New Delhi/Mumbai: The Cabinet is expected to take a decision on the proposed pharma price control policy on Thursday, which has been in discussion since 2007. But five years, two GoMs and a Supreme Court deadline later, drug experts say there are major loopholes in it. The question is whether the new policy will cut down drug prices or will medical bills go higher up in the long term. The...
08:50 AM, Oct 04, 2012
Washington: Describing the US as an important partner in its development efforts, External Affairs Minister SM Krishna has said for India, it will remain "a relationship of great priority and importance" in the 21st century. "As we look at the priorities for India's foreign policy in the decades ahead, we see not only convergence of interests with the United States, but also a belief in the importance of a strong...
10:35 AM, Sep 29, 2012
New Delhi: Airlines flying to Indian airports could face an auction for peak-time landing slots in a shake-up of aviation policy under the government's economic reform drive. Authorities are also in talks with suppliers to cut taxes on aircraft fuel, a move that would help local carriers which posted losses of $2.5 billion last year as they grappled with high airport charges and below-cost fares. Debt-strapped Kingfisher Airlines, once India's...
09:59 AM, Sep 29, 2012
New Delhi: A ministers panel, headed by Agriculture Minister Sharad Pawar, on Thursday finalised the pharma pricing policy under which 348 essential drugs will come under price control of the government. The Group of Ministers (GoM) will be sending their recommendations to the Cabinet within a week for approval to bring drugs in National List of Essential Medicines (NLEM), that have a total sales of around Rs 29,000 crore, which...
10:41 AM, Sep 28, 2012
New Delhi: The Reserve Bank's decision to cut the Cash Reserve Ratio by 0.25 per cent, the percentage of deposits banks keep with central bank, has received mixed response from India Inc, which has been demanding a reduction in interest rate to spur growth. Interest rates on home and car loans may ease despite the key policy rates left unchanged by the RBI which lowered the CRR by 0.25 per...
04:58 PM, Sep 17, 2012
New Delhi: Prime Minister's Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is "more potent" than a cut in interest rate and it will help banks expand credit portfolio. "The RBI has taken a cautious step. The latest data on inflation has not been encouraging...Under the circumstances, I believe this (25 bps reduction in CRR) is the maximum the Reserve Bank could...
04:45 PM, Sep 17, 2012
The market was expecting the Reserve Bank of India to cut interest rates after the government announced some key policy reforms last week. But by keeping the repo rate unchanged at 25 basis points, the RBI has made it clear that it is more worried about curbing inflation in the short term. However, in a bid to ease liquidity in the system, the central bank has trimmed the cash reserve...
03:54 PM, Sep 17, 2012
Mumbai: The Reserve Bank of India (RBI) has kept its key rates unchanged in its mid-quarter monetary policy review on Monday, which means that the EMIs are unlikely to come down soon. The repo rate is unchanged at eight per cent while the reverse repo rate remains at seven per cent. Only the Cash Reserve Ratio has been cut by 0.25 per cent, which according to the RBI will release...
02:34 PM, Sep 17, 2012
Mumbai: The Reserve Bank of India (RBI) has kept its key rates unchanged in its mid-quarter monetary policy review on Monday, which means that the EMIs are unlikely to come down soon. The repo rate is unchanged at eight per cent while the reverse repo rate remains at seven per cent. Only the Cash Reserve Ratio has been cut by 0.25 per cent, which according to the RBI will release...
02:34 PM, Sep 17, 2012
Mumbai: The Reserve Bank of India (RBI) in its mid-quarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio (CRR) by 25 basis points (bps), a move that will likely infuse Rs 17,000 crore into the economy. The RBI will continue to target inflation in its credit policy. Following are the highlights of the mid-quarter monetary policy review announced by the RBI on...
12:23 PM, Sep 17, 2012
The Reserve Bank of India (RBI) in its mid-quarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio (CRR) by 25 basis points (bps), a move that will likely infuse Rs 17,000 crore into the economy. The RBI will continue to target inflation in its credit policy. Below is the full text of its review report. Monetary and Liquidity Measures On the basis...
11:24 AM, Sep 17, 2012
New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ration (CRR) by 25 basis points, which will leave Rs 17,000 crore more with the banks. Announcing its credit policy on Monday, which came in the backdrop of some big bang reforms pushed by the UPA Government, the RBI brought down the CRR from 4.75 per cent to 4.50 per cent. However, the repo rate remained unchanged at...
11:08 AM, Sep 17, 2012
New Delhi: The Reserve Bank of India (RBI) will be out with its credit policy on Monday amid mixed cues. It will continue to target inflation in its credit policy, that's the unanimous view of bankers, economists and fund managers polled by CNBC-TV18. Eighty per cent of the market expects RBI to leave policy rates unchanged and only 20 per cent expect a cut in repo rate. However, analysts believe...
06:29 AM, Sep 17, 2012
Washington: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially. In a significant shift in the direction of US monetary policy, the Fed has tied its unconventional bond buying directly to economic conditions, a move that is likely to be controversial among central bank critics. "If...
10:32 PM, Sep 13, 2012
More than 2 months have passed since Pranab Mukherjee resigned as Finance Minister but has the great hope that things will change been even partly realised or is it unfulfilled and now looking illusory? ...
10:31 PM, Sep 12, 2012
Mumbai: State Bank chairman Pratip Chaudhuri on Wednesday said he expects the Reserve Bank to leave the key policy rates unchanged, but sees a 100 basis points reduction in the cash reserve requirements (CRR) on September 17, which can help banks trim base rates. The monetary authority is expected to take call on the interest rate regime on September 17 at mid-quarter review, and it is expected that Governor D...
10:53 PM, Sep 05, 2012
Tamil Nadu Chief Minister J. Jayalalithaa appears dead set on taking on the ordinary Sinhalese for her inability to influence the Indian government to pursue a Sri Lanka policy of her choice. It is plain ridiculous to suspend an officer of Chennai's Jawaharlal Nehru indoor stadium for allowing the use of the ground for a football match between a Sri Lankan team and a local team. The game, we are...
02:52 PM, Sep 04, 2012
Disruptions in Parliament leading to policy paralysis has resulted in a sharp decline in investments in the country. ...
09:34 AM, Sep 04, 2012
Chennai: A departure from developer of information technology (IT) infrastructure to lessor model and focus on spreading e-governance activities across the state are going to be the major feature of Kerala government's proposed IT policy to be announced soon, said a top government official. "Instead of building infrastructure we have decided to let out the land on long lease for infrastructure developers who will build the space needed for IT...
07:46 PM, Aug 13, 2012
Bangalore: Comparing Western Ghats to the character of Draupadi in Mahabharata, Ecologist Madhav Gadgil on Wednesday said the inappropriate government policies are stripping the Western Ghats of all their resources. He was speaking at Bio Diversity Asia 2012, a gathering of ecologists from around the world. The Dushyasana here is bad governance. There is no Krishna to save the Western Ghats. It is just wasteful consumption in order to show...
01:28 PM, Aug 09, 2012
