Spurt in vegetable prices in March may be spoiler for inflation, warns RBI

Growth, Jobs priorities of Government: PM to investors

Prime Minister Narendra Modi, today said that his priority for India is to establish global benchmarks in areas such as governance, transparency and taxation. Interacting with participants of the BlackRock India Investor Summit over dinner tonight, he said the priority of his Government is growth an...

India must set global benchmarks in governance, taxation: PM

Prime Minister Narendra Modi, today said that his priority for India is to establish global benchmarks in areas such as governance, transparency and taxation. Interacting with participants of the BlackRock India Investor Summit over dinner tonight, he said the priority of his Government is growth an...

China overtakes US as top investment destination

China has overtaken the United States as the top destination for foreign direct investment for the first time since 2003. According to the United Nations Conference of Trade and Development, foreign firms invested 128 billion dollars in China and 86 billion in the US last year. The growth in China&a...

Spurt in vegetable prices next month may be spoiler for inflation, warns RBI

The Reserve Bank of India today warned that seasonal spurt in vegetable prices in March could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes. In it's sixth monetary policy document, the apex bank said that the sharp reduction in oil...

RBI receives more than 100 applicants for small & payments banks

Reserve Bank of India today said it has received 72 applications for small finance banks and 41 applications for payment banks. Top corporate houses such as Reliance Industries Limited, Aditya Birla Group, Airtel, Vodafone and Future Group have approached the RBI to seek licences to set up small fin...

World oil prices rise as US refineries strike

World oil prices advanced yesterday following data that showed US oil companies cut drilling activity in response to low prices. US benchmark West Texas Intermediate for March delivery gained 1.33 US dollars to close at 49.57 US dollars a barrel on the New York Mercantile Exchange. European benchmar...

Core sector growth slows to 3-month low of 2.4% in Dec

Slump in the production of crude oil and natural gas, pushed the growth rate of eight core sector industries to three-month low of 2.4 per cent in December last year. In November last year the growth rate was 6.7 percent.Data released by the Ministry of Commerce and Industry showed that, the product...

Hamid Ansari urges industry to embrace 'growth with equity'

Core sector growth slows to 3-month low of 2.4% in Dec

Slump in the production of crude oil and natural gas, pushed the growth rate of eight core sector industries to three-month low of 2.4 per cent in December last year. In November last year the growth rate was 6.7 percent.Data released by the Ministry of Commerce and Industry showed that, the product...