Search Results for: foreign investors

rbi-holds-interest-rates-steady-says-tracking-inflation-and-government-action

RBI holds interest rates steady, says tracking inflation and government action

Mumbai, Feb 03 (ANI): Reserve Bank of India on Tuesday held interest rates steady while boosting banks' liquidity in a bid to persuade them to lower lending rates after they failed to pass on the benefits of the last official rate cut three weeks ago. The RBI kept its policy repo rate unchanged at 7.75 percent, as expected by analysts, leaving its next reduction probably until after the government presents its annual budget at the end of this month. Instead, to prod banks to lend more and lower their lending rates, the RBI cut the statutory liquidity ratio (SLR) - the minimum portion of net deposits that banks must hold in government bonds, cash or gold - by 50 basis points to 21.5 percent from February. 7. The RBI also announced a slew of initiatives to develop markets, including allowing foreign institutional investors to re-invest government bond coupons even when their investment limits were exhausted. The RBI described the domestic economy as "subdued", regardless of the government revision of gross domestic product data, using a new formula which showed the economy grew 6.9 percent in 2013/14, instead of 4.7 percent. Feb 3, 2015
aap-rubbishes-bjps-allegations-on-black-money

AAP rubbishes BJP's allegations on black money

New Delhi, Feb 03 (ANI): Aam Aadmi Party (AAP) hit back at ruling Bharatiya Janata Party (BJP) on Tuesday after it alleged that the former accepted black money for funding its election expenses for Delhi polls. Taking a jibe at the BJP, AAP leader Ashutosh said that it was "frustrated" seeing the party taking an edge in opinion polls. BJP leader Nalin Kohli accused Kejriwal of converting black money into white. Meanwhile, Congress leader Manish Tewari said that AAP should reveal from where such a huge amount of money came. The BJP had alleged on Monday that shell companies were created to transfer rupees 20 million to AAP on April 05, 2014, while official records pointed that these companies didn't make any profit and had common directors. The BJP had also alleged that AAP circumvented laws to accept donation from foreign company. Feb 3, 2015
bjp-alleges-aap-accepts-black-money-as-funds

BJP alleges AAP accepts black money as funds

New Delhi, Feb 03 (ANI): Bharatiya Janata Party questioned the source of Aam Aadmi Party's funding, alleging that AAP accepted black money, ahead of Delhi polls. The BJP alleged that shell companies were created to transfer rupees 20 million to the AAP on April 05, 2014, while official records pointed that these companies didn't make any profit and had common directors. The BJP further added that AAP circumvented Indian laws to accept donation from foreign company. But the party was silent on initiation of probe against the AAP. Meanwhile, AAP leader Yogendra Yadav asked the central government to initiate investigation into allegations. Delhi goes to polls on February 07 for the second time in 14 months after AAP chief Arvind Kejriwal resigned as Delhi Chief Minister in February 2014 after being 49 days in power. Feb 3, 2015
chennai-hosts-3-day-india-international-leather-fair

Chennai hosts 3 day India international leather fair

Chennai, Feb 03 (ANI): The India international leather fair is drawing huge crowd of customers, traders and exhibitors to Chennai city. The three-day 30th edition of India International Leather Fair 2015 was opened for business visitors from Sunday. The exhibition showcases entire range of products - from raw material to finished products and auxiliary products such as finished leather, shoes, shoe components, leather garments, fashion accessories and leather goods. General Manager of India Trade Promotion Organisation, V Kumar said the machinery and equipments displayed by foreign participants were in great demand among Indians. The domestic leather industry provides employment to about 2.5 million people. Feb 3, 2015
foreign-minister-sushma-swaraj-launches-visit-india-year-2015-campaign

Foreign Minister Sushma Swaraj launches 'Visit India Year-2015' campaign

Beijing, Feb 2 (ANI): Foreign Minister Sushma Swaraj on Monday launched the 'Visit India Year-2015' campaign in Beijing. Swaraj emphasized on the cultural exchange initiatives between both the countries and said that tourism is an effective vehicle to promote people to people understanding. Feb 2, 2015
Prev 879 880 881 882 883 884 885 886 887 888 Next