RBI's status quo on policy rates in line with expectations: CII

CII today said RBI's decision to maintain status quo was in line with expectations as there has already been a reduction of 50 base points in the last policy. CII Director General, Chandrajit Banerjee said the focus has now shifted to the transmission of lower policy rates to banks&apos...

IMF approves China's yuan as elite reserve currency

International Monetary Fund (IMF) today included China's yuan into its elite reserve currency basket. Yuan also known as the Renminbi, will join the US Dollar, Euro, Japanese Yen and British Pound next year in the basket of currencies IMF uses as an international reserve asset.IMF Managing ...

GDP growth accelerates to 7.4% in Jul-Sep quarter; Core sectors grows by 3.2% in Oct

India's economic growth increased to 7.4 percent in the July-September quarter. The Gross Value Added (GVA), a new concept introduced by Central Statistics Office (CSO) to measure the economic activity, also increased during the second quarter to 7.4 per cent, from 7.1 per cent in the April...

RBI to announce 5th Monetary Policy Review tomorrow

RBI to announce 5th Monetary Policy Review tomorrow

Petrol cheaper by 58 paise, diesel 25 paise

The price of petrol was today decreased by 58 paise per litre and that of diesel by 25 paise. Diesel rates were not changed on November 1, however, it increased by 95 paise on October 16 and 50 paise on October 1. Rates of diesel were decreased by 50 paise on September 1.Previous to the November 16 ...

India to reduce emissions intensity by 33% of its GDP by 2030, says PM Modi

Prime Minister Narendra Modi has said that India will reduce its emissions intensity by 33 percent of its GDP by 2030 ,on the basis of 2005 levels. Outlining India's initiatives and stand on climate issues,the Prime Minister tweeted that 40 percent of India's installed power capaci...

GDP growth accelerates to 7.4% in Jul-Sep quarter

India's economic growth increased to 7.4 percent in the July-September quarter. The Gross Value Added (GVA), a new concept introduced by Central Statistics Office (CSO) to measure the economic activity, also increased during the second quarter to 7.4 per cent, from 7.1 per cent in the April...

Core sector growth rate slows to 3.2 pc in Oct

The growth rate of eight core sectors industries decreased to 3.2 percent in October from a year earlier on account of decrease in crude oil and steel production. The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- with a total ...

Flouting of emission norms: NGT seeks response from Centre, Volkswagen

National Green Tribunal (NGT) today sought response from the Centre and German automobile firm Volkswagen on a plea seeking a ban on manufacture and sale of its vehicles in the country for allegedly flouting emission norms. A bench headed by NGT Chairperson Justice Swatanter Kumar issued notice to t...