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Chidambaram: RBI decision to keep interest rates unchanged expected

June 3, 2014 1:17 PM

Chidambaram: RBI decision to keep interest rates unchanged expected

Former Finance Minister P Chidambaram has said that the RBI's decision to keep interest rates unchanged was expected and the government should build on what has been achieved. He said in a statement that it was natural for the RBI Governor to await the Budget and the stance of the governmen...

Mango import ban: EU to send high-powered delegation to India

June 3, 2014 11:47 AM

Mango import ban: EU to send high-powered delegation to India

A high-powered team of scientific experts from the European Commission will visit India in September to check measures put in place by the country in order to help lift the EU ban on the import of Indian mangoes.This was confirmed to Indian-origin Labour MP Keith Vaz, who visited Brussels on Wednesd...

RBI to announce its 2nd bi-monthly monetary policy

June 3, 2014 8:50 AM

RBI to announce its 2nd bi-monthly monetary policy

Reserve Bank of India, RBI Governor Dr. Raghuram Rajan will announce second bi-monthly monetary policy today in Mumbai. In its first bi-monthly policy in April, the RBI has kept key rates unchanged. Currently, the repo rate stands at 8% while the reverse repo rate stands at 7%. The financial experts...

Eight core industries grow by 4.2 % in April

June 3, 2014 8:50 AM

Eight core industries grow by 4.2 % in April

Output of the country's eight core industries rose by 4.2 per cent in April this year compared to the same month last year. This was boosted by higher electricity, fertiliser and cement production. According to official data released yesterday, the coal, crude oil, natural gas, refinery pro...

Gold price falls by Rs 180

June 2, 2014 8:34 PM

Gold price falls by Rs 180

Gold declined 180 rupees, to 27,220 rupees per ten grams at Delhi's bullion market, today, on increased selling by stockists, triggered by a weak global trend.Silver held steady at 40,350 rupees per kilo. Silver coins plummeted 2,000 rupees, to 75,000 rupees for buying 100 pieces.Overseas, ...

Output of 8 core industries rises by 4.2 % in April

June 2, 2014 7:55 PM

Output of 8 core industries rises by 4.2 % in April

Output of the country's eight core industries rose by 4.2 per cent in April this year compared to the same month last year. This was boosted by higher electricity, fertiliser and cement production. According to official data released today, the coal, crude oil, natural gas, refinery product...

Output of eight core industries rises 4.2% in April

June 2, 2014 7:38 PM

Output of eight core industries rises 4.2% in April

Output of the country's eight core industries rose 4.2 per cent in April, boosted by higher electricity, fertiliser and cement production. According to official data released today, the coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity sectors had e...

Overseas investors pumped in nearly Rs 34,000 crore in May

June 2, 2014 2:27 PM

Overseas investors pumped in nearly Rs 34,000 crore in May

Overseas investors pumped in nearly 34,000 crore rupees in the Indian market last month on hopes that the new government at the Centre would push reforms and spur economic growth. As per the data compiled by capital markets regulator SEBI, net investment by FIIs into Indian equities in May was 14,00...

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