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Food Secretary Sudhir Kumar. File photo: Ramesh Sharma
Business Line Food Secretary Sudhir Kumar. File photo: Ramesh Sharma

Wheat procurement may slip below last year’s 25 mn ton level: Food Secretary

The government’s wheat procurement target for the ongoing 2014-15 marketing year is likely to be missed and slip below the last year’s level of 25 million tonnes, Food Secretary Sudhir Kumar said... »
Francois Richier

India-EU FTA discussions may start after elections: French ambassador

French Ambassador Francois Richier, on Wednesday, expressed hope that the long on-going negotiations between India and the European Union (EU) for the free trade agreement (FTA) would re-commence... »

‘GDP likely to average 6.5 % over next five years’

There is only a 50 per cent chance India’s gross domestic product (GDP) will average even 6.5 per cent over the next five fiscals, according to a Crisil Research report, and that too, is predicated... »
Debit cards entered India in 1998 and they currently account for almost 95 per cent of the total number of cards in circulation. Credit cards have shown relatively slower growth. File photo.
Mumbai, April 23, 2014

Only 10-15% cards used for online transactions: RBI report

Of the 369 million debit and credit cards in the country, 10-15 per cent are used only for online transactions, the Reserve Bank said. India is one of the fastest-growing countries in the... »
Ila Patnaik
New Delhi, April 21, 2014

FinMin appoints Ila Patnaik as Principal Economic Advisor

Even as the BJP approached the Election Commission to stop t... »
April 20, 2014
Financial Scene

Reality check on the economy

Economic issues are inextricably tied to the ongoing high voltage election propaganda. The claim that a BJP-led NDA government will manage the economy far better than the UPA II will have to be tes... »
MUMBAI, April 19, 2014

Improving western economies to drive Indian IT

Things are certainly looking up for the information technology (IT) sector in 2014 and this was evident last week when industry heavyweights like TCS, Wipro, HCL Technologies and Infosys announce... »
Cabinet Secretary Ajit Seth (right) and Commerce Secretary Rajeev Kher at the standards conclave in New Delhi on Wednesday. Photo: Kamal Narang
NEW DELHI, April 16, 2014

Industry asked to enhance quality to boost export prospects

India needs a comprehensive law for formulating standards as they have “effectively replaced tariffs in the international trade discourse,” Commerce Secretary Rajeev Kher said here on Wednesday. <... »
MUMBAI, April 15, 2014

Moderate to strong recovery in the U.S., says Bernanke

The United States has begun looking at “moderate to strong” economic growth and the impact of the financial crisis in the country was fading, former U.S. Federal Reserve chairman Ben Bernanke said... »
This Oct. 9, 2011 photo shows 55 Water Street, home of Standard & Poor's, in New York.
New Delhi, April 15, 2014

Pace of policy reforms will affect India’s sovereign ratings: S&P

The direction and pace of policy reforms, more than which political party will come to power after the Lok Sabha elections, will affect India’s sovereign ratings, global ratings agency Standard &a... »
New Delhi, April 15, 2014

Petroleum Ministry to move Cabinet to allow RIL to retain gas finds

The Petroleum Ministry is moving the Cabinet to allow Reliance Industries retain three gas discoveries worth USD 1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.» 2 comments
BANGALORE, April 14, 2014

India a laggard in supply chain logistics, says JDA CEO Hamish Brewer

While India accounts for 70 per cent of its global research and development headcount, JDA software, a leading global supply chain management company, concedes that its client base in the country... »
April 13, 2014

Changing scene, shifting tunes

What do you expect to see in a Congress manifesto? Big-buck schemes for rural India, right? And, what do you expect to see in a BJP manifesto? Shiny new infrastructure and big push to the economic... » 1 comment

Q4 earnings estimates indicate gradual revival in economy, say brokerages

Finance officials confident of global growth

Exports dip 3.15 per cent in March

World Bank projects 5.7 % growth for India

No policy action, but big news

India’s forex reserves soar to $303.67 billion

Focus on corruption a sign of maturity, says Rajan

Tripura tops rural jobs scheme for the fifth year

Smart grid system mooted for wind energy in Tamil Nadu

Mumbai, April 21, 2014

MSS ceiling fixed at Rs. 50,000 cr for current fiscal

The Reserve Bank of India (RBI) has fixed the quantum of intervention through Market Stabilisation Scheme (MSS) at Rs. 50,000 crore to manage liquidity.Under the MSS, RBI, on the behalf of g... »
New Delhi, April 21, 2014

PMO seeks status report on gas pricing

The Prime Minister’s Office (PMO) has sought a status report from the Petroleum Ministry on issues around the implementation of the Cabinet decision to almost double natural gas rates. Th... »
New Delhi, April 20, 2014

EPFO to allot universal numbers by Oct 15

Retirement fund body EPFO will provide permanent or universal account numbers (UAN) on the pattern of core banking services to its over five crore active subscribers by October 15 this year.»
BEIJING, April 16, 2014

China Q1 growth falls to 7.4 %

China’s economy registered 7.4 per cent growth in the first quarter of the year — a figure that most emerging economies would perhaps deem robust, but the slowest growth in China over the past fiv... »
MUMBAI, April 15, 2014

Deterioration in credit conditions felt in India, says Moody’s

Moody’s Analytics on Tuesday said that deterioration in credit conditions was already being felt in India, where slower economic growth and rising interest rates had made it tougher for borrowers... »
The price of petrol was on Tuesday cut by 70 paise a litre, excluding local levies, the second reduction in rates this month. File photo
New Delhi, April 15, 2014

Petrol price cut by 70 paise a litre

The price of petrol was on Tuesday cut by 70 paise a litre, excluding local levies, the second reduction in rates this month as appreciation of the rupee against dollar made oil imports cheaper. <... »
New Delhi, April 15, 2014

’Food supply constraints should be addressed by new govt’

Tackling supply side constraints for arresting food prices should be the top most priority of the new government, India Inc today said, after inflation rose again in March after three months. ... » 1 comment
New Delhi, April 15, 2014

Inflation pressures continue to remain elevated

Right at the peak of the elections season, bad news on the inflation front is here to haunt the incumbent UPA Government. Growing at the fastest pace since December, wholesale price inflation hit... »
Director General of the World Trade Organization, WTO, Roberto Azevedo of Brazil, speaks to the media about the results of the WTO in 2013 and its prospects for 2014 during a press conference at the headquarters of the World Trade Organization in Geneva, Switzerland on Monday.
NEW DELHI, April 14, 2014

Global trade to rise by 4.7 % in 2014: WTO

Global trade is expected to increase by 4.7 per cent in 2014, better than the average of 2.2 per cent in the past two years, on the back of projected improvements in the developed economies, the W... »
The Reserve Bank of India has granted licence to set up banks after almost a decade.
April 13, 2014
FINANCIAL SCENE

Two new banks on the horizon

A day after reviewing the credit policy statement on April 1, the Reserve Bank of India (RBI) announced its decision to award ‘in-principle’ approval to two applicants, IDFC Limited and Bandhan Fi... » 1 comment

India calls for clearly communicated monetary policies

Poll panel approves urea pricing, defers investment policy

Greek bond issue raises 3 billion euros

India’s growth likely to recover to 5.4 % in 2014: IMF

Pre-election euphoria?

Forex reserves jump $5.04 bn to $303.7 bn

India needs multi-pronged approach to eradicate poverty: Report

India sees fall in air traffic demand this February