Frankfurt: The Reserve Bank of India (RBI) has said it would take into account falling inflation while deciding on policy initiative in its review next month. "We certainly will take note of the softening of inflation and the external payments situation in the next mid-quarter policy statement on June 17," RBI Governor D Subbarao said at an event in Frankfurt on Tuesday.
He said he was happy to see that inflation coming down to below 5 per cent mark. The headline wholesale inflation fell to 41-month low in April, dropping within the central bank's comfort zone of less than 5 per cent and fuelling market hopes for more monetary easing to revive sagging economic growth.
RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17. Inflation eased to 4.89 per cent in April on account of decline in prices of food items, including fruits and vegetables. Based on the Wholesale Price Index (WPI), it stood at 5.96 per cent in March. In April, 2012, it was 7.50 per cent. April recorded the lowest level of inflation since November, 2009 when it was 4.78 per cent.
Encouraged by the declining trend in inflation, India's Finance Ministry made a case for further rate cut by the RBI to boost sagging growth. "I think we need to look at statement made by RBI Governor during the last policy review where he had stated that RBI is closely monitoring inflation figures and if there is dramatic
05:35 PM, May 15, 2013
Berlin: Bayern Munich won their German league title in record time on Saturday by beating Eintracht Frankfurt 1-0 to open up an unassailable 20-point lead with six games left in the season. The Bavarians ended the two-year reign of Borussia Dortmund by clinching their 22nd Bundesliga title faster than any club in the league's 50-year history. Bastian Schweinsteiger beautifully flicked the ball into the net with a backheel in the...
09:23 PM, Apr 06, 2013
The 52-year-old will remain at the club until 2014, to put an end to speculations that he would move to Schalke. ...
02:21 PM, Mar 26, 2013
Frankfurt: Lufthansa flight attendants walked off the job on Friday at Germany's busiest airport, causing more than 200 flights to be cancelled as their union warned of more stoppages unless the airline gives in to its demands. Lufthansa, Germany's largest airline, said it cancelled more than 200 short- and medium-haul flights from and to Frankfurt airport after some 1,000 cabin crew went on strike. A small number of long-haul flights...
08:02 PM, Aug 31, 2012
New Delhi: Come September, Air India will have all its Boeing 777s pressed into service and flights restarted to important destinations like Hong Kong, Seoul, Frankfurt and New York to regain lost international market share. The airline has eight 777 LR (long range) and twelve 777 ER (extended range) which were grounded during the 59-day strike that crippled the carrier's outbound operations and caused an estimated revenue loss of Rs...
01:12 AM, Aug 13, 2012
Milan: Protestors worldwide geared up for a cry of rage on Saturday against bankers, financiers and politicians they accuse of ruining global economies and condemning millions to poverty and hardship through greed. Galvanised by the past month's Occupy Wall Street movement, they plan to take to the streets from New Zealand to Alaska in cities from London, Frankfurt to New York itself. Riot police prepared for any trouble - cities...
11:22 AM, Oct 15, 2011
New Delhi: In a first showcase of Indian indigenous writing, a literary panorama featuring works by over 30 language writers will be on display at the Frankfurt Book Fair in a pilot exhibition for readers and publishers from Europe, the US and other countries. The literary panorama, initiated by the union culture ministry under the 'ILA: Indian Literature Abroad' project, will be held on Oct 12-16. The project aims to...
05:58 PM, Oct 10, 2011
New York: Prime Minister Manmohan Singh left the US on Monday for Frankfurt on his way back home after concluding a five-day visit during which he attended the high-level segment of the UN General Assembly. Singh will have a technical overnight halt in Frankfurt before leaving for home on Tuesday. A cake may be cut mid-air to celebrate his 79th birthday on Monday on the New York-Frankfurt leg. In his...
07:22 PM, Sep 26, 2011
New Delhi: The prestigious Frankfurt Book Fair is reaching out to new segment of Indian readers at the grassroots to enhance literacy and reading competence. 'Jumpstart', a programme under the 'Litcam - Competence for Life' programme, is part of the fair's three-pronged outreach programme to tap into the exploding readers' and publishing market, bring the marginalised sections of readership to the mainstream and combat functional illiteracy. At the core of...
02:40 PM, Aug 27, 2011
Frankfurt: A gunman fired shots at US military personnel on a bus outside Frankfurt airport on Wednesday, killing two people and wounding two before being taken into custody, authorities said. Kosovo's interior minister told The Associated Press that German police have identified the gunman as a Kosovo citizen. The attack came as the bus sat outside Terminal 2 at the airport, Frankfurt police spokesman Manfred Fuellhardt said. The two killed...
12:10 AM, Mar 03, 2011
The show lacked the excitement of yesteryears due to the recession. ...
07:48 PM, Sep 26, 2009
Environment-friendly cars and the fuel-savers stole the show. ...
03:06 PM, Sep 18, 2009
Efforts are on to prevent global economic crisis into snowballing. ...
07:34 AM, Nov 21, 2008
Hedge funds were caught off-foot as Porsche quietly tried to up its stake. ...
09:08 PM, Oct 28, 2008
A US citizen who arrived in Chennai from Frankfurt was detained at the airport for carrying a rifle and cartridges. ...
08:30 PM, Dec 25, 2006
One such author, whose books are making waves at the Frankfurt Book Fair, is 23-year-old Sonia Mackwani. ...
05:06 PM, Oct 09, 2006
Journalist and author Neelesh Misra's latest book has just been released at the Frankfurt Book Fair. ...
06:24 PM, Oct 07, 2006
A collection of poems by an ULFA leader has got rave reviews at the ongoing Frankfurt Book Fair. ...
08:43 PM, Oct 06, 2006
Indian publishers have high expectations, as the emphasis will be on book deals and the sale of rights. ...
03:01 PM, Oct 05, 2006
