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Subbarao sees banks cutting lending rates in 3-6 months Subbarao sees banks cutting lending rates in 3-6 months Reserve Bank Governor D Subbarao Friday said banks will "certainly" cut interest rates in the next three-six months even as he asserted there is "less space" for further softening of key policy rates.
Moody's sees India's sovereign outlook stable for next 18 months Moody's sees India's sovereign outlook stable for next 18 months Global rating agency Moody's on Friday said India's sovereign outlook is stable and does not warrant any action on the country's credit rating in the next 12-18 months.
Foodgrain output revised upward by 2% to 255.36 million tonnes Foodgrain output revised upward by 2% to 255.36 million tonnes The foodgrain output for 2012-13 crop year (July-June) was projected at 250.14 million tonne in the second advance estimates released in February.
Inflation to be about 5.5% in FY'14: RBI Inflation to be about 5.5% in FY'14: RBI The Reserve Bank on Friday said it expects inflation to be range-bound around 5.5 per cent during the current fiscal year.
CAD biggest risk to Indian economy: RBI CAD biggest risk to Indian economy: RBI Describing high Current Account Deficit (CAD) as the biggest risk to Indian economy, the RBI on Friday said any further deterioration of CAD could result in its policy reversal stance.
Banks advised not to reject loans for renewable projects: Govt Banks advised not to reject loans for renewable projects: Govt Citing RBI data, the Minister said that banks' outstanding credit exposure to power sector stood at Rs 3,28,900 crore at the end of March 2012.
Fin Min says 2013-14 GDP growth to be over 6% Fin Min says 2013-14 GDP growth to be over 6% Riding on the back of a pick-up in investment and improved investor confidence, the Finance Ministry on Friday exuded confidence that the economic growth will be 6 per cent and above in the current fiscal.
Govt examining all possibility to raise FDI ceiling: Rajan Govt examining all possibility to raise FDI ceiling: Rajan Chief Economic Advisor Raghuram Rajan on Friday said the government is examining all possibility of raising foreign direct investment ceiling in various sectors to help increase inflows and prop up economic growth.
RBI widens scope for PSL, steeply hikes cap on MSME credit RBI widens scope for PSL, steeply hikes cap on MSME credit The Reserve Bank today announced three changes to the priority sector lending norms and more than doubled the limit for MSME advances to the services sector to Rs 5 crore.
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