Pranab may ask banks to cut rates to push credit flow
The Economic Times- News- Economy- Finance - 6 hours ago
Reduction in home, auto and corporate loan rates and review of sectoral credit flows are likely to figure prominently when officiating Finance Minister Pranab Mukherjee meets heads of public-sector banks o...
Bank funds not reaching industry, consumers: Nath
The Economic Times- News- Economy- Finance - 1 day ago
Liquidity injected by the Indian government and the central bank has not reached the cash-starved industry and consumers, posing a key challenge for the policy-makers, Commerce and Industry Minister Kamal ...
SBI expected to cut interest rates soon
The Economic Times- News- Economy- Finance - 1 day ago
Rate cut is expected before a meeting with acting finance minister Pranab Mukherjee on Monday. *Gainers: BSE (* *A*, *B* *)* *NSE* *Losers: BSE (* *A*, *B* *)* *NSE* *Earnings*
Forex reserves below $250 bn
The Economic Times- News- Economy- Finance - 2 days ago
Foreign exchange reserves dipped $4.5bn during the week ended January 23 to dip below $250 billion mark largely on account of revaluation of non-dollar assets in reserves vis-a-vis the US dollar.
IMF finalising $100-bn loan from Japan: Report
The Economic Times- News- Economy- Finance - 2 days ago
IMF is finalising a USD 100-billion loan from Japan and is considering issuing bonds to double financial resources.
Jittery Indians cut outward remittances
The Economic Times- News- Economy- Finance - 2 days ago
Indians who had slowly started investing in overseas debt, equity and real estate have turned on their tracks mid-Sept. *NRI Taxation* I *Remittances made easy*
Composite cap for foreign inflows likely
The Economic Times- News- Economy- Finance - 2 days ago
The govt proposes to do away with the ceiling on portfolio investments by FIIs and instead prescribe a composite foreign investment cap, said an official in the commerce and industry ministry.
Centre eases debt rules for states to raise Rs 30,000 crore
The Economic Times- News- Economy- Finance - 2 days ago
The government has relaxed the debt relief guidelines for states to help them borrow an additional Rs 30,000 crore from the market for capital expenditure in the current fiscal.
Banks told to turn prudent in lending during slowdown
The Economic Times- News- Economy- Finance - 2 days ago
The Cabinet secretariat has suggested that banks should stick to their prudential lending norms to ensure their loans do not turn into bad assets, a top government official told ET.
Orissa spends only 32% of budgeted funds
The Economic Times- News- Economy- Finance - 2 days ago
Even as the global meltdown has started hitting the Orissa economy, the government officials have failed to spend the money earmarked for various development activities.
RBI asks WB to complete 100% financial inclusion in 8 districts
The Economic Times- News- Economy- Finance - 2 days ago
The Reserve Bank of India (RBI) has advised West Bengal to complete 100% financial inclusion in eight districts by March 2010.
Government increases states' borrowing limit
The Economic Times- News- Economy- Finance - 3 days ago
The borrowing limit of state governments will be increased and their fiscal deficit targets relaxed to allow them raise funds for capital expenditure for 2008-09, the government said Thursday.
RBI should cut rates to make India Inc competitive: Anand Mahindra
The Economic Times- News- Economy- Finance - 3 days ago
Stating that high interest rates can make the Indian industry uncompetitive, Mahindra & Mahindra Vice-Chairman and Managing Director Anand Mahindra on Thursday said RBI should cut rates further.
Bankers fear rise in bad assets, want RBI to relax deadline for loan recast
The Economic Times- News- Economy- Finance - 3 days ago
Bankers expect more loans to turn bad in coming quarters, as the impact of global slowdown starts setting in.
ADAG to invest Rs 40,000 crore in Madhya Pradesh
The Economic Times- News- Economy- Finance - 3 days ago
Reliance Anil Dhirubhai Ambani Group will invest Rs 40,000 crore in power and cement sectors in Madhya Pradesh.
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