Bond Funds Expected to Perform Well: Axis MF
Apr 10, 2015
Thomson Reuters | Friday May 1, 2015
Finance Minister Arun Jaitley has sought to placate the Reserve bank of India (RBI) and foreign investors by putting on hold a major overhaul of financial regulation and offering tax concessions on stocks and bonds.
Friday May 1, 2015
Finance Minister Arun Jaitley on Thursday withdrew his Budget proposal to take away the Reserve Bank's power to issue government bonds and manage public debt and to hand it over to an independent agency
Thomson Reuters | Thursday April 30, 2015
The government would now consult the RBI and come up with a detailed roadmap for a new debt management agency, Mr Jaitley, without offering any timeline.
India News | Press Trust of India | Tuesday April 28, 2015
India is "a very frustratingly robust democracy" where unleashing "big bang" reforms is not easy given the multiple centres of veto power, Chief Economic Adviser Arvind Subramanian said in Chandigarh today.
Thomson Reuters | Tuesday April 28, 2015
The Harvard-educated former fund manager however ruled out any change in the plan to set up an independent public debt management agency.
Saturday April 25, 2015
Maintaining that higher borrowings by individuals will lead to purchase-led growth, Minister of State for Finance Jayant Sinha on Saturday said interest rates should fall and hopefully the Reserve Bank of India (RBI) will look into that.
Friday April 24, 2015
Reserve Bank of India Governor Raghuram Rajan on Friday said that for the success of the government's 'Make in India' campaign, domestic demand needs to be managed "carefully" and industry should be made competitive, while stating that economic secur...
India News | Press Trust of India | Friday April 24, 2015
Cautioning against taking farmer suicides "lightly", RBI Governor Raghuram Rajan today said small and marginal farmers across the country should have access to formal financing.
Thomson Reuters | Friday April 24, 2015
The Reserve Bank of India (RBI) is likely to cut interest rates again next month, with analysts polled by Reuters forecasting a strong probability that will act ahead of scheduled policy meetings, as it has done so far this year.
Sunday April 19, 2015
With deflationary trend continuing, the Confederation of Indian Industry (CII) is expecting the Reserve Bank of India (RBI) to cut key policy rates by 0.75 per cent in three tranches this year to revive investments and growth.
India News | Press Trust of India | Friday April 17, 2015
The World Bank chief Jim Yong Kim today said that the "strong visionary leadership" of Prime Minister Narendra Modi has resulted in "extraordinary effort" by India on financial inclusion of its people.
India News | Reported by Saurabh Gupta (with PTI inputs), Edited by Sugam Singhal | Thursday April 16, 2015
Security has been strengthened for Reserve Bank of India or RBI governor Raghuram Rajan, as the Mumbai police investigate a threat email that he received earlier this month, sources have said.
Thursday April 16, 2015
State Bank of India (SBI), the country's largest lender, on Wednesday said it is awaiting clarity on fixing lending rates on the marginal cost of funds as suggested by the Reserve Bank (RBI) for better transmission of monetary policy.
Thomson Reuters | Wednesday April 15, 2015
Mr Sinha's comments came a day after the International Monetary Fund predicted Asia's third-largest economy would become the fastest growing major economy in the world, outpacing China.
Wednesday April 15, 2015
With inflation below the RBI's upper end target range of 6.0 per cent, analysts expect RBI Governor Raghuram Rajan to surprise investors with another rate cut.
India News | Press Trust of India | Monday April 13, 2015
Finance Minister Arun Jaitley is leaving for the US tomorrow night to attend the IMF-World Bank Spring meetings in Washington.
Sunday April 12, 2015
Reserve Bank of India Governor Raghuram Rajan and Chief Economic Advisor Arvind Subramanian got a "little flak" when at the International Monetary Fund or IMF, after a research paper by them on aid by rich nations got leaked to the media.
Friday April 10, 2015
Rajan's comment on full capital convertibility assumes importance as Finance Minister Arun Jaitley today launched the country's first international finance centre in Gujarat.
Thomson Reuters | Friday April 10, 2015
India's consumer inflation edged up in February for the third straight month, mainly driven by food prices, underscoring the risk of a rebound in inflationary pressures from rising commodity prices.
Saturday April 11, 2015
Banking sector will undergo major changes over the next few years while the derivatives market will also become more vibrant, Reserve Bank of India Governor Raghuram Rajan said on Friday.
Press Trust of India | Thursday April 9, 2015
Dr Rajan in an interview to a private news channel said that it would be difficult for weak banks to access market for funds, but for the government support they have to provide a clear business plan.
Thomson Reuters | Thursday April 9, 2015
India's consumer prices index fell to 5.37 per cent in February from a high of 11.16 per cent in November 2013, a few months after Rajan assumed office.
Wednesday April 8, 2015
Axis Bank, the countrys third largest private sector lender, on Wednesday cut its base rate or the minimum rate of lending by 0.20 per cent to 9.95 per cent, following its larger peers who also cut their offerings the previous day following Reserve B...
Wednesday April 8, 2015
"We have given instruction to banks to restructure farm loans," RBI Governor Raghuram Rajan told reporters here.