Business

Growth in non-food credit of commercial banks slows to 7.7 % in June

August 2, 2015 1:43 PM

Growth in non-food credit of commercial banks slows to 7.7 % in June

Growth in non-food credit of commercial banks slowed to 7.7 per cent in June this year, from 13 per cent growth in June last year. Growth in non-food credit growth in May this year had stood at 9 per cent, Reserve Bank data showed.Credit to agriculture and allied activities rose 10.6 per cent in Jun...

India's gold imports shot up by about 61 % at 155 tonnes in April-May

August 2, 2015 1:41 PM

India's gold imports shot up by about 61 % at 155 tonnes in April-May

India's gold imports shot up by about 61 per cent to 155 tonnes in the first two months of the current fiscal mainly due to weak prices globally and the easing of restrictions by the Reserve Bank. PTI quoting an official said, in April-May of the last fiscal, gold imports had aggregated abo...

Centre to engage private players for kharif rice procurement

August 2, 2015 1:33 PM

Centre to engage private players for kharif rice procurement

Faced with inadequate storage facility, the Centre has decided to engage private players during the current kharif season for procurement of rice in Uttar Pradesh and four other eastern states. A senior Food Ministry official told PTI that the Union Food Ministry has prepared a policy acting on the ...

Clipping RBI chief's veto not an FSLRC proposal: Member

August 2, 2015 1:23 PM

Clipping RBI chief's veto not an FSLRC proposal: Member

An member of the Financial Sector Legislative Reforms Commission (FSLRC) has said the draft bill seeking to clip RBI chief's veto in deciding interest rates does not reflect the views of the panel and it actually favoured Governor having the last word. The revised draft of the Indian Financ...

Foreign investors pump in net Rs 5,319 cr in July

August 2, 2015 1:13 PM

Foreign investors pump in net Rs 5,319 cr in July

Foreign investors turned net buyers in July and pumped in a net 5,319 crore rupees in the Indian equity markets during the month. Net inflows by Foreign Portfolio Investors in the debt market was 4 crore rupees in July. The total net inflow in both equities and debt was 5,323 crore rupees, or 842 mi...

India's CAD likely to widen in June quarter: DBS report

August 2, 2015 1:00 PM

India's CAD likely to widen in June quarter: DBS report

India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0 per cent of GDP while for the current financial year, it is likely to remain under control, says a DBS report. According to the global financial services major, though the widening of CAD is likely to ra...

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