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Chidambaram promises more reforms in coming months Chidambaram promises more reforms in coming months Asserting that the government will last its full five year term, Finance Minister P Chidambaram on Wednesday said people should expect more reforms in the second half of the year.
Barclays sees RBI easing more aggressively; 0.75% cuts by Dec Barclays sees RBI easing more aggressively; 0.75% cuts by Dec British brokerage Barclays on Tuesday said the Reserve Bank will reduce its policy rates by a hefty 0.75 percent till December as against the earlier estimate of 0.25 percent following further cooling off in inflation.
RBI says next series of IIBs could be linked to CPI, too RBI says next series of IIBs could be linked to CPI, too The Reserve Bank Monday said the soon-to-be-launched inflation index bonds could also be linked to consumer price index in the future.
BSE Sensex rises over 100 points; Nifty hits 30-month high BSE Sensex rises over 100 points; Nifty hits 30-month high Also, the wide-based National Stock Exchange index Nifty, surged 29 points to 6,175.
RBI to take note of falling inflation in next policy review RBI to take note of falling inflation in next policy review Reserve Bank of India has said it would take into account falling inflation while deciding on policy initiative in its review next month.
RBI to launch inflation-linked bonds on June 4 RBI to launch inflation-linked bonds on June 4 The Reserve Bank on Wednesday announced it will launch inflation-linked bonds every month, starting June 4, to attract household savings of up to Rs 15,000 crore this fiscal so as to discourage investments in gold.
Gold demand may come down with decline in inflation: Rangarajan Gold demand may come down with decline in inflation: Rangarajan Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said on Wednesday.
Sensex jumps 490 pts to 28-month high on rate cut hopes Sensex jumps 490 pts to 28-month high on rate cut hopes Investor wealth, as measured by market capitalisation, surged by a staggering Rs 1.30 lakh crore as three stocks rose for fall of every two.
'Inflation at 3-yr low unlikely to prod RBI in June' 'Inflation at 3-yr low unlikely to prod RBI in June' In the backdrop of a sharp fall in the headline inflation readings to the RBI's comfort level of below 5 percent and falling consumer price inflation (CPI), the central bank is unlikely to cut lending rates in the upcoming review next month, research firms said Tuesday.
India Inc steps up demand for cut in interest rates India Inc steps up demand for cut in interest rates Fall in inflation rate to over 3- year low, India Inc Tuesday stepped-up the demand for cut in interest rates by the Reserve Bank to boost industrial production and revive the country's economic growth.
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