Attributing economic slowdown to Reserve Bank's tight money policy and global financial problems, Finance Minister Pranab Mukherjee on Tuesday said the country needs to target a double-digit growth ra

The Reserve Bank of India's choice of securities to buy in open market operations is not aimed at reducing the cost of borrowing for the government but to ensure an adequate supply of liquidity in the

Cautioning the government that excessive borrowing is bad, Reserve Bank Governor D. Subbarao on Wednesday urged the government to put a cap on the public debt as it would hurt growth.

"There is a

The government is likely to introduce a Bill that seeks to make it mandatory for all micro-finance institutions to be registered with the Reserve Bank of India in the Budget Session of Parliament.

Th

The overall inflation dipped to a two-year low at 7.47 per cent in December 2011 mainly due to the decline in food prices.

But the decline in manufactured products inflation In December 2011, stood

Led by a recovery in manufacturing output, industrial production grew by 5.9 per cent in November, 2011, after witnessing a contraction in the previous month, a development that may reverse the negati

The Reserve Bank of India (RBI) on Thursday said that it will take into account the declining food prices while taking a view on the monetary policy which comes up for review later in the month.

"Th

The Reserve Bank of India (RBI) has approved debt-ridden national carrier Air India's financial restructuring plan, which would enable banks to amortise their provisional losses over 29 quarters, a se

India's economy is likely to grow less than 7.6 per cent this fiscal year and the RBI's aim to bring inflation down to 7 per cent by the end of March faces uncertainty over the rupee, oil prices, and the euro zone debt crisis, Reserve Bank of India governor Duvvuri Subbarao said on Thursday.

A benchmark index for Indian equities on Friday plummeted in late trade and provisionally closed 346 points lower. Capital goods, realty and banking stocks were among the biggest losers.