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India prepared to deal with US interest rate hike: FinMin India prepared to deal with US interest rate hike: FinMin "The government and RBI, we are prepared for all eventualities, as and when the situation emerges. I am confident we will be able to deal with it," Economic Affairs Secretary Shaktikanta Das said at an ICRIER event here.
August WPI inflation dips to historic (-)4.95%, pressure on RBI to cut rate August WPI inflation dips to historic (-)4.95%, pressure on RBI to cut rate The Wholesale Price Index-based inflation was (-)4.05 percent in July. It has been in the negative zone since November 2014. In August 2014, inflation was 3.85 percent.
Contraction deepens: August WPI inflation falls to -4.95% Contraction deepens: August WPI inflation falls to -4.95% The WPI inflation for the month of August stood at -4.95 percent for the month of August, 2015 (over August, 2014) as compared to -4.05 percent for the previous month and 3.85 percent during the corresponding month of the previous year, according to the data released by the government.
FM Jaitley exhorts US companies to invest more in infrastructure sector FM Jaitley exhorts US companies to invest more in infrastructure sector Jaitley was addressing the 11th Indo-US Economic Summit, which among others was attended by the US Ambassador to India, Richard Verma.
Our objective is to build on Indo-US bilateral relation: FM Jaitley Our objective is to build on Indo-US bilateral relation: FM Jaitley Both India and US have ambition to increase bilateral trade from existing $100 bn to $500 bn in next few years, Jaitley said.
Cooling inflation to fuel calls for lower interest rates Cooling inflation to fuel calls for lower interest rates With price pressures at record lows, expectations are building that the RBI will lower borrowing costs by at least 25 basis points (bps) at its next policy review on September 29, after three cuts earlier this year.
Aluminium industry leaders meet Jaitley, ask import duty hike Aluminium industry leaders meet Jaitley, ask import duty hike The delegation from industry body Aluminium Association of India was led by Vedanta Group CEO Tom Albanese, Hindalco Deputy Managing Director D Satish Pai and Nalco CMD T K Chand.
Jayant Sinha pitches for lower rates, making exports more competitive Jayant Sinha pitches for lower rates, making exports more competitive He also stressed on the need to make the Indian exports more competitive by bringing down the cost of capital as also the cost of manufacturing.
Govt may extend interest subsidy scheme for exporters by 3 years Govt may extend interest subsidy scheme for exporters by 3 years The ministries of commerce and finance are discussing the issue and their decision is likely to be sent soon to the Union Cabinet for approval, sources said.
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