Search Results for: Co-operative Bank

current-account-deficit-comfortable-despite-widening-raghuram-rajan

Current account deficit comfortable despite widening: Raghuram Rajan

Kolkata, Dec 12 (ANI): Governor of Reserve Bank of India, Raghuram Rajan said that the RBI was comfortable with the current account deficit (CAD) even after it widened in the July-September quarter. Rajan while speaking at a news conference after the central bank's board meeting in Kolkata city, said risks remain to the current account deficit even though he was not apprehensive about it. Rajan said that gold imports had increased in the country which may have resulted in the increase in the CAD. Global oil prices have fallen to a five-year low on Wednesday. Brent crude oil fell to $63.56 a barrel, the lowest since July 2009, on signs of oversupply and waning demand. Indias largest imports are crude oil and gold. Turning to the economy, Rajan said an interest rate cut won't by itself lead to higher economic growth, although he noted it would have an impact. Turning to limits on foreign investments in government bonds, Rajan said it would look at raising the limit at an appropriate time, and would look at expanding it steadily. Dec 12, 2014

DCW questions Uber authorities, demands how services became operative without govt's consent

New Delhi, Dec 09 (ANI): Delhi Commission for Women on Tuesday summoned Uber cab services authorities for questioning them. The General Manager Gagan Bhatia said that he is extremely sorry for such an incident. DCW Chairperson Barkha Shukla said that Uber authorities were questioned on various aspects like the basis on which they hire a driver for cab. She said that the authorities answered that the rape accused driver was completely eligible as per the requirements of Uber. She also said that the only demand from government is to look into the matter as how the foreign companies come in India and start doing business without the government's consent. Dec 9, 2014
Prev 706 707 708 709 710 711 712 713 714 715 Next