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Rajan's right: Govt should compensate PSBs, not use them as extended arms

Aug 28, 2015

Rajan's right: Govt should compensate PSBs, not use them as extended arms

When government forces state-run banks to carry out financial sector activities, but refuses to fully compensate them, that creates distortions in their business. #Economy #RBI #IMF #Narendra Modi #ConnectTheDots #Agriculture #International Monetary Fund #Arun Jaitley #Raghuram Rajan #Aadhaar #public sector banks #Indian Banks Association #Indradhanush #Make In India #Jan Dhan Yojana
Oil & gas exploration shares surge up to 6% on global crude price revival

Aug 28, 2015

Oil & gas exploration shares surge up to 6% on global crude price revival

From a low of $42.23 a barrel touched on August 24, the Brent crude has jumped 13 percent to trade at $48.43 in today's trades so far #crude oil prices #BSE #brent crude #oil & gas shares #slowing Chinese economy #US market recovery #oil exploration companies
Staying focused: RBI to bring down inflation to 4% by March 2018

Aug 28, 2015

Staying focused: RBI to bring down inflation to 4% by March 2018

RBI has projected consumer inflation will hit 6% by January 2016 before gradually easing to 4% in two years later #Economy #RBI #Central bank #Government #Repo rate #Consumer inflation
Saudi King Salman to meet with Obama Sept. 4 - White House| Reuters

Aug 28, 2015

Saudi King Salman to meet with Obama Sept. 4 - White House| Reuters

ABOARD AIR FORCE ONE The White House said on Thursday that Saudi Arabia's King Salman would meet with President Barack Obama in Washington on Sept. #Economy #United States #Syria #Technology #markets #United Kingdom #Iraq
India can replace China as driver of global growth: Jaitley

Aug 27, 2015

India can replace China as driver of global growth: Jaitley

According to IMF, India will overtake China as the fastest growing emerging economy in 2015-16 by clocking a growth rate of 7.5 percent. #Economy #Inflation #India #China #IMF #International Monetary Fund #TheySaidIt #Arun Jaitley #Raghuram Rajan
Smart City project to boost economy with investment, says Naidu

Aug 27, 2015

Smart City project to boost economy with investment, says Naidu

Smart City Plans will be implemented by a Special Purpose Vehicle to be set up for each identified city to enable a focused effort for effective implementation. #Economy #NewsTracker #Venkaiah Naidu #Urban Development Ministry #Smart City project #Urban Local Bodies
Uncertain monsoon still a risk to growth, inflation: RBI

Aug 27, 2015

Uncertain monsoon still a risk to growth, inflation: RBI

The RBI said the government's resolve on fiscal consolidation should propel efforts to reach the target for the gross fiscal deficit for 2015-16 at 3.9 percent. #Economy #Inflation #RBI #TheySaidIt #fiscal deficit #Monsoon
SIT black money probe on mushrooming growth of babas could be revealing

Aug 27, 2015

SIT black money probe on mushrooming growth of babas could be revealing

The SIT sleuths are bound to come up with a wealth of information once they descend on these dubious ashrams. #Economy #HowThisWorks #Black money #Supreme Court #Income tax #Special Investigation Team #ashrams
South Korea finance minister says will boost defence related spending| Reuters

Aug 27, 2015

South Korea finance minister says will boost defence related spending| Reuters

SEOUL South Korea's finance minister said on Thursday the government is planning to boost defence related spending for next year, days after a spike in tensions between North and South Korea that sparked an exchange of artillery fire. Finance Minister Choi Kyung-hwan also said that next year's budget will be expansionary without harming fiscal soundness. "We will also make conservative growth and tax revenue forecasts in a realistic manner," said Choi, at a meeting in Seoul with the country's ruling Saenuri Party to discuss the budget. #Business #Economy #Middle East #South Korea #markets #Argentina #Budget