Search Results for: fiscal deficit

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RBI Eases Tough Gold Import Rules, Allows Private Agencies to Import

The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season.

May 22, 2014

Jewellery Firms Surge after RBI Eases Gold Import Norms

Shares in Titan Co Ltd(TITN.NS) surged on Thursday after the Reserve Bank of India (RBI) eased gold import rules by allowing seven more private agencies to ship the precious metal. The stock was trading up 10.2 percent as of 9:25 a.m.

May 22, 2014

RBI governor says fiscal discipline key for economic growth

New Delhi, May 21 (ANI): RBI governor Raghuram Rajan has reiterated his call for fiscal discipline. Rajan stated that it is essential for the country to achieve sustainable economic growth. Although the comments were part of a broader speech on public sector banks, they come as India's newly elected government led by Narendra Modi is set to face its first credibility test with markets when it delivers a budget by July. Rajan repeated his call while noting that India would not always be able to rely on banks to buy a large portion of its government debt as it usually does. Banks, in turn, raise the funds needed to buy the bonds by attracting deposits from retail investors.

May 21, 2014

Gold Demand to Rise in India as Curbs on Bullion Exports Likely to Ease

India's gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country's new government, the World Gold Council (WGC) and other industry officials said on Tuesday.

May 21, 2014

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Maruti Suzuki Celerio CNG Launched in India; Price, Availability Details

Maruti Suzuki has launched the CNG variant of its much acclaimed Celerio in the country with an attractive price tag of 4.92 Lakh (Ex-Showroom Mumbai).

May 20, 2014

Seven Top Issues Modi Government will have to Address on Priority Basis

When Narendra Modi holds his first meeting at South Block after being sworn-in as the 15th Prime Minister of India, he will be handed over a list of key issues that he will have address on an urgent basis.

May 20, 2014

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Gold Demand in India and China Falls in Q1, Says World Gold Council

Gold demand in major consumers China and India fell in the first quarter from the previous year's record levels, the World Gold Council said on Tuesday, though a drop in sales from bullion-backed investment funds kept overall demand steady.

May 20, 2014

Thailand Wakes up to Martial Law, 'Not a Coup' Says Army

Thailand's army declared martial law nationwide on Tuesday to restore order after six months of street protests that have left the country without a proper functioning government, but denied that it was staging a military coup.

May 20, 2014

Maruti Suzuki Celerio CNG Poised to Debut in June; To Offer Fuel Efficiency of 31.79 kms/kg

Maruti Suzuki, the country's largest car maker is reportedly gearing up to launch a new version of its popular Celerio, Celerio CNG in the country next month.

May 19, 2014

NBA Finals Results and Highlights: Indiana Pacers Top Miami Heat in Game 1

The Indiana Pacers capitalised on home-court advantage for the first time this season in the playoffs to beat the defending champions Miami Heat in Game 1 of the Eastern Conference finals 107-97. Find the highlights information here.

May 19, 2014

S&P says India's Fiscal, Econ Reforms to Determine Credit Rating

The fiscal and economic reforms taken by India's new government in the next two to three months will have "significant implications" on India's sovereign credit rating, Standard & Poor's Ratings Services said on Friday.

May 17, 2014

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Reuters)

Sensex Hits Record High above 25,000; BJP to Face Key Investor Tests

The BSE Sensex and Nifty surged to record highs while the rupee strengthened to an 11-month peak against the dollar on Friday as the opposition Bharatiya Janata Party led by Narendra Modi swept to a resounding majority in the world's largest election.

May 17, 2014