Dec 18, 2012
Evening economy 18th dec
RBI holds repo rate, CRR; hints at change in January
New Delhi | December 18, 2012 18:18 (IST)
RBI governor Duvvuri Subbarao had said in the October policy review there was a "reasonable likelihood" of further easing in the January-March quarter, when inflation is expected to trend down.
Foreign funds seek redemption, cash out on South-East Asia
Hong Kong | December 18, 2012 17:08 (IST)
Pricy share valuations in Southeast Asia are steering the funds to cheaper markets after a bull run in which the Philippines and Thailand were some of the best performers in the world.
Subsidies need to gradually come down: Raghuram Rajan
New Delhi | December 18, 2012 16:35 (IST)
The Chief Economic Advisor says the removal of subsidies should start from the richest sections of the society.
CRR held steady as liquidity tight on slow government spending: RBI deputy governor
December 18, 2012 16:32 (IST)
The Reserve Bank of India did not cut banks' cash reserve ratio (CRR) on Tuesday as liquidity tightness was due to slow government spending, Subir Gokarn, a deputy governor, said.
India lost $123 billion in black money in a decade
December 18, 2012 15:19 (IST)
India lost a whopping USD 123 billion in black money in 2001-2010, making it the eight largest victim of illicit financial outflow, a US-based research and advocacy organisation said in a report.
Government to drop Forwards Markets Contract Clause in Banking (Amendment) Bill
December 18, 2012 14:14 (IST)
BJP leader and former finance minister Yashwant Sinha, who heads the Parliamentary Standing Committee on finance, had demanded that the Bill with this clause be referred back to the standing committee as it was introduced after the committee had submitted its report on the Bill. Finance Minister P. Chidambaram had ruled out sending the Bill to the standing committee for reconsideration.
Interest rate cut needed to boost growth: Montek Singh Ahluwalia
New Delhi | December 18, 2012 14:00 (IST)
Planning Commission today pitched for lowering of interest rate to boost economic growth which is beginning to look up after moderating to 5.4 per cent in the first half of the current fiscal.
Highlights of RBI policy review
Mumbai | December 18, 2012 13:24 (IST)
The RBI kept its policy repo rate at 8 per cent and also held the cash reserve ratio, or the amount of deposits that banks must keep with the central bank, at 4.25 per cent. Here are the highlights of the monetary policy statement.