Economy
RBI says food inflation spreading to general economy
The Reserve Bank (RBI) stated that high inflation due the food prices has commenced spreading to the broader economy.
But, however, it is expected to ease on account of an expected moderation in food prices.
Meanwhile, RBI Deputy Governor, Subir Gokarn said that inflation is now broad-based and spreading to areas other than [...]
MSMEs contribution to GDP to rise to 10%: Fin Secy
The Finance Ministry stated that from the current level of 8%, the micro, small and medium enterprises are likely to raise their contribution to GDP to 10% very soon.
Finance Secretary Ashok Chawla said that this sector plays a pivotal role in India’’s growth story.
He said that from 3-4% to 6% [...]
Govt borrowing likely to be smooth: RBI
The Reserve Bank of India (RBI) yesterday said that the government borrowing for the next fiscal is unlikely to cause any major challenge to it, provided it remains within the budgeted target.
RBI deputy governor Subir Gokarn said that the RBI don”t expect the government borrowings to be huge challenge but [...]
Commerce Minister assures traders of govt help for foreign currency loans
At the time when the banks are levying additional charges on the exporters of government mediation, Commerce and Industry Minister Anand Sharma came out today and assured the exporters that they will get foreign currency loans at the new lower rate set by the RBI.
Mr. Sharma said at a summit that [...]
Indian workforce most mobile in world: Survey
A survey by global HR service provider Ma Foi Randstad stated that Indian employees are most eager in the world to change jobs in the next 6 months,
The ”work monitor” survey shows the scope to which employees are thinking of changing their jobs in the short-term compared with other countries in [...]
nflation to ease by June: RBI
Fuel inflation seems to have increased, while food prices continue to rise at almost the same rate in the weekly inflation numbers for the week ended February 27.
While RBI hopes that inflation will soon peak out, it doesn”t rule a double-digit inflationary situation.
Meanwhile, inflation data reported a little rise in the [...]
