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June 11, 2015 6:56 PM
The Reserve Bank today said Rs 7,940 crore earmarked for recapitalisation of PSU banks in the current fiscal is not adequate and has asked Finance Ministry to increase the quantum of assistance in view of mounting bad loans and to support growth. RBI Deputy Governor S S Mundra said that they have be...
June 11, 2015 2:24 PM
India is expected to grow 7.5 per cent this year, surpassing China, and for the first time is leading the World Bank's growth chart of major economies. After the release of the latest Global Economic Prospects report, Kaushik Basu, World Bank Chief Economist and Senior Vice President said w...
June 11, 2015 12:06 PM
Current Account Deficit, CAD, narrowed sharply to 0.2 per cent of gross domestic product in the January-March quarter of 2014-15. In a statement, RBI said that the deficit shrank to 1.3 billion US dollar in the quarter. This is lower than the deficit of 8.3 billion dollar, or 1.6 percent of GDP, in ...
June 11, 2015 9:12 AM
Oil prices rose solidly for a second day in a row yesterday after US data showed declines in crude and gasoline inventories. US benchmark West Texas Intermediate for July delivery advanced 1.29 US Dollar to 61.43 dollar a barrel on the New York Mercantile Exchange. European benchmark Brent oil for J...
June 11, 2015 9:11 AM
African leaders have agreed to create the continent's largest free trade zone, covering 26 countries in an area from Cape Town to Cairo. The deal, signed in Egypt, is intended to ease the movement of goods across member countries which represent more than half the continent's GDP. ...
June 11, 2015 8:44 AM
United States posted a budget deficit of 82.4 billion dollar in May, a 37 per cent drop from the same period last year, the US Treasury Department said. The deficit was 130 billion dollar in May of 2014, according to Treasury's monthly budget statement. The current fiscal year-to-date defic...
June 11, 2015 7:20 AM
Current Account Deficit, CAD, narrowed sharply to 0.2 per cent of gross domestic product in the January-March quarter of 2014-15. In a statement, RBI said that the deficit shrank to 1.3 billion US dollar in the quarter. This is lower than the deficit of 8.3 billion dollar, or 1.6 percent of GDP, in ...
June 11, 2015 6:39 AM
The indirect tax revenue collection has gone up by over 37 per cent in May this year against the same period in last year. Giving data on the progress of tax collection, Finance Minister Arun Jaitley told reporters in New Delhi that the cumulative growth of indirect tax collection in April and May g...
June 10, 2015 9:10 PM
Current Account Deficit, CAD, narrowed sharply to 0.2 per cent of gross domestic product in the January-March quarter of 2014-15. The RBI in a statement issued in Mumbai said today the deficit shrank to 1.3 billion US dollar in the quarter. This is lower than the deficit of 8.3 billion dollar, or 1....
June 10, 2015 8:57 PM
The indirect tax revenue collection has gone up by over 37 per cent in May this year against the same period in last year. Giving data on the progress of tax collection, Finance Minister Arun Jaitley told reporters in New Delhi that the cumulative growth of indirect tax collection in April and May g...
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