rbi-governor-says-fiscal-discipline-key-for-economic-growth

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
bangladesh-academician-hopes-for-middle-income-status-by-2021

Bangladesh academician hopes for middle-income status by 2021

Dhaka, May 19 (ANI): Pinning hope on economic revival, Bangladesh academician Bazlul H. Khondker said on Monday that the country will achieve middle-income status by 2021, even as he expressed concerns over trade concessions. Professor of Economics at Dhaka University, Khondker, said that they were concerned about losing trade concessions rather than low cost lending or investment. May 19, 2014
Asian Shares Bounce from 4-week low

Asian Shares Soft, China Slowdown Fears Resurface

Chinese shares led Asia markets down on Monday, as concerns about slower growth in the world's second-biggest economy checked risk appetite and took a large slice off Australian equities. May 19, 2014
A supporter of BJP waves the party flag during celebrations after learning of initial poll results outside the party headquarters in New Delhi

Five Challenges for Modi's New Government

A landslide election victory for Narendra Modi's Bharatiya Janata Party (BJP) has created euphoria in India's financial markets, driving shares to life-time highs and the rupee to its strongest level against the dollar in 11 months. May 17, 2014
Narendra Modi

India Inc's Reaction on Narendra Modi Victory: FICCI and ASSOCHAM Expect Bold Economic Reforms

India Inc has expressed happiness over the clear mandate given to the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to form the government at the Centre, confiding that a stable government will pave the way for healthy economic growth by taking bold economic reforms. FICCI and ASSOCHAM are hopeful that Narendra Modi would bring about big changes to the country. May 16, 2014
Asian Shares Bounce from 4-week low

Asian Shares Tread Water, Bonds Supported

Asian shares pared early losses on Thursday but held below the previous session's one-month highs, while expectations of credit easing by the European Central Bank knocked yields on U.S. and European bonds. May 15, 2014