Search Results for: economic recession

government-to-set-up-inflation-target-rbi-to-implement-chidambaram

Government to set up inflation target, RBI to implement: Chidambaram

New Delhi, March 07 (ANI): Union Finance Minister P Chidambaram asserted on Friday that the government has the right set up an inflation target while the Reserve Bank of India's (RBI) role is to implement the decision. The comment by Chidambaram comes after a RBI panel in January proposed moving to an inflation target of 4 percent in three years, with a 2 percent band on either side when setting monetary policy, sharply below current levels. The recommendation raised concerns about a potential clash with the traditionally more pro-growth finance ministry, which were further reinforced after RBI surprised investors in January by raising interest rates by a quarter percentage point, its third hike in five months. Chidambaram made it clear that parliament will set an inflation target and entrust the central bank to implement the propositions. Mar 7, 2014
bse-closes-points-405-92-up-on-march-7

BSE closes points 405.92 up on March 7

New Delhi, March 7 (ANI): Trading at the Bombay Stock Exchange today closed 405.92 points up to stand at 21,919.79. At the National Stock Exchange the Nifty closed 125.50 points up to stand at 6,526.65. Adani Enterprises Ltd. and DLF were among the top gainers of Group A with an increase of 10.13% and 9.87% along with Jaiprakash Associates Ltd. and Yes Bank with an increase of 9.76% and 8.63% respectively, while the top losers of Group A include Aurobindo Pharma Ltd. and Tech Mahindra with a decrease of 4.82% and 4.61% along with MCX and Dr Reddys Lab with a decrease of 3.74% and 3.59% at the close of the markets. The Auto sector is up 136.52 points at 12,721.44 while the banking sector is up 689.10 points at 13,567.23 and the realty sector is up 69.64 points at 1,359.57. The Indian currency is down 0.03% at Rs 61.09 per dollar. Mar 7, 2014
ukrainian-economy-in-dire-straits-economist

Ukrainian economy in dire straits: economist

With no end in sight to the crisis in the Crimea, Ukrainian Economist Oleg Ustenko says the country's economy is 'in really bad shape', and that weakened economic ties with Russia could have a 'huge' effect. Duration: 01:19 Mar 6, 2014
india-sets-dates-for-worlds-biggest-election

India sets dates for world's biggest election

India, the world's largest democracy, announces it will stage a five-week election from April 7 that is expected to bring Hindu nationalist Narendra Modi to power on a platform of economic revival. Duration: 01:20 Mar 5, 2014
police-gun-down-two-maoists-in-encounter-in-odisha

Police gun down two Maoists in encounter in Odisha

Koraput, Mar 5 (ANI): Police killed two Maoists in an encounter in a forest area near Pottangi in Koraput district of Odisha, and recovered a huge cache of arms and ammunition from them. Inspector General of Police (IGP) (south-western range), Yashbant Jethwa said that rebels opened fire at the security forces who were on a routine combing operation and in retaliation, the security forces also opened fire in which the Maoists were killed. The other Maoists fled the area, leaving behind the bodies of their slain comrades. Maoists are rebels who try to sink deep roots and form links after decades of neglect. Equipped with weaponsthe Maoists want to cripple economic activity. Security personals of late are coming down heavily upon the left wing extremists, denting their confidence and spreading the fear of law. Mar 5, 2014
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