ECONOMY


Moneylife Digital Team 16 September 2011
Reserve Bank of India continues with monetary tightening despite slowdown The Reserve Bank of India (RBI) today hiked short-term rates by 25 basis points (bps), persisting with its anti-inflationary monetary tightening measures. The RBI announced it was hiking the repo rate (the rate at...

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Yogesh Sapkale Yogesh Sapkale 13 September 2011
The central bank is still worried about high inflation, but with IIP tumbling to a 21-month low, a further slowdown in domestic demand and the turbulent global environment has increased the chances that the RBI might take a pause The Reserve Bank of India (RBI) may not go in for another rate...

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Moneylife Digital Team 26 July 2011
Governor says there is need to persevere with anti-inflationary stance. Bond yields sharply up, while stocks drop  The Reserve Bank of India (RBI) today raised interest rates by a higher-than-expected 50 basis points, indicating the seriousness of the fight against high inflation, despite...

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Moneylife Digital Team 26 July 2011
Hike is higher than was expected; market drops over 1% on the announcement The Reserve Bank of India (RBI) today raised key rates by a steep 50 basis points. (bps). Following this, the repo rate has gone up to 8% from the earlier 7.5% and the reverse repo rate to 7% from 6.5%. The central...

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Moneylife Digital Team 07 July 2011
Pranab Mukherjee expects inflationary pressures to continue due to higher fuel prices New Delhi: While the food and fuel inflation figures announced today have shown signs of easing, union finance minister Pranab Mukherjee has said that inflationary pressures are likely to continue due to...

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Moneylife Digital Team 05 July 2011
Currency growth drops to 15.8% in June, from the peak of 21% in August last year Growth of currency in circulation in the country has slowed down to its lowest in about a year, the outcome of the slowdown in economic activity and partly the higher real deposit rates over the past couple of...

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Moneylife Digital Team 28 June 2011
According to a study by Crisil, prices of aviation turbine fuel, kerosene, bulk of fruits and vegetables have all witnessed double-digit inflation over the past three years while milk prices have nearly trebled during the last two years Surging inflation cost India households an additional...

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Moneylife Digital Team 24 June 2011
Group of ministers increases diesel price by Rs3 a litre, kerosene by Rs2 and domestic LPG by Rs50 a cylinder. Government also reduces excise duty on diesel from Rs4.60 a litre to Rs2 litre New Delhi: The government on Friday hiked the price of diesel by Rs3 a litre, kerosene Rs2 a litre...

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Moneylife Digital Team 16 June 2011
The Reserve Bank of India raises repo rate and reverse repo rates by 25 basis points. This is the 10th time that the central bank has hiked key policy rates since March 2010 The Reserve Bank of India (RBI) raised interest rates on Thursday for the 10th time since March 2010, saying it would...

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Moneylife Digital Team 16 June 2011
This is the 10th time that the central bank has hiked its key rates since March 2010 in its endeavour to deal with high inflation The Reserve Bank of India (RBI) in its mid-quarter monetary policy review has hiked the repo (short-term lending) and reverse repo (short-term borrowing) rates by...

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Moneylife Digital Team 31 May 2011
Central Bank, Union Bank chiefs stress importance of strong growth based on lower inflation Mumbai: Leading bankers today said that the slowdown in GDP growth to 7.8% in the March quarter was on expected lines and that the Reserve Bank of India and international agencies like the...

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Moneylife Digital Team 31 May 2011
Higher growth in the farming sector and better performance in financial services boosts GDP growth overall for 2010-11, albeit a little lower than the government’s target of 8.6% New Delhi: Confirming worries about a possible slowdown, India’s economy grew by just 7.8% in the fourth quarter...

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Moneylife Digital Team 03 May 2011
Central bank pegs GDP growth rate for current fiscal at 8% against government’s projection of 9% The Reserve Bank of India (RBI) in its monetary policy for 2011-12 today raised its short-term lending (repo) rate by 50 basis points (bps) to 7.25% and the short-term borrowing rate (reverse...

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The IMF says growth and recovery is taking root in global markets, but it advises financial policymakers to be cautious as high unemployment, rising commodity prices, inflation and increasing oil prices could slow growth in the medium term The International Monetary Fund (IMF) in its annual...

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Moneylife Digital Team 12 April 2011
While the HSBC PMI index suggests an expansion in manufacturing activity, government data revealed through the IIP suggests a slowdown in the industrial sector On 11th April, the Central Statistical Organisation (CSO) of the government released the industrial output data-as measured by the...

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William Gamble William Gamble 28 March 2011
Enterprises try to exploit a competitive advantage through the use of their government connections. And whenever governments intervene, bureaucrats gain more power, and invariably distort the markets. The graft issues in Russia & China, the US housing bubble, and the host of scandals currently...

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William Gamble William Gamble 21 March 2011
The main problem with market panics following unexpected and unpredicted events is lack of information. What’s important for markets is not information but perceived reality. To find a model for perceived reality, we need to turn to biology Since man built the first structure to remove...

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Moneylife Digital Team 10 March 2011
The media darling has been wrong more often than right Nouriel Roubini, chairman and co-founder of Roubini Global Economics LLC, has been a media darling because of his dire economic predictions. But he has been wrong in the past two years. Now, the good professor has been forced to eat his...

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