The Reserve Bank of India (RBI) has some room to reduce policy rates following a moderate core inflation and soft global oil prices, a deputy governor said on Monday.

Widespread opposition notwithstanding, Prime Minister's Economic Advisory Council chairman C. Rangarajan has strongly favoured an immediate increase in prices of diesel and cooking gas to contain

It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Prime Minister Manmohan Singh summone

The government announced a series of austerity steps on Thursday, including a 10 per cent cut in non-plan expenditure for fiscal 2013, which analysts said were not enough and would not have much impac

The Reserve Bank of India cannot arrest the rupee's decline if it is caused by weak fundamentals or global factors but can only take more calibrated steps in the forex market in such a scenario, a top official said today.

Terming decline in economic growth rate to nine-year low of 6.5 per cent in 2011-12 as 'disappointing', Finance Minister Pranab Mukherjee on Thursday said the government will take 'necessary steps'

India's annual economic growth probably held steady in the January-March quarter at 6.1 per cent and the global economic slowdown, government policy paralysis and a record low currency suggest little

Showing clear signs of slowdown in the Indian economy, the growth rate of eight core sectors halved to 2.2 per cent in April on account of sharp dip in output of natural gas and fertilisers.

The

Most of the factors that led to India's growth slowdown have bottomed out, Finance Minister Pranab Mukherjee said in a statement on Thursday, after the economy grew at its weakest pace in nine years i

Amid concerns over a perceived policy paralysis in India, a leading domestic research firm has expressed hope that the much-criticised recent actions of the executive, judiciary and regulators would a