Washington: The US has said that there is no change in its policy towards issuing visas to Indian students. "I don't think we've changed our policy with regard to the way we interview applicants," State Department spokesperson Victoria Nuland told reporters at her daily news conference. "I think what we are doing is making sure that the sponsoring organisations truly are what they say they are in the United States;...
10:49 AM, Apr 25, 2012
After reports of policy paralysis hitting reforms, which was attributed to his speech in the US, Kaushik Basu, the Chief Economic Advisor to the PM now claims he was misquoted. ...
12:26 PM, Apr 24, 2012
New Delhi: India's Chief Economic Advisor Dr Kaushik Basu's statements on policy paralysis led to the BJP accusing the government of being in a coma and the government blaming the Opposition for the situation. Boardroom corners, industry chambers, policy-makers - everwhere - this was a hushed up conversation. And now its official - an admission coming from none other than Basu. "Reforms are unlikely before the 2014 elections. Bureaucracy doesn't...
10:31 PM, Apr 20, 2012
Economist Gurcharan Das commended Kaushik Basu, the PM's Economic Advisor, for openly suggesting that economic reforms were unlikely before 2014. ...
10:32 AM, Apr 20, 2012
New Delhi: The government on Tuesday said the National Telecom Policy (NTP) 2012 will be in place by May. "It (NTP) will be done in May. We have already said that," IT and Telecom Minister Kapil Sibal told reporters on the sidelines of World IT Forum 2012. The Economic Survey had estimated NTP to be in place by June. The government through new telecom policy has made attempt to set...
06:36 PM, Apr 17, 2012
Mumbai: State Bank of India, the country's largest lender, will cut lending rates on loans that have high interest rates, Chairman Pratip Chaudhuri said on Tuesday. Earlier in the day, the Reserve Bank of India cut its repo rate for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth. But it also warned that there is limited scope...
03:55 PM, Apr 17, 2012
The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent. ...
01:46 PM, Apr 17, 2012
Mumbai: In a bid to boost growth, the Reserve Bank of India (RBI), in its annual monetary policy for 2012-13 , has cut the policy rates by 50 basis points. The repo rate now stands at 8 per cent from 8.50 per cent earlier. Similarly, the reverse repo rate is now at 7 per cent from 7.50 per cent earlier. Lauding the central bank, C Rangarajan, chairman of Prime Minister's...
01:12 PM, Apr 17, 2012
Mumbai: The following are the highlights of the Annual Monetary Policy for 2012-13 announced by the Reserve Bank of India (RBI) Governor D Subbarao on Tuesday: * Short term lending rate (repo) lowered by 0.50 per cent to 8 per cent. * Cash reserve ratio retained at 4.75 per cent. * GDP growth for 2012-13 projected at 7.3 per cent. * March-end, 2012-13 inflation expected at 6.5 per cent. *...
12:52 PM, Apr 17, 2012
Mumbai: The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent but did not touch the cash reserve ratio, which remains at 4.75 per cent. The cut in the repo rate is an indication that banks could reduce the interest rates on home and car loans. Following is the full text of RBI's Monetary Policy for...
11:35 AM, Apr 17, 2012
Mumbai: The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent but did not touch the cash reserve ratio, which remains at 4.75 per cent. The cut in the repo rate is an indication that banks could reduce the interest rates on home and car loans. Tuesday's rate cut announced by the RBI in its annual...
11:14 AM, Apr 17, 2012
NEW DELHI: At the internal security conference here on Monday, Tamil Nadu Chief Minister J Jayalalithaas speech " which became the talk of the town " could very well be taken as a wake-up call for the Manmohan Singh government in the Centre.Its not just internal security, she raised strong objections to the Union governments propensity to keep the States in the dark on foreign policy issues even when such...
08:15 AM, Apr 17, 2012
New Delhi: Home and car loans may get cheaper as the Reserve Bank of India (RBI) signalled a possible interest rate cut to boost economy at its annual credit policy on Tuesday. The government said on Monday that inflation had slightly eased in March, a day before what is forecast to be the first interest rate cut in three years, but a cautious tone from the Reserve Bank of India...
07:46 AM, Apr 17, 2012
Washington: Estimated to have more nuclear weapons than India, Pakistan is rapidly developing and expanding its atomic arsenal, spending about $ 2.5 billion a year to develop such weapons, a report has said. "Pakistan has been rapidly developing and expanding its nuclear arsenal, increasing its capacity to produce plutonium, and testing and deploying a diverse array of nuclear-capable ballistic and cruise missiles," said the report 'Assuring Destruction Forever: Nuclear Modernisation...
09:15 AM, Apr 11, 2012
New Delhi: The Reserve Bank of India (RBI) on Tuesday reiterated its concerns on inflation and a widening current account deficit in a meeting with economists a week before its annual monetary policy review, according to two economists who were there. A Reuters poll of 20 economists issued on Tuesday showed the RBI is expected to cut rates for the first time in three years to give a boost to...
02:50 AM, Apr 11, 2012
African nations are not known for peaceful democratic movements but events of last few months have changed this perspective. People of Tunisia, Egypt and Southern ...
02:22 PM, Apr 10, 2012
Mumbai: Country's largest lender SBI on Saturday said it will reduce lending rate if the Reserve Bank reduces cash reserve ratio in the credit policy later this month. "We expect a CRR (Cash Reserve Ratio) cut of 75 basis points. If it happens we will definitely pass the benefit to the consumers," State Bank of India (SBI) Chairman Pratip Chaudhuri said on the sidelines of 6th International Banking and Finance...
06:42 PM, Apr 07, 2012
Washington: Asian Americans with college degrees are more likely to be jobless than their white counterparts in this harsh economy, according to a report. A study by the Economic Policy Institute entitled "Unfairly Disadvantaged" found that, while Asian Americans had lower overall jobless rates than whites from 2007-2010, those with Bachelor's degrees or higher faced tougher odds of finding work than their Caucasian counterparts, reported Xinhua. The findings are important,...
07:51 AM, Apr 07, 2012
Beijing: India has been pursuing an independent foreign policy based on its national interest, including good ties with Beijing, an influential Chinese daily said on Friday, dismissing perception that New Delhi's 'Look East Policy' is aimed at collaborating with US to contain China. "India lately held a trilateral dialogue with the United States and Japan, and it has also close contacts with Vietnam, Myanmar and some other Southeast Asian countries,"...
08:26 PM, Apr 06, 2012
Kolkata: Stating that he has kept inflationary expectations at six per cent to seven per cent in the coming months, union Finance Minister Pranab Mukherjee on Saturday said current moderations in headline inflation have improved the prospect of Reserve Bank of India (RBI) easing monetary policy. "Moderations in the core inflation rate in the past month have improved the prospects of reversal in the policy rates cycle and I am...
02:11 AM, Apr 01, 2012
