The RBI's monetary policy "has to act" even if inflation is driven by food prices, Duvvuri Subbarao, the central bank governor, said on Wednesday.
The RBI in its April policy
Economy to grow at 7.5% in FY13, says Escap report
India is projected to see a faster growth of 7.5 per cent this fiscal on the back of higher savings and investment rates, even as most of the Asia-Pacific economies are likely to expand at a slower pace, says a UN report.
The government may look at free export of rice and wheat in the light of a record 252 million tones of foodgrain production. Sugar and cotton exports with some
The Reserve Bank of India (RBI) is expected to cut the rate at which banks borrow overnight money from it (called the repo rate) by 25 basis points to fuel
Reserve Bank of India (RBI) Governor D Subbarao has said that India will "gradually" move towards capital account convertibility only after preconditions like fiscal consolidation are met.
"There is no
The visiting US Commerce Secretary is willing to consider the suggestion that American companies should set up JVs for power equipment manufacturing in India, an official said today.
US Commerce
The country's internet economy is expected to reach Rs 10. 8 lakh crore by 2016 as the country's growth rate in this segment is far ahead of many of
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