New Delhi | June 13, 2013 12:59 (IST)
The government is considering convening a special session of Parliament to pass a $24 billion welfare scheme to give cheap food to hundreds of millions of people, if opposition parties agree to the proposal, Finance Minister P. Chidambaram said.
June 13, 2013 12:12 (IST)
The finance minister on Thursday pledged new reform measures by the end of June including lifting caps on foreign direct investment and changes in locally-produced gas prices to win back investor confidence.
Washington | June 13, 2013 11:40 (IST)
Exports and private investment, which slowed sharply in 2012, are projected to strengthen during 2013-15 and provide a boost to growth.
June 13, 2013 10:39 (IST)
Chidambaram assures markets about economy, says reforms not like an ODI match
June 13, 2013 10:08 (IST)
Finance Minister P. Chidambaram today said the ratings upgrade by global ratings agency Fitch shows the steps the government has taken in the recent months are paying dividend.
Mumbai | June 12, 2013 21:49 (IST)
The steep fall in the local currency in recent weeks is likely to delay the rate-cut cycle by the Reserve Bank of India (RBI) as the decline will add to imported inflation, economists from three large foreign brokerages said on Wednesday.
New Delhi | June 12, 2013 18:45 (IST)
Since January 1, the rupee value has fallen by 5.5 per cent against the US dollar and touched life-time low of 58.98 on Tuesday.
Mumbai | June 12, 2013 17:19 (IST)
A panel set up by the Sebi has recommended that the regulator simplify the Know Your Client (KYC) norms according to the risk profile of the investor.
June 12, 2013 16:57 (IST)
Fitch Ratings revised India's sovereign rating outlook to "stable" from "negative" on the back of measures taken by the government to contain the budget deficit, it said on Wednesday.
June 12, 2013 16:43 (IST)
Fitch had cut India's outlook to negative in June 2012, following Standard & Poor's which just last month retained its negative outlook on the economy.
June 12, 2013 16:33 (IST)
Fitch Ratings has revised India's outlook to stable from negative and affirmed its long-term foreign- and local-currency issuer default ratings (IDRs) at 'BBB-'.
June 12, 2013 16:12 (IST)
Fitch upgrades India's sovereign rating to stable
New Delhi | June 12, 2013 15:13 (IST)
Finance Minister P. Chidambaram held a meeting with his top economic advisers on Wednesday to discuss a sharp fall in the rupee, which hit a lifetime-low on Tuesday.
New Delhi | June 12, 2013 12:45 (IST)
The CAD for 2012-13 is seen at 4.9- 5 per cent, the Finance Ministry said according to the reports. The ministry sees CAD for the current fiscal slightly above 4 per cent.
Mumbai | June 12, 2013 12:07 (IST)
The government has recently raised import duties on gold to 8 per cent and the central bank has put curbs on gold financing by banks to put a brake on gold imports, which have been a key reason for India's wide current account deficit.
Bangalore | June 12, 2013 12:04 (IST)
Wholesale prices, India's key inflation measure, probably rose an annual 4.87 per cent in May, the slowest pace since November 2009, the poll of economists showed.
New Delhi | June 12, 2013 11:24 (IST)
Food prices for consumers rose an annual 10.65 per cent in May, slightly faster than an annual rise of 10.61 per cent in April.
June 12, 2013 10:52 (IST)
Although the number points to an expansion in factory output in the first month of the fiscal year, the pace does not suggest a strong revival in Asia's third-largest economy after it posted a decade-low growth for the fiscal year to March 2013.
Mumbai | June 12, 2013 10:18 (IST)
Among the measures being considered is making government debt limits available on a first come, first serve basis for foreign investors, instead of the current system of selling these at monthly auctions.
June 12, 2013 00:16 (IST)
More employers in the United States plan to hire workers next quarter than in any period since the fourth quarter of 2008, according to a survey by global employment services giant Manpower Group.