The fiscal measures announced by the government and the monetary measures by the Reserve Bank of India were aimed at mitigating the effects of the economic downturn.
At the same time there were few complaints about the wrong reporting of credit information to the Credit Information Bureau (India) Ltd, which was taken up by the RBI with the concerned bank for redressal, minister of state for finance Namo Narain Meena told the house in a written reply.
The partially revised figures for FY'08 stood close to $3 billion at $2,827 million while, the two fiscal years FY'06 and FY'07 saw an outflow of $1.1 billion each and the same was $642 million in fiscal 2004-05.
In June, the government had decontrolled petrol, causing a hike of Rs 3.5 per litre, and increased diesel prices by Rs 2 a litre, LPG by Rs 35 a cylinder and kerosene by 3 a litre -- amid protests by opposition parties.
The gold import stood at nearly 851 tonnes in 2009-10 fiscal, the Minister of State for Finance Namo Narain Meena said in a written reply in the Lok Sabha.
The Indian rupee strengthened 12.9 per cent against US dollar during the year ended March, 2010, touching Rs 45.14, on the back of foreign capital inflows, Parliament was informed on Tuesday.
"The RBI has reported that there has been some rise in various crimes, including murders, at bank premises during the last three years," minister of state for finance Namo Narain Meena told the Lok Sabha in a written reply.
The government on Tuesday said the slowdown in the Europe and US may have contributed to the moderation in India's economic growth rate to 7.7 per cent during the first quarter of the current fiscal.
The New Pension Scheme (NPS), launched by the government, was extended to all citizens of the country from May 1, 2009. Under the scheme, 50 per cent of the funds is allowed for investment in the stock markets.
The country's growth may moderate to 6.25 per cent -- the lower end of the forecast by the Economic Survey for 2008-09 -- in the current fiscal if the global economic downturn prolongs, the Lok Sabha was informed on Friday.
The government on Friday said total value of Participatory Notes holding Indian shares was Rs 1,03,579 crore (Rs 1.03 trillion) at the May-end and there is no definite trend in the PNs issued since November.
Bank loan defaults rose to Rs 74,685 crore (Rs 746.85 billion) at the end of March 2010, with non-performing assets of public sector banks reaching Rs 57,301 crore (Rs 573.01 billion), Parliament was informed on Tuesday.
The government will give state fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum Rs 12,000 crore (Rs 120 billion) to partly compensate them for losses on LPG and kerosene by March 31.
According to data released by the Central Statistical Organisation, India's per capita income has increased by over one-third from Rs 26,003 in 2005-06 to Rs 37,490 in 2008-09, Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.
Rajan will evolve a policy with the help of professional persons for a national consensus if we have to carry on with implementing social and economic changes in a complex economy.
The case related to two Sahara Group firms --Sahara Housing Investment Corporation Ltd and Sahara India Real Estate Corp Ltd -- raising more than Rs 24,000 crore (Rs 240 billion) from an estimated 3 crore (30 million) investors through issuance of certain bonds between 2008-2009.
The gross NPAs of some public sector banks, including State Bank of India and Punjab National Bank have crossed 4 per cent of the total assets at the end of March, 2013.
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
The government on Friday informed the Parliament that Sebi has discovered discrepancies in the claims by the bondholders and the database provided by Sahara Group in the Rs 20,000-crore (Rs 200 billion) investors money refund case.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
It's going to be brother vs step brother contest in Rajasthan's Dausa, where a different 'NaMo' would take on the candidate from NaMo's party. P B Chandra reports.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances