Mumbai: Inflation is likely to be range-bound and stay around the current levels in this financial year as supply-side issues, along with recent price adjustments in fuel prices, will offset the recent gains, RBI said on Thursday. "Headline inflation in 2013-14 is expected to remain range-bound around the current levels," RBI said in its annual Macroeconomic and Monetary Developments report.
It added: "While sluggish global growth may dampen global inflation risks, domestically energy price adjustments, supply -side bottlenecks, including that of food, and sustained wage pressures may offset the moderation of inflation resulting from growth moderation and past monetary policy actions." Wholesale price-based inflation had moderated to 5.96 per cent in March on the back of cooling down in manufacturing inflation.
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12:59 AM, May 03, 2013
The government on Monday lowered the growth projection for the current financial year to 5.7-5.9 per cent from 7.6 per cent estimated earlier, while pitching for supportive monetary and fiscal policies to improve investor confidence. "Given ...an emerging scenario, it should be possible for the economy to improve the overall growth rate of GDP to around 5.7 per cent to 5.9 per cent for the year 2012-13", said the Mid-Year...
12:59 PM, Dec 17, 2012
The Economic Survey 2011-12 suggests policies to put India on a surer footing for sustained, inclusive growth and all-round development. The survey takes note of the Government fighting malaise of inflation with numerous calibrated steps which constituted a combination of policies to improve supply, especially of food and basic agricultural products and curb fiscal and revenue deficits. Independently, the Reserve Bank of India tightened the monetary policy. While the battle...
03:49 PM, Mar 15, 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: Corporate giant Reliance Industries' Chief Mukesh Ambani on Friday announced that the company would become debt-free in the current financial year. Announcing a bullish stance on the company's financial position, the Chairman and MD said that RIL would become debt-free on a net basis in the current 2011-12 fiscal. RIL had outstanding debt of Rs 67,397 crore ($ 15.1 billion) as of March 31, 2011, as against Rs 62,495...
12:00 PM, Jun 03, 2011
Here is a plan of action for those didn't file their tax returns last year. ...
11:54 AM, Mar 12, 2009
Finance Minister P Chidambaram has confidently said that FY'07 will be one of the best years in terms of growth. ...
04:56 PM, Nov 30, 2006
With this, Jammu and Kashmir will be the only state in the country whose financial year will start on January. ...
11:23 PM, Nov 08, 2006
