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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.
RBI pegs 5.7% growth for current fiscal RBI pegs 5.7% growth for current fiscal Projecting a modest pick-up in economic activity in the coming months, Reserve Bank on Friday pegged the Gross Domestic Product (GDP) growth rate for the current fiscal at 5.7 percent, significantly lower than the Finance Ministry's forecast of 6.1 to 6.7 percent.
Indian, US delegates discuss bilateral trade issues Indian, US delegates discuss bilateral trade issues The two delegates held talks on issues related to economy, energy, trade and immigration between the two countries.
Chacko wants JPC meet before May 10, may seek term extension Chacko wants JPC meet before May 10, may seek term extension Chacko has received a go-ahead from the Congress high command to convene a meeting of the committee to adopt the draft report.
India plans safeguard duties on iron, steel items from China India plans safeguard duties on iron, steel items from China India plans to impose safeguard duties on some iron and steel pipes, tubes and profiles to protect domestic producers from a flood of imports from countries like China and Italy.
Inflation seen range-bound this fiscal, says RBI Inflation seen range-bound this fiscal, says RBI Inflation is likely to be range-bound and stay around the current levels in this financial year as supply-side issues, along with recent price adjustments in fuel prices, will offset the recent gains, RBI said Thursday.
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