 2011 02:40 PM IST Powered by expansion in the services sector, the government has pegged India’s economic growth for the financial year 2011 at 8.6% versus the 8% recorded last year.
February 07, 2011 01:29 PM IST India's economy is expected to grow at 8.6% in the fiscal year that ends in March, the government said on Monday, powered by expansion in the services sector and roughly in line with market forecasts.
February 07, 2011 01:17 PM IST India's GDP growth in the first half of the current fiscal year to end-March is expected to be revised downwards from 8.9% provisional estimate, Chief Statistician of India TCA Anant said on Monday.
February 07, 2011 11:48 AM IST The rupee steadied on Monday after rising early, tracking the domestic sharemarket and some dollar inflows, but traders expected it to remain range bound during the day.
