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Textile loans worth INR35,000 crore to be restructured

Aug 09, 2012
The government has directed public-sector banks to restructure loans worth INR35,000 crore to textiles firms, which are facing fin...

FICCI confident of Chidambaram reviving India's growth

Aug 08, 2012
Enthused by Finance Minister P Chidambaram's assurance of fine-tuning policies, industry body FICCI (Federation of Indian Chambers...

AEPC seeks govt aid in loan restructuring for textile sector

Aug 08, 2012
The Apparel Export Promotion Council (AEPC) has urged the government to direct banks to restructure loans to the textiles industry...

Expert speak: Views on RBI monetary policy review

Aug 02, 2012
The Reserve Bank of India (RBI) kept key policy rates unchanged in the first quarter review of monetary policy announced on July 3...

Indian economy to grow by six to 6.5 percent in 2012-13: Ahluwalia

Aug 01, 2012
The Indian economy is expected to grow by six to 6.5 percent in the current financial year, and would take at least two years to r...

RBI keeps key policy rates intact, cuts SLR

Aug 01, 2012
The Reserve Bank of India (RBI) on July 31 kept key policy rates unchanged for the second time since June, saying that lowering th...

India's growth to dip below six percent: Kaushik Basu

Aug 01, 2012
India's economic growth will fall below six percent in the first half of the current fiscal, but would pick up thereafter, and inf...

RBI lowers GDP growth forecast for 2012-13 to 6.5 percent

Jul 31, 2012
India's economic growth is likely to fall to 6.5 percent, inflation accelerate and fiscal deficit widen, the Reserve Bank of India...

Sensex jumps 304 points ahead of RBI policy review

Jul 30, 2012
A benchmark index of Indian equities markets rallied nearly two percent on July 30, the biggest gain in almost a month, led by str...

India's forex reserves grow to USD287.34 billion

Jul 30, 2012
India's foreign exchange (forex) reserves grew by USD589 million to USD287.34 billion for the week ended July 20, central bank dat...

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