Reserve Bank Governor D Subbarao, who has been having a tough time in dealing with spiralling inflation without hurting economic growth, does not want a third term at the helm of the central bank.
Bihar's economy grew at a rate of 11.36 percent from 2004-05 to 2010-11, much above the national average.
The design of these notes to be issued now would be similar in all respects to the banknotes in Mahatma Gandhi Series 2005 issued series.
RBI Deputy Governor Subir Gokarn today said the apex bank will "consider" a further cut in the cash reserve ratio (CRR) if the systemic liquidity conditions continue to be tight.
The economic growth during 2011-12 is estimated to slip to three-year low of 6.9 percent from 8.4 percent a year ago.
The cash deficit is currently is around Rs 1.6 lakh crore . Banks expect it to rise to Rs 2 lakh crore in mid-March.<br /><br />
The proposed EU fuel quality directive would limit use of non-conventional fuel, such as the oil extracted from the vast tar sands in western Canada, saying that exploitation of the oil sands threatens the environment.
BRIC countries have not become less vulnerable to global shocks despite their strong economic growth over the past four years, a survey showed on Monday.
Capital flight, soaring borrowing costs, tanking currency and stocks and a central bank forced to pump vast amounts of cash into local banks - that is what Japan may have to contend with if it fails to tackle its snowballing debt
The government today said that the rate of inflation for rural workers moved up in a majority of states during January, with Maharashtra witnessing the highest level of price rise and Tripura the lowest.
Three out of the seven external members of the RBI's technical advisory committee (TAC) had suggested a cut in the repo rate by 25 basis points, while one member had suggested a 50 basis points cut, it said.<br /><br /> <br /><br />
China has now put in a system to be kicked off on Saturday which will collect original data directly from businesses, the latest bid to improve the accuracy of key indicator.
The gradual relaxation on the use of the yuan in international transactions has led to an increase of Chinese trade now being settled in yuan.<br /><br /> <br /><br />
The economy contracted for the second consecutive quarter after it was down by 0.1 percent in the third quarter.
CBDT Chairman Laxman Das said that another Central Processing Centre at Ghaziabad is being set up to process TDS returns and it will result in reduction of TDS mismatches during the processing of tax returns.
KG-D6 gas output has fallen to below 39 million cubic meters per day after touching a peak of 60 mmcmd in March 2010.
The rupee, which weakened on Tuesday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.<br /><br />
The rating agency said it was making the changes "in order to reflect their susceptibility to the growing financial and macroeconomic risks emanating from the euro area crisis."
SBI today hinted at a possible cut in lending rates in the education loan segment, though it is is unlikely to reduce its base rate for now.
The international economic outlook is showing tentative signs of improvement, with the momentum shift spreading from the United States and Japan to other developed countries, the OECD's December survey of growth prospects showed.
At 9 am the rupee was at 49.45 to the dollar, compared with Friday's close of 49.40/41. Traders had expected the rupee to open around 49.52 to the dollar and move in a band of 49.36 to 49.81.<br /><br />
Under the plans, Alibaba Group would use bank loans and cash plus an asset swap to buy back about a 25 percent stake, leaving Yahoo holding 15 percent.
A weaker rupee could limit the downside in prices. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.
Germany's finance minister says a deal between Greek party leaders on new spending cuts appears to not yet fulfill all the conditions for a 130 billion ($173 billion) bailout.
A few months ago economists were all but certain the US economy would slow sharply at the start of this year, with many warning that recession risks were growing.
The EGoM meeting, the first in more than 18 months, was to consider changes in gas allocation in view of sharp drop in output from Reliance Industries' eastern offshore KG-D6 block.<br /><br /> <br /><br />
2012 may see better consumption numbers at least on the expenditure side. <br /><br />
Slowdown in agriculture and manufacturing is likely to pull down India's economic growth to a three-year low of 6.9 percent in 2011-12.
Rangarajan claims that the best policy option in current circumstances is strong economic growth, which can absorb the larger inflows without affecting stability.
Various estimates from economists and policymakers have pegged India's gross domestic product growth at between 7 and 7.5 percent in the fiscal year that ends in March.<br /><br />