NEW DELHI: A legislation to make the Railway Protection Force (RPF) responsible for all railway related law and order issues, apart from passenger safety, will likely be tabled in March 2012 when the Budget will be discussed in Parliament. The Bill is before the Cabinet for an approval. The RPF Amendment Bill, 2011, which has been sitting for a while, will give it powers to register cases of crime and...
03:07 PM, Feb 13, 2012
New Delhi: Telecom regulator Trai will soon give its recommendations on the exit policy - a move that will pave the way for operators to surrender licences - along with its report on fresh auction of 2G spectrum within two months. "Whatever is connected with the licence conditions, it would be done. Yes," Telecom Regulatory Authority of India (Trai) Chairman JS Sarma told reporters when asked if the regulator will...
07:21 PM, Feb 06, 2012
New Delhi: A day after the Supreme Court cancelled 122 licences in the 2G spectrum case, senior BJP leader Murli Manohar Joshi on Friday accused the UPA government of misusing the NDA government's policy on 2G formulated in 2003. Joshi blamed Prime Minister Manmohan Singh and said that the responsibility of taking action is that of the Prime Minister as well as the Cabinet headed by him. "In case the...
04:59 PM, Feb 03, 2012
Davos: Urging India to move ahead with economic reforms to benefit from the changing global dynamics, top banker Uday Kotak has said it is time for the country to go for a tighter fiscal policy and ease its monetary policy stance. "In the world, what we are seeing is an easing monetary policy and a move toward tighter fiscal policy," Kotak said. "But in India, we had a tighter monetary...
03:06 PM, Feb 01, 2012
You may have heard about changes to Google's privacy settings, but do you know how they impact your online life? ...
08:38 AM, Jan 30, 2012
Mumbai: Banks are likely to reduce lending rates for select sectors and may see an improvement in their net interest margins after the RBI cut cash reserve requirements for banks, top bankers said. The lending rates may be reduced for segments which are seeing higher demand for credit and lower level of defaults, Pratip Chaudhuri, chairman of State Bank of India, the country's top lender, said. The banks, however, did...
10:40 AM, Jan 25, 2012
New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 bps to 5.50 per cent which will be effective from January 28 and held repo rate steady at 8.5 per cent. The move will eases tight liquidity in the banking system and underscore a policy shift from fighting inflation to reviving growth. The CRR cut will infuse Rs 32,000 crore into banks. The reverse...
11:09 AM, Jan 24, 2012
Mumbai: The Nifty closed at more than 2-month high on heavy volumes, rising 1.5% in reaction to the 50 basis points cut in cash reserve ratio (funds that banks have to keep with RBI) by the Reserve Bank of India. Index heavyweights L&T, SBI, ICICI Bank and Reliance Industries were the main drivers on Tuesday. The Sensex rose 244.04 points, to close at 16,995.77 - a tad below the 17,000...
09:39 AM, Jan 24, 2012
The RBI has increased interest rates 13 times since March, 2010, to contain inflation and India Inc has been demanding a cut in the rates to arrest declining economic growth. ...
07:49 AM, Jan 24, 2012
New Delhi: Amid slowing economic growth, the Reserve Bank of India (RBI) is reviewing its credit policy on Tuesday. RBI is not expected to cut interest rates at its review as it remains worried about inflation, but it may cut the cash reserve ratio (CRR) for banks as a way to relieve tight liquidity, a move that would cheer markets as a sign of easing intent. At the policy meet...
07:25 AM, Jan 24, 2012
Mumbai: Indicating that it may not tweak interest rates in Tuesday's policy review, the Reserve Bank of India (RBI) on Monday said it will try to strike a balance between the need for promoting growth and containing inflationary expectations. The RBI said that GDP growth during the current fiscal is likely to fall below its earlier projection of 7.6 per cent, while inflation, which is still a cause for concern,...
07:09 PM, Jan 23, 2012
New Delhi: Overlooking the demand of India Inc to lower interest rates, the Reserve Bank in its policy review may refrain from cutting policy rate as the inflation of manufactured goods is still high. "I don't see moderation in the interest rate (in the coming policy). CRR (Cash Reserve Ratio) cut I am not hopeful," SBI Chairman Pratip Chaudhuri said. "I think there would be strong measures to indicate that...
11:20 AM, Jan 22, 2012
Bangalore: Wipro chairman Azim Premji on Friday hoped that the United Progressive Alliance (UPA) government would get pro-active on policy initiatives after the elections to the five state assemblies. "I personally expect and our company's view is that the government will get much more active on policy initiatives post-elections, irrespective of their results," Premji told reporters here. Assembly elections will be held in Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh...
02:01 AM, Jan 21, 2012
Mumbai: The Reserve Bank of India (RBI) will not cut interest rates at its review on Tuesday, although it is nearly unanimously expected to do so by the end of June, a Reuters poll of 22 economists showed. Seven out of 20 respondents expect the RBI to cut banks' cash reserve ratio (CRR), the proportion of deposits that must be held with the central bank, by 25 or 50 basis...
04:36 PM, Jan 18, 2012
New Delhi: HDFC Chairman Deepak Parekh hit out against the Opposition and the coalition parties and said their style of politics is hurting India's growth. Speaking to Karan Thapar on Devil's Advocate, Parekh praised Prime Minister Manmohan Singh for his efforts and called him the cleanest Prime Minister. Karan Thapar: Hello and welcome to Devil's Advocate. As 2012 gets underway, how do India's top businessmen view the government and its...
02:27 PM, Jan 08, 2012
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
