Mumbai: The Reserve Bank has attributed decline in the economic growth rate to three-year low of 6.9 per cent in 2011-12 largely to deterioration in the external environment. "Recent data indicate that after a smart recovery during 2009-10 and 2010-11, real GDP growth slipped sharply to 6.9 per cent during 2011-12 largely on account of the deterioration in the external environment and the slowdown in domestic investment," Reserve Bank of...
10:24 PM, Mar 12, 2012
New Delhi: Headline inflation inched closer to the double-digit mark in August, rising to 9.78 per cent on the back of soaring prices of food and manufactured products, which may prompt the RBI to continue with its monetary tightening policy. Overall inflation, as measured by the Wholesale Price Index (WPI), stood at 9.22 per cent in July. The rate of price rise stood at 8.87 per cent in August, 2010....12:41 PM, Sep 14, 2011
New Delhi: Stung by scams, rising prices and runway inflation, an upset Prime Minister Manmohan Singh is likely to go in for a cabinet reshuffle. The overhaul is likely to focus on making the cabinet more cohesive. Sources have told CNN-IBN that the reshuffle is expected to take place after January 14, but before the end of the month. UPA sources have told CNN-IBN that performance and a clean image...08:03 PM, Jan 11, 2011
Life for scores of beggars at the city's traffic intersections is no longer good. ...10:15 AM, Jul 06, 2008
11:23 PM, May 09, 2008
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