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Government faces potential clashes with RBI over who decides rates
6 Mar 2015 at 12:20am
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, the government and central bank remain at odds over how crucial decisions are made.
RBI eases norms for home loans for up to Rs 10 lakh
5 Mar 2015 at 6:29pm
Giving a boost to affordable housing, the RBI on Thursday eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit.
Rupee rebounds from one-week low, up 9 paise at 62.16 against US dollar
5 Mar 2015 at 5:50am
Rebounding from one-week low, the Indian rupee on Thursday rose by 9 paise to finish at 62.16 against the dollar, snapping its four-day falling trend, on the back of dollar selling by banks and exporters amid rise in stocks.
GST will transform India's fiscal architecture: Jayant Sinha
5 Mar 2015 at 4:09am
The GST roll out will prove to be a revolutionary step and has potential to transform the "fiscal architecture" of the government, Minister of State for Finance Jayant Sinha said on Thursday.
Japanese companies facing tax, regulations and red tape woes in India
5 Mar 2015 at 3:47am
Japanese companies operating in India are facing problems arising out of complicated tax system, string of regulations and red tape, a senior official of that country said here on Thursday.
Sensex rebounds 68 points as pharma, FMCG, banking shares rise
5 Mar 2015 at 3:07am
After taking a day's breather, markets on Thursday continued their upward journey with the benchmark Sensex rebounding over 68 points while the Nifty edged up 15 points on buying in pharma, FMCG, banking and auto shares amid sustained foreign fund inflows.
Impact of Digital Learning
4 Mar 2015 at 10:40pm
Within the last couples of decades, computers have evolved to be omnipresent, featured in every sphere of business and industry. Information and communication technology (ICT) has grown to be one of the most up and coming branches of education. Digital technology tools in education (EdTech) have presented several advantages over conventional methods of teaching and learning.
Rupee recovers 5 paise against dollar in early trade
4 Mar 2015 at 8:31pm
Snapping its four-day falling streak, the rupee on Thursday recovered by 5 paise to 62.20 against the US dollar in early trade at the Interbank Foreign Exchange market on back of selling of the American currency by exporters.
Sensex, Nifty rebound amid consolidation
4 Mar 2015 at 8:06pm
The market rebounded with marginal gains on Thursday. The Sensex rose 62.50 points to 29443.23 and the Nifty advanced 6.75 points to 8929.40. About 365 shares have advanced, 140 shares declined, and 97 shares are unchanged on the BSE.
China lowers 2015 GDP growth target to 7 per cent, lowest since 1990
4 Mar 2015 at 8:03pm
China has budgeted for a national fiscal deficit of 1.62 trillion yuan ($258 billion) in 2015, the Ministry of Finance said on Thursday in its work plan unveiled at the annual parliament meeting.
Qatar Airways interested in more airline stakes, including IndiGo
4 Mar 2015 at 6:02pm
Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.
After 20 years, RBI to put Re 1 note into circulation
4 Mar 2015 at 10:33am
One rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades.
Rupee slips 33 paise to 1-week low against US dollar after Raghuram Rajan's c...
4 Mar 2015 at 5:08am
In line with weak stocks, the rupee on Wednesday slipped by a hefty 33 paise -- its fourth straight daily loss -- to close at 62.25 against dollar amid RBI Governor Raghuram Rajan's comment that an "excessively strong rupee" is undesirable as it triggers disinflationary pressures.
RBI Governor Rajan expects banks cutting rate from April
4 Mar 2015 at 4:35am
After cutting the repo rate by 25 bps in a surprise inter-meeting monetary policy on Wednesday, Reserve Bank Governor Raghuram Rajan today said he sees banks passing on the benefit of lower rates regime to customers shortly.
Excessively strong rupee undesirable: Raghuram Rajan
4 Mar 2015 at 3:43am
RBI Governor Raghuram Rajan on Wednesday said that the "excessively strong rupee" is undesirable as it triggers disinflationary pressures. "The rupee has remained strong relative to peer countries. While an excessively strong rupee is undesirable, it too creates disinflationary impulses," Rajan said in a statement announcing cut in interest rate cut.