RBI Governor calls for immediate steps to raise farm production

RBI Governor D Subbarao has said that rising prosperity in rural India is leading to food scarcity, which is driving up food prices. He said, though RBI is responsible for management of inflation, food inflation arises mainly due to supply side constraints. He was talking to students of the Indian I...

Rural prosperity leading to food scarcity: Subbarao

RBI Governor D Subbarao has said that rising prosperity in rural India is leading to food scarcity, which is driving up food prices. He said, though RBI is responsible for management of inflation, food inflation arises mainly due to supply side constraints. He was talking to students of the Indian I...

Agriculture sector poised to grow at 5.4 pc in current fiscal

Agriculture sector is poised to grow at the rate of 5.4 percent during the current fiscal. According to advanced estimates, things are looking bright in the current year with a relatively good monsoon. The agriculture and allied sector registered a growth of 3.4 percent during the first half of the ...

Agriculture sector poised to grow by 5.4 pc

Agriculture sector is poised to grow at the rate of 5.4 percent during the current fiscal. According to advanced estimates, things are looking bright in the current year with a relatively good monsoon. The agriculture and allied sector registered a growth of 3.4 percent during the first half of the ...

World Bank has expressed satisfaction with India's economic growth. In its latest series of Updates, it has pointed out that India's economic growth seems to be back to the pre-crisis trend. It has also expressed its concern on inflation. In a statement released in New Delhi, the b...

CII and FICCI welcome Rail Budget

Sensex rises modestly, gains 69 points<br/>

Snapping a three-day losing streak, the Sensex at the Bombay Stock Exchange rose a modest 69 points, or 0.4 percent, to 17,701, today, on easing crude oil prices, and amid firm regional markets. The Nifty at the National Stock Exchange added 41 points, or 0.8 percent, to 5,304.

Sensex up by 148 pts during noon trading

The Bombay Stocks Exchange benchmark Sensex gained over 166 points in opening trade today. It was trading at 18,780, up by over 148 points a short while ago. .Brokers said fresh buying by funds and retail investors amid a firming trend in Asia mainly boosted the trading sentiment.Meanwhile, Japan&am...

Rupee up by 16 paise against dollar

The Indian rupee appreciated by 16 paise to 45.32 rupees per dollar today. It had closed at 45.48 rupees against the greenback in the previous session. Forex dealers said dollar weakness against other currencies and a higher opening in the stock market kept the rupee sentiment firm.

Oil prices fall

Oil prices fell in Asian trade today as supply fears eased with oil cartel OPEC promising to boost output to make up for any production loss in revolt-hit Libya. New York&apos;s light sweet crude lost 40 cents to 96.88 dollars per barrel.Brent North Sea crude was down 47 cents to 110.89 dollars ...