The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
'When the rupee was at 65 a dollar, we wanted to go to Thailand for a holiday.' 'Now at 72, we may find Goa much more attractive.' 'That's how correction happens.' 'If you don't let that correction happen, then it's a pressure cooker that bursts one day.'
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
'Policy was more in line with the expectations.'
Tuned into a cutting edge audiovisual environment, Dr Himanshu Kumar, founder of Mini Theatres, has certainly got an eye for all the right gadgets.
There are however, enough dovish signals in the governor's statement to indicate a pro-growth policy going forward.
Benchmark share indices ended at record closing highs as the cut in statutory liquidity ratio by the Reserve Bank of India at its policy meet today will help inject liquidity, paving the way for credit growth revival.
The Reserve Bank of India on Tuesday kept key rates unchanged.
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
The RBI on Tuesday maintained status quo on interest rates, saying there have been no developments to warrant further easing since an unscheduled rate cut about a fortnight ago.
Worried over a spike in interest rates in the wake of steps to support the falling rupee, the RBI on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.
A naxal commander, who was carrying a reward of Rs 2.10 lakh on his head, was killed in a fierce gun-battle with the security personnel in Rajnandgaon district of Chhattisgarh on Saturday afternoon, the police said.
The Panasonic Lumix GF-6 offers a lot more than just the promise of better quality visuals, fast autofocus and strong low-light photography. But does it present a viable alternative to the standard DSLRs in this price range or compete with the likes of Sony and its NEX range? We find out.
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At least six Karbi Peoples Liberation Tigers militants, including two of its top leaders, were killed and an army man was injured in an encounter with security forces in the early hours in Karbi Anglong district of Assam on Friday.
This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to cut rates to boost economy.
Army troops on Sunday busted a terrorist hideout and recovered arms and ammunition in the forest belt of Jammu region.
The Reserve Bank of India (RBI) clarification on the final norms for new bank licences has much to mull on for the many entities interested. It has clearly ruled out any benefit to the new entrants in terms of more time to meet the cash reserve ratio/statutory liquidity ratio (CRR/SLR) requirements.
On the reduction in the SLR ratio, he said it was a signal from the point of view of long-term reforms.
"Militants in combat uniform barged into the guard room of TV tower at Dalvash in Dooru area of Anantnag district around 12.30 am and overpowered the cops guarding the installation," the police official said.
Twelve passengers were injured on Wednesday as a coach of 13226 UP Danapur-Jainagar Inter-City Express derailed near Bachhwara railway station in Bihar's Begusarai district, official sources said.
The RBI's projections for consumer inflation over the rest of the year indicate some acceleration, with the rate reaching eight per cent in its baseline scenario.
A young man who was arrested after a video clip showed him brandishing a police self loading rifle during Saturday's protests in Mumbai against the violence in Assam was remanded in crime branch custody till August 24.
Two Naxals were also gunned down in these face-offs.
Two Naxals including a woman were arrested in Raipur with arms and ammunition including nearly 300 live cartridges, the police said.
ICICI Bank Chairman K V Kamath on Thursday disagreed with the suggestion of SBI chief Pratip Chaudhuri that RBI should scrap CRR, saying it is part of the monetary policy and no issue can be made of it.
The government must guarantee the entire loan and the interest rate, so that there is no additional provisioning requirement.
T C A Srinivasa-Raghavan recalls a tussle between the government and RBI when Rajiv Gandhi was prime minister and how it was resolved.
Eight-year-old Qamar Hashim is a celebrity in his country. Holding his SLR camera close to his chest, Hashim wanders in the streets of Iraqi capital Baghdad shooting dramatic landscapes of country trying to resurrect itself.
The volume in the anonymous trading platform, NDS-OM, was Rs 7,210 crore - less than half the normal volume, but not as bad as the start of the day indicated.
At least five Maoists were killed in a fierce gunbattle with security forces in Orissa's Jajpur district on Sunday.
The Delhi police's Special Cell has lodged an FIR under sections of the Unlawful Activities Prevention Act (UAPA) and sections of the IPC dealing with sedition to investigate the violence at Red Fort in Delhi on January 26.
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
This call comes even as both RBI as well as the government are fighting high inflation, driven by a massive jump in vegetable prices since mid-December with unseasonal rain affecting crops.
Over 600 bullets and a dozen improvised explosive devices recovered after a gunbattle.
An AK-47 rifle, one SLR, three Insas rifles and a .303 rifle were also recovered from the encounter spot.
The move by the central bank follows concerns over tight liquidity conditions and banks' unwillingness to lend to NBFCs.
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